Italians and payment cards: moving towards prudence:
- The number of credit and debit cards in circulation in Italy remained stable, but the number of active credit cards decreased (-5.7% in 2009). The activity rate also went down to 45% of the total.
- The issue and circulation of revolving cards reduced by -36.7% and
-10.2% respectively compared to the previous year, with flexible credit cards with optional repayment cover being the preferred choice.
These are the key findings of the eighth edition of the Credit Card Survey produced by Assofin, CRIF Decision Solutions and GfK Eurisko. To read the full story click on this link