European Payment Cards Yearbook

Iceland - Summary

 

Price: £50.00
Purchase Iceland Profile

Market Overview

  
Payment Organizations Greisluveitan (formerly FGM)
   
Market Structure

Card market aligned to competitive EEA structure.

Card use in Iceland is the highest in the world, reflecting extension of card payments into new areas. Despite the countryÕs financial meltdown, debit card payments continued to increase.

There were 58 million domestic payments on debit cards alone in 2010, equivalent to 182 per capita. Including credit cards, per capita payments were 316 in 2010.

The value of retail debit card payments was Û1.4 billion in 2010, equivalent to Û4,502 per capita.

The value of retail credit card payments was Û1.5 billion in 2010, equivalent to Û4,818 per capita.
   
Major Issuers Islandsbanki, Arion Banki, and Landsbankinn.
   
Major Acquirers Borgun and Valitor.
   

Key Statistics 2010

  
Population 318,500
Cards Debit: 487,300
Credit: 297,900
Total payment cards: 785,200

 

 

 

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