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DIGITAL

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TRENDSDigitalpaymenttypesintheUnitedKingdom(UK)CHAPTER

01MarketshareShareofcashestimateatpointofsale(POS)intheUnitedKingdom(UK)from2000to2021AnnuallevelofcashpaymentsintheUK2000-202160%50.5%50%40%30%20%10%0%47.4%45.5%43.1%42.6%40.3%38.9%36.7%35.5%34.7%32.7%30.8%27.3%25.7%23.9%22.7%21.5%19.9%17.8%16.3%12.2%10.9%2000

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20214Description:UseofcashmoneyintheUnitedKingdom(UK)decreasedsignificantlysince2016,especiallyduringthecoronaviruspandemic.Thisaccordingtoestimationsbasedontheavailabledataregardingcashwithdrawalsandpaymenttransactions.Nodataexistsontheactualuseofcashmoney,outsideofsurveydiaries.Suchadiary,coveringconsumers'useofcashmoneyinshops,washeldinEuropeonlyonce,in2017.Asnotallpaymentdataisreadilyavailable,liketheuseofOTCor[...]

ReadmoreNote(s):UnitedKingdom;2000to2021;ThenumbersprovidedhavebeencalculatedbySource(s):BankforInternationalSettlements;IMF;PYMNTS;UKFinanceusingnumbersonATMandOTCwithdrawals.Seethe"Details"tabformoreinformationShareofcurrencyincirculation(CIC)tothenominalGDPoftheUnitedKingdom(UK)from2012to2022Annualcurrencyincirculation(CIC)toGDPratiooftheUK2012-20224.5%4.0%4.05%3.84%3.71%3.61%3.53%3.48%3.5%3.43%3.38%3.4%3.4%3.5%3.0%2.5%2.0%1.5%1.0%0.5%0.0%201220132014201520162017201820192020202120225Description:CoinsandbanknotesnotheldbybanksintheUnitedKingdommadeupslightlymorethanthreepercentofGDPin2021,apercentagethatonlyincreasedin2020.Thisso-calledCIC/GDPratioroughlymeasurestheuseofcashinthecountry.Duetotheanonymityofcashtransactions,sourcesstruggletofindexactvolumesonthis.Theratiomentionedhereisquitepopularinthatregard,asthedataitneedsisrelativelyeasytofind.Someindustryexpertsmention,however,thatthisratiois[...]

ReadmoreNote(s):UnitedKingdom;2012to2022;Nofigureswereavailablefrombefore2012Source(s):BankforInternationalSettlements;WorldBankMarketshareofcash,creditcards,andotherpaymentmethodsatpointofsale(POS)intheUnitedKingdom(UK)from2017to2023,withaforecastfor2027Mostusedin-store(POS)paymentmethodsintheUK2017-2023,with2027forecast201755%15%5%22%1%-201948%18%4%27%1%-202049%21%8%202145%28%9%202247%29%10%10%1%202346%28%14%10%2%202737%25%29%6%DebitcardCreditcard(incl."chargecard"since2021)*E-wallet,Digital/mobilewalletCash13%2%11%1%Prepaidcard2%POSfinancing*4%-2%1%1%BuyNow,PayLater(splitofffrom"POSfinancing"in2021)*---3%---Retailer/bankfinancing(splitofffrom"POSfinancing"in2021)*---2%-------Chargecard*2%2%3%6Description:CashuseinUKtransactionsdeclinedforthesuccessiveyear,whilethemarketshareofdebitandcreditcardsincreasedagain.DebitcardswerethemostpopularmethodinPOStransactionsintheUnitedKingdomin2022,accountingfor47percentoftransactions.Thiswasfarhigherthantransactionswithbanknotesorcoins,accountingfor10percentofbrick-and-mortarpaymentsin2022.TheUK'sshareofcashwasoneofthelowestworldwide,accordingtobothaglobalsurveyoncash[...]

