![]() ![]() The relative importance of the main payment services continued to vary widely across euro area countries in 2020. Chart 1 below shows the development in the use of the main payment services in the euro area from 2000 to 2020. With a total euro area population of 343 million, this represented around 1.8 payment cards per euro area inhabitant. The number of cards in the euro area with a payment function increased in 2020 by 6.5% to 609.3 million. This corresponds to an average value of around €41 per card transaction. The number and value of card transactions remained broadly unchanged in 2020, at 47.8 billion and €2.0 trillion, respectively. The number of direct debits within the euro area increased in 2020 by 4.4% to 22.2 billion while the total value decreased by 5.2% to €6.6 trillion. The relative importance of the number of credit transfers initiated electronically continued to increase, with the ratio of transactions initiated electronically to paper based transactions now standing at around fifteen to one. The number of credit transfers within the euro area increased in 2020 by 3.2% to 23.1 billion and the total value increased by 10.3% to €155.8 trillion. Card payments accounted for 47% of all transactions, while credit transfers accounted for 23% and direct debits for 22%. The total number of non-cash payments in the euro area, comprising all types of payment services, increased in 2020 by 3.7% to 101.6 billion compared with the previous year and the total value increased by 8.7% to €167.3 trillion. This press release focuses on developments in the euro area as a whole, although statistics are also published for each EU Member State, in addition to euro area and EU aggregates and comparative data. The statistics comprise indicators on access to and use of payment services and terminals by the public, as well as volumes and values of transactions processed through payment systems. The European Central Bank (ECB) has today published the 2020 statistics on non-cash payments. ![]() Around 46 billion transactions processed by retail payment systems in euro area worth €36.0 trillion.Number of payment cards issued increased by 6.5% to 609 million, representing around 1.8 payment cards per euro area inhabitant.Card payments accounted for 47% of total number of non-cash payments, while credit transfers accounted for 23% and direct debits accounted for 22%.Total number of non-cash payments in euro area increased by 3.7% to 101.6 billion and total value increased by 8.7% to €167.3 trillion. ![]()
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