In 2022, there was double-digit growth in terms of credit card spending for both personal and commercial credit cards. High inflation and the rising cost of living, which have also been affecting Britons in 2023, were amongst the main causes. In 2022, the main source of the rising cost of living was the high cost of energy in the country, aggravated by the war in Ukraine. And, while energy prices are gradually starting to decrease in 2023, the cost of food and non-alcoholic beverages has continu...
Euromonitor International's Credit Card Transactions in United Kingdom report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.
Product coverage: Commercial Credit Card Transactions, Personal Credit Card Transactions.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report? * Get a detailed picture of the Credit Card Transactions market; * Pinpoint growth sectors and identify factors driving change; * Understand the competitive environment, the market’s major players and leading brands; * Use five-year forecasts to assess how the market is predicted to develop.
Credit Cards in the United Kingdom
Euromonitor International
November 2023
List Of Contents And Tables
CREDIT CARDS IN THE UNITED KINGDOM
KEY DATA FINDINGS
2023 DEVELOPMENTS
Britons increase their credit card spending to deal with the rising cost of living
As banks tighten their requirements, BNPL continues to expand
Mastercard grows its share in commercial credit cards
PROSPECTS AND OPPORTUNITIES
Consumers may struggle to pay back their credit in the near future
Incoming regulation on BNPL
Inflation will continue to define the forecast for credit cards
CATEGORY DATA
Table 1 Credit Cards: Number of Cards in Circulation 2018-2023
Table 2 Credit Cards Transactions 2018-2023
Table 3 Credit Cards in Circulation: % Growth 2018-2023