In the 3^rd quarter of 2020

Aggregate of cash withdrawals and purchases through automatic payment terminals registered a year-on-year decrease of 8.0%

Data provided by the Interbank Services Society (SIBS) for the third quarter of 2020 show that the aggregate of cash withdrawals and purchases through automatic payment terminals (APT) decreased by 8.0% compared with the same period of the previous year (less pronounced than the 8.8% drop registered in Portugal). In the aforementioned period, the cash withdrawals declined by 6.9% and the purchases through ATP dropped by 8.7%. The amount spent on payments had a 3.3% year-on-year (y-o-y) decrease.

International cards were used to withdraw 8.7 million Euros (52.8% y-o-y decrease) while the amount of withdrawals using national cards totalled 162.1 million Euros, down by 1.7% when compared with the corresponding period of 2019.

At the country level, national withdrawals decreased by 8.8% and the international withdrawals decreased by 41.2%. The y-o-y average growth in withdrawals was -11.8%.

Concerning purchases through automatic payment terminals, the year-on-year change rate for the third quarter 2020 went down by 6.9% in Portugal and by 8.7% in Madeira. In the Region, the purchases through APT using national cards increased by 6.6%, but those made using international cards dropped by 57.1%.

Between January and September 2020, the aggregate of withdrawals and purchases through ATP fell by 12.5% in Madeira and by 12.8% in Portugal, vis-a-vis the same period of 2019.

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