We Pay More Often with Cards - Increase in Cashless Payment Volume
In Latvia, the volume of cashless payments made with payment cards has reached 8.631 billion euros in the first nine months of this year. This is an increase of 7.6% compared to the same period last year, according to data from the Bank of Latvia, as reported by the LETA agency.
Meanwhile, the volume of cash withdrawn using payment cards has decreased. In nine months, 3.614 billion euros were withdrawn, which is 1.9% or 68.877 million euros less than last year.
The volume of transactions made with payment cards in stores has reached 5.665 billion euros, which is 6% more than last year. An increase is also observed in clothing stores, where transactions have increased by 5.3%, and in retail stores with a 3.8% increase. Other stores have recorded a 10% rise.
