IRELAND | Last week, Realex Payments published their quarterly update on Online Payment Trends and Transactions for the 2nd quarter of 2014. This update is based upon all transaction data that is processed by Realex Payments in the period from April to June.
Online Payment Trends and Transactions Q2 2014
Realex Payments' platform shows 39% growth in transactions for the second quarter compared with Q2 of 2013, with transactions totalling almost 49 million. The value of payments also increased by 28% to almost 7.3 billion euro compared with the same period in 2013. GBP, Euro and US Dollar remain the most popular payment currencies. Visa continues to dominate online payments, increasing its share of transactions to 83%, followed by MasterCard with 15% and American Express (1%).
Online Spending Pattern
The busiest time of day for transactions is between the hours of 12pm to 6pm and Friday is still the busiest day of the week for online spending. Friday 30th May was Realex' busiest day, as travel, hospitality and retail sectors all ramped up for the holiday season. On that day almost 1 million transactions were processed. Below you can find Realex Payments' infographic which highlights their core findings.
Realex Payments, headquartered in Dublin, is one of the leading international Payment Service Providers enabling ecommerce merchants to accept payments online. Realex, with regional offices in Paris and London, processes for more than 12,500 businesses active in over 30 countries. The Realex Payment gateway allows merchants to take card and local, alternative payment methods and supports multi-currency processing and real-time fraud scoring. Realex Payments has multiple merchant acquiring relationships including Global Payments, Elavon, First Data, HSBC, BNP Paribas and European Merchant Services. For more information visit Realex Payments website or connect with the Realex team via Twitter, Facebook or Linkedin.