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UK Card Transactions Hit Record High

June 17, 2015

Figures recently released by The UK Cards Association show card spend reached £49.6 billion in February with consumers spending £35.2 billion on their debit cards. This is an increase of over 7% on 2014 and sees debit cards continuing to outstrip credit card usage.

The overall number of transactions has also increased to a record 1.053 billion, up 9.8% year-on-year, with online spend accounting for just over 11% of these transactions. The average online transaction was double the normal spend at £103.62.

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