The monthly value of credit and debit transactions made in the United Kingdom (UK) fluctuated significantly between January 2014 to July 2023. After the global Covid-19 pandemic, UK consumers appear to have made significant efforts to spend less money. This is also evident when considering the total number of credit and debit transactions made in the UK during the same time.
Value of payment card transactions for payments in the United Kingdom (UK) from January 2000 to July 2023
(in billion GBP, and estimates in U.S. dollars)
The figures have been taken from several publications.
The USD figures have been calculated by Statista, based on GBP/USD annual averages from the Federal Reseve. This to allow for (rough) comparisons between various countries on specific payment methods.
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Statista, & UK Cards Association, & British Bankers’ Association, & UK Finance. (October 20, 2023). Value of payment card transactions for payments in the United Kingdom (UK) from January 2000 to July 2023 (in billion GBP, and estimates in U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/283904/united-kingdom-uk-monthly-value-of-credit-and-debit-card-purchase-transactions/
Statista, und UK Cards Association, und British Bankers’ Association, und UK Finance. "Value of payment card transactions for payments in the United Kingdom (UK) from January 2000 to July 2023 (in billion GBP, and estimates in U.S. dollars)." Chart. October 20, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/283904/united-kingdom-uk-monthly-value-of-credit-and-debit-card-purchase-transactions/
Statista, UK Cards Association, British Bankers’ Association, UK Finance. (2023). Value of payment card transactions for payments in the United Kingdom (UK) from January 2000 to July 2023 (in billion GBP, and estimates in U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/283904/united-kingdom-uk-monthly-value-of-credit-and-debit-card-purchase-transactions/
Statista, and UK Cards Association, and British Bankers’ Association, and UK Finance. "Value of Payment Card Transactions for Payments in The United Kingdom (Uk) from January 2000 to July 2023 (in Billion Gbp, and Estimates in U.S. Dollars)." Statista, Statista Inc., 20 Oct 2023, https://www.statista.com/statistics/283904/united-kingdom-uk-monthly-value-of-credit-and-debit-card-purchase-transactions/
Statista & UK Cards Association & British Bankers’ Association & UK Finance, Value of payment card transactions for payments in the United Kingdom (UK) from January 2000 to July 2023 (in billion GBP, and estimates in U.S. dollars) Statista, https://www.statista.com/statistics/283904/united-kingdom-uk-monthly-value-of-credit-and-debit-card-purchase-transactions/ (last visited November 21, 2024)
Value of payment card transactions for payments in the United Kingdom (UK) from January 2000 to July 2023 (in billion GBP, and estimates in U.S. dollars) [Graph], Statista, & UK Cards Association, & British Bankers’ Association, & UK Finance, October 20, 2023. [Online]. Available: https://www.statista.com/statistics/283904/united-kingdom-uk-monthly-value-of-credit-and-debit-card-purchase-transactions/
