“Payment Radar”: non-cash payments in Latvia have reached a record-breaking share

By Latvijas Banka | 1 April 2025


The most recent (spring 2025) “Payment Radar” published by Latvijas Banka suggests that the ratio between non-cash and cash payments in Latvia was 78% to 22% in February 2025. This represents the highest-ever share of non-cash payments.

Relative to the figures from February and August 2024, the share of non-cash payments has climbed by 1 percentage point (from 77% to 78%).

Read full announcement (external link)

Originally published on 31 Mar

Read More