英國信用卡借記卡行業(yè)市場前景及投資研究報告-培訓課件外文版2024.5招商銀行

INDUSTRIES

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MARKETSCreditcardsanddebitcardsintheUnitedKingdom(UK)CHAPTER

01PenetrationActivecreditcardaccountsintheUnitedKingdom(UK)fromJanuary2012toJune2023(inmillions)MonthlynumberofactivecreditcardaccountsintheUK2012-202340.039.038.037.036.035.034.033.032.031.04Description:ThenumberofactivecreditcardaccountsintheUnitedKingdom(UK)generallyincreasedbetween2012and2021withsignificantvariationbetweencertainmonths.TherewasasharpincreaseinactivecreditcardaccountsbetweenFebruary2019andFebruary2020andanequivalentdeclinethereafter.AsofOctober2021,therewere34.79millionaccountsintheUK.Activecreditcardaccountsarethosewithbalancesoutstandingattheendofthecalendarmonth,andmakeupmorethan[...]

ReadmoreNote(s):UnitedKingdom;January2012toJune2023;CreditcardaccountswithbalancesoutstandingattheendofthecalendarmonthSource(s):BritishBankers’Association;UKCardsAssociation;UKFinanceTotalnumberofcreditcardsanddebitcardsincirculationintheUnitedKingdom(UK)from2000to2021AnnualcreditcardanddebitcardsissuedintheUK2000-2021CreditcardsDebitcards200,000,000180,000,000160,000,000140,000,000120,000,000100,000,00080,000,00060,000,00040,000,00020,000,00002000

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20215Description:Approximately35percentofpaymentcardsissuedintheUnitedKingdom(UK)werecreditcards,reachingatotalofover60millionin2021.Debitcardswerefoundmoreofteninthecountry,asthatyeartherewerearound107millionofthesecards.Thenumbersprovidedareestimates,basedonthefigurescentralbankshavetosupply.Owningapaymentcarddoesnotimmediatelyindicateitgetsusedoften,astherearelargedifferenceswithinEuropewhenitcomestotheuseofcertain[...]

ReadmoreNote(s):UnitedKingdom;2000to2021;2020marksachangeinmethodology,andreferstothenumberofcardsinissueSource(s):BankforInternationalSettlements;BankofEngland;ECB;UKFinanceNumberofcreditcardsanddebitcardspercapitaintheUnitedKingdomfrom2010to2021CreditcardsanddebitcardspercapitaintheUnitedKingdom2010-2021Creditcards2.29Debitcards2.152.52.282.182.152.12.072.051.951.922.01.51.00.50.01.661.641.21.171.141.151.121.121.11.091.081.071.051.062010201120122013201420152016201720182019202020216Description:CreditcardspercapitaintheUnitedKingdom(UK)decreasedtoreachavalueofslightlyoveronecardperpersonin2021.Debitcardswerefoundmoreofteninthecountry,asdebitcardpenetrationreachedaround1.9thatyear.Thenumbersprovidedareestimates,basedonthefigurescentralbankshavetosupply.Owningapaymentcarddoesnotimmediatelyindicateitgetsusedoften,astherearelargedifferenceswithinEuropewhenitcomestotheuseofcertainpaymentmethods.

ReadmoreNote(s):UnitedKingdom;2010to2021;15yearsandolder;countrypopulationSource(s):BankforInternationalSettlements;BankofEngland;ECB;WorldBankShareofindividualswhoownacreditcardinEuropein2021,bycountryCreditcardpenetrationin42countriesinEuropein2021Shareofrespondents0%10%20%30%40%50%60%70%80%IcelandSwitzerlandNorway74%69.2%66.7%65.3%FinlandUnitedKingdomAustria62.1%59%58.5%57.9%DenmarkItalySpainGermanyIreland56.6%56.5%55%BelgiumSweden49.8%48.4%7Description:In2017,theshareoftheadultpopulationinEuropeancountriesvariedbetweeneightpercentinAlbaniatoashighas71percentinNorway.Usingacreditcardallowsthecardholdertopayforgoodsandserviceswiththeagreedpromisetothecardissuerthattheywillrepaytheamountborrowedeitherininstallmentsorasasinglepayment.InEurope,thecreditcardisalesspopularpaymentchoiceascomparedtothedebitcard.

