The monthly value of credit and debit transactions made in the United Kingdom (UK) fluctuated significantly between January 2014 to October 2024. After the global Covid-19 pandemic, UK consumers appear to have made significant efforts to spend less money. This is also evident when considering the total number of credit and debit transactions made in the UK during the same time.
Value of payment card transactions for payments in the United Kingdom (UK) from January 2014 to October 2024
(in billion GBP, and estimates in U.S. dollars)
The figures have been taken from several publications.
The USD figures have been calculated by Statista, based on GBP/USD annual averages from the Federal Reseve. This to allow for (rough) comparisons between various countries on specific payment methods.
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Statista, & UK Cards Association, & British Bankers’ Association, & UK Finance. (January 17, 2025). Value of payment card transactions for payments in the United Kingdom (UK) from January 2014 to October 2024 (in billion GBP, and estimates in U.S. dollars) [Graph]. In Statista. Retrieved February 11, 2025, from https://www.statista.com/statistics/283904/united-kingdom-uk-monthly-value-of-credit-and-debit-card-purchase-transactions/?__sso_cookie_checker=failed
Statista, und UK Cards Association, und British Bankers’ Association, und UK Finance. "Value of payment card transactions for payments in the United Kingdom (UK) from January 2014 to October 2024 (in billion GBP, and estimates in U.S. dollars)." Chart. January 17, 2025. Statista. Accessed February 11, 2025. https://www.statista.com/statistics/283904/united-kingdom-uk-monthly-value-of-credit-and-debit-card-purchase-transactions/?__sso_cookie_checker=failed
Statista, UK Cards Association, British Bankers’ Association, UK Finance. (2025). Value of payment card transactions for payments in the United Kingdom (UK) from January 2014 to October 2024 (in billion GBP, and estimates in U.S. dollars). Statista. Statista Inc.. Accessed: February 11, 2025. https://www.statista.com/statistics/283904/united-kingdom-uk-monthly-value-of-credit-and-debit-card-purchase-transactions/?__sso_cookie_checker=failed
Statista, and UK Cards Association, and British Bankers’ Association, and UK Finance. "Value of Payment Card Transactions for Payments in The United Kingdom (Uk) from January 2014 to October 2024 (in Billion Gbp, and Estimates in U.S. Dollars)." Statista, Statista Inc., 17 Jan 2025, https://www.statista.com/statistics/283904/united-kingdom-uk-monthly-value-of-credit-and-debit-card-purchase-transactions/?__sso_cookie_checker=failed
Statista & UK Cards Association & British Bankers’ Association & UK Finance, Value of payment card transactions for payments in the United Kingdom (UK) from January 2014 to October 2024 (in billion GBP, and estimates in U.S. dollars) Statista, https://www.statista.com/statistics/283904/united-kingdom-uk-monthly-value-of-credit-and-debit-card-purchase-transactions/?__sso_cookie_checker=failed (last visited February 11, 2025)
Value of payment card transactions for payments in the United Kingdom (UK) from January 2014 to October 2024 (in billion GBP, and estimates in U.S. dollars) [Graph], Statista, & UK Cards Association, & British Bankers’ Association, & UK Finance, January 17, 2025. [Online]. Available: https://www.statista.com/statistics/283904/united-kingdom-uk-monthly-value-of-credit-and-debit-card-purchase-transactions/?__sso_cookie_checker=failed