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Slovakia has more payment cards

Also the number of transactions made by payment cards increased in annual comparison.

Illustrative stock photo(Source: Sme )

Banks in Slovakia issued a total of 5.5 million payment cards last year, nearly 200,000 more than the previous year.

The highest share was represented by debit cards for current accounts, followed by credit cards and pre-paid cards, the TASR newswire reported in early March.

Also the number of transactions made by payment cards increased by 14 percent year-on-year. The volume of transactions rose by 7 percent compared with the previous year.

“Clients carried out 77 transactions a year on average,” the Slovak Banking Association (SBA) informed, as quoted by TASR.

Bank clients still prefer contactless cards. Currently, some 82 percent of issued cards offer this service. Nearly 38 percent of all payments were contactless in 2016, while in 2012 it was only 1.2 percent, according to SBA.

The average amount for which contactless payment is used oscillates around €13.4.

Meanwhile, the number of cash dispensers also increased in Slovakia last year, by 27 units to 2,765, while the volume of cash withdrawals rose compared with 2015, as well.

“The average amount of one cash withdrawal carried out increased by €3 to €145.2,” SBA added, as quoted by TASR.

On the other hand, the number of payment terminals dropped last year by nearly 7,500, which represents 15 percent, to 42,150 units. The number of payments via the terminals, however, increased 9.5 percent y/y, while the volume of transactions rose by 3.9 percent compared with the previous year.

Topic: Finances and Advisory

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