Payment intermediation

14. October

September 2020

Total turnover of domestic payment cards amounted to 79 b.kr. in September 2020 but as of now turnover of domestic debit cards in banks and ATMs is excluded. Total domestic turnover of debit cards in retail outlets amounted to 34.3 b.kr., an increase of 17.4% from the previous year and turnover of debit cards in retail outlets abroad amounted to 3.2 b.kr., a decrease of 26.3% from the previous year. Total turnover of credit cards was 40.9 b.kr., a 9.3% decrease from the same period the year before.

Total turnover of foreign payment cards in Iceland in September 2020 amounted to 2.3 b.kr., a decrease of 88.4% from the previous year.

Please note that turnover of domestic debit cards in banks and ATMs and turnover of credit cards per. billing period is excluded from Sept. 2020 onwards. Also note that data from December 2019 on turnover of domestic debit cards in banks and ATMs is revised which effects before published total turnover for some months.

Payment intermediation data is based on information from Icelandic credit card companies.

Supervisor: IT & Statistics | fjarmalamarkadir@sedlabanki.is