Subscribe Login
Technology

Total Value Of Card Transactions Up 8% Year-On-Year, Central Bank

The total quarterly value of all card transactions (including ATM transactions) increased by 8% in year-on-year terms to €18.9 billion in Q2 2019, according to statistics from the Central Bank of Ireland.

Central Bank released its Credit and Debit Card Statistics – Q2 2019 report, which found that almost €19 billion was spent in the three month period. During the quarter, debit cards were used in 272 million individual PoS transactions, compared to just 38 million transactions through credit cards.

Debit card PoS spending rose by 10% in year-on-year terms in June 2019, to nearly €3.5 billion.

Credit card spending experienced flat growth, with a minor increase of 1% to €915 million.

Debit card transactions in the retail sector increased by 5%, or €76 million, while credit card transactions in the retail sector fell by 2%, or €7,000.

E-Commerce

Total e-commerce expenditure increased on an annual basis in June 2019, rising by 15% to €1.7 billion.

Of this, €1.2 billion and €434 million is attributable to debit and credit cards respectively.

E-commerce accounted for 24% of all debit card expenditure, and 47% of all credit card spending in June 2019.

© 2019 Checkout – your source for the latest Irish retail news. Article by Aidan O’Sullivan. Click sign-up to subscribe to Checkout.

Stay Connected With Our Weekly Newsletter

Processing your request...

Thanks! please check your email to confirm your subscription.

Stay connected with our weekly newsletter
Enjoy the most important stories from the world of Irish grocery retail, curated for you by our team of experts every week.
Stay connected with our weekly newsletter
Stay connected with our weekly newsletter
Enjoy the most important stories from the world of Irish grocery retail, curated for you by our team of experts every week.
Stay connected with our weekly newsletter