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Number of ATM cards has risen 3.6 times over 15 yrs

Author: mses
ZAGREB, Dec 23 (Hina) - The number of payment cards issued by financial institutions in Croatia has risen 3.6 times over the last 15 years, and the number of automated teller machines (ATM) has increased five times and EFTPOS (Point of Sale / POS) terminals have jumped tenfold, the Croatian Chamber of Commerce (HGK) reported on Tuesday marking the 15th anniversary of keeping card transaction statistics in Croatia.

At the end of September, there were 8.7 million debit and credit cards in Croatia, a rise of 1.6% compared to September 2013.

This rate was lower compared to rates in the past, notably to years before the outbreak of the crisis in 2008, an HGK analyst said.

The share of smart cards is 92.4%.

Cards are mainly used to withdraw cash, 60.2% of the total value of card transactions, 35.2% refer to payments in Croatia, and 4.6% to transactions made abroad.

Croatia had a total of 4,261 cash machines at the end of September, a 3.5% rise year on year. The number of EFTPOS terminals went up 6% to 5,703.

It has been noticed that cards are being increasingly used for payments of small amounts at EFTPOS terminals. The average value per transaction at EFTPOS terminals was HRK 246 in the first nine months of 2014, down by 8 kuna compared to the corresponding period in 2013.

(EUR 1 = HRK 7.6)

(Hina) ms

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