NORGES BANK MEMO
DEVELOPMENTS IN RETAIL PAYMENT SERVICES - 2013
CHARTS
0 200 400 600 800 1 000 1 200 1 400 1 600 1 800
0 200 400 600 800 1 000 1 200 1 400 1 600 1 800
01 02 03 04 05 06 07 08 09 10 11 12 13
Debit and credit transfers (giros) Payment cards (goods purchases)
Chart 1.1 Use of electronic payment instruments. Transactions in millions. 2001 – 2013
0 200 400 600 800 1 000 1 200 1 400 1 600
0 2 000 4 000 6 000 8 000 10 000 12 000 14 000 16 000
01 02 03 04 05 06 07 08 09 10 11 12 13
Debit and credit transfers (giros). Left- hand scale
Debit and credit transfers. Deflated by nominal GDP. Left-hand scale
Payment cards (goods purchases).
Right-hand scale
Payment cards. Deflated by nominal GDP. Right-hand scale
Chart 1.2 Use of electronic payment instruments. In billions of NOK.
2001 – 2013.
0 50 100 150 200 250 300
0 50 100 150 200 250 300
01 02 03 04 05 06 07 08 09 10 11 12 13
Online banking Mobile banking
Direct debit (AvtaleGiro) Postal giro Telegiro
Chart 1.3 Debet and credit transfers by retail customers. Transactions in millions. 2001 – 2013
0 100 200 300 400 500 600 700 800
0 100 200 300 400 500 600 700 800
01 02 03 04 05 06 07 08 09 10 11 12 13
Number of card transactions per inhabitant per year
Value per card transaction in NOK
Chart 1.4 Card transactions per inhabitant per year and value per card transaction. 2001 – 2013
0
2 000 4 000 6 000 8 000 10 000 12 000 14 000
0 2 000 4 000 6 000 8 000 10 000 12 000 14 000
01 02 03 04 05 06 07 08 09 10 11 12 13
Chart 1.5. Number of Norwegian payment cards issued. In thousands of NOK. 2001 – 2013
Chart 1.6 Use of Norwegian payment cards1. Transactions in millions.
2001 – 2013
0 200 400 600 800 1000 1200 1400 1600 1800
0 200 400 600 800 1 000 1 200 1 400 1 600 1 800
01 02 03 04 05 06 07 08 09 10 11 12 13
1 Payment cards issued in Norway.
Domestic credit cards
International payment cards
BankAxept cards
0 10 20 30 40 50 60 70 80 90 100
0 10 20 30 40 50 60 70 80 90 100
01 02 03 04 05 06 07 08 09 10 11 12 13
Billing functions ( payment cards issued by international card companies)
Credit cards issued by international card companies Domestic credit cards
Debit cards issued by international card companies BankAxept (debit)
Chart 1.7 Use of Norwegian payment cards by function and issuer.
Transactions in percent of total number of transactions. 2001 – 2013
0 10 20 30 40 50 60 70 80 90 100
0 10 20 30 40 50 60 70 80 90 100
07 08 09 10 11 12 13 07 08 09 10 11 12 13 Internet purchases in Norway
Internet purchases abroad
Value in billions of NOK
Chart 1.8 Internet purchases with Norwegian payment cards. 2007 – 2013
Transactions in millions
0 1 2 3 4 5 6 7 8 9 10
0 1 2 3 4 5 6 7 8 9 10
07 08 09 10 11 12 13
Percentage of total transactions Percentage of total value
Chart 1.9 Internet purchases with Norwegian payment cards. Percentage of total purchases of goods. 2007 – 2013
0 50 100 150 200 250
0 50 100 150 200 250
01 02 03 04 05 06 07 08 09 10 11 12 13
Goods purchases Cash withdrawals
Chart 1.10 Use of Norwegian payment cards abroad. Transactions in millions. 2001 – 2013
Chart 1.11 Number of card transactions per inhabitant. Payments and cash withdrawals. 2012
0 50 100 150 200 250 300 350 400 450 500 Poland
Germany Singapore Ireland Switzerland Belgium Netherlands UK Sweden Finland Denmark Canada US Norway Norway Iceland
2013 2012
0 20 40 60 80 100 120 140 160 180 200
0 20 40 60 80 100 120 140 160 180 200
01 02 03 04 05 06 07 08 09 10 11 12 13
ATMs. Transactions in millions
POS terminals. Transactions in millions ATMs. Value in billions of NOK
POS terminals. Value in billions of NOK
1 The figures for POS cash withdrawals up to 2006 are estimated by Nets (previously BBS) and Norges Bank. From 2006 the figures include only registered withdrawals.
Chart 1.12 Cash withdrawals from ATMs and POS terminals1. 2001 – 2013
0,00 0,25 0,50 0,75
0 5 10 15 20 25 30
01 02 03 04 05 06 07 08 09 10 11 12 13
POS terminals (left-hand scale) ATMs (right-hand scale)
Chart 1.13 Number of payment terminals and ATMs per one thousand inhabitants. 2001 – 2012
0 2000 4000 6000 8000 10000 12000
0 10 000 20 000 30 000 40 000 50 000 60 000
01 02 03 04 05 06 07 08 09 10 11 12 13 Withdrawals per ATM (left-hand scale)
Payments per POS terminal (right-hand scale) Chart 1.14 Use of POS terminals and ATMs per year. 2001 – 2013
Chart 1.15 Value of cash in circulation as a share of means of payment (M1), household consumption and mainland GDP. Percent. 2001 – 2013
0 2 4 6 8 10 12 14
0 2 4 6 8 10 12 14
01 02 03 04 05 06 07 08 09 10 11 12 13
As a share of M1
As a share of household consumption
As a share of mainland GDP
Chart 1.16 Cash as a share of means of payments (M1) in selected countries.
Percent. 2012
Sources: Norges Bank, ESB, BIS/CPSS and Sedlabanki Islands
0 5 10 15 20 25 30 35 40 45 50 55
UK Sweden Norway Denmark Iceland Canada Switzerland Japan Euro area Singapore Hong Kong US
Chart 2.1 Bank’s income from payment services and net interest and commision. In billions of NOK. 2006 – 2013
0 10 20 30 40 50 60 70 80
0 1 2 3 4 5 6 7 8
2006 2007 2008 2009 2010 2011 2012 2013
Other
Standing orders
Cards
Giros (electronic)
Giros (paper)
Cheques
Net interest and commision income (right-hand scale)