Card transactions by UK cardholders both in the UK and overseas were significantly lower in 2020 than in previous years, likely due to the COVID-19. Having grown for several years in a row, the pandemic caused card spending to decline by 15 percent as the source observed that declines occurred in early 2021 as well as late 2021 - probably around the time that lockdowns were in effect in the United Kingdom.
Combined value of credit card and debit card transactions in the United Kingdom (UK) from 2009 to 2020
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UK Finance. (October 8, 2021). Combined value of credit card and debit card transactions in the United Kingdom (UK) from 2009 to 2020 [Graph]. In Statista. Retrieved November 03, 2024, from https://www.statista.com/statistics/283956/united-kingdom-uk-value-of-credit-and-debit-card-purchase-transactions/
UK Finance. "Combined value of credit card and debit card transactions in the United Kingdom (UK) from 2009 to 2020." Chart. October 8, 2021. Statista. Accessed November 03, 2024. https://www.statista.com/statistics/283956/united-kingdom-uk-value-of-credit-and-debit-card-purchase-transactions/
UK Finance. (2021). Combined value of credit card and debit card transactions in the United Kingdom (UK) from 2009 to 2020. Statista. Statista Inc.. Accessed: November 03, 2024. https://www.statista.com/statistics/283956/united-kingdom-uk-value-of-credit-and-debit-card-purchase-transactions/
UK Finance. "Combined Value of Credit Card and Debit Card Transactions in The United Kingdom (Uk) from 2009 to 2020." Statista, Statista Inc., 8 Oct 2021, https://www.statista.com/statistics/283956/united-kingdom-uk-value-of-credit-and-debit-card-purchase-transactions/
UK Finance, Combined value of credit card and debit card transactions in the United Kingdom (UK) from 2009 to 2020 Statista, https://www.statista.com/statistics/283956/united-kingdom-uk-value-of-credit-and-debit-card-purchase-transactions/ (last visited November 03, 2024)
Combined value of credit card and debit card transactions in the United Kingdom (UK) from 2009 to 2020 [Graph], UK Finance, October 8, 2021. [Online]. Available: https://www.statista.com/statistics/283956/united-kingdom-uk-value-of-credit-and-debit-card-purchase-transactions/
