WHAT ARE CARD SPENDING TRENDS IN THE UK?

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1 WHAT ARE CARD SPENDING TRENDS IN THE UK? View our infographics on card spending trends and transactions in the UK by clicking the buttons below ABOUT GLOBAL PAYMENTS DEBIT CARD TRENDS CREDIT CARD TRENDS CASH VERSUS CARD DEBATE CONTACTLESS IN THE UK ONLINE & MOBILE FOREIGN SPEND

2 ABOUT GLOBAL PAYMENTS We re one of the largest card processors in the world, operating in the UK and multiple countries globally. With over 40 years card processing experience we understand the needs of businesses both big and small. DEBIT CARD TRENDS

3 DEBIT CARD TRENDS Debit cards in issue increased by 3.6M ,689,000 99,281, ,129,000 With 2015 forecast to increase by 2.8% resulting in an additional 2.8 million debit cards in use Average Transaction Value for purchases on debit cards continues to increase year on year with an increase of 2.8% or 1.25 per transaction between and 2016 forecast (1.3% Increase) (1.5% Increase) 2.8% Average turnover per card for debit card point of sale terminals: 4% Increase 4% Increase 4% Increase Average turnover per debit card is increasing by around 4% year on year, with the average turnover forecast to be around 500 higher in 2016 compared to. 500 Number of transactions per debit card per year Forecast Forecast Forecast The number of transactions on debit cards is forecast to increase by nearly 5% between en and 2016, with an additional 5 transactions taking place per person per year. 5% CREDIT CARD TRENDS

4 CREDIT CARD TRENDS Credit cards in issue decreased 1.43% between and 1.43% 57,007,000 56,187, ,841,000 With a further decrease of 0.6% or 346,000 forecast by the end of 2015 The Average Transaction Value for purchases on credit cards has steadily decreased over the past few years with this trend forecast to continue with a 4.5% decrease or 2.57 less per transaction expected between and % DECREASE % DECREASE 2.3% DECREASE 2.3% DECREASE Average turnover per card for credit cards Average turnover on credit cards is forecast to increase by 9% between and % 220 with an average increase of around 5% year on year resulting in an additional 220 being spent on credit cards in Number of transactions per card per year for credit cards The number of transactions per credit 18% card is forecast to increase by 18% from to 2016 with an additional 7.8 transactions made per card. CASH VS CARD DEBATE

5 THE CARD VS CASH DEBATE V Cards are increasing in popularity and use, whilst cash usage is decreasing! Number of card transactions (debit and credit cards combined) 13,157M 13,814M 11% 11,558M 12,438M % INCREASE 5.7% INCREASE 4.9% INCREASE Card transactions are predicted to grow by 11% between and 2016 resulting in an additional 1.4 million transactions in ,400M Number of cash transactions 18,977M 18,398M 18,388M ,000 The number of cash transactions are reducing year on year, and are predicted to decrease by 589,000 between and The overall value of card payment transactions is increasing year on year ,006M 592,220M 627,901M 662,326M 6.7% INCREASE 6% INCREASE 5.4% INCREASE With around 35.5 million forecast to be spent additionally each year. 35M Value of cash transactions - 260,000M - 260,260M ,000M ,500M The value of card payments looks to grow by around 6% year on year, however cash payment value look set to stay flat. CONTACTLESS IN THE UK

6 CONTACTLESS IN THE UK Growth in number of Contactless cards 92,340,000 75,832,000 58,006,000 38,124, Did you know? The number of Contactless cards in use is expected to grow by over 34 million over the next 2 years. 34M UK consumers used their Contactless cards million times last year M Spending on Contactless cards more than trebled over the last year to reach a record 2.32 BILLION in. Contactless total spend in was more than double that of all the previous six years combined. 10 Contactless transactions take place every second. 10 EVERY SECOND! ONLINE & MOBILE Data and statistics provided by The UK Cards Association 2015

7 ONLINE & MOBILE 10M Online spend is forecast to grow by around 10 million a year. - 91,125M - 105,380M ,288M ,956M By 2019 online consumers are forecast to spend 203,234 million online, doubling spend in 5 years 8bn was spent via mobiles during the Christmas period, compared to 5.1bn the year before. Sales on a mobile device represented 37% of online sales and an estimated 8.9% of total retail sales. 37% Cap Gemini report, January 2015 FOREIGN SPEND

8 FOREIGN SPEND Provisional figures from Visit Britain suggest 21.7bn was spent by overseas visitors to Britain in 21.7BN There will be 35.1 million overseas visitors in 2015, spending around 22.2bn Overview of UK visitor statistics in * Visit Britain Stats 2015 Number of visits Total expenditure (GBP) Average spend per visit (GBP) 34.38m 21.85bn 636 Change from last year Seasonality of UK visitors Total 34.4 million January-March..... April-June July-September..... October-December m 9.49m 10.03m 8.05m 23.4% 29.2% 19.8% 27.6% 1.9% 6.2% Journey purpose 28.4% 24% 39.5% Holiday m Business m Visit family/friends. 9.76m Study m Miscellaneous m CONTENTS