The daily average number of processed cross-border payments in Luxembourg through RTGS kept on increasing in 2020. TARGET2 is a system that is used by European central banks and commercial banks to process payment orders in real time (also known as real-time gross settlement or RTGS). In essence, the system allows for the free flow of large-value money transactions between banks from different countries and a harmonized monetary policy in Europe. Retail payments, such as payments with credit cards, are processed by another system though: the Single Euro Payments Area or SEPA.
TARGET2-LU is the Luxembourg component of the TARGET2-system. In 2018, the system processed approximately cross-border payments per day. Like in other European countries, credit and debit cards are a popular form of digital payment methods for either physical purchases in brick-and-mortar-stores or for online purchases. In 2017, there were approximately **POS transactions per card in Luxembourg, compared to *** in the Netherlands and ** in Belgium.
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Banque centrale du Luxembourg. (January 1, 2021). Daily average number of processed cross-border payments through RTGS-system TARGET2-LU in Luxembourg from 2008 to 2020, by type [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved August 01, 2026, from /statistics/592242/daily-average-number-of-cross-border-rtgs-payments-luxembourg-by-type/
Banque centrale du Luxembourg. "Daily average number of processed cross-border payments through RTGS-system TARGET2-LU in Luxembourg from 2008 to 2020, by type." Chart. January 1, 2021. ÌÇÐÄÆƽâ°æ. Accessed August 01, 2026. /statistics/592242/daily-average-number-of-cross-border-rtgs-payments-luxembourg-by-type/
Banque centrale du Luxembourg. (2021). Daily average number of processed cross-border payments through RTGS-system TARGET2-LU in Luxembourg from 2008 to 2020, by type. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 01, 2026. /statistics/592242/daily-average-number-of-cross-border-rtgs-payments-luxembourg-by-type/
Banque centrale du Luxembourg. "Daily Average Number of Processed Cross-border Payments through Rtgs-system Target2-lu in Luxembourg from 2008 to 2020, by Type." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 1 Jan 2021, /statistics/592242/daily-average-number-of-cross-border-rtgs-payments-luxembourg-by-type/
Banque centrale du Luxembourg, Daily average number of processed cross-border payments through RTGS-system TARGET2-LU in Luxembourg from 2008 to 2020, by type ÌÇÐÄÆƽâ°æ, /statistics/592242/daily-average-number-of-cross-border-rtgs-payments-luxembourg-by-type/ (last visited August 01, 2026)
Daily average number of processed cross-border payments through RTGS-system TARGET2-LU in Luxembourg from 2008 to 2020, by type [Graph], Banque centrale du Luxembourg, January 1, 2021. [Online]. Available: /statistics/592242/daily-average-number-of-cross-border-rtgs-payments-luxembourg-by-type/
