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"Visa card more and more for smaller amounts

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In Belgium last year, slightly more Visa cards issued. The number of payment transactions has increased, but the average amount per transaction was indeed lower. That was on a press conference of Visa Europe.
"People now use their cards for smaller amounts. We have special campaign conducted", said Senior Vice President Pedro Deserrano.

2.8 million Visa cards in Belgium

In Belgium in 2009 were 2.8 million Visa credit cards in circulation, an increase of 1.6 percent since 2008. The number of transactions rose by 4.7 percent to 71.9 million euros. The average amount per transaction was at 91.1 million, a decrease of 2.9 percent on the year. Altogether 6.5 billion euros was paid with a Visa card.
At European level (36 European countries, including Turkey and Israel), increased the number of cards (credit and debit) by 5.3 percent to 380.2 million. The number of transactions increased by 8.2 percent, to 17 billion. The average amount per transaction fell again, by 4.1 percent to 50 euros.
The first quarter saw a marked dip, but has since increased the use of Visa cards quarter after quarter. Deserrano: "the end of 2009 we were almost at the level of September 2007. (belga / MVDB)