Payment intermediation

13. January

December 2020

Total turnover of domestic payment cards amounted to 95.0 b.kr. in December 2020. Total turnover of debit cards was 45.3 b.kr. Domestic turnover of debit cards in retail outlets amounted to 41.2 b.kr. a nominal increase of 12.6% from the previous year which is a real increase of 8.3%. Total turnover of credit cards was 49.7 b.kr. Domestic turnover of credit cards in retail outlets amounted to 42.7 b.kr. an nominal increase of 6.4% and a real increase of 2.3%.

Total turnover of foreign payment cards in Iceland in December 2020 amounted to 1.7 b.kr., an increase of 4.1% from the previous month.

Total domestic turnover of payment cards in retail outlets in the year 2020 was 820.0 b.kr. a 2.9% real increase from the previous year. Total turnover of foreign payment cards in retail outlets was 60.9 b.kr. in the year 2020 a decrease of 161.9 b.kr. from the year 2019.

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

Supervisor: Statistics | fjarmalamarkadir@sedlabanki.is