Czech payment card total rises over 9.0 million

The number of payment cards issued in the Czech Republic has risen to 9.1 million. The Bank Card Association said 154,000 new cards have been issued over the last year. Czechs are using the cards more for payments in shops than to take money out of cash machines it added. Figures for the third quarter alone showed 50 million transactions in shops compared with 39 million at cash machines. The amounts used for payments in shops was also falling, the association said.

Author: Chris Johnstone