Card payments total up 17% in 2021 in Latvia

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In 2021 in Latvia, card payments totaling 6.693 billion euro were executed, according to the Latvian central bank (Latvijas banka, LB), LETA reported January 12.

This is 17.7% more than in 2020 when 5.677 billion euros worth of payments were made. 

EUR 4.723 billion was withdrawn in cash, down 0.5% on 2020, and comprising 41.41% of all card settlements. Payments in shops comprised 40.52%, payments for vehicles 5.49%, followed by transport services payments, utility payments and professional services payments at over 2% each.

On the other hand, card payments for hotels worth EUR 100.03 million were made last year which is 67.7% more than in 2020. Entertainment services accounted for €98.672 million last year, 1.5% less than in 2020.

Airline services were paid for at €48.521 million last year, which is 53.5% more than in 2020.

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