In the 1^st quarter of 2025

Aggregate value of withdrawals and purchases through automatic payment terminals in the SIBS network grew 8.5% year-on-year

The data provided by Sociedade Interbancária de Serviços (SIBS), for the Autonomous Region of Madeira, referring to the 1^st quarter of 2025, show that the amounts for the two main operations of the SIBS network (withdrawals and purchases through automatic payment terminals - APT), considered as a whole, amounted to 686.0 million euros (2.8% of the national total), meaning an increase of 8.5% compared to the same period last year (+4.4% in the country). This growth was mainly driven by a 12.4% increase in purchases made using automatic payment terminals (+8.5% nationwide), as surveys recorded an annual drop of 1.9% (-5.5% nationwide).

It is also worth highlighting that the global increase mentioned above resulted from a 12.0% rise in transactions with international cards and a 7.5% growth in national cards. Nationally, the changes were +2.9% and +4.5%, in the same order.

Breaking down the withdrawals into national and international, it can be seen that, in the 1^st quarter of the current year, the former amounted to 156.2 million euros, while the latter totalled 14.2 million euros, representing year-on-year changes of -2.1% and 0.8%, respectively.

In turn, purchases through APT made with national cards were around 381.5 million euros, reflecting an increase of 12.4% compared to the 1^st quarter of 2024, while those made with international cards totalled 134.0 million euros, equivalent to a rise of 12.0% compared to the same period last year.

When analysing the total purchases by purchase type – in-store and online, it is observed that the year-on-year changes were +10.1% for in-store purchases and +63.8% for online purchases, with online purchases representing only 6.2% of the total.

In the 1^st quarter of 2025, purchases made through APT were mostly made in the sectors of “Wholesale and retail trade; repair of motor vehicles and motorcycles” (57.3% of the total) and “Accommodation, food and similar” (22.0% of the total). In these sectors, annual increases of 11.4% and 7.8% were observed, respectively.

The analysis of the data by municipality shows that 422.9 million euros were transacted in Funchal, accounting for 61.6% of the total for the Region. The year-on-year growth in withdrawals added to purchases via APT in Funchal was 7.8%. In the opposite direction, Porto Moniz was the municipality with the lowest value of transactions, reaching 5.1 million euros. Machico stood out with the highest year-on-year growth (+23.7%), contrasting with São Vicente, which showed a negative change (-0.6%).

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