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

The Bacs Payment Scheme Limited (Bacs) or originally the Bankers' Automated Clearing Service, is responsible for the clearing and settlement of automated payments such as direct debit and Bacs direct credit in the United Kingdom.

This statistic illustrates the total volume of payments through Bacs in the United Kingdom (UK) from the first quarter of 2014 to the second quarter of 2019. It can be seen that the total volume of payments through Bacs increased with some fluctuation during the period under observation, reaching a total of over 1.62 billion payments as of the second quarter of 2019.

Total volume of payments through the Bacs in the United Kingdom (UK) from 21st quarter 2014 to 2nd quarter 2019

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Sources

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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