UK Debit and Credit Card Usage in 2013

Published on 1 January 1970 by Raffick Marday

UK Debit and Credit Card Usage in 2013

Debit and credit cards has become a prevailing mode of payment for most British citizens last year as reported by the UK Cards Association. Their report shows that £520 billion is spent on services and merchandises in the UK by means of debit and credit cards in 2013, an ascent of 6.7% since 2012. The use of these plastic cards has multiplied in the course of the most recent decade, moving from £244 billion in 2003. About 91% of UK adults now have debit cards with an average payment of £44.02 on purchases. Moreover, around 38% of the UK adults in 2013 possess two or more cards with an average transaction of 94 purchases.

Chair of The UK Cards Association, Melanie Johnson stated:

“With three in every four pounds spent in British shops now paid with cards, these figures reveal a huge shift over the last decade in the way we chose to transact. Rather than carrying cash, consumers are increasingly opting for their cards instead, not least because of the extra protections available. The rise in online shopping, coupled with increasing momentum behind contactless cards, will likely see this trend in consumer behaviour continue.”
The UK currently issues around 175.6 million plastic cards with debit cards predominantly produced at around 95.7 million, 55.4 million credit cards, 18.2 million ATM cards, and 6.3 million on charge cards. Yearly estimation of card instalments is relied upon to move to around £874 billion by 2023 with the growing convenience of cashless transactions by the UK people. Furthermore, it is likely expected that young adults who grew up using debit cards will heighten the utilisation of these plastic cards.

As mentioned by Visa Europe’s Steve Perry:

“Consumers have a love affair with cashless shopping that is only going to continue to grow. Shoppers today have more ways to pay than ever - whether it's a contactless card, a digital wallet, or a mobile payment app. The biggest blow for cash will be convergence of these exciting new trends. Ultimately, they offer the potential to combine convenience (any payment, anytime, anywhere) with security and consumer choice. With all of that in your pocket, why carry loose change?”
The development in innovation, like, contactless dealings and the increase of internet transactions and purchases using debit and credit cards are as well considered to the possible rise of plastic card usage. Since the utilisation of these cards are required to keep on being the fundamental strategy for shopping over the internet, such development will straightforwardly influence card payment volumes. Technology progressions, including versatile purpose of the latest gadgets, will additionally imply that in future, even small business companies will progressively have the certainty and competence to acknowledge card payments, where they may have formerly just managed in on-hand cash dealings.


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