what are card spending trends in the uk?€¦ · cash vs card debate take a look at credit card...

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


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


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%


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

£



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


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


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



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 card spending trends in the uk?€¦ · cash vs card debate take a look at credit card...

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