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Daily average value of domestic payments TARGET2-LU Luxembourg 2008-2018

Daily average value of processed domestic payments through RTGS-system TARGET2-LU in Luxembourg from 2008 to 2018 (in million euros)

Daily average value of domestic payments TARGET2-LU Luxembourg 2008-2018 This statistic shows the daily average value of processed domestic payments through RTGS-system TARGET2-LU in Luxembourg from 2008 to 2018 (in million euros). TARGET2 is a system that is used by European central banks and commercial banks to process payment orders in real time (also known as real-time gross settlement or RTGS). In essence, the system allows for the free flow of large-value money transactions between banks from different countries and a harmonized monetary policy in Europe. Retail payments, such as payments with credit cards, are processed by another system though: the Single Euro Payments Area or SEPA.
TARGET2-LU is the Luxembourg component of the TARGET2-system. In 2018, the system processed approximately four billion euros worth in transactions. Like in other European countries, credit and debit cards are a popular form of digital payment methods for either physical purchases in brick-and-mortar-stores or for online purchases. In 2017, there were approximately 19 POS transactions per card in Luxembourg, compared to 123 in the Netherlands and 75 in Belgium.
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Daily average value of processed domestic payments through RTGS-system TARGET2-LU in Luxembourg from 2008 to 2018 (in million euros)

Daily average value in million euros
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Daily average value in million euros
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This statistic shows the daily average value of processed domestic payments through RTGS-system TARGET2-LU in Luxembourg from 2008 to 2018 (in million euros). TARGET2 is a system that is used by European central banks and commercial banks to process payment orders in real time (also known as real-time gross settlement or RTGS). In essence, the system allows for the free flow of large-value money transactions between banks from different countries and a harmonized monetary policy in Europe. Retail payments, such as payments with credit cards, are processed by another system though: the Single Euro Payments Area or SEPA.
TARGET2-LU is the Luxembourg component of the TARGET2-system. In 2018, the system processed approximately four billion euros worth in transactions. Like in other European countries, credit and debit cards are a popular form of digital payment methods for either physical purchases in brick-and-mortar-stores or for online purchases. In 2017, there were approximately 19 POS transactions per card in Luxembourg, compared to 123 in the Netherlands and 75 in Belgium.
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