In 2023, debit cards remains the preferred and most widely used payment method, increasing from the previous year in terms of the number of cards in circulation, as well as the volume and retail value of transactions. However, this growth is set to be marginal in comparison with the previous two years. One of the main reasons is the country’s current economic situation, which is characterised by high inflation and a rising cost of living, forcing consumers to turn to alternative payment methods,...
Euromonitor International's Debit 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 Debit Card Transactions, Personal Debit 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 Debit 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.
Debit Cards in the United Kingdom
Euromonitor International
November 2023
List Of Contents And Tables
DEBIT CARDS IN THE UNITED KINGDOM
KEY DATA FINDINGS
2023 DEVELOPMENTS
Debit cards maintains a positive performance
Monzo continues to expand
The use of contactless and mobile payments keeps spreading amongst Britons
PROSPECTS AND OPPORTUNITIES
Debit cards will remain the preferred payment method
Transactions where the cardholder is not present set to rise
More dynamic competition between debit card players
CATEGORY DATA
Table 1 Debit Cards: Number of Cards in Circulation 2018-2023
Table 2 Debit Cards Transactions 2018-2023
Table 3 Debit Cards in Circulation: % Growth 2018-2023