ReadmoreNote(s):UnitedKingdom;March2024;*Thesourcemadechangestoitscategoriesin2021,seethe"Details"tabformoreinformation.Source(s):GlobalData;IMF;McKinsey&Company;WorldBank;WorldpayPaymentsatpointsofsalebytypeintheUKasofDecember2023PaymentsatpointsofsalebytypeintheUK2023Shareofrespondents0%10%20%30%40%50%60%70%80%Debitcard74%Cash64%CreditcardMobiledevice(e.g.,smartphone,smartwatch)Prepaidcard/vouchers43%33%15%Check5%IhavenotpaidatanypointofsaleOther1%1%7Description:"Debitcard"and"Cash"arethetoptwoanswersamongUKconsumersinoursurveyonthesubjectof"Paymentsatpointsofsalebytype".ReadmoreNote(s):UnitedKingdom;JanuarytoDecember2023;4034respondents;18-64yearsSource(s):ConsumerInsightsMarketshareofcash,creditcards,andotherpaymentmethodsduringonlineshoppingintheUnitedKingdom(UK)from2016to2023,withaforecastfor2027Mostusede-commercepaymentmethodsintheUK2016-2023,with2027forecast201625%17%32%-201723%18%32%-201929%23%29%-202032%21%29%-202132%27%24%-202235%24%22%9%202338%24%22%7%202750%18%17%8%E-wallet,Digital/mobilewalletCreditcard-incl."chargecard"since2021*DebitcardAccount-to-account(A2A)-incl."banktransfers"and"directdebit"since2022**Buynow,paylater(BNPL)Cashondelivery(CoD)Prepaidcard-9%3%3%5%5%--7%2%2%9%6%-3%4%1%1%6%3%-5%2%1%1%6%2%1%-6%1%1%1%7%-8%1%1%1%-7%1%1%7%0%1%PrePayBanktransfer**Chargecard*-Directdebit**2%--E-invoices1%-1%---Others-incl.cryptocurrencysince2022-1%1%0%0%0%8Description:BNPLbecamemorecommonintheUnitedKingdomforonlineshopping,althoughitwasnotaspopularascreditcardswere.Indeed,acomparisonbetweenpreferredpaymentmethodsintheUKacrossseveralyearsrevealsthatdebitcardsremainedrelativelyunchangedintheirpopularity.Otherpaymentmethods-mobilewalletsandcreditcards,especially-sawincreasinguse.Creditcards,forexample,wasagrowthoftenpercentagepointsbetween2016and2021-highlighting[...]

ReadmoreNote(s):UnitedKingdom;March2024;Thesourcemademultiplechangestoitscategoriesovertime,seethe"Details"tabformoreinformation.;*In2022,thesourcestateditmergedthecategoriesof"creditcards"togetherwith"charge/deferred[...]

ReadmoreSource(s):GlobalData;IMF;McKinsey&Company;WorldBank;WorldpayMostcommononlinepaymentsbytypeintheUKasofDecember2023MostcommononlinepaymentsbytypeintheUK2023Shareofrespondents0%10%20%30%40%50%60%70%68%DebitcardOnlinepaymentservices(e.g.,PayPal,AmazonPay)59%57%DirectdebitCreditcard47%Prepaidcards/vouchersCashondelivery17%15%Byinvoice10%10%CashinadvanceIhavenotconductedanypaymentsonlineOther2%1%9Description:"Debitcard"and"Onlinepaymentservices(e.g.,PayPal,AmazonPay)"arethetoptwoanswersamongUKconsumersinoursurveyonthesubjectof"Mostcommononlinepaymentsbytype".

ReadmoreNote(s):UnitedKingdom;JanuarytoDecember2023;4034respondents;18-64yearsSource(s):ConsumerInsightsMarketshareofcryptocurrencycomparedtootherpaymentmethodsinselectedcountriesacrosstheworldasof2023Penetrationofcryptoasameansofpaymentinselectedcountriesworldwidein2023Share

