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 2014 to August 2024
(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. (November 18, 2024). Value of payment card transactions for payments in the United Kingdom (UK) from January 2014 to August 2024 (in billion GBP, and estimates in U.S. dollars) [Graph]. In Statista. Retrieved December 22, 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 2014 to August 2024 (in billion GBP, and estimates in U.S. dollars)." Chart. November 18, 2024. Statista. Accessed December 22, 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. (2024). Value of payment card transactions for payments in the United Kingdom (UK) from January 2014 to August 2024 (in billion GBP, and estimates in U.S. dollars). Statista. Statista Inc.. Accessed: December 22, 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 2014 to August 2024 (in Billion Gbp, and Estimates in U.S. Dollars)." Statista, Statista Inc., 18 Nov 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, Value of payment card transactions for payments in the United Kingdom (UK) from January 2014 to August 2024 (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 December 22, 2024)
Value of payment card transactions for payments in the United Kingdom (UK) from January 2014 to August 2024 (in billion GBP, and estimates in U.S. dollars) [Graph], Statista, & UK Cards Association, & British Bankers’ Association, & UK Finance, November 18, 2024. [Online]. Available: https://www.statista.com/statistics/283904/united-kingdom-uk-monthly-value-of-credit-and-debit-card-purchase-transactions/
