| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2019 - 2023 |
| CAGR | 5.09 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Netherland Payments Market Analysis
The Netherland Payments Market is expected to register a CAGR of 5.09% during the forecast period.
The Dutch payment system has been influenced by technological innovation and evolving payment methods, resulting in a significant decrease in the use of paper-based instruments.
- TOP, the RTGS system owned and operated by the Netherlands Bank, handles large-value payments. Although the TOP system is designed to handle large-value interbank payments, there are no upper or lower value limits for payments in theory. This is also true for cross-border payments made through TARGET, to which TOP is linked.
- Interpay is developing electronic billing, a new method of electronically processing and accepting giros without the use of paper forms. Instead of mailing a paper invoice with an accept giro form, suppliers may send it electronically to Interpay, which would forward it to a debtor's bank's website. Debtors can receive a message authorizing them to where they can really find it, so they can electronically sign and deliver their order to transfer the due amount.
- Mobile payments are becoming increasingly popular in the Netherlands, where they are perceived as a safe and efficient payment method. In the Netherlands, this is increasingly possible through Apple Pay, Google Pay, and mobile banking apps. iDeal is the most frequently used payment option in the Netherlands, accounting for more than 70% of all transactions by value. It provides consumers with an efficient, secure, and easy method of purchasing via direct online payments from their bank accounts.
- Over 40 million instantaneous payments have been exchanged among the various payment service providers since December 2022. This, together with instantly processed intra-PSP payments of roughly the same volume, is on top of this. Currently Dutch instant payments are mostly used for person-to-person (P2P) transactions: for example, to pay for a used bike from a private seller or to redeem everyone's share for a group dinner. Smart, instant transfers for bulk payments are already being offered by several payment service providers. These are divided up into 'buckets' processing immediately at night in off-peak hours.
Netherland Payments Market Trends
Rising users of Digital Payments in Online Sale
- The payment market in the Netherlands is facilitating the transition to a cashless society. Mobile payment innovations, contactless payments, and the closure of ATMs are all signs of a shift away from a cash-based economy. The global pandemic has accelerated this further, where contactless payments are perceived as faster and cleaner. The Netherlands is a pioneer in the adoption of a cashless payment environment.
- Bank transfers dominate the Dutch e-commerce payments market due to iDEAL. According to a survey conducted by Rapyd, 60% of Dutch people have recently used the iDEAL platform, and 40% use this platform as their preferred online platform for payments. Payments are made through the iDEAL mobile app or the customer's online banking website. As all Dutch central banks support the method, it provides consumers with the convenience and speed of delivering pre-filled payment information.
- The Netherlands is heavily reliant on credit transfers, also known as giro payments. Cheques are rarely used for remote or point-of-sale payments anymore. The vast majority of Dutch households and businesses have multiple payment accounts. Further, the gradual decline in the number of bank branches and ATMs and the rapid increase in the number of payment terminals at points of sale represents a change from cash to electronic payments.
- The overall number of Dutch people using online and mobile banking was In 2023, more than 90 percent of Dutch individuals used online or mobile banking. The most active age group in terms of online or mobile banking was 45 to 55 years old, with almost 98 percent of individuals in this group using digital banking platforms
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Increasing Internet Penetration in the Netherlands is expected to drive the market growth
- Connectivity and internet use have increased in the Netherlands, increasing the availability of online goods, services, and intermediaries to support this growth. This also demonstrates that the Dutch digital economy assists citizens in becoming connected and using the Internet to consume online services and initiate online transactions.
- According to the World Bank, the number of individuals using the Internet in the year 2021 stood at 92%, which was an increase of 1.08% from the year 2020. This increase in the use of the Internet led to online shopping, and in 2021, around 87% of the population bought goods from the online platform for personal use.
- In 2023, the percentage of Dutch households with internet connectivity stayed relatively constant at about 98.86 percent. However, the percentage of households with internet connectivity peaked in 2023 during the period under observation.