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freAustraliaAustria2%1000Everythre2%24872975EverythreEverythreBelgium1.4%CanadaCyprus1%20001016EveryfouEverythre1.5%Estonia0.9%1506Everythre10Description:Cryptocurrencyasapaymentmethodrarelyexceededthreepercentofoverallpaymentswithinacountrybetween2021and2023.Thisisaccordingtomultiplepaymentdiarysurveyshelddomesticallyacrosstheworld,atvarioustimes.Duetothedecentralizednatureofcryptocurrencies-Bitcoinitself,forexample,wasinitiallycreatedasaprotestagainstcentralauthorities-thereisnounifiedapproachordatabasetotrackhowmuchthedigitalassetisusedasapaymentmethod.Some[...]ReadmoreNote(s):Australia,Austria,Belgium,Canada,Cyprus,Estonia,Finland,France,Germany,Greece,Ireland,Italy,Latvia,Lithuania,Luxembourg,Malta,Netherlands,Poland,Portugal,Slovakia,Slovenia,Spain,Sweden,Switzerland,UnitedKingdom,UnitedStates;March2023;Asof2023,thereisnocentralizedtrackingofcryptopaymentsacrosscountries.Thenumbersprovidedhereweregatheredfromvariousdomesticsourcesandstemfromlocallyheldpaymentdiaries,whichareheldatvariousfrequencies,timesofyear,andlikelyfollowdifferentmethodologiesoraskdifferentquestionsfromoneanother.Thefiguresmaythereforenotnecessarilybecomparabletooneanother.Source(s):BankofCanada;DNB;ECB;FederalReserve;FinancialConductAuthority;Ipsos;NationalBankofPoland;ReserveBankofAustralia;SchweizerischeNationalbank;TheDutchPaymentsAssociation;TheRiksbank;YouGovCHAPTER

02PenetrationPenetrationrateofcreditcardsintheUnitedKingdomfrom2014to2029PenetrationrateofcreditcardsintheUnitedKingdom2014-20297065.3764.5464.1263.7262.8962.9162.1161.9761.7961.6961.5961.461.2161.0260.8460.686050403020100201420152016201720182019202020212022202320242025202620272028202912Description:ThecreditcardpenetrationintheUnitedKingdomwasforecasttocontinuouslydecreasebetween2024and2029byintotal0.9percentagepoints.Afterthetwelfthconsecutivedecreasingyear,thecreditcardpenetrationisestimatedtoreach60.68percentandthereforeanewminimumin2029.ReadmoreNote(s):UnitedKingdom;2014to2029;allvaluesareestimatesSource(s):PenetrationrateofdebitcardsintheUnitedKingdomfrom2014to2029PenetrationrateofdebitcardsintheUnitedKingdom2014-202912096.3710080604020094.795.4695.1495.0595.0194.9794.9494.994.8694.8294.4493.0692.4493.4391.45201420152016201720182019202020212022202320242025202620272028202913Description:ThedebitcardpenetrationintheUnitedKingdomwasforecasttocontinuouslydecreasebetween2024and2029byintotal0.2percentagepoints.Accordingtothisforecastin2029,thedebitcardpenetrationwillhavedecreasedfortheeighthconsecutiveyearto94.82percent.ReadmoreNote(s):UnitedKingdom;2014to2029;allvaluesareestimatesSource(s):MobilepaymentsusageperformedwithanymobiledeviceatPOSintheUnitedKingdomfrom2018to4thquarterof2023QuarterlyadoptionofmobilepaymentsatPOSintheUK2018-202335%30%25%20%15%10%5%0%2018

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Q4202314Description:Between2018and2023,theusageofmobilesatpointofsaleintheUnitedKingdomwitnessedanincreaseof19percentagepoints.In2018,theshareofrespondentsusingmobilepaymentsatPOSstoodat14percent,whichincreasedto33percentinthethirdquarterof2023.ThisisaccordingtoaquestionaskedthroughoutmultiplesurveysfromStatista'sConsumerInsights.Thenumbersshownhererefertoarolling12-monthshareofrespondentswhoindicatedtheyusedamobile[...]

