The ratio has remained unchanged from February 2024, representing the largest-ever share of non-cash payments.
Compared to August 2023, the frequency of non-cash payments grew. The ratio of non-cash to cash payments was 73% to 27% a year ago (77% to 23% six months ago, in February 2024, and 71% to 29% two years ago, in August 2022).
In August 2024, the average number of payments per capita in a week was 15.2 (compared to 17.1, 13.8, and 12.6 in February 2024, August 2023, and August 2022 respectively), including 11.7 non-cash payments and 3.5 cash payments.
The share of payments made with a contactless card has shrunk slightly, with 67% of the population using these payments daily in August 2024, down from 68% both in February 2024 and August 2023. The share of payments made with a smart phone has also seen a moderate decline, with 22% of the population using these payments daily in August 2024, down from 23% in February 2024.
In August 2024, 35% of the population used instant payments daily, down from 41% in February 2024 and up from 31% in August 2022.
The "Payment radar" outlines the latest information on the money usage habits of the public in Latvia. This information has been obtained from the results of a public survey conducted by the market and social research agency SIA Latvijas Fakti.
The "Payment radar" is published semi-annually.