- Moreover, the Netherlands became the first country to launch fully contactless public transport payment systems nationwide. In June 2023, the Netherlands completed the launch of a contactless transit payments system nationwide, simplifying access and allowing travelers to tap in and tap out with their debit card, credit card, or digital wallet. Mastercard was a crucial part in the introduction of OVpay, joining forces with joint public transportation undertakings and TransLink to support domestic banks as they implemented their mobility transaction processing rules.
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Netherland Payments Industry Overview
The Netherlands Payments Market is a highly fragmented market with several international and local players. To be ahead in the competition, the companies are focusing on developing innovative products, partnerships, collaborations, and mergers and acquisitions with other market leaders. Some of the key market players are Currence iDEAL BV, PayPal Holdings, Inc., Mastercard Inc., Visa Inc., American Express, etc.
In April 2023, The European Payments Initiative (EPI) was announced as acquiring iDEAL. It is aimed at the implementation of a harmonized payment solution in all EU countries. EPI's purchase of iDEAL is a validation of the value and reliability of its payment solution.
In February 2022, Apple announced plans to add Tap to Pay to the iPhone. The new feature will allow businesses to accept Apple Pay and other contactless payment methods via their mobile device via the iPhone and iOS app.
Netherland Payments Market Leaders
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Currence iDEAL BV
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PayPal Holdings, Inc.
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Mastercard Inc.
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Visa Inc.
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American Express
- *Disclaimer: Major Players sorted in no particular order
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Netherland Payments Market News
- August 2024: Fincluded, a fintech firm based in the Netherlands, has launched PINCARD, a payment account tailored for EU migrant workers. This initiative seeks to cater to the evolving financial service requirements of the expanding migrant workforce in the Netherlands.
- July 2024: Nationale-Nederlanden, a Dutch insurance group, plans to launch digital payment accounts in the Netherlands to enhance its financial services portfolio. This is a "natural addition" to the group's current financial services, which are primarily supported by NN Bank, its retail banking division powered by Temenos. NN Bank serves around 1.25 million retail customers in the Netherlands, offering a variety of services, including mortgages, savings accounts, lending, and investment products. These services extend the group's broader offerings in individual life and non-life insurance.
Netherland Payments Industry Segmentation
Payments are increasingly becoming cashless, and the industry's role in fostering inclusion has become a top priority. Payments contribute to developing digital economies and drive innovation while serving as a stable backbone worldwide. The Netherlands' payment services market widely deals with various payment modes, end-user industries, and offline & online institutions. Interpay, an automatic clearing house with almost all banks participating, processes many of the wholesale payments centrally. There is no other system of substance payment at interbank low values.
The Netherland payments market is segmented by mode of payment (point of sale (card payments, digital wallet, cash), online sale (card payments, digital wallet)), and by end-user industries (retail, entertainment, healthcare, hospitality). The market sizes and forecasts are provided in terms of value in USD for all the above segments.
| By Mode of Payment | Point of Sale | Card Payments (includes Debit Cards, Credit Cards, Bank Financing Prepaid Cards) | |
| Digital Wallet (includes Mobile Wallets) | |||
| Cash | |||
| Other Points of Sale | |||
| Online Sale | Card Payments (includes Debit Cards, Credit Cards, Bank Financing Prepaid Cards) | ||
| Digital Wallet (includes Mobile Wallets) | |||
| Other Modes of Payment (includes Cash on Delivery, Bank Transfer, and Buy Now, Pay Later) | |||
| By End-user Industry | Retail | ||
| Entertainment | |||
| Healthcare | |||
| Hospitality | |||
| Other End-user Industries | |||
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Netherland Payments Market Research FAQs
What is the current Netherland Payments Market size?
The Netherland Payments Market is projected to register a CAGR of 5.09% during the forecast period (2025-2030)
Who are the key players in Netherland Payments Market?
Currence iDEAL BV, PayPal Holdings, Inc., Mastercard Inc., Visa Inc. and American Express are the major companies operating in the Netherland Payments Market.
What years does this Netherland Payments Market cover?
The report covers the Netherland Payments Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Netherland Payments Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Netherland Payment Industry Report
Statistics for the 2025 Netherland Payments market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Netherland Payments analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
