European Payment Cards Yearbook

Latvia - Summary

	Price: £50.00
Market Overview
Market Structure	In 2008, issuance of the few remaining local domestic cards for cash withdrawal ceased. The number of Latvian payment cards reached 2.43 million in 2010, slightly down on 2009. Total bank cards issued are equivalent to 1.04 per capita; 80.2% of bank cards are debit cards. Credit and delayed debit card payments rose steeply from 2005 to 2008 before dipping in 2009 and in 2010. 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 Banka, Citadele Banka.

Major Acquirers	Swedbank, SEB Banka, Citadele Banka.

Key Statistics 2010
Population	2.34 million
Cards	Debit: 1.95 million Delayed Debit: 104,400 Credit: 395,170 Total: 2.43 million