January 15, 2021

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More often pinned in supermarkets during Christmas week Financially

More often pinned in supermarkets during Christmas week Financially

On the other hand, around a third fewer cash payments were made. In addition, according to the payment association, the increase in debit card payments in supermarkets is low, as the growth in previous years averaged 10 percent compared to the previous year.

The growth in the number of debit card transactions in supermarkets is offset by a decrease in other stores. The total number of debit card payments decreased by 30 percent compared to the previous week.

Buy in installments

The number of debit card payments also showed that people shop more often, which can be explained by longer opening hours, but also by working from home. Last year, at the busiest time on December 23, it measured 800 pin transactions per second, this year it was 385.

In the seven days up to and including Wednesday, iDEAL was paid around 65 percent more frequently and sales increased by half compared to the previous year. On Monday, more than 4 million iDEAL payments were made for the second time in one day.

A total of 2.2 billion euros were spent online in the week before Christmas. In the same period, almost 2.5 billion euros were charged, 30 percent less than normal.