Moldova Statistical Report 2024

INTRODUCTION

Moldova is a parliamentary republic with a unicameral Parliament (Parlamentul). It is a member of the Commonwealth of Independent States (CIS), the Organisation for Democracy and Economic Development (GUAM) and the Organisation of the Black Sea Economic Cooperation (BSEC) and is an observer of the Eurasian Economic Community (EurAsEC). 

About two-thirds of Moldova’s population is engaged in agriculture, while 20% of the labour force work abroad and remit around one-third of Moldova’s GDP back home, equivalent to $1.74 billion in 2022. 

Wedged between Romania and Ukraine, Moldova gained independence with most of the rest of the Soviet Union in 1992 and remains one of the poorest countries of the region. Moldova formed part of Romania until annexed by the Soviet Union in 1944, and retains strong links, including a common language. Today’s Moldova includes Transnistria, the territory unrecognised by the international community located on the border between Moldova and Ukraine, with a substantial ethnic Russian population. 

Russia has urged a policy of neutrality on Moldova and may attempt to frustrate Moldova’s integration with the EU. 

Moldova is only just starting the process of payment digitisation, with many of its banks only rolling out internet banking and mobile payment services in the last few years. Digital wallets and advanced payment services are yet to gain traction. As such, card transactions are traditionally split between POS payments and cash withdrawals, although POS payments now comprise the bulk of card transactions.

But in a promising sign, mobile phone penetration (at a high 84.79% of the population) will likely be the driver of Moldova’s digital payment development over the next few years, aided by a stabilised banking sector which is receiving ongoing support from the EU for structural reforms, transparency and competition.

STATISTICAL KEY FIGURES FOR 2023/24 PROVIDED IN THIS PROFILE:

NEW IN 2024:

• THE FULL IMPACT OF COVID-19 ON DIGITAL PAYMENTS, CARD PAYMENTS, E-COMMERCE AND M-COMMERCE BY MARKET.
  
• REAL-TIME PAYMENTS INFRASTRUCTURE AND GROWTH STATISTICS BY MARKET.
  
• OPEN BANKING INFRASTRUCTURE, API ROLL-OUT, KEY PLAYERS AND KEY INITIATIVES BY MARKET.
  
• CONTACTLESS AND MOBILE PAYMENTS STATISTICS BY MARKET.
  
• CRYPTOCURRENCY, STABLECOIN AND CBDC INITIATIVES BY MARKET.
  
• FULL UPDATE ON BANK CHANNEL DIGITISATION BY MARKET.
  
• FORECASTING COLUMN ADDED FOR ALL THE MAJOR TABLES.
  
• READER-FRIENDLY DESIGN WITH ENHANCED DATA VISUALISATION.
  
• INDUSTRY DEVELOPMENTS AND BANK DEPLOYMENTS OF EID, BIOMETRICS AND AI.
  
• THE INTEGRATION OF DIGITAL CHALLENGERS AND NEOBANKS INTO THE BANKING INFRASTRUCTURE.

UPDATES FOR 2023-24:

• UPDATED – BANK M&A, RESTRUCTURING AND MARKET POSITIONING.
• CUSTOMER NUMBER KPIS AND ADOPTION OF DIGITAL CHANNEL KPIS.
  
• REAL-TIME PAYMENTS INFRASTRUCTURE AND GROWTH STATISTICS BY MARKET.
  
• OPEN BANKING INFRASTRUCTURE, API ROLL-OUT, KEY PLAYERS AND KEY INITIATIVES BY MARKET.
  
• CONTACTLESS AND MOBILE PAYMENTS STATISTICS BY MARKET.
  
• CRYPTOCURRENCY, STABLECOIN AND CBDC INITIATIVES BY MARKET.
  
• FULL UPDATE ON BANK CHANNEL DIGITISATION BY MARKET.
  
• FORECASTING COLUMN ADDED FOR ALL THE MAJOR TABLES.

PRODUCT INFORMATION

Digital product provided in PDF format. You will receive a download link to a zip file containing your files after checkout. 

VERSION

Version 1.1 - last updated 09/05/2024