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Tunisia: bank cards 11% up , CAT in the lead!

According to a report released by the Tunisian Professional Association of Banks and Financial Institutions (APTBEF) on the development of Tunisia banking indicators, the pace of issuing bank cards has developed during the first nine months of this year (2008). The document specified that the number of cards has reached 1,818,888, recording an increase of 189,892 cards, i.e. 11.66% compared to 2007. During the first nine months of the previous year (2007), the increase of the number of cards stood at 235,475 cards i.e. 17.7% compared to 2006. 

The objective set for 2009 is to reach 2.5 million cards. Meanwhile, the biggest change has involved Touristic Allowance Cards (CAT), which recorded an evolution of 112.2% from 5233 in 2007, to 9869 during 2008 first nine months. The share of direct debit cards went up to 90.6% in September 2008, against 84.9%  late 2007. The changing structure of payment cards up to late September 2008, shows a sustained increase in Visa and MC compared to that of the IPC card. Meanwhile, shares of IPC and VISA cards fell respectively by 3.4 and 1.2 points, while that of the MC card has increased by 0.2 .

As far as DABs / GABS are concerned, 81 new cash dispensers were set up during 2008 first nine months bringing the total to 1178  ( 6.4% of which are not located in bank branches ) against 1097  late September 2007. The monthly average increase stands at a 7.4% rate or 9 new DABs per month. The number of installed cash dispensers (1089, except those of  the National Post Office , is less than that of  bank branches  whose number has reached 1103, late  September


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