ReadmoreNote(s):UnitedKingdom;January2,2023,toDecember15,2023;12,000+percountry;18-64years;Residentialonlinepopulation;12-monthrollingaverageSource(s):ConsumerInsightsMobilepaymentsbysituationintheUKin2022MobilepaymentsbysituationintheUK2022Shareofrespondents0%5%10%15%20%25%30%35%35%IwouldliketopaywithmysmartphoneallthetimeForeverydaypurchases(e.g.food)ForfoodanddrinksinbarsandcafésForfoodanddrinksinrestaurantsForpublictransportationticketsForminorpurchases(e.g.decorationitems)Foradmissiontickets17%15%15%14%12%9%8%FortravelbookingFormajorpurchases(e.g.washingmachine)Idon'twanttopaywithmysmartphoneatallOther6%6%26%1%Don'tknow15Description:Whenaskedabout"Mobilepaymentsbysituation",mostUKrespondentspick"Iwouldliketopaywithmysmartphoneallthetime"asananswer.35percentdidsoinouronlinesurveyin2022.ReadmoreNote(s):UnitedKingdom;fourwavesfrom06January2022to14December2022;4029respondents;18-64yearsSource(s):ConsumerInsightsShareofcompaniesthatacceptselecteddigitalpaymentsforalltypesofe-commerceintheUnitedKingdom(UK)asofFebruary2024Paymenttypesacceptedbyalle-commercevendorsintheUKin2022and2024February2022February202490%80%70%60%50%40%30%20%10%0%84%83%78%77%74%71%69%61%56%46%45%42%40%33%24%23%18%PayPalCreditcardsBanktransfersApplePayBuynow,payGiftcardsLoyaltypoints,

CryptocurrencyrewardsNFTs(non-fungibletokens)later(BNPL),orpaymentsininstallments16Description:Sixoutof10e-commercevendorsintheUKofferbuynow,paylaterontheirwebsitecome2024.Thisisaccordingtoasurveyheldinearly2024,askinge-commerceprofessionalsonwhichpaymentmethodstheyareoffering.NoticeablefortheUKisthesubstantialshareofrespondentswhoindicatedtheyofferPayPalin2024.Cryptocurrencyalsofeaturesinthislist.Thesourcedoesnotclarify,however,whethermerchantswouldliketoacceptdirectpaymentswithBitcoinorwhetherthis[...]

ReadmoreNote(s):UnitedKingdom;February2024;2,700respondents;18yearsandolder;third-partypanelistsworldwide;Commerceprofessionalsthatheldadirectororhigherleadershiprole;ProfessionalsfromB2B,B2C,andB2B2CcompaniesacrossNorthAmerica,LatinAmerica,AsiaPacific,Japan,andEuropeSource(s):SalesforceResearchCryptoAdoptionIndexrankingoftheUnitedKingdom(UK)from2020to2023,bymetricAnnualcryptoadoptiondevelopmentintheUK2020-2023,bymetricRank

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indexOverallranking(outof146countries)202014202121202217202314Overallindexscore(1=highest,0=lowest)0.33150.13120.47140.1215On-chaincryptocurrencyvaluereceivedatcentralizedexchanges,rankingOn-chainretailvaluereceivedatcentralizedexchanges,ranking19151420Numberofon-chaindeposits,ranking4217n/a94n/a71n/a388Peer-to-peer(P2P)exchangetradevolume,rankingOn-chaincryptocurrencyvaluereceivedfromDeFiprotocols,rankingn/an/a12On-chainretailvaluereceivedfromDeFiprotocols,rankingn/an/a11817Description:TheUnitedKingdomwasbelievedtobeinthetop20countriesintheworldin2022withregardtocryptoadoption.Thisisaccordingtoamodelbasedonwebsitetrafficpatternsfromindividualwebsitesusedforcryptocurrencytransactions.TheUKranksconsistentlyinthetop20throughouttheyearsunderconsideration,althoughitsP2PactivitiesseemtoloweritsglobalrankingwhencomparedtocountriesfromAsia.ReadmoreNote(s):UnitedKingdom;July2020toJune2023;Ranking(1=highest,146=lowest);Weightedbypurchasingpowerparity(Source(s):Chainalysis;percapitaDistributionofdomesticandcross-bordere-commercerevenuesin2023,bycountryDomesticandcross-bordere-commercerevenueshare2023,bycountryShareofrevenueCross-border

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3%98%97%97%97%97%97%97%96%96%96%95%94%FinlandGermanyUnitedKingdomArgentina4%4%4%5%6%Indonesia18Description:TheDigitalMarketOutlookestimatesthattheshareofcross-bordere-commerceretailrevenuein2023willbeonlyaroundtwopercentinJapan.TheUnitedStatesandChinaalsohadarelativelylowshareofcross-boarderrevenue,atthreepercent.BelgiumandAustria,ontheotherhand,hadasignificantlyhighershareoftheire-commercerevenuegeneratedcross-border,at32and19percent,respectively.