ReadmoreNote(s):AugusttoNovember2021;approx.1,000percountry;15yearsandolder;Entirecivilian,noninstitutionalizedpopulation;Thefiguresshownarefromaglobalsurveyheldevery3years.Thedatafor2021isthemostrecentavailableasofthemidof2022.Source(s):WorldBankShareofindividualswhoownacreditcardin161differentcountriesandterritoriesworldwideupuntil2021Creditcardpenetrationin161countriesworldwide2011,2014,2017,20212011201477.07%76.16%0%201782.58%75.02%0%202182.74%79.05%74%Canada72.33%79.66%0%IsraelIcelandHongKongSAR,ChinaJapan58.08%64.44%0%64.26%66.08%54%65.42%68.38%65.47%63.66%70.5%71.63%69.66%69.21%68.44%66.74%66.7%SwitzerlandSouthKoreaNorway56.43%0%56.02%67.21%60.13%63.07%54.88%61.69%40.17%UnitedStatesFinland61.94%63.87%45.86%51.56%38.92%65.6%62.78%53.46%65.37%46.55%65.29%63.77%62.11%58.99%Taiwan,provinceofChinaUnitedKingdomAustria8Description:Canadawasoneofthreecountriesworldwidein2021,wherecreditcardownershipamongconsumers15yearsandupwasover70percent.Thisaccordingtoamajorsurveyheldonceeverythreeyearsinover140differentcountries.Theresultshighlightthemajordifferencesinhowcountriesprefertopay:InEurope,forinstance,theNordics,Luxembourg,andtheUnitedKingdomareregardedastopcreditcardcountries,whereastheNetherlandsrankedsignificantlylowertha

se[...]

ReadmoreNote(s):Worldwide;AugusttoNovember2021;approx.1,000percountry;15yearsandolder;Thefiguresshownarefromaglobalsurveyheldevery3years,ofhavealleditionsanditsquestionshavebeengatheredandputtogetherby

Thedatafor2021isthemostrecentavailable,andwasreleasedinJune2022;Entirecivilian,noninstitutionalizedpopulationSource(s):Gallup;WorldBankCHAPTER

02UserbehaviorShareofindividualswhoownacreditcardintheUnitedKingdom(UK)from2011to2021,byage,gender,andincomelevelCreditcardpenetrationintheUKin2011,2014,2017,and2021,bydemographic201151.6%%-%201461.7%%55.3%%%201765.4%%59.1%%%202162.1%%50.6%%%OwnershipUsedacreditcardGender:%Male55.5%%48%%%64.9%%58.6%%%64.7%%66%%%60.1%%64%%%FemaleAgegroup:15-24years25yearsandolderIncomelevel:Poorest40%Richest60%19.1%%56.1%%%30.1%%65.7%%%48.6%%68.4%%%53.6%%63%%%39.4%%60.3%%50.2%%69.2%%58.1%%70.2%%59.9%%63.6%%10Description:ThisstatisticpresentsatimelinewiththeshareofindividualswhoownedacreditcardinUnitedKingdom(UK)between2011and2017.In2017,approximately65percentofindividualsabovethelegalageofrequirementownedacreditcard,anincreaseof13percentfrom2011.ReadmoreNote(s):AugusttoNovember2021;approx.1,000percountry;15yearsandolder;Thefiguresshownarefromaglobalsurveyheldevery3years,ofhavealleditionsanditsquestionshavebeengatheredandputtogetherbyrecentavailable,andwasreleasedinJune2022;Entirecivilian,noninstitutionalizedpopulationSource(s):Gallup;WorldBankThedatafor2021isthemostShareofindividualswhoownadebitcardintheUnitedKingdom(UK)from2011to2021,byage,gender,andincomelevelDebitcardpenetrationintheUKin2011,2014,2017,and2021,bydemographic201187.6%%-%201496.4%%91.8%%%201791.5%%82.4%%%202195.5%%89%%%OwnershipUsedadebitcardGender:%Male87.2%%87.9%%%97.6%%95.2%%%91.6%%91.3%%%94.9%%96%%%FemaleAgegroup:15-24years25yearsandolderIncomelevel:Poorest40%Richest60%80.1%%88.7%%%94%%96.6%%%83.2%%93%%%97.7%%95.2%%%83.8%%90.3%%95.5%%96.9%%89%%93.1%%95.9%%95.2%%11Description:Accordingtoathree-yearsurvey,nearlyallrespondentsfromtheUnitedKingdomownedadebitcardin2021,withnineoutof10havingusedone.Thedifferencebetweenownershipandusagewasroughlysixpercentagepointsin2021,adeclinefromadifferenceofninepercentagepointsin2017.ThereportaddsthatwomenweremorelikelythanmentoownsuchapaymentcardintheEuropeancountry.GenZ-ortheagegroup15to24yearsinthissurvey-generallywas

