In 2023, the number of direct debit payments made in Luxembourg surged and reached over 36 million. This was not only the highest recorded figure since 2000, but it was also a significant increase compared to the previous year. After the fall in 2014 to 14.91 million, the banking industry in Luxembourg saw an overall upward trend in terms of the number of debit transactions.
Number of direct debit transactions in Luxembourg from 2000 to 2023
(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.
Direct debit allows for the automatic deduction of money from one's bank account in order to pay regular bills - based on a prior authorization.
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ECB. (July 25, 2024). Number of direct debit transactions in Luxembourg from 2000 to 2023 (in millions) [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/443330/direct-debit-payment-in-luxembourg/
ECB. "Number of direct debit transactions in Luxembourg from 2000 to 2023 (in millions)." Chart. July 25, 2024. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/443330/direct-debit-payment-in-luxembourg/
ECB. (2024). Number of direct debit transactions in Luxembourg from 2000 to 2023 (in millions). Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/443330/direct-debit-payment-in-luxembourg/
ECB. "Number of Direct Debit Transactions in Luxembourg from 2000 to 2023 (in Millions)." Statista, Statista Inc., 25 Jul 2024, https://www.statista.com/statistics/443330/direct-debit-payment-in-luxembourg/
ECB, Number of direct debit transactions in Luxembourg from 2000 to 2023 (in millions) Statista, https://www.statista.com/statistics/443330/direct-debit-payment-in-luxembourg/ (last visited November 23, 2024)
Number of direct debit transactions in Luxembourg from 2000 to 2023 (in millions) [Graph], ECB, July 25, 2024. [Online]. Available: https://www.statista.com/statistics/443330/direct-debit-payment-in-luxembourg/
