Payment intermediation

14. June

May 2024

Total turnover of domestic payment cards amounted to 127.2 b.kr. in May 2024, where the total turnover of debit cards was 54.1 b.kr. and the turnover of credit cards was 73.1 b.kr.

Domestic turnover of payment cards in Icelandic retail outlets amounted to 96.8 b.kr. in May, an increase by 6.0 b.kr. compared to May 2023. This turnover comprised of 42.4 b.kr. debit cards turnover and of 54.4 b.kr. turnover of credit cards respectively. Turnover of domestic payment cards in retail outlets abroad amounted to 25.0 b.kr. in May 2024, which is 0.1 b.kr. lower turnover compared to May 2023.

Total turnover of foreign payment cards in Iceland was 23.3 b.kr. in May 2024, which is 3.6 b.kr. lower turnover compared to May 2023.

Payment intermediation data is based on information from Icelandic payment intermediation companies.
Please note that data on turnover of domestic debit cards in banks and ATMs and turnover of credit cards per. billing period, is excluded from Sept. 2020 and onwards.


Supervisor: Data Management | support@sedlabanki.is