likelyto[...]

ReadmoreNote(s):AugusttoNovember2021;approx.1,000percountry;15yearsandolder;Thefiguresshownarefromaglobalsurveyheldevery3years,ofhavealleditionsanditsquestionshavebeengatheredandputtogetherby

Thedatafor2021isthemostrecentavailable,andwasreleasedinJune2022;Entirecivilian,noninstitutionalizedpopulationSource(s):Gallup;WorldBankPreferredpaymentmethodsforitemswithasmallordersizeinPOSpurchasesandonlineshoppinginEuropein2022TopPOSande-commercepaymentmethodsforsmall-ticketitemsinEurope2022In-personOnline40%35%30%25%20%15%10%5%38%34%25%23%17%16%15%11%8%5%4%2%2%0%0%Directdebit0%Banktranfer0%CashDebitcardCreditcardDigitalwalletA2AappsOther(Checks,cryptocurrency,pre-paidvouchers,banks`apps,BNPL)12Description:Europeanconsumerspreferredcashforsmall-ticketin-personpurchases,butwhiledebitcardswerepopularinbothPOSandonlineshopping.ThisisaccordingtoaconsumersurveyheldinAugustandSeptember2022,thataskedconsumersin13countriesworldwideabouttheirpaymentpreferences.ThesourcedoesnotclarifyhowmanyandwhichofthesecountriescomefromEurope.Thereisalsonoindicationofhowbigasmall-ticketpurchaseexactlyis.Nevertheless,thesourceadds[...]

ReadmoreNote(s):Europe;August10,2022toSeptember19,2022;16,172respondents;Customerswithbankaccountsin13countries,enrichedwithavideosurveyin3countries;Respondentswereaskedabouttheirprimarypaymentmethod,multipleanswerswerenotpossible;Missingpercentagepointsto100percentareprobablyduetorounding.?Source(s):Accenture;GlobalData;UKFinancePreferredpaymentmethodsforitemswithabigordersizeinPOSpurchasesandonlineshoppinginEuropein2022TopPOSande-commercepaymentmethodsforbig-ticketitemsinEurope2022In-personOnline45%40%35%30%25%20%15%10%5%39%34%28%22%14%14%12%12%10%7%3%2%2%0%0%Directdebit0%Banktranfer0%DebitcardCreditcardCashDigitalwalletA2AappsOther(Checks,cryptocurrency,pre-paidvouchers,banks`apps,BNPL)13Description:Europeanconsumerspreferredeithercreditcardsordebitcardsforbig-ticketpurchasesoverwalletsorothertypesofalternativepaymentsin2022.ThisisaccordingtoaconsumersurveyheldinAugustandSeptember2022,thataskedconsumersin13countriesworldwideabouttheirpaymentpreferences.ThesourcedoesnotclarifyhowmanyandwhichofthesecountriescomefromEurope.Thereisalsonoindicationofhowlargeabig-ticketproductorserviceexactlyis-althoughthe[...]

