The Czech Republic is a hub for fintech innovation, boasting a strong financial sector, stability, and openness to digital services. This dynamic ecosystem supports economic growth, skilled jobs, and financial market efficiency.

Over 200 fintech companies operate in the country, doubling in five years. While banks still hold influence, fintech solutions such as BudgetBakers' Wallet app are making a global impact. The Czech Republic ranks among the top five in contactless card payments, with fintech firms excelling in digital banking, payments, e-commerce, and blockchain.

Czechs lead in digital payment adoption, with 99% of domestic card transactions being contactless. Mobile and wearable payments are growing rapidly, and the country enables contactless ATM withdrawals. The fintech sector continues to merge finance and technology, with trends such as wealthtech and cryptocurrencies gaining momentum.

The Czech Republic has one of the highest e-commerce penetration rates in Europe. Companies like Dateio, Wultra, and Switchio successfully expand abroad, while infrastructure services such as risk management and claims handling present strong opportunities. Experts like former Avast CEO Ondřej Vlček contribute to this growth.

Czech fintech firms actively participate in international events. In 2023, a delegation attended the Czech-Irish Fintech Forum in Dublin, engaging with Irish banking and ICT representatives. Mastercard data shows that 57% of Czech consumers prefer cashless payments, with mobile and wearable transactions on the rise.

Tokenization is enhancing payment security, doubling transaction volume in the past two and a half years. E-commerce innovations like Click to Pay streamline online payments. With a strong fintech sector and high consumer adoption, the Czech Republic is shaping the global financial landscape.

Catalogue of Czech fintech industry.PDF