Nearly every Czech owns a payment card

The number of payment cards in the Czech Republic has almost reached the level of the country’s population. According to the data of the Bank Card Association, the number of payment cards issued by Czech banks increased by 944,000 to 9.8 million in the third quarter of this year. The population of the Czech Republic is 10.45 million. Czechs still prefer debit cards, which are issued for an account, over credit cards and use them mainly to withdraw cash from ATMs.