Credit card payments in Luxembourg grew by 1.5 million transactions in 2020, although per capita use declined. Figures for Luxembourg, be they on payments or finance in general, tend to be relatively high - despite the country's small population size. This is partially explained by the presence of a significant financial market and headquarters of several financial insitutions. Nevertheless, cross-border e-commerce takes up a significant share in Luxembourgish online behavior, with nearly eight out of 10 consumers indicating they bought something from online sellers found in other EU countries.
Total number of credit card transactions processed for payments in Luxembourg from 2001 to 2023
2022 figures and beyond - release date November 2023 and later - made significant strides in reporting quality - causing a sometimes significant break in methodology in individual countries. Statista sometimes still had to calculate figures, however, as card figures were split between non-remote and remote use cases.
2021 figures and before - with a release date of July 2022, or earlier - are all Statista estimates. Statista used the following indicators - which did not return after the figures covering 2022 - for Luxembourg:
1. Credit cards
Number of cards with a credit function.
2. Debit cards
Number of cards with a debit function.
The following additional sources have been used to provide further context to these figures:
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Statista. (July 25, 2024). Total number of credit card transactions processed for payments in Luxembourg from 2001 to 2023 [Graph]. In Statista. Retrieved October 07, 2024, from https://www.statista.com/statistics/1308029/total-number-of-credit-card-payments-in-luxembourg/
Statista. "Total number of credit card transactions processed for payments in Luxembourg from 2001 to 2023." Chart. July 25, 2024. Statista. Accessed October 07, 2024. https://www.statista.com/statistics/1308029/total-number-of-credit-card-payments-in-luxembourg/
Statista. (2024). Total number of credit card transactions processed for payments in Luxembourg from 2001 to 2023. Statista. Statista Inc.. Accessed: October 07, 2024. https://www.statista.com/statistics/1308029/total-number-of-credit-card-payments-in-luxembourg/
Statista. "Total Number of Credit Card Transactions Processed for Payments in Luxembourg from 2001 to 2023." Statista, Statista Inc., 25 Jul 2024, https://www.statista.com/statistics/1308029/total-number-of-credit-card-payments-in-luxembourg/
Statista, Total number of credit card transactions processed for payments in Luxembourg from 2001 to 2023 Statista, https://www.statista.com/statistics/1308029/total-number-of-credit-card-payments-in-luxembourg/ (last visited October 07, 2024)
Total number of credit card transactions processed for payments in Luxembourg from 2001 to 2023 [Graph], Statista, July 25, 2024. [Online]. Available: https://www.statista.com/statistics/1308029/total-number-of-credit-card-payments-in-luxembourg/