Faster Payment: volume of forward dated payments in the United Kingdom (UK) 2017-2019
total FPS payments, including standing orders, single immediate 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.
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 the scheme in the United Kingdom (UK) from September 2017 to December 2019. During this period, the value of payments increased from almost 16.8 million in September 2017, to almost 25.1 million in December 2019. In the same month, the