Alternative payments and e-commerce in Luxembourg

Discover how consumers in Luxembourg like to shop and pay online

With the highest Internet penetration rate in Europe [1] and a per capita GDP more than twice the eurozone average [2], Luxembourg is a highly lucrative e-commerce market. More than 80% of the population already shops online [3]. As you’d expect in such a lucrative, well-connected market, online shoppers love luxury goods, in particular fashion items [4]. 

Very nearly 100% of the population has a bank account [5] and over 70% uses Internet banking [6]. Unsurprisingly, bank transfers and other types of alternative payment are popular in Luxembourg, with over 70% of banks supporting, for instance, SEPA bank transfers [6]. Popular alternative payment methods in Luxembourg include schemes such as the e-wallet PayConiq, the bank-transfer scheme Trustly and the usual mobile wallets, such as ApplePay and Google Pay. 

  1. https://ecommercenews.eu/ecommerce-in-europe/ecommerce-in-luxembourg
  2. https://data.worldbank.org/indicator/NY.ADJ.NNTY.PC.CD?locations=XC-1W-LU
  3. https://ecommerce-europe.eu/research-figure/luxembourg
  4. https://www.jpmorgan.com/merchant-services/insights/reports/luxembourg-2020
  5. https://www.statista.com/statistics/380860/online-banking-penetration-in-luxembourg
  6. https://www.europeanpaymentscouncil.eu/news-insights/insight/payment-landscape-luxembourg

Luxembourg

General Information

  • Population 0.6 m
  • Population 15 + 0.5 m
  • Online Population 0.6 m
  • Area 2,586 km2
  • Currency EUR
  • GDP 83.2 bn $US
  • GDP per Capita 132,000 $US
Banked population
  • Luxembourg 99%
  • Western & Central Europe 96%
  • World 67%
Credit card penetration
  • Luxembourg 73%
  • Western & Central Europe 47%
  • World 19%
Internet penetration
  • Luxembourg 97%
  • Western & Central Europe 92%
  • World 62%
Smartphone penetration
  • Luxembourg 93%
  • Western & Central Europe 81%
  • World 70%

The information on our Insights pages has been compiled by us in cooperation with Datamatics and Wright & Brown. The data shown is partially owned by us and partially owned by GlobalData. © 2021 by PPRO Financial Ltd. No data and information can be used for any further publication without the explicit approval of PPRO.

Luxembourg

Local Payment Methods

BitPay Type Cryptocurrency Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Hyperwallet Type Bank transfer, Gift card, Prepaid voucher Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Payconiq Type Wallet Regions Western & Central Europe PayPal Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Paysafecard Type Prepaid voucher Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Paysafecash Type Cash Regions Eastern Europe & the CIS, North America + 1 Paysera Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Satispay Type Wallet Regions Western & Central Europe Market relevance Medium SEPA Direct Debit Type Bank transfer Regions Eastern Europe & the CIS, Western & Central Europe Market relevance High Skrill Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Trustly Type Bank transfer Regions Eastern Europe & the CIS, North America + 1 Market relevance High TrustPay Type Bank transfer Regions Eastern Europe & the CIS, Western & Central Europe Allied Wallet Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High UnionPay SecurePay Type Local payment card Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Apple Pay Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Amazon Pay Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, North America + 1 Market relevance High Boku Type Carrier billing Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High DaoPay Type Carrier billing Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Google Pay Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Mobiamo Type Carrier billing Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Orange Money Type Wallet Regions Eastern Europe & the CIS, Middle East & Africa + 1 Market relevance High Razer Gold Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High SEPA Credit Transfer Type Bank transfer Regions Eastern Europe & the CIS, Western & Central Europe Market relevance High SWIFT Type Bank transfer Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Secure Remote Commerce (SRC) Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance Medium SEPA Instant Credit Transfers (SCT Inst) Type Bank transfer Regions Eastern Europe & the CIS, Western & Central Europe Market relevance Medium Boloro Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 G2A Pay Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance Medium NETELLER Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Splitit Type Instalments Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3

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