Lifestyle

Vladimir Residents Use ATMs Same Frequently, but Withdraw Larger Amounts of Money

The trend of the last year has been to "throw" money into the account

In the Vladimir region, the average amount withdrawn from ATMs increased from 9167 to 9823 rubles over the year, it follows from the information published by the regional Bank of Russia.

In the first half of 2021, residents of the Vladimir region withdrew money from ATMs 9.6 million times for a total of 94.3 billion rubles. During the same period last year, citizens used ATMs with the same frequency, but withdrew a total of 88 billion rubles. It can be assumed that the part of citizens who prefer to use cashless payment is not giving it up even with a reduction in the number and availability of ATMs, as well as against the background of the spread of payment terminals. Now there are 38.2 thousand payment card devices installed in stores in the region.

Another significant trend in the financial behavior of Vladimir citizens is the growing popularity of “card-to-card” transfers. In the first six months of the year, the region’s residents made 37 million such transactions, which is 60% higher than the same period last year.

The trend for citizens to switch to cashless payment also continues. If five years ago the Vladimir citizens mostly used bank cards to withdraw cash, now the number of cashless transactions exceeds the number of purchases with paper money by 20 times.

The average cashless transaction receipt continues to decline slowly and is 657 rubles in the Vladimir region in the first half of 2021. In total, the region’s residents used cards to pay for services 188 million times during this period, spending 123.5 billion rubles. In the first half of 2020, the Bank of Russia counted 138.6 million transactions in the region for a total of 86.5 billion rubles.

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