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.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Theme: Finances and Advisory


Top stories

Coalition demands the right of reply for politicians

Politicians ponder new provisions for the Press Code, Speaker of Parliament Danko wants to defend himself against op-eds too.

The ruling coalition (L-R: SNS-Andrej Danko, Smer-Robert Fico. Most-Híd-Béla Bugár).

Maya expert: The world we live in is not the only one possible

Leading Slovak expert contributes to rewriting Maya history.

Milan Kováč

Slovakia’s Pohoda wins two prestigious European festival awards

The festival organiser praised the awards and says they want to continue and improve the quality of the summer festival.

"They united us." - tribute to Ján Kuciak and Martina Kušnírová at Pohoda 2018.

Theresa May at least has the courage to try

May keeps her job because nobody else is capable, or willing, to take on the impossible task of Brexit.

Theresa May