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Visa says total number of cards unchanged in 2010

Δημοσίευση 27 Ιανουαρίου 2011, 12:27 / Ανανεώθηκε 27 Ιουνίου 2013, 14:55
Visa says total number of cards unchanged in 2010
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A 10 pct increase in the use of electronic payments in Greece could lower informal economy by around 5.0 pct, or 3.0 billion euros, annually, Nikos Kampanopoulos, vice-president and general manager in Visa Europe, Greece, said on Wednesday.

A 10 pct increase in the use of electronic payments in Greece could lower informal economy by around 5.0 pct, or 3.0 billion euros, annually, Nikos Kampanopoulos, vice-president and general manager in Visa Europe, Greece, said on Wednesday.

Presenting Visa’s annual results, Kampanopoulos said the total number of Visa cards (debit, credit and corporate) was around 8.6 million units last year, unchanged from 2009, with transactions through debt cards rising to 835 million euros (up 16 pct). Credit card transactions rose 12.5 pct to 84 million euros, with spending per credit card totaling 160 euros, up 9.0 pct

The total number of credit cards fell 15 pct to around 3.0 million, while consumer spending was down 10 pct to 3.8 billion euros, last year, reflecting an economic recession in the country. Corporate cards grew 6.0 pct to 48,000, with transactions per card rising 7.0 pct.