Banking Association reports upswing in use of bank cards


Staff member
Feb 20, 2019

For the first eight months of the year, credit and debit bank card transactions have been of RD$283 billion. These are expected to amount to RD$423 billion by the end of 2021, according to the Dominican Banking Association (ABA). This is up from RD$222.6 billion in 2014, reflecting the steady preference of financial services users.

The volume of point-of-sale transactions is expected to reach 192.7 million transactions by year’s end.

The ABA indicates that 96% of the operations are local transactions and 4% for transactions abroad.

58% of the active bank cards are debit cards, 27.6% are credit cards and 12.1% are government-subsidized cards and 2.3% prepaid cards.

From 2014 to 2020, the number of active debit cards showed an upward trend, but during the first eight months of 2021, there was a 6.2% decline, with 317,884 less activated cards.

The performance...

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