Faster Payment: value of forward dated payments in the United Kingdom (UK) 2017-2019

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 shows the total value of forward dated payments through Faster Payments Scheme in the United Kingdom (UK) from September 2017 to December 2019. During this period, the value of payments increased from over 33.8 billion British pounds in September 2017, to approximately 49.3 billion British pounds in December 2019. In the same month, the total FPS payments, including standing orders, single immediate payments, and return payments were nearly 171 billion British pounds. More in-depth information could be found in the Statista dossier on payment instruments in the UK and Ireland.