Card spend stays at £50bnAugust 10, 2015
For the second month in a row card spending hit and passed the £50bn mark. Figures from The UK Card Association show that spending grew by 0.9% in April to hit £50.7 billion.
There was a total of 1.08 billion purchases in April, over three quarters of which were on debit card and more than one in ten made online.
So as debit card usage continues to outstrip credit cards, the average value of an online transaction (£95.22) is now double that for face to face transactions (£41.84).
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