The period 27 November to 23 December 2020 has seen steady performance in the payments division, with GBP:USD FX pair transactions growing 43% in volume, however the company did see a slowdown in incoming EUR deposits of around 18%. Overall, the number of active multicurrency accounts grew by 5% over the past 25 days, and the Company expects the take up rate to increase significantly in the New Year supported by sales and marketing activities.
There has been a 10% increase in the numbers of cards in circulation, while average transaction values per card for the period was £219, down from the previous monthly average spend per card of £340. Spending levels per card have been volatile over 2H2020, which the Management Team believes is related to the fluctuating Covid lockdown measures. Overall however, the Payment Services business has proved resilient to the implications of Covid containment measures to date, and similarly, the proposed post-Brexit trade deal is not e