The total amount of credit transfers, or wire transfers, made in the euro area has changed drastically throughout the 2010 to 2022 period. A continuous increase in the use of wire transfers took place during this period of time. In 2022, approximately 26 billion credit transfers were processed in the region.
Number of credit transfers in the Euro area from 2000 to 2022
(in millions)
All figures are provisional; The source significantly changed its database in November 2023. This may mean methodology changes, or not all EU-27 countries reporting the same figures.
Supplementary notes
The figures have been taken from several publications.
Credit transfers, or wire transfers, are a method of electronic funds transfer from one entity or person to another. This includes bank transfers, which rely on a secure system of messages (such as SWIFT) from the sending bank to the receiving bank.
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ECB. (November 9, 2023). Number of credit transfers in the Euro area from 2000 to 2022 (in millions) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/443104/cashless-transfer-payment-in-the-euro-area/
ECB. "Number of credit transfers in the Euro area from 2000 to 2022 (in millions)." Chart. November 9, 2023. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/443104/cashless-transfer-payment-in-the-euro-area/
ECB. (2023). Number of credit transfers in the Euro area from 2000 to 2022 (in millions). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/443104/cashless-transfer-payment-in-the-euro-area/
ECB. "Number of Credit Transfers in The Euro Area from 2000 to 2022 (in Millions)." Statista, Statista Inc., 9 Nov 2023, https://www.statista.com/statistics/443104/cashless-transfer-payment-in-the-euro-area/
ECB, Number of credit transfers in the Euro area from 2000 to 2022 (in millions) Statista, https://www.statista.com/statistics/443104/cashless-transfer-payment-in-the-euro-area/ (last visited August 25, 2024)
Number of credit transfers in the Euro area from 2000 to 2022 (in millions) [Graph], ECB, November 9, 2023. [Online]. Available: https://www.statista.com/statistics/443104/cashless-transfer-payment-in-the-euro-area/