Figures reveal significant rise in number of card payments made by consumers

By A P Robinson & Co | Posted: 10 Aug 2017

Data published by UK Finance has revealed that card spending totalled £57.1 billion in June – representing a 7% rise when compared to a year earlier. 1.4 billion card payments were made in June, which constitutes a 12% rise when compared to the same time last year.

Contactless payments accounted for 34% of all card transactions, the data found. Online payments constituted 13% of all transactions.

Spending in the retail sector rose by £19 million during June, to total £26.1 billion. Spending on food and drink increased to £10 billion in June.

Meanwhile, services sector spending rose by £138 million to reach £31 billion.

Richard Koch, Head of Cards at UK Finance, said: ‘Contactless payments accounted for a third of transactions in June, with consumers continuing to use their cards for lower value purchases.

‘While spending recorded a relatively modest monthly growth, the number of transactions rose at a faster rate with some 46 million card purchases made every day.’

Professional & Support Services News
Share Article

Grimsby News

Here's what the UK's largest offshore wind farm hub will look like - on Grimsby's Royal Dock

Hull & East Riding News

Offshore Wind Connections 2018 is open for business as it checks in to new Hull venue

Scunthorpe News

British Steel boss calls for quick Government support as he addresses national conference

Your News

Would you want your employees working from home? Read more in our Your News special report