Payment intermediation

16. November

October 2021

Total turnover of domestic payment cards amounted to 98.3 b.kr., in October 2021, an increase of 25.8% from the year before. Total turnover of debit cards was 45.7 b.kr and of credit cards was 52.5 b.kr. Average turnover per day was 3.2 b.kr., an increase of 2.9% between months.

Domestic turnover of payment cards in Icelandic retail outlets in October 2021 amounted to 78.8 b.kr., a 3.1 b.kr. increase from last month. The turnover comprised of a 38.8 b.kr. debit card turnover and a 40 b.kr. turnover of credit cards. Turnover of payment cards in retail outlets abroad amounted to 17 b.kr., an increase of 2.6 b.kr. from the previous month and a 8.2 b.kr. increase between years.

Total turnover of foreign payment cards in Iceland in October 2021 amounted to 15.3 b.kr., an decrease of 4 b.kr. from the month before and an increase of 13.7 b.kr. compared to the same month the year before.

Please not that data for September has been updated along with the payment card data for October.
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: IT & Statistics | fjarmalamarkadir@sedlabanki.is