Edition 1484
21 July 2018
Edition: 1484

Read this week's issue online exactly as it appears in print.


Card transactions in Lisbon during Web Summit up 56 percent

by TPN/Lusa, in Business · 23-11-2017 15:03:00 · 0 Comments

The number of purchases and withdrawals at automatic teller machines (ATM) in Lisbon in the week that the Web Summit technology summit was held, between 4 and 9 November, increased by 56 percent and 11 percent over 2016, respectively.

SIBS, the company responsible for the majority of credit and debit card transactions in Portugal, reported that between midnight on 4 November and 8 pm on 9 November there was a, “56 percent increase in the number of purchases and 11 percent in the number of withdrawals compared to the same period” in Multibanco and ATM Express networks managed by SIBS in the Lisbon district.
SIBS pointed out that “visitors from France were the ones who made the most purchases and withdrawals,” accounting for 14.3 percent of the total.
Visitors from the United Kingdom (13.2 percent), United States (8.1 percent), Germany (6.4 percent) and Spain (6.3 percent) followed.
In addition, of the total purchases with foreign cards, 45 percent were made in restaurants and supermarkets, equivalent to 33 percent and 11.6 percent of the total, respectively.
Payments for accommodation, transport and fashion accounted for 10.2 percent, 9 percent and 7.8 percent of the total, in that order.
According to the Web Summit organization, 59,115 people from 170 countries participated in this second edition of the event to be held in Portugal.
The event took place between 6 November (although during the previous weekend there were some related events) and 9 November in the Parque das Nações area of the Portuguese capital.
The technological, innovation and entrepreneurship summit began in 2010 in Ireland and moved to Lisbon in 2016 for three years, with the possibility of being held in the Portuguese capital for another two years.


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Edition 1484
21 July 2018
Edition: 1484

Read this week's issue online exactly as it appears in print.



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