Paying on credit as well as debit cards has went on to rise in August and it is now above the daily average during August of 12 months that is previous , new figures from the Central Bank show.
However, ATM withdrawals remain substantially down on 12 months that is previous .
It has dragged down the overall daily card invest, which includes ATM withdrawals, to three % below what it had been in August 2019.
But compared to its low point in mid-April, flash card paying is up sixty three %.
The Central Bank has today published stats that detail flash memory card payment data for July and some original figures for this month – up to August 24.
The Central Bank said that debit and credit card spending has remained’ relatively stable’ in August with the day devote up nine % on the same month last year.
Nonetheless, ATM withdrawals are down 31 % when compared to last year so the overall spend is still smaller compared to August 2019.
The 3rd stage of the lifting of constraints in July was definitely noticeable in last month’s card payments.
Retail spending remained fairly stationary in comparison to the previous month with clothes set up 9 % but food done 3 %.
Nonetheless, the spend on food is still thirty six % higher an annual basis.
Paying on electric items as well as hardware also declined slightly in July by 2 % but both sectors remained over thirty % increased than in July previous 12 months.
There was, however, a jump of 160 % in shelling out on accommodation and a twenty four % increase on transportation.
But paying in the two sectors is still way below what it was in July last 12 months, with accommodation down fifty one % and transportation slouching 66 % an annual basis.
Spending in joints was up fifty six % in July but stays twenty % below previous year.
The switch to paying on companies by customers may have contributed to the spend on ecommerce remaining very static last month during €2.2 billion, which is actually up 1 % on June.
But e-commerce continues to be up sixteen % compared to last season and now accounts for 41 % of total flash card expenses, the Central Bank said.
