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 return payments through the scheme in the United Kingdom (UK) from September 2017 to December 2019. During this period, the value of payments fluctuated between 80 million British pounds (February 2017), and 149 million British pounds (April 2018 and 2019). As of December 2019, the FPS return payments amounted to 117 million British pounds. In the same month, the total FPS payments, including standing orders, forward dated payments, return payments and single immediate 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.
Value of return payments through Faster Payment Scheme in the United Kingdom (UK) from November 2015 to December 2019
(in million GBP)
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Payments Council. (January 13, 2020). Value of return payments through Faster Payment Scheme in the United Kingdom (UK) from November 2015 to December 2019 (in million GBP) [Graph]. In Statista. Retrieved July 23, 2024, from https://www.statista.com/statistics/291898/value-of-return-payments-through-fps-in-the-united-kingdom/
Payments Council. "Value of return payments through Faster Payment Scheme in the United Kingdom (UK) from November 2015 to December 2019 (in million GBP)." Chart. January 13, 2020. Statista. Accessed July 23, 2024. https://www.statista.com/statistics/291898/value-of-return-payments-through-fps-in-the-united-kingdom/
Payments Council. (2020). Value of return payments through Faster Payment Scheme in the United Kingdom (UK) from November 2015 to December 2019 (in million GBP). Statista. Statista Inc.. Accessed: July 23, 2024. https://www.statista.com/statistics/291898/value-of-return-payments-through-fps-in-the-united-kingdom/
Payments Council. "Value of Return Payments through Faster Payment Scheme in The United Kingdom (Uk) from November 2015 to December 2019 (in Million Gbp)." Statista, Statista Inc., 13 Jan 2020, https://www.statista.com/statistics/291898/value-of-return-payments-through-fps-in-the-united-kingdom/
Payments Council, Value of return payments through Faster Payment Scheme in the United Kingdom (UK) from November 2015 to December 2019 (in million GBP) Statista, https://www.statista.com/statistics/291898/value-of-return-payments-through-fps-in-the-united-kingdom/ (last visited July 23, 2024)
Value of return payments through Faster Payment Scheme in the United Kingdom (UK) from November 2015 to December 2019 (in million GBP) [Graph], Payments Council, January 13, 2020. [Online]. Available: https://www.statista.com/statistics/291898/value-of-return-payments-through-fps-in-the-united-kingdom/
