In the 2^nd quarter of 2020

Aggregate of withdrawals and purchases through automatic payment terminals registered a year-on-year decrease of 29.6%

Data provided by the Interbank Services Society (SIBS) for the second quarter of 2020 show that the aggregate of withdrawals and purchases through automatic payment terminals (APT) dropped by 29.6% compared with the same period of the previous year. Breaking down by month, this aggregate declined by 46.1% in April, 27.3% in May and 16.4% in June. In the country, there was a 27.8% decrease in this variable in the reference quarter.

In the aforementioned period, the purchases through APT in the Autonomous Region of Madeira dropped by 31.0% and the cash withdrawals decreased by 27.5%. The same applies to the amount spent on payments, which had a 15.1% year-on-year (y-o-y) fall.

International cards were used to withdraw only 3.8 million Euros (71.5% y-o-y decrease), while the amount of withdrawals using national cards totalled 121.5 million Euros, down by 23.9% when compared with the corresponding period of 2019.

At the country level, international withdrawals decreased by 52.8% and the national withdrawals declined by 26.1%. The y-o-y average growth in withdrawals was -27.8%.

Concerning purchases through automatic payment terminals, the year-on-year change rate for the second quarter 2020 went down by 27.8% in Portugal and by 31.0% in Madeira. In the Region, the purchases through APT using national cards decreased by 17.0%, but those made using international cards dropped by 84.4%.

These results reflect the impact of the COVID-19 pandemic, and was particularly notorious in operations through international cards, given the almost total halt of tourism in Madeira.

Between January and June 2020, the aggregate of withdrawals and purchases through ATP fell by 15.1% in Madeira and by 15.2% in Portugal, vis-a-vis the same period of 2019.

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