SEPA indicators

The SEPA project intends to introduce a single set of payment instruments across Europe. To assess progress made in SEPA implementation, the European Central Bank and the European Payments Council have established a set of indicators that are collected according to a uniform methodology adjusted to each country's payment market situation: SEPA credit transfer indicator and SEPA cards framework indicator.

SEPA credit transfer indicator in Latvia

The first SEPA indicator on the SEPA credit transfers has been collected since 2008, indicating the share of those customer credit transfers which comply with the SEPA requirements at the bank-to-bank domain. In the second half of 2011, 95.0% of customer credit transfers met the requirements of SEPA credit transfers. In the total volume (2.0 millions) of euro payments in the second half of 2011 there have been excluded euro payments  which are not intended to migrate to SEPA requirements, i.e. euro payments to the third countries and urgent customer payments via large value payment systems.

SEPA credit transfer indicator at the bank-to-bank domain (25 KB)
(Data for: I/2008 - XII/2011)
Back to beginning

SEPA cards framework indicator in Latvia

Currently the implementation of SEPA cards framework is characterised by migration to the EMV standards, i.e. the issue of cards according to the EMV standards, EMV options at POSs and ATMs. At the end of the fourth quarter 2011, 99.3% of credit cards and 99.2% of debit cards were issued pursuant to the EMV standards as well as 99.3% of POSs and all ATMs had migrated to the EMV standards in Latvia.

SEPA cards framework indicator ( 35 KB)
(Data for: 2008/I – 2011/IV)

In 2011 60.4% of payments by cards issued in the country at POS terminals located in the country were EMV compliant.

In its turn, 42.2% e-commerce transactions were fully (card and merchant side) 3D Secure compliant. At the end of 2011 97.8% Latvian e-merchants were 3D Secure compliant and 50.5% of all cards issued in the country were registered as 3D Secure.

Back to beginning