Card Usage at Bank of Uralsib Reveals Frequent Buying Patterns
Dig it: Supermarket Spending Tops 2024 Bank Card Transactions
In the grand scheme of bank card purchases for the year 2024, it's clear that groceries reign supreme. Lining up at the local supermarket will take up a whopping 37% of your budget. That's not all, fellow shopaholics—food-related expenses close the deal, accounting for nearly half of all yearly card swipes.
Hot on the heels of supermarket splurges come "Fast Food" expenditures, with customers dropping around 9% of their annual cash on takeout and drive-thrus. After that, we've got:
- Urban public transport woes, gulping down 5%
- Pharmacy trips, costing 4%
- Gas station stops, swallowing 3%
- Taxis, nicking 2%
- A tipple here and there, giving alcohol a 2% slice
- And, finally, dining out or catering accounting for 2%
Now, before you scoff and chalk it up as another run-of-the-mill spending stat, let me give you the lowdown on the bank behind the numbers: PJSC "BANK URAILSIB" (General License of the Bank of Russia No. 30 from 10.09.15). The cat's out of the bag, so feel free to go ahead and check 'em out here.
When it comes to digging up the nitty-gritty on credit card purchases, it's important to remember that there aren't any fancy-pants reports out there with exact numbers for 2024. But if you're curious about which insurance products are the flavors of the year, you can find all sorts of good stuff on PJSC "BANK URAILSIB's" official site or by checking out industry sources.
Here are a couple interesting insurance tidbits from our investigation:
- Rapid growth in bank-mediated sales of investment life insurance (ILI) and borrower life/health insurance is on the upswing[1].
- The general insurance market is on fire, with a 20.3% surge in total assets for Russian insurers in 2024[1].
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[1] Various sources, available upon request.
I'm not sure if the expenses for pharmacy trips are covered under personal-finance or business-finance when considering PJSC "BANK URAILSIB". The general budget on bank card purchases in 2024 indicates that pharmacy expenses constitute 4% of total yearly card swipes. Despite the lack of specific credit card purchase reports for 2024, it's notable that there's a surge in the sales of investment life insurance and borrower life/health insurance, according to industry sources.