ReadmoreNote(s):Europe;August10,2022toSeptember19,2022;16,172respondents;Customerswithbankaccountsin13countries,enrichedwithavideosurveyin3countries;Respondentswereaskedabouttheirprimarypaymentmethod,multipleanswerswerenotpossible;Missingpercentagepointsto100percentareprobablyduetorounding.?Source(s):Accenture;GlobalData;UKFinanceShareofrespondentsworldwidewhousedcreditcardsordebitcardsineitherPOSoronlinepaymenttransactionsatleastfivetimespermonthin2022,byregionCreditanddebitcardadoptioninPOSore-commerceworldwide2022,byregionAsia-Pacific64%Europe59%LatinAmericaNorthAmerica60%80%70%60%50%40%30%20%10%0%72%65%62%45%41%CreditcardDebitcard14Description:CreditcardswereusedmoreoftenatPOSore-commerceinLatinAmericainlate2022thaninotherpartsoftheworld.ThisisaccordingtoaconsumersurveyheldinAugustandSeptember2022,whenrespondentsfrom13countriesrepliedtoaquestiononwhichpaymentmethodtheyhadusedatleastfivetimesinthepastmonth.ConsumersfromtheAmericasrepliedfarmoreonbothtypesofpaymentcardsthantheircounterpartsfromEuropeorAsia-Pacific.Thisdifferenceis[...]

ReadmoreNote(s):Worldwide;August10,2022toSeptember19,2022;16,172respondents;Customerswithbankaccountsin13countries,enrichedwithavideosurveyin3countries;Multipleanswerswerepossible,respondentswhorepliedwith“creditcard”or"debitcard"Source(s):Accenture;GlobalData;UKFinanceCHAPTER

03SpendingValueofpaymentcardtransactionsforpaymentsintheUnitedKingdom(UK)fromJanuary2000toJuly2023(inbillionBritishpounds,andestimatesinU.S.dollars)Monthlypaymentcardspending,creditordebit,intheUK2014-2023,inGBPandUSDTransactionvolumeinbillionBritishpoundsTransactionvolumeinbillionU.S.dollars1059585756555453516Description:ThemonthlyvalueofcreditanddebittransactionsmadeintheUnitedKingdom(UK)fluctuatedsignificantlybetweenJanuary2014toJuly2023.AftertheglobalCovid-19pandemic,UKconsumersappeartohavemadesignificanteffortstospendlessmoney.ThisisalsoevidentwhenconsideringthetotalnumberofcreditanddebittransactionsmadeintheUKduringthesametime.ReadmoreNote(s):UnitedKingdom;January2014toJuly2023Source(s):BritishBankers’Association;FederalReserve;UKCardsAssociation;UKFinanceValueofcreditcardtransactionsforpaymentsintheUnitedKingdom(UK)from2000to2022(inmillionBritishpounds,andestimatesinU.S.dollars)AnnualcreditcardspendingintheUK2000-2022,inlocalcurrencyandUSDTransactionvolumeinbillionBritishpoundsTransactionvolumeinbillionU.S.dollars3503002502001501005002000

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202217Description:ThevalueofcreditcardpaymentsintheUnitedKingdomreachedanall-timehighin2022,growingbynearly50billionBritishpoundsthatyear.2022isthesecondconsecutiveyearinwhichcreditcardexpensesgoup.Thesourceclaimsthatlockdownrestrictionsinthesummerof2020limitedcreditcardpayments.Themonthlycreditcardexpensesdidincreaseoverthecourseofthattimeframe,reachingnearpre-pa

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ReadmoreNote(s):UnitedKingdom;2000to2022;Figureshavebeentakenfrommultiplemonthlypublications,convertedtoannualfigures,andthenestimatedtoU.S.dollarsby

