Daily average value of cross-border payments TARGET2-LU Luxembourg 2008-2019, by type
TARGET2-LU is the Luxembourg component of the TARGET2-system. In 2018, the system processed approximately 40 billion euros worth in cross-border payments per day. Like in other European countries, credit and debit cards are a popular form of digital payment methods for either physical purchases in brick-and-mortar-stores or for online purchases. In 2017, there were approximately 19 POS transactions per card in Luxembourg, compared to 123 in the Netherlands and 75 in Belgium.