ReadmoreNote(s):Worldwide;estimatesSource(s):DigitalMarketInsightsShareofdigitallyinitiatedremittancesintheUnitedKingdom(UK)from2ndquarter2016to3rdquarter2023,basedonremittanceoutflowtowardsanyothercountryQuarterlymarketshareofoutgoingdigitalremittancesintheUK2016-2023TraditionallyinitiatedDigitallyinitiatedDigitalend-to-end120%100%80%60%40%20%0%Q2

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Q320162016201620172017201720172018201820182018201920192019201920202020202020202021202120212021202220222022202220232023202319Description:TheshareofdigitalremittancesleavingtheUnitedKingdomwasslightlyhigherin2023thaninpreviousyears,takingupthemajorityofmoneytransfers.Thisisaccordingtoacustom-madecalculationfrombasedonthenumberofreportedremittancechannelsgoingawayfromtheUK.ThethreecountriestheUnitedKingdomsendsthehighestvalueofremittancesincludeIndia,Pakistan,andNigeria.Remittancesarearelativelyunchartedtopic,though.Whilefiguresexistonthetotal[...]ReadmoreNote(s):UnitedKingdom;September2023;Figuresarebasedontheremittancechannelsthatexistinaremittancesendingand/orreceivingcountry;Seethe"Details"tabformoreinformationonthecategorizationSource(s):WorldBank(RemittancePricesWorldwide)CHAPTER

03BiggestbrandsMarketshareofpaymentcardbrands-Visa,Mastercard,AmericanExpress,orin-marketlocalcardschemes-intheUnitedKingdom(UK)from2016to2022BiggestinternationalanddomesticpaymentcardschemesintheUK2016-2022VisaMastercardAmericanExpressOthers120%100%80%60%40%20%0%201620172018201920202021202221Description:Visa'smarketshareintheUKdecreasedsixpercentagepointsbetween2020and2021,althoughitremainedthecountry'sbiggestpaymentcardbrand.Itisassumedthatmostpaymentsconductedwiththesetwobrandsarecreditcredits,althoughcontactlessdebitcardspaymentsdoplayabigroleintheUnitedKingdom.Forexample,approximately84.4milliondebitcardswiththeabilitytomakecontactlesspaymentswereissuedasofOctober2019.

ReadmoreNote(s):UnitedKingdom;2016to2022;Basedontotaltransactionvalue,eitheronlineorofflineSource(s):GlobalData;PPRO;WorldpayMostusedmobilepaymentsbybrandintheUKasofDecember2023MostusedmobilepaymentsbybrandintheUK2023Shareofrespondents0%10%20%30%40%50%60%70%68%ApplePayGooglePay31%30%PayPalCashApp12%10%9%8%MastercardClicktoPay(Masterpass)RevolutSamsungPayBitpay6%5%4%3%3%2%ChasePayFitbitPayBoon.GarminPayOther22Description:WeaskedUKconsumersabout"Mostusedmobilepaymentsbybrand"andfoundthat"ApplePay"takesthetopspot,while"GarminPay"isattheotherendoftheranking.ReadmoreNote(s):UnitedKingdom;JanuarytoDecember2023;1336respondents;18-64years;respondentswhousedmobilepaymentinrestaurants,storesandotherpointsofsaleinthepast12months(Health,Finance,Insurance)Source(s):

