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In 2015, 361 million payments by customers of credit institutions, electronic money (e-money) institutions, payment institutions, Latvijas Banka, SJSC Latvijas Pasts and the Treasury were executed in the payment system of Latvia. Their total value was 366 billion euro, i.e. on average 1 million payments in the total amount of 1 billion euro per day.

In the first half of 2015, 174 million non-cash payments made by customers totalling 177 billion euro were made in Latvia, while in the second half of the year – 187 million non-cash payments amounting to 189 billion euro were executed.

Widespread use of non-cash payments in our country continued in the second half of 2015. The total volume of payments made by customers increased by 7.5%, but the total value of payments augmented almost by 7% in comparison with the first half of 2015. The rise in non-cash payments was primarily on account of card payments, which were the most frequently used non-cash settlement.

To ensure execution of card payments and employment of payment cards, 2.4 million payment cards were issued in Latvia at the end of 2015, and most of them were debit cards. 31 thousand points of sale (POSs) and 1 058 ATMs were available for inhabitants.

A comprehensive report on the operation of interbank payment systems, development of payment instruments and other areas vital for non-cash settlement is available on Latvijas Banka's website: https://www.bank.lv/en/statistics/payment-systems-statistics/latvia-s-payment-statistics.

Latvijas Banka organises and maintains the payment infrastructure in Latvia, including two fully automated payment systems helping to ensure interbank settlements in euro. TARGET2-Latvija is an interbank euro payment system falling within the Trans-European Automated Real-time Gross Settlement Express Transfer System TARGET2. The Electronic Clearing System of Latvijas Banka (EKS) is a net settlement system used for the processing of retail payments.