Inside the venue, more than 78,000 transactions were made with an average value of €12.30.
SIBS was once again Web Summit’ Exclusive Cashless Event Partner, in yet another edition that had a positive impact on the Lisbon district’s economy, with a 6.4% growth in total transactions compared to last year. The data provided by SIBS Analytics shows that, when analyzing only foreign card transactions, growth was of 1%.
Food & Drink is at the top of the sectors with the most activity by foreigners, with over 40% of transactions. Supermarkets followed with 18% of transactions, and the passenger’s transportation sector with around 5%. The average ticket was €34. If we isolate only the data from foreign cards, the average was €36.
Looking at transactions inside the Web Summit venue, SIBS Analytics recorded more than 78,000 transactions, with an average ticket of €12.30. Of the total number of transactions, 79% were made by cards of 110 different nationalities. In the TOP 5 nationalities, the United Kingdom once again took first place, with 10.9% of foreign transactions, followed by Germany (9.5%), the United States of America (5.9%) and Ukraine (5.8%).
In general, during the three days, lunchtime (1p.m.) was the time with the most transactions. The first day, November 12th, stood out with 6,806 transactions, followed by the 13th with 6,328 at this time. The last day registered just 4,345 transactions.
SIBS ensured another cashless edition of the Web Summit, providing more than 250 payment terminals and exclusive dedicated teams, ensuring the entire infrastructure and payment solutions at the venue.
These and other indicators can be analyzed in the attached infographic.
