Advertisement

Point of sale transactions surge to $1.1 trillion in value

 
The Planning Institute of Jamaica (PIOJ) says point of sale transactions surged last year, jumping 28% to 84 million transactions valued at $1.1 trillion.
 
That represents a 13.5% increase in the total value of transactions. 
 
But the economic and social survey shows a dip in the number of Jamaican dollar transactions at automated banking machines. 
 
The volume fell by 9% to 49 million but the value increased by 7.4%, reaching $829.5 billion. 
 
When it comes to US dollar transactions, the PIOJ says there was a significant decline at point of sale terminals, with volume down by 27%, to 3.1 million transactions, and the value falling 32% to $590.6 million. 
 
On the other hand, US dollar transactions at ABMs increased, up 9% in volume to 1.1 million and 1.7% in value, totalling $343.3 million.
 


comments powered by Disqus
Most Popular
Kenyan national murdered in Billy's Bay
Four arrested in $80 million scam targeting...
Trinidadian company opens Church's Texas...