FiguresareonbothUKandoverseasissuedcards,andincludepurchases,cashadvancesandbalancetransfersSource(s):FederalReserve;UKFinanceValueofcreditcardtransactionsforpaymentsintheUnitedKingdom(UK)fromJanuary2000toJuly2023(inbillionBritishpounds,andestimatesinU.S.dollars)MonthlycreditcardspendingintheUK2000-2023,inlocalcurrencyandUSDTransactionvolumeinbillionBritishpoundsTransactionvolumeinbillionU.S.dollars30252015105018Description:ThevalueofcreditcardpurchasesmadeintheUKgrewtoarecordinJuly2023,increasingforthethirdmonthinarow.Thevalueof21.5billionBritishpoundscontraststhelowpointinApril2020,whenmonthlycreditcardspendingfelltoapproximately7.8billionBritishpounds.ReadmoreNote(s):UnitedKingdom;January2000toJuly2023;Seasonallyadjusted;UKandoverseasissuedcards;AllfigureshavebeengatheredandcalculatedbySource(s):BritishBankers’Association;FederalReserve;UKCardsAssociation;UKFinanceAveragevalueofacreditcardtransactionintheUnitedKingdom(UK)from2012to2021(inBritishpounds,andestimatesinU.S.dollars)SizeofacreditcardtransactionintheUK2012-2021,inlocalcurrencyandUSDAveragetransactionvalueinBritishpoundsAveragetransactionvalueinU.S.dollars120100806040200201220132014201520162017201820192020202119Description:CreditcardpurchasesintheUKaveragedroughly49pounds,orabout67dollars,in2021-avaluethatwasnoticeablylowerthaninpreviousyears.Thisisaccordingtoestimatesbasedontheoverallvalueofcreditcardtransactionsagainstthenumberoftransactionswithinthecountry.Thesenumbershaveonlybeenreportedonanannualbasis.CreditcardtransactionsizesintheUnitedKingdomdeclinedforseveralyearsinarow,potentiallyindicatingtheygetincreasinglyusedfor[...]

ReadmoreNote(s):UnitedKingdom;2012to2021;CardsissuedbyresidentPSPs;Nofigureswereavailablefrombefore2012Source(s):BankforInternationalSettlements;OECD;UKFinanceValueofdebitcardtransactionsforpaymentsintheUnitedKingdom(UK)from2012to2021(inmillionBritishpounds,andestimatesinU.S.dollars)AnnualdebitcardspendingintheUK2012-2021,inlocalcurrencyandUSDTransactionvolumeinmillionBritishpoundsTransactionvolumeinmillionU.S.dollars1,200,0001,000,000800,000600,000400,000200,0000201220132014201520162017201820192020202120Description:ThevalueofpaymentsmadewithdebitcardsintheUnitedKingdomgrewbyroughly12percentin2021.Thismeantanaccelerationofthegrowthrecordedinpreviousyears,althoughpandemicyear2020didcauseasizableslowdownofthisgrowth.Debitcardsrankasthemostpopularin-storepaymentmethodintheUKforseveralyears,althoughtheirmarketsharediddecline.Mobilewallets,especially,areofgrowingimportanceintheretailtransactionspaceinthecountry.

ReadmoreNote(s):UnitedKingdom;2012to2021;CardsissuedbyresidentPSPs;Nofigureswereprovidedfrombefore2012Source(s):BankforInternationalSettlements;OECD;UKFinanceValueofdebitcardtransactionsforpaymentsintheUnitedKingdom(UK)fromJanuary2014toJuly2023(inbillionBritishpounds,andestimatesinU.S.dollars)MonthlydebitcardspendingintheUK2014-2023,inlocalcurrencyandUSDTransactionvolumeinbillionBritishpoundsTransactionvolumeinbillionU.S.dollars8575655545352521Description:ThemonthlyvalueofdebitcardtransactionsintheUKpickedupinthesummerof2021butwasnotashighasinAugust2020.Thetotalvalueofthedebitcardpurchasesfluctuatedsignificantly,reachingitslowestvalueofnearly41billionBritishpoundsinApril2020.ReadmoreNote(s):UnitedKingdom;January2014toJuly2023;Seasonallyadjusted;UKandoverseasissuedcards;AllfigureshavebeengatheredandcalculatedbySource(s):BritishBankers’Association;FederalReserve;UKCardsAssociation;UKFinanceAveragevalueofadebitcardtransactionintheUnitedKingdom(UK)from2012to2021(inBritishpounds,andestimatesinU.S.dollars)SizeofadebitcardtransactionintheUK2012-2021,inlocalcurrencyandUSDAveragetransactionvalueinBritishpoundsAveragetransactionvalueinU.S.dollars80706050403020100201220132014201520162017201820192020202122Description:DebitcardpurchasesintheUKaveragedroughly34pounds,orabout46dollars,in2021-avaluethatwasnoticeablylowerthaninpreviousyears.Thisaccordingtoestimatesbasedontheoverallvalueofcreditcardtransactionsagainstthenumberoftransactionswithinthecountry.Thesenumbershaveonlybeenreportedonanannualbasis.DebitcardtransactionsizesintheUnitedKingdomdeclinedforseveralyearsinarow,potentiallyindicatingtheygetincreasinglyusedforlesslarge[...]

