Tag Archives: The UK Cards Association

UK Finances launches, represents 300 companies in the UK

From this week, the finance and banking industry operating in the UK will be represented by a new trade association, UK Finance. UK Finance will represent over 300 firms in the UK providing credit, banking, markets and payment-related services. Its members offer a wide range of financial and advisory services across both mutual and corporates, […]

Continue Reading

Card payments more than double in 10 years

The number of purchases using debit and credit cards has more than doubled in the past 10 years, as contactless payments and online retail have driven a change in the way consumers pay, a new report from The UK Cards Association shows. Debit and credit cards were used to make 16.4 billion purchases in 2016, […]

Continue Reading

UK Contactless payments up almost £18 billion in 2016 from previous year

Consumers spent £647 billion using payment cards in 2016, new figures show. There were 14.8 billion card transactions in 2016, equivalent to 40.5 million transactions a day or 469 a second, data from The UK Cards Association shows. Three-quarters of retail spending (76.4 per cent) was on payment cards. Retail spending on cards in 2016 […]

Continue Reading

One in four card payments now contactless

A quarter of all card transactions are now made via contactless, new figures from The UK Cards Association show. 325 million purchases were made using contactless debit and credit cards in November 2016, accounting for 25 per cent of all card payments in the month. The rise in contactless payments led to a record £2.9 […]

Continue Reading

Fifth of all UK card payments now contactless

One in five card payments are now made via contactless, new figures show. Contactless cards were used for 21 per cent of card payments in August 2016, totaling £2.3 billion, figures from The UK Cards Association reveal. In August 2015, they were used for just 7.9 per cent of card purchases. The average contactless card […]

Continue Reading

Contactless spending passes £2 billion in July

Monthly contactless card spending has passed the £2 billion mark, new figures from The UK Cards Association show. Contactless payments totaled £2.1 billion in July as the number of contactless transactions grew by almost 10 per cent in the month to reach 240 million. 19 per cent of all card payments were made using contactless […]

Continue Reading