- Total number of non-cash payments in euro area increased by 12.5% to 114.2 billion and total value increased by 18.6% to €197.0 trillion
- Card payments accounted for 49% of total number of non-cash payments, while credit transfers accounted for 22% and direct debits accounted for 20%
- Number of payment cards issued increased by 4.6% to 637.7 million, representing around 1.9 payment cards per euro area inhabitant
- Around 50 billion transactions processed by retail payment systems in euro area worth €41.1 trillion
The European Central Bank (ECB) has today published the 2021 statistics on non-cash payments. 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. 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 EU and euro area aggregates and comparative data.
Payment services[1]
The total number of non-cash payments in the euro area, comprising all types of payment services[2], increased in 2021 by 12.5% to 114.2 billion compared with the previous year, the corresponding total value increased by 18.6% to €197.0 trillion. Card payments accounted for 49% of the total number of transactions, while credit transfers accounted for 22% and direct debits for 20%.
The number of credit transfers within the euro area increased in 2021 by 8.6% to 25.1 billion and the total value increased by 19.3% to €184.2 trillion[3]. The relative importance of the number of credit transfers initiated electronically continued to increase, with the ratio of transactions initiated electronically versus paper based now standing at around sixteen to one. The number of direct debits within the euro area increased in 2021 by 5.8% to 23.2 billion, the corresponding total value increased by 11.1% to €7.3 trillion. The number of card transactions rose in 2021 by 17.3% to 56.3 billion with the corresponding total value increasing by 14.4% to €2.3 trillion. This corresponds to an average value of around €40 per card transaction.
The number of cards in the euro area with a payment function increased in 2021 by 4.6% to 637.7 million. With a total euro area population of 343 million, this represented around 1.9 payment cards per euro area inhabitant. Chart 1 below shows the development in the use of the main payment services in the euro area from 2000 to 2021.
The relative importance of the main payment services continued to vary widely across euro area countries in 2021. For example, at national level, the highest share of card payments, as a percentage of the total number of non-cash payments in 2021, is observed for Portugal at around 72%. The highest share of credit transfers is found in Finland at around 38% and Germany accounts for the highest percentage of direct debits at around 43%, expressed again as percentages of the total number of non-cash payments in 2021 (see Annex).
In 2021, the total number of automated teller machines (ATMs) in the euro area decreased by 4.2% to 0.28 million, while the number of point of sale (POS) terminals increased by 9.8% to 13.5 million.
Source: ECB.
Note: Data have been partially estimated for periods prior to 2010, as methodological changes were implemented in previous years and some corresponding data are not available. The historical estimation done by the ECB ensures comparability of figures over the entire period. Statistics are also collected on other payment services, which accounted for 0.9% of the total number of euro area transactions in 2021.
Retail payment systems
Retail payment systems in the euro area handle mainly payments that are made by individuals, with a relatively low value and high volume.
In 2021, data have been reported for 25 retail payment systems within the euro area as a whole. During the year, around 50 billion transactions were processed with a combined value of €41.1 trillion[4].
There continues to be a high degree of concentration in euro area retail payment systems in 2021. The three largest systems in terms of number of transactions (STEP2-T[5], CORE in France and RPS in Germany) processed 69% of the volume and 72% of the value of all transactions processed by euro area retail payment systems. Chart 2 shows the number and value of transactions processed by euro area retail payment systems in 2021.
Source: ECB.
Data on retail payment systems
Large-value payment systems
Large-value payment systems (LVPSs) are designed primarily to process large-value and/or high-priority payments made between participants in the system for their own account or on behalf of their customers. Although, as a rule, no minimum value is set for payments made in such systems, the average size of such payments is usually relatively large. During 2021, the LVPSs systems settled 140 million payments with a total value of €510 trillion in euro payments, with TARGET2 and EURO1/STEP1 being the two main LVPSs[6].
Chart 3 below shows the number and value of transactions processed by the main LVPSs in 2021.
Source: ECB.
ecb.europa.eu
