European Payment Cards Yearbook

Latvia - Summary

Market Overview

  
Market Structure

In 2008, issuance of the few remaining local domestic cards for cash withdrawal ceased. The number of internationally-branded Latvian payment cards increased to 2.5 million, equivalent to 1.1 per capita; 76% of cards are debit cards. Credit and delayed debit card payments more than doubled.

As in other Baltic states, the domestic banking market is dominated by the Swedish banks, SEB and Swedbank. Both phased out their local bank brands during 2008-9.
   
Major Issuers Swedbank, SEB
   

Key Statistics 2008

  
Population 2.3 million
Cards Debit: 1.9 million
Credit: 513,000
Total: 2.5 million

 

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Purchase Profile

 

 

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