UK Residents cards in issue
Source: UK Finance
Card transactions by UK cardholders both in the UK and overseas:
- There were 2.21 billion debit card transactions in July, 4.9 per cent more than in July 2022. The total spend of £67.8 billion was 4.4 per cent higher than July 2022.
- There were 374.5 million credit card transactions in July, 8.5 per cent more than in July 2022. The total spend of £20.8 billion was 10.4 per cent higher than July 2022.
- Outstanding balances on credit card accounts have grown by 8.7 per cent over the twelve months to July and 49.9 per cent of outstanding balances incurred interest compared to 51.5 per cent twelve months ago.
Source: UK Finance
Card transactions made in the UK by cardholders from both the UK and from overseas countries:
- There were 2.14 billion debit and credit card transactions in the UK in July, 1 per cent more than in July 2022. The total spend of £76 billion was 0.8 per cent higher than July 2022.
- Contactless payments accounted for 63 per cent of all credit card and 76 per cent of all debit card transactions.
- There were 1.6 billion contactless card transactions in July, 3.4 per cent more than the 1.5 billion in July 2022. The total value of contactless transactions was £24.8 billion in July, a 5.9 per cent increase on £24.4 billion in July 2022.
- The number of contactless credit card transactions was 7.1 per cent higher than July 2022. The number of contactless debit card transactions was 2.8 per cent higher than July 2022.