200 billion euros' worth of non-cash payments made last year in Latvia

Take note – story published 5 years and 2 months ago

In 2018, 487.3 million non-cash payments totalling 203.0 billion euro were made by customers of credit institutions, electronic money institutions, payment institutions, Latvijas Banka, VAS Latvijas Pasts and the Treasury in Latvia, averaging 1.3 million payments (worth 556.2 million euro) per day, the Latvian central bank said February 28.

In comparison with 2017, the total number of non-cash payments made increased by 10.4%.

The most popular non-cash payments were card payments and customer credit transfers, constituting 63.8% and 36.0% of the total number of non-cash payments respectively.

To ensure card payments, 2.2 million payment cards were issued in Latvia as at the end of 2018 (1.2 cards per capita) and most of them were cards with a debit function.

42.7 thousand points of sale (POSs) and 993 ATMs were available to the public. Overall, at the end of 2018, the number of customer payment accounts totalled 3.6 million or 1.9 current accounts per capita in Latvia.

A detailed report on the operation of interbank payment systems, development of payment instruments and other areas vital for non-cash payments is available on Latvijas Banka's website: https://www.bank.lv/en/statistics/stat-data/payment-systems-statistics/latvia-s-payment-statistics.

Seen a mistake?

Select text and press Ctrl+Enter to send a suggested correction to the editor

Select text and press Report a mistake to send a suggested correction to the editor

Related articles


Most important