ConsumerInsightsMostusedonlinepaymentsbybrandintheUKasofDecember2023MostusedonlinepaymentsbybrandintheUK2023Shareofrespondents0%10%20%30%40%50%60%70%80%90%100%PayPal82%ApplePay39%VisaCheckout28%GooglePay25%AmazonPay20%19%KlarnaClearpay13%MastercardClicktoPay(Masterpass)10%LaybuyAstroPay4%2%2%SkrillMetaPay(Facebook)Neteller1%1%1%1%TrustlyOther23Description:WeaskedUKconsumersabout"Mostusedonlinepaymentsbybrand"andfoundthat"PayPal"takesthetopspot,while"Trustly"isattheotherendoftheranking.ReadmoreNote(s):UnitedKingdom;JanuarytoDecember2023;2369respondents;18-64years;respondentswhousedonlinepaymentmethods(Health,Finance,Insurance)Source(s):ConsumerInsightsBiggestbuynow,paylater(BNPL)appsintheUnitedKingdom(UK)from1stquarterof2015to4thquarterof2023,bynumberofdownloadsBiggestbuynow,paylater(BNPL)appsintheUK2015-2023,basedondownloadsPayPal*KlarnaAfterpayZilchLaybuyTabbyCredPal3,000,0002,500,0002,000,0001,500,0001,000,000500,000024Description:KlarnadownloadsintheUnitedKingdomwerenotashighasthoseofPayPalin2022,butthedifferencebetweenthetwoappswasgettingsmaller.Thisisaccordingtoresearchintoapproximately150differentappsthateitherofferbuynow,paylaterdirectlyorarecloselyaffiliatedwithit.NoticeablefortheUKistheirrelativelylargevarietyofBNPLproviders,similartotheUnitedStates.Additionally,theUKboastsseverallocalBNPLfintechssuchasZilchandLaybuy.Thisadoptionmay[...]ReadmoreNote(s):UnitedKingdom;March2024Source(s):AppMagic;BuiltWith;BusinessWire;CBInsights;ecommerceDB.com;Fincog;PayU;SiftedBiggestwalletsforcryptocurrencystorageintheUnitedKingdom(UK)from1stquarterof2015to4thquarterof2023,bynumberofdownloadsBiggestcryptocurrencywalletsintheUK2015-2023,basedondownloadsKrakenCoinbaseWalletBybitCoinbaseBitgetMetaMaskBinanceeToroKrakenProOKXBitcoin&CryptoDeFiWallet

MEXCSweatWallet

WirexTrust3,500,0003,000,0002,500,0002,000,0001,500,0001,000,000500,000025Description:BinanceremainedthemostpopularcryptowalletintheUKinQ42022,asSweat'sinitialimpactafterreleasedeclinedinthatquarter.Thisisaccordingtoanestimateusingroughly150differentappsthatofferacryptowalletfunctionfromacrosstheworld.Walletsarebutonetypeofappthatinteractwithdecentralizeddigitalassets,althoughitcanbedifficulttoseparatethedifferentapplicationsfromeachother.Cryptowalletsareoftenusedforcryptostorage,andlesssoforpayments.[...]

ReadmoreNote(s):UnitedKingdom;March2024;Thisstatisticistheresultofresearchintoover190differentappsusedforBNPLacrosstheworld.Formoreinformation,seethe"Details"tab;The15appsondisplayheremadeup88.5percentofall[...]

ReadmoreSource(s):AppMagic;CoinGecko;Website(CryptoSlate)Brandswiththehighestnumberofreal-time(instant)paymenttransactionsworldwidein2022(inbillions)Biggestreal-timepaymentsbrandsworldwidein2022,basedonnumberoftransactionsTransactioncountinbillions01020304050607080UPI(India)Pix(Brazil)7424IBPS(China)1615PromptPay(Thailand)EBS(SouthKorea)8Venmo,Zelle(UnitedStates)NIBSS(Nigeria)65FasterPayments(UnitedKingdom)ZenginSystem(Japan)PayNet(Malaysia)422Bizum(Spain)1BI-FAST(Indonesia)126Description:UPIinIndiaandPixinBraziltogetherreachednearly100billiontransactionsin2022,makingthemthelargestbrandsinreal-timepayments.RTPisespeciallycommoninAsia-Pacific.TransactionsinIndiaarealmostfivetimeshigherasinChina.SystemsintheUnitedStates-suchastheprivatelyownedVenmoandZelleintheUnitedStates,orthepublicinterbanksystemofFasterPaymentsintheUK-aremuchsmallerincomparison.Real-timepaymentsgenerallyhavetwomain[...]

