Post on 11-Oct-2020
WHAT ARE CARD SPENDING TRENDS IN THE UK?
DEBIT CARD TRENDS
CONTACTLESS IN THE UK
CREDIT CARD TRENDS
ONLINE & MOBILE
CASH VERSUS CARD DEBATE
FOREIGN SPEND
ABOUT GLOBAL PAYMENTS
View our infographics on card spending trends and transactions in the UK by clicking the buttons below
ABOUT GLOBAL PAYMENTS
DEBIT CARD TRENDSTAKE A LOOK AT
We’re one of the largest card processors in the world, operating in the UK and multiple countries globally.
rating inrating ries globries globobally. globally.
With over 40 years card processing experience we understand the needs of businesses both big and small.
WHAT ARE THE CARD SPENDING TRENDS AND TRANSACTIONS IN THE UK?
DEBIT CARD TRENDS
3.6MDebit cards inissue increased by
2.8%With 2015 forecastto increase by
95,689,0002013
2014
2015
99,281,000
102,129,000
resulting in anadditional 2.8 million debit cards in use.
Average Transaction Value for purchases on debit cards continues to increase year on year with an increase of 2.8% or £1.25 per transaction between 2014 and 2016 forecast.
2013 - £44.02
2013
£4137 £4306 £4646
2014 2016
2014 - £44.062015 - £44.64 (1.3% Increase)2016 - £45.31 (1.5% Increase)
Average turnover per card for debit card point of sale terminals:
4% In
crea
se
4% In
crea
se
4% In
crea
se
£4475
2015
Average turnover per debit card is increasing by around 4% year on year, with the average turnover forecast to be around £500 higher in 2016 compared to 2013.
£500
The number of transactions on debit cards is forecast to increase by nearly 5% between 2014 and 2016, with an additional 5 transactions taking place per person per year.
Number of transactions per debit card per year
20142013
20152016
93.98
97.73
100.26
102.56
5%CREDIT CARD TRENDSTAKE A LOOK AT
2.8%
n
en
ng
Forecast
Forecast
Forecast
Data and statistics provided by TiMetric data analytics 2015
WHAT ARE THE CARD SPENDING TRENDS AND TRANSACTIONS IN THE UK?
CASH VS CARD DEBATETAKE A LOOK AT
CREDIT CARD TRENDS
£2209%
Credit cards in issue decreased 1.43% between 2013 and 2014
1.43%2014 56,187,000
2015 55,841,000
57,007,0002013
With a further decrease of 0.6% or 346,000 forecast by the end of 2015
4.5%
The Average Transaction Value for purchases on credit cards has steadily decreased over the past few years...
with this trend forecast to continue with a 4.5% decrease or £2.57 less per transaction expected between 2014 and 2016.
2014
2016
DECREASE
£2.572013
£58.37
2014
£56.99
2.4%DECREASE
2015
2.3%DECREASE
£55.68
2016
2.3%DECREASE
£54.42
Average turnover per card for credit cards
Average turnover on credit cards is forecast to increase by 9% between 2014 and 2016...
with an average increase of around 5% year on year resulting in an additional £220 being spent on credit cards in 2016.
Number of transactions per card per year for credit cards
2013
39.94
43.47
46.77
51.28
2014 2015 2016
Data and statistics provided by TiMetric data analytics 2015
The number of transactions per credit card is forecast to increase by 18% from 2014 to 2016 with an additional 7.8 transactions made per card. 18%
WHAT ARE THE CARD SPENDING TRENDS AND TRANSACTIONS IN THE UK?
The overall value of cardpayment transactions isincreasing year on year...
Value of cash transactions
THE CARD VS CASH DEBATE
V£
Cards are increasing in popularity and use, whilst cash usage is
decreasing!
Number of card transactions (debit and credit cards combined)
11%
11,558M
12,438M
13,157M
13,814M
2013 2014 2015 20167.6%
INCREASE5.7%
INCREASE4.9%
INCREASE
Card transactions are predicted to grow by 11% between 2014 and 2016 resulting in an additional 1.4 million transactions in 2016.
Number of cash transactions19,400M
18,977M
2013 2014 2015 2016
The number of cash transactions are reducing year on year, and are predicted to decrease by 589,000 between 2014 and 2016.
£
£
18,398M18,388M
589,000
££ £ £ £2013 2014 2015 2016
£555,006M £592,220M £627,901M £662,326M
6.7% INCREASE 6% INCREASE 5.4% INCREASE
CONTACTLESS IN THE UKTAKE A LOOK AT
With around £35.5 million forecast to be spent additionally each year.
The value of card payments looks to grow by around 6% year on year, however cash payment
value look set to stay flat.
£35MValue of cash
£
2013 - £260,000M 2014 - £260,260M2015 - £261,000M2016 - £260,500M
£
Data and statistics provided by TiMetric data analytics 2015
WHAT ARE THE CARD SPENDING TRENDS AND TRANSACTIONS IN THE UK?
ONLINE & MOBILETAKE A LOOK AT
319.2M
Did you know?The number of Contactless cards in use is expected to grow by over 34 million over the next 2 years.
UK consumers used their Contactless cards 319.2 million times last year.
Spending on Contactless cards more than trebled over the last year to reach a record
£2.32 BILLION in 2014.
Contactless total spend in 2014 was more than double that of all the previous six years combined.
10 EVERYSECOND!
10 Contactless transactions take place every second.
Growth in number of Contactless cards
CONTACTLESS IN THE UK
2013 2014 2015 2016
38,124,000
58,006,000
75,832,000
92,340,000
34M
Data and statistics provided by The UK Cards Association 2015
WHAT ARE THE CARD SPENDING TRENDS AND TRANSACTIONS IN THE UK?
ONLINE & MOBILE
Online spend is forecast to grow by around £10 million a year.
2013 - £91,125M
2014 - £105,380M
2015 - £121,288M
2016 - £131,956M
2019By
online consumers are forecast to spend £203,234 million online, doubling spend in 5 years
Data and statistics provided by TiMetric data analytics 2015
FOREIGN SPEND TAKE A LOOK AT
Sales on a mobile device represented 37% of online sales and an estimated 8.9% of total retail sales.
Cap Gemini report, January 2015
£8bn was spent via mobiles during the 2014 Christmas period, compared to £5.1bn the year before.
37%
£10M
Data and statistics provided by TiMetric data analytics 2015
WHAT ARE THE CARD SPENDING TRENDS AND TRANSACTIONS IN THE UK?
Overview of UK visitor statistics in 2014
FOREIGN SPEND
There will be 35.1 million overseas visitors in 2015, spending around £22.2bn
CONTENTSTAKE A LOOK AT
Provisional figures from Visit Britain suggest £21.7bn was spent by overseas visitors to Britain in 2014
Number of visits
Total expenditure (GBP)
Average spend per visit (GBP)
Change from last year
January-March . . . . .April-June . . . . . . . . . .July-September . . . . .October-December . .
Holiday . . . . . . . . . . . 13.58mBusiness . . . . . . . . . . 8.28mVisit family/friends . 9.76mStudy . . . . . . . . . . . . . 0.64mMiscellaneous . . . . . 2.12m
*Visit Britain Stats 2015
£21.7BN2014
Seasonality of UK visitors 2014Total 34.4 million
Journey purpose 2014
£34.38m
£636£21.85bn
6.2%
19.8%
27.6%29.2%
23.4%
39.5%
24%
28.4%
1.9%
6.81m9.49m10.03m8.05m
WHAT ARE THE CARD SPENDING TRENDS AND TRANSACTIONS IN THE UK?