FACTS ABOUT CASHLESS PAYMENT METHODS

In 2016 Slovak banks issued all together 5.5 million payment cards
The number of issued payment cards grew for almost 200 thousand year-on-year
The largest share of issued payment cards in 2016 were debit cards for current accounts followed by credit cards and prepaid cards
The number of payments made by payment cards is constantly rising. In 2016 year-on-year increase is 14 percent
The number of payments made by payment cards increased year-on-year by 14 percent and the number of executed transactions increased by 7 percent
Contactless payment cards are the most popular within customers. Currently more than 82 percent of cards are using this feature.
In 2016 more than 38 percent of all payments were made by contactless payment cards. However, in 2012 it was only 1,2 percent.
The number of payment terminals in Slovakia decreased in 2016 by almost 7 500 to total number of 42 150 terminals.
The number of payments made by payment terminal increased year-on-year by 9,5 percent and the number of transactions by 3.9 percent.
Source: Slovak Bank Association

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