Austria's payments are booming: 3.18 billion transactions 2024!

Austria's payments are booming: 3.18 billion transactions 2024!

In 2024, PSA Payment Services Austria GmbH achieved unprecedented success in payment transactions: Incredible 3.18 billion transactions were processed for Austrian banks. The number of almost 1.8 billion transactions with ATM cards stands out, which is a new record. David Ostah, Managing Director of the PSA, announced that the historical maximum value was reached on December 23, 2024, as an incredible 7.46 million transactions were registered in one day. These impressive figures show the significant increase in the use of digital payment methods, with 420 million transactions that already made 26 percent of the total payments, such as ots.at reported.

a security advance against phishing

In order to further strengthen trust in online payment transactions, the PSA, the Federal Criminal Police Office and Austrian banks have launched the action under the motto #10Tagegentphishing. This advance includes the spread of ten essential tips for the detection of phishing attempts to protect consumers. Thanks to the 2023 I, app that ensures uncomplicated identification in the online world, the user experience could be significantly improved. The app provides tested data to dealers and ensures that only real customers are acting with reviewed information, such as oesterreich.orf.at note.

The PSA has also successfully processed over 1.3 billion account-to-account transfers and more than 95 million identity service transactions. At a time when online purchases are increasing via smartphones, tablets and laptops, the safe identification of the users is of crucial importance in order to minimize the risk of fraud and to keep the safety of transactions in Austria at a high level.