Three things you should know about card payments

Issue 448 | 3 February 2023

Three things you should know about card payments

Whether physically in your wallet or virtually on your phone card payments are central to the way we pay for the goods and services that we consume.

Here are three facts you should know about card payments in the UK….

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1: There are 101 million cards in issue to UK residents

Source: UK Finance

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2: Over 2 billion debit card transactions are made by UK card holders each month both in the UK and overseas

There were 2.2 billion debit card transactions in October, 12.4 per cent more than in October 2021. The total spend of £66.6 billion was 9.1 per cent higher than October 2021.