The Faster Payment Scheme (FPS) is a payment service that enables the quick and secure transaction of mobile, internet, telephone and standing order payments. This statistic illustrates the total volume of single immediate payments made though the scheme in the United Kingdom (UK) from September 2017 to December 2019. During this period, the volume of payments increased from over 91 million in September 2017, to almost 197 million in December 2019. In the same month, the total FPS payments, including standing orders, forward dated payments and return payments were nearly 227 million. More in-depth information could be found in the Statista dossier on payment instruments in the UK and Ireland.
Volume of single immediate payments through Faster Payment Scheme in the United Kingdom (UK) from September 2017 to December 2019
(in 1,000)
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Payments Council. (January 13, 2020). Volume of single immediate payments through Faster Payment Scheme in the United Kingdom (UK) from September 2017 to December 2019 (in 1,000) [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/291830/volume-of-standing-order-payments-through-fps-in-the-united-kingdom/
Payments Council. "Volume of single immediate payments through Faster Payment Scheme in the United Kingdom (UK) from September 2017 to December 2019 (in 1,000)." Chart. January 13, 2020. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/291830/volume-of-standing-order-payments-through-fps-in-the-united-kingdom/
Payments Council. (2020). Volume of single immediate payments through Faster Payment Scheme in the United Kingdom (UK) from September 2017 to December 2019 (in 1,000). Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/291830/volume-of-standing-order-payments-through-fps-in-the-united-kingdom/
Payments Council. "Volume of Single Immediate Payments through Faster Payment Scheme in The United Kingdom (Uk) from September 2017 to December 2019 (in 1,000)." Statista, Statista Inc., 13 Jan 2020, https://www.statista.com/statistics/291830/volume-of-standing-order-payments-through-fps-in-the-united-kingdom/
Payments Council, Volume of single immediate payments through Faster Payment Scheme in the United Kingdom (UK) from September 2017 to December 2019 (in 1,000) Statista, https://www.statista.com/statistics/291830/volume-of-standing-order-payments-through-fps-in-the-united-kingdom/ (last visited December 23, 2024)
Volume of single immediate payments through Faster Payment Scheme in the United Kingdom (UK) from September 2017 to December 2019 (in 1,000) [Graph], Payments Council, January 13, 2020. [Online]. Available: https://www.statista.com/statistics/291830/volume-of-standing-order-payments-through-fps-in-the-united-kingdom/
