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Number of payments in the United Kingdom in 2016, with a forecast for 2026, by method (in millions)

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Source

Release date

October 2017

Region

United Kingdom

Survey time period

2017

Supplementary notes

* The source adds the following information: "Faster Payments totals include remote banking payments cleared in-house."

**2026 forecast of consumer spending behavior

***The source adds the following information: "The contactless card payments shown here are a subset of the debit and credit card payments, not additional payments."

Citation formats

Payment methods in in the UK in 2016, with a forecast for 2026

Published by ÌÇÐÄÆƽâ°æ Research Department, Oct 1, 2017
This statistic shows the overall payments made by consumers in the United Kingdom (UK) in 2016 by payment method against a 2026 forecast of how payment method volumes will change. 2016 statistics show that cash is still the most popular method of payment with approximately **** billion payments in 2016. The forecast shows that this is likely to change with cash purchases falling to second behind debit cards, which are forecast to rise from **** billion to **** billion purchases per year in 2026. Contactless debit card payments are set to rise significantly between 2016 and 2025, from *** billion to *** billion uses in 2026. The statistic also shows that traditional forms of payments such as check and standing order will become even more obsolete by 2026.
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