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Card Payments Double in Ten Years in Euro Area

“The number of card payments made by consumers and businesses in the euro area has increased by more than two-fold during the last ten years, reveals a report by the European Central Bank. As per the statistics, an average of 121 card payments per capita was recorded last year, versus 56 in 2008. Despite a rise in the number of card payments, the average value of each card payment decreased from €54 in 2008 to €44 in 2018. Card payments accounted for approximately half of the”