Payment Card Year Books

Latvia 2020/2021

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  • Regular price £240.00

Payment Organisation


Domestic Card Brand

No domestic card schemes. 

Market Structure

The Latvian card market has a competitive, decentralised, infrastructure composed of 13 card issuers, nine acquirers, card processors, six ATM networks and five POS networks. 

The number of Latvian payment cards reached 2.23 million in 2019, down 10,000 from 2018. 

In 2019, total bank cards issued were equivalent to 1.17 per capita; 89.79% of bank cards were debit cards. 

As in other Baltic states, the domestic banking market is dominated by banks from Sweden. 

In 2014, Latvia became the 18th member of the Euro system. 

Emerging Open Banking ecosystem. Strengthening AML procedures. Ongoing bank sector consolidation. 

Notable Market Trends

Contactless rollout: cards, POS/MPOS terminals, mobile apps, instant payments


 UPDATED: tables with card business data 2015-2019; growth rates: Y-o-Y, CAGR
 Population, Cards per Capita, Card Value per Capita
 Debit Cards, Credit/Delayed Debit Cards, Total Cards
 Card payments by number and by value, ATV per card, payments per card/year
 ATMs, POS terminals, ATMs/POS terminals per 1 million capita
 ATM withdrawals by number/by value, ATV per withdrawal, TXs per ATM/month
 POS payments by number/by value, ATV per POS payment, TXs per POS/month
 Internet Use, e-payment mix, B2C e-Commerce by value and growth rate
 Issued Card brands by individual major issuer bank
 Accepted card brands by individual major acquirer
 Drill down into the debit card use and credit cards use details 


Digital product provided in PDF format. You will receive a download link to a zip file containing your files after checkout. 


Version 1.1 - last updated Friday 15th January 2021