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Coronavirus bulletin update: strong growth in debit card and iDEAL payments in August

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The number of transactions made by debit card at the checkout and online with iDEAL was considerably higher in August than in the same month a year earlier. Debit card payments rose by 16% and iDEAL payments by 38.3%.

Hand holds a debit card against a POS terminal for a contactless payment in a bright, professional retail or office environment.

The average year-on-year increase in the monthly number of payments is around 10% for debit card payments and around 28% for iDEAL.

Up to 2019, August was generally a quiet month for domestic payments at the checkout and online because of the holidays. One explanation for the relatively high number of payments in August during the COVID-19 year 2020 is that many more people in the Netherlands spent their summer holiday in the country or even stayed at home.

Read the full update…

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