ReadmoreNote(s):Brazil,China,India,Indonesia,Japan,SouthKorea,Malaysia,Nigeria,Spain,Thailand,UnitedKingdom,UnitedStates;August2023;thesourcecombinedvarioussourcestogether.MissingcountriesareprobablybecausethesourcedidnotincludetheminitsresearchSource(s):BankforInternationalSettlements;BankIndonesia;BankNegaraMalaysia;BankofKorea;BankofSpain;BankofThailand;CentralBankofBrazil;CentralBankofNigeria;NPCI;NTTData;PayPal;People'sBankofChina;ZelleBiggestbrandsforremittancesintheUnitedKingdom(UK)from1stquarter2011to3rdquarter2023,basedonremittanceoutflowtowardsanyothercountryQuarterlymarketshareofoutgoingremittancebrandsintheUK2011-2023WesternUnionSmallWorldCashMinuteRemitlyRiaACEMoneyTransferMoneyGramWiseOtherWorldRemitEcoBankRapidTransfer120%100%80%60%40%20%0%27Description:WesternUnionwasusedthemostforoutgoingremittancesfromtheUKin2023,althoughitsmarketsharewasrelativelylowduetohowmanyprovidersarepresent.Thisisaccordingtoacustom-madecalculationfrombasedonthenumberofreportedremittancechannelsgoingawayfromtheUnitedKingdom.ThethreecountriestowhichtheUKsendsthehighestvalueofremittancesareIndia,Pakistan,andNigeria.Remittancesarearelativelyunchartedtopic,though.[...]

ReadmoreNote(s):UnitedKingdom;September2023;Figuresarebasedontheremittancechannelsthatexistinaremittancesendingand/orreceivingcountry.Source(s):WorldBank(RemittancePricesWorldwide)CHAPTER

04UsersTotalnumberofcreditcardsanddebitcardsincirculationintheUnitedKingdom(UK)from2000to2022AnnualcreditcardanddebitcardsissuedintheUK2000-2022CreditcardsDebitcards120,000,000100,000,00080,000,00060,000,00040,000,00020,000,00002000

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202229Description:Approximately35percentofpaymentcardsissuedintheUnitedKingdom(UK)werecreditcards,reachingatotalofover60millionin2021.Debitcardswerefoundmoreofteninthecountry,asthatyeartherewerearound107millionofthesecards.Thenumbersprovidedareestimates,basedonthefigurescentralbankshavetosupply.Owningapaymentcarddoesnotimmediatelyindicateitgetsusedoften,astherearelargedifferenceswithinEuropewhenitcomestotheuseofcertain[...]

ReadmoreNote(s):UnitedKingdom;2000to2022;Figureswerereleasedinearly2024,andhaveasignificantpublicationdelayduetodomesticdatacollectionandreporting.Source(s):BankforInternationalSettlements;UKFinanceShareofindividualswhoownacreditcardintheUnitedKingdom(UK)in2011,2014,2017and2021withaforecastfor2024,byage,gender,andincomelevelTriennialcreditcardpenetrationintheUK2011-2024,bydemographic201151.6%-201461.7%55.3%201765.4%59.1%202162.1%50.6%2024*68.5%50.1%-OwnershipUsedacreditcardGender:Male55.5%48%64.9%58.6%64.7%66%60.1%64%64.2%72.5%-FemaleAgegroup:15-24years25yearsandolderIncomelevel:Poorest40%Richest60%19.1%56.1%30.1%65.7%48.6%68.4%53.6%63%67.8%68.6%-39.4%60.3%50.2%69.2%58.1%70.2%59.9%63.6%68.7%67.9%30Description:ThisstatisticpresentsatimelinewiththeshareofindividualswhoownedacreditcardinUnitedKingdom(UK)between2011and2017.In2017,approximately65percentofindividualsabovethelegalageofrequirementownedacreditcard,anincreaseof13percentfrom2011.ReadmoreNote(s):AugusttoNovember2021;approx.1,000percountry;15yearsandolder;Entirecivilian,noninstituti