ReadmoreNote(s):UnitedKingdom;2012to2021;CardsissuedbyresidentPSPs;Nofigureswereavailablefrombefore2012Source(s):BankforInternationalSettlements;OECD;UKFinanceCHAPTER

04TransactioncountTotalnumberofcreditcardanddebitcardtransactionscombinedintheUnitedKingdom(UK)fromJanuary2014toJuly2023(inmillions)Monthlytransactioncountofpaymentcards-creditanddebit-intheUK2014-20232,5002,0001,5001,000500024Description:ThemonthlyamountofcreditanddebittransactionsmadeintheUnitedKingdom(UK)fluctuatedsignificantlybetween2019and2020.InthewakeoftheglobalCovid-19pandemic,UKconsumersappeartohavemadesignificanteffortstoengageinfewertransactionsandspendlessmoney.AlowpointwasexperiencedinApril2020,whenlessthanonebilliontransactionstookplace.Thenumberhasrisensincethen,andasofOctober2021,therewereovertwobillioncreditanddebit[...]

ReadmoreNote(s):UnitedKingdom;January2014toJuly2023;Seasonallyadjusted;UKandoverseasissuedcards;AllfigureshavebeengatheredbySource(s):BritishBankers’Association;UKCardsAssociation;UKFinanceNumberofcreditcardtransactions,eitherin-storeoronline,intheUnitedKingdom(UK)fromJanuary2014toJuly2023(inmillions)MonthlynumberofcreditcardtransactionsintheUK2014-202340035030025020015010050025Description:ThenumberofcreditcardtransactionsintheUKinthesummerof2023nearlyreachedthesamemonthlyamountasin2019.FollowingtheglobalCovid-19pandemic,UKconsumersappeartobetakingsignificantstepstocurbunnecessaryspending.Oneareathathasrisenistheaveragespendoncontactlesscards.ReadmoreNote(s):UnitedKingdom;January2014toJuly2023;Seasonallyadjusted;UKandoverseasissuedcards;AllfigureshavebeengatheredandcalculatedbySource(s):BritishBankers’Association;UKCardsAssociation;UKFinanceNonumberswereprovidedforNovember2017TotalnumberofcreditcardtransactionsprocessedforpaymentsintheUnitedKingdom(UK)from2012to2021AnnualnumberofcreditcardtransactionsintheUK2012-2021,percapitaCreditcardtransactions(inmillions)4,500Creditcardpaymentspercapita807060504030201004,0003,5003,0002,5002,0001,5001,0005000201220132014201520162017201820192020202126Description:ThenumberoftimesapersonintheUnitedKingdomusedacreditcardforpaymentsdeclinedbyroughly20percentin2020butnearlyrecoveredby2021.Unlikethesamefigurefordebitcards,therecordedcreditpaymentsin2020werelowerthanintheyearsleadinguptoCOVID-19.ThiscoincideswithatrendintheUKofpayingoffcreditcarddebtduringlockdown.ReadmoreNote(s):UnitedKingdom;2012to2021;15yearsandolder;CardsissuedbyresidentPSPs;Thesourcedidnotprovidefiguresfrombefore2012Source(s):BankforInternationalSettlements;UKFinance;WorldBankNumberofdebitcardtransactions,eitherin-storeoronline,intheUnitedKingdom(UK)fromJanuary2013toJuly2023(inmillions)MonthlynumberofdebitcardtransactionsintheUK2014-20232,0001,8001,6001,4001,2001,000800600400200027Description:ThenumberofcreditcardtransactionsintheUKinthesummerof2023nearlyreachedthesamemonthlyamountasin2019.AlowpointwasexperiencedinApril2020,whenthemonthlytotalamountoftransactionsfellbelowonebillion.ThetotalnumberofdebitcardpurchasesmadeintheUKhasrecoveredandincreasedsincethen,amountingtoover1.9billionasofOctober2021.

