Payment Card Year Books

Latvia 2019/2020

  • Sale
  • Regular price £240.00

A newer version of this product is available here

Payment Organisation


Domestic Card Brand

No domestic card schemes.

Market Structure

The Latvian card market has a competitive, decentralised, infrastructure composed of 14 card issuers, Ten acquirers, card processors, seven ATM networks and five POS networks.

The number of Latvian payment cards reached 2.24 million in 2018, down 65,000 from 2017.

In 2018, total bank cards issued were equivalent to 1.17 per capita; 88.04% 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.

Statistical Key Figures for 2018 provided in this profile:

UPDATED: tables with card business data 2014-2018; 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

Product information

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


1.1 last updated 13th January 2020