In the second quarter of 2023

Aggregate of withdrawals and purchases made through SIBS automatic payment terminals experienced a year-on-year increase of 10.6%

According to the data provided by the Interbank Services Society (SIBS) for the Autonomous Region of Madeira (ARM) in the second quarter of 2023, the total amounts related to withdrawals and purchases through SIBS automatic payment terminals (APT) reached 654.7 million euros, showing an increase of 10.6% compared to the same period last year. This growth was primarily driven by a 14.3% growth in purchases made through APT, while withdrawals also saw a positive rise of 2.4% year-on-year.

It is important to note that the overall increase was influenced by higher amounts with both international cards (+17.9%) and national cards (+8.7%).

Regarding payments, they amounted to 59.9 million euros, which represents a 32.4% increase compared to the same period last year.

Breaking down the withdrawals into national and international categories, national withdrawals accounted for 170.9 million euros in the second quarter of the current year, reflecting a growth of 2.8% compared to the same period last year. In contrast, international withdrawals amounted to 15.3 million euros, showing a slight year-on-year decrease of 2.5%.

Regarding purchases made through APT with national cards, they reached 338.7 million euros, showing an increase of 12.0% compared to the second quarter of 2022. At the same time, purchases made with international cards reached 129.8 million euros, marking a year-on-year growth of 20.8%.

Analysing the data by municipality, it is evident that Funchal accounted for the largest share, with 403.7 million euros in the aggregate of withdrawals and purchases through APT, representing 61.7% of the total in the region. Conversely, Porto Moniz recorded the lowest amount in this regard, with 5.4 million euros. Interestingly, Porto Moniz showed the highest year-on-year change (+27.6%), while Machico had the lowest change (+4.7%).

For the first half of 2023, the data indicates that in the Autonomous Region of Madeira, withdrawals and purchases through APT amounted to 1.2 billion euros, reflecting a year-on-year growth of 15.7%, with more pronounced increases observed in international cards (+29.3%) compared to national cards (+12.5%). The component of withdrawals registered a 5.1% increase compared to the same period of the previous year, while purchases through APT went up by 20.8%. During this period, all municipalities experienced growth, with Porto Moniz leading the increase, at 34.1%, while Funchal, accounting for 62.2% of the total withdrawals and purchases through APT, showed a growth rate of 15.4%.

Back

• Prev
• Next