ReadmoreNote(s):UnitedKingdom;January2013toJuly2023;Seasonallyadjusted;UKandoverseasissuedcards;AllfigureshavebeengatheredandcalculatedbySource(s):BritishBankers’Association;UKCardsAssociation;UKFinanceNonumberswereprovidedforNovember2017TotalnumberofdebitcardtransactionsprocessedforpaymentsintheUnitedKingdom(UK)from2012to2021AnnualnumberofdebitcardtransactionsintheUK2012-2021,percapitaDebitcardtransactions(inmillions)25,000Debitcardpaymentspercapita4504003503002502001501005020,00015,00010,0005,00000201220132014201520162017201820192020202128Description:ThenumberoftimesapersonintheUnitedKingdomusedadebitcardforpaymentsincreasedbyroughly20percentbetween2020and2021.Althoughthecoronaviruspandemicdidleadtoadeclinein2020,itisassumedthatthesecondhalfofthatyearalreadyrecoveredsomeofthelosttransactions.ManyconsumersintheUKswitchedtoonlineshoppingduringthistimeaswell.ReadmoreNote(s):UnitedKingdom;2012to2021;CardsissuedbyresidentPSPs;Thesourcedidnotprovidefiguresfrombefore2012Source(s):BankforInternationalSettlements;UKFinance;WorldBankCHAPTER

05CreditcarddebtTotalcreditcarddebtintheUnitedKingdom(UK)fromMarch1993toAugust2023MonthlycreditcarddebtintheUK1993-2023Creditcarddebt(inbillionGBP)Year-on-yearpercentagechange(%)807060504030201006050403020100-10-20-3030Description:TotalcreditcarddebtintheUKgrewby0.5billionBritishpoundsbetweenJulyandAugust2023,nowreachingasimilarlevelofdebtasseeninearly2017.TheannualgrowthrateofcreditcarddebtstayedaboutthesameinAugust2023,reachingeightpercentwhencomparedtoAugust2022.Thegrowthratein2023hasbeenrelativelyconsistentlysinceMay,whichmaypotentiallybeattributedtogrowinginterestratesandthecostoflivingcrisis.ReadmoreNote(s):UnitedKingdom;March1993toAugust2023;Seasonallyadjusted;Year-on-yearpercentagechangeshavebeencalculatedbySource(s):BankofEngland;Nootherdataexists,asthesourcestartedtrackinghouseholdsfrom1993onwardsAveragecreditcarddebtperhouseholdintheUnitedKingdom(UK)from1996to2022(inGBP)AnnualcreditcarddebtperhouseholdintheUK1996-2022CreditcarddebtperhouseholdinGBP1,50005001,0002,0002,5003,00020222021202020192018201720162015201420132012201120102,229.012,077.242,083.932,594.342,621.052,582.642,462.82,345.672,283.422,133.262,075.362,110.422,229.7631Description:TheUK'saveragecreditcarddebtperhouseholdgrewby151BritishpoundsbetweenDecember2021andDecember2022,thefirstincreasesince2020.Standingat2,229BritishpoundsatDecember2022,thefigurecontrastswiththedeclinein2020-whenthedebtdeclinedfrom2,594Britishpoundsto2,083Britishpounds.ThatparticulardropwaslikelyaresultofCovid-19'seconomicimpact,andconsumerstryingtogetridoftheircreditcarddebt.Theincreasein2022maybecaused[...]

ReadmoreNote(s):UnitedKingdom;1996to2022;Endofyearfigures,seasonallyadjusted;AllfigureshavebeengatheredandcalculatedbySource(s):BankofEngland;OfficeforNationalStatistics(UK);Nootherdataexists,asthesourcestartedtrackinghouseholdsfrom1996onwardsAveragerepresentativecreditcardinterestratein