DEBIT CARDS CONSUMERS’
FIRST CHOICE DURING 2008
2008 PLASTIC CARD DATA SHOWS £380 BILLION SPENT ON PLASTIC CARDS IN THE UK IN 2008.
DEBIT CARD SPEND ACCOUNTED FOR 71% OF TOTAL PLASTIC CARD SPEND.
UK payments association APACS’ latest publication on
There were 5.4 billion debit card purchases in 2008, an
UK Plastic Cards, shows that in 2008, for the 8th year
increase of 9% on 2007, with an average transaction
running, debit cards continued to dominate consumer
value of £45. Average credit card spend was £70.
card spending, accounting for 71% of the total plastic
card spending during the year.
Over the last decade debit card spending has in-
creased five fold and this upward trend is expected to
Plastic card payments to UK merchants, retailers and
continue, by 2010 personal spending by debit card is
service providers totalled £380 billion in 2008 – over
expected to overtake personal spending by cash, and
three times the amount of ten years ago (£103 billion in
by 2017 it’s expected to reach a staggering £469 billion.
1997) and a 10% increase on the 2006 figure
(£321billion).
Interestingly, the number of personal credit and charge
cardholders fell to 30.2million, representing 62% of the
UK plastic card payments to UK merchants, retailers
adult population. And Internet card payments have
and service providers totalled £354 billion in 2007 –
risen nearly five-fold over the last five years, to £41.2
over three times the amount of nearly ten years ago
billion.
(£103 billion in 1997).
So, as a business if you don’t accept debit or credit
The £380 billion spend on plastic cards in the UK com-
cards perhaps its time to think again.
prised £241 billion on debit cards, and £139 billion on
credit and charge cards.
For more info visit
www.apacs.org.uk
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