Bacs: total value of payments in the United Kingdom (UK) Q1 2014-Q2 2019

Published by Statista Research Department, Mar 15, 2022
This statistic illustrates the total value of payments made through the Bacs system in the United Kingdom (UK) from the first quarter of 2014 to the second quarter of 2019. It can be seen that the value of all payments made via Bacs increased with some fluctuation during the period under observation, reaching over 1.25 trillion British pounds as of the second quarter of 2019. The largest value of payments through Bacs was found in the fourth quarter of 2018, when payments reaching a value of almost 1.26 trillion British pounds were recorded.

Total value of payments through the Bacs system in the United Kingdom (UK) from 1st quarter 2014 to 2nd quarter 2019 (in billion GBP)

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Release date

September 2019

Region

United Kingdom

Survey time period

1st quarter 2014 to 2nd quarter 2019

Supplementary notes

Bacs: also known as Bacs Payment Schemes Limited or Bankers' Automated Clearing Services.

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