|
|
European Payment Cards Yearbook
Luxembourg - Summary
Market Overview |
|
| Payment Organization |
CETREL |
| |
|
| Market Structure |
CETREL, the interbank payments organization, is the central body in the card payments market. Originally set up to manage the Bancomat POS and ATM infrastructure for Luxembourg banks. SIX Group, the Swiss interbank company, took a 50% interest in CETREL in January 2009.
Card use at the POS in Luxembourg is high. Because of LuxembourgÕs location and economy, a high proportion of transactions are by visitors. |
| |
|
| Major Issuers |
Fortis, Dexia, KBC, ING and state-owned Banque et Caisse dÕEpargne de lÕEtat. |
| |
|
Key Statistics 2008 |
|
| Population |
490,000 |
| Cards |
Debit: 494,000
Credit: 442,000
Total: 936,000 |
click to continue |
|

|