News

01/21/2010

Ceska Sporitelna's Clients Executed Card Transactions Worth CZK 346 bn. Last Year. Cashless Payments are Increasingly Popular.

Last year, the holders of Ceska Sporitelna payment cards executed a total of 164 million transactions, amounting to a total of CZK 346 bn. That is approximately the same volume as in 2008 (an increase by 0.4%). Although last year, clients again withdrew the largest amount of money from ATMs (78% of the overall volume of transactions), cash withdrawals only accounted for just under a half of the total number of transactions (49%). This indicates the increasing popularity of cashless payments, of which clients executed 9% more than in 2008 in terms of volume. The volume of payments executed via the Internet also increased year on year, by 30%. On average, there were 50 transactions per Ceska Sporitelna payment card last year. 

“There is no doubt that the frequency of use of payment cards is increasing, and this trend will continue. Every year, the number of transactions executed per card increases, whereas the average transaction amount decreases. Cashless payments are coming to the fore and the popularity of credit cards is increasing. Last year, we noted a record increase in the volume of payments via the Internet, which shows that clients increasingly appreciate the speed and comfort of on-line payments by card,” said Miloslav Křečan, Director of the Ceska Sporitelna Card Centre.

Like every year, clients used payment cards the most in the run-up to Christmas, when they spent an average of 30% more at retailers'  than in other months.

Ceska Sporitelna is the largest card issuer in the country. It has issued a total of 3.3 million cards, of which 85% are debit cards and 15% are credit and charge cards. All active payment cards are equipped with a chip.

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