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Financial Cards and Payments in the United Kingdom

  • ID: 2395076
  • Report
  • November 2020
  • Region: United Kingdom
  • 64 pages
  • Euromonitor International
Consumer payments in the UK have been negatively impacted by the COVID-19 pandemic. Both transaction volume and value recorded a decline, with the latter seeing a bigger drop than the former. The average spend per transaction also declined in 2020, falling below GBP30. All of these drops are due to the uncertain economic situation, with the decline in consumer expenditure driven by the record high fall in real GDP and the increasing unemployment rate in 2020.

The publisher's Financial Cards and Payments 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: Financial Cards in Circulation, M-Commerce, 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 Financial Cards and Payments 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.
Note: Product cover images may vary from those shown
EXECUTIVE SUMMARY
  • COVID-19 impact on consumer payments
  • Increase in the contactless limit and payment holidays to support consumer payments
  • Digitisation and security of payments drive the market after shift to online shopping
  • Barclays and Visa remain the market leaders in the UK
  • What next for consumer payments?
MARKET INDICATORS
  • Table 1 Number of POS Terminals: Units 2015-2020
  • Table 2 Number of ATMs: Units 2015-2020
  • Table 3 Value Lost to Fraud 2015-2020
  • Table 4 Card Expenditure by Location 2020
  • Table 5 Financial Cards in Circulation by Type: % Number of Cards 2015-2020
  • Table 6 Domestic versus Foreign Spend 2020
MARKET DATA
  • Table 7 Financial Cards by Category: Number of Cards in Circulation 2015-2020
  • Table 8 Financial Cards by Category: Number of Accounts 2015-2020
  • Table 9 Financial Cards Transactions by Category: Value 2015-2020
  • Table 10 Financial Cards by Category: Number of Transactions 2015-2020
  • Table 11 Consumer Payments by Category: Value 2015-2020
  • Table 12 Consumer Payments by Category: Number of Transactions 2015-2020
  • Table 13 M-Commerce by Category: Value 2015-2020
  • Table 14 M-Commerce by Category: % Value Growth 2015-2020
  • Table 15 Financial Cards: Number of Cards by Issuer 2015-2019
  • Table 16 Financial Cards: Number of Cards by Operator 2015-2019
  • Table 17 Financial Cards: Card Payment Transactions Value by Operator 2015-2019
  • Table 18 Financial Cards: Card Payment Transactions Value by Issuer 2015-2019
  • Table 19 Forecast Financial Cards by Category: Number of Cards in Circulation 2020-2025
  • Table 20 Forecast Financial Cards by Category: Number of Accounts 2020-2025
  • Table 21 Forecast Financial Cards Transactions by Category: Value 2020-2025
  • Table 22 Forecast Financial Cards by Category: Number of Transactions 2020-2025
  • Table 23 Forecast Consumer Payments by Category: Value 2020-2025
  • Table 24 Forecast Consumer Payments by Category: Number of Transactions 2020-2025
  • Table 25 Forecast M-Commerce by Category: Value 2020-2025
  • Table 26 Forecast M-Commerce by Category: % Value Growth 2020-2025
DISCLAIMER

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

SOURCES
  • Summary 1 Research Sources
KEY DATA FINDINGS

2020 IMPACT
  • Debit card payments boosted by contactless limit increasing to GBP45
  • Transaction value declines, driven by strong drop in commercial value
  • Segmented debit cards still attracting new players
RECOVERY AND OPPORTUNITIES
  • Recovery of transaction value will be facilitated by the restart of normal business operations
  • Visa supports small businesses in digitisation in order to boost the recovery
  • Security and fraud prevention is at the forefront of payments
CATEGORY DATA
  • Table 27 Debit Cards: Number of Cards in Circulation 2015-2020
  • Table 28 Debit Cards Transactions 2015-2020
  • Table 29 Debit Cards in Circulation: % Growth 2015-2020
  • Table 30 Debit Cards Transactions: % Growth 2015-2020
  • Table 31 Debit Cards: Number of Cards by Issuer 2015-2019
  • Table 32 Debit Cards: Number of Cards by Operator 2015-2019
  • Table 33 Debit Cards Payment Transaction Value by Issuer 2015-2019
  • Table 34 Debit Cards Payment Transaction Value by Operator 2015-2019
  • Table 35 Forecast Debit Cards: Number of Cards in Circulation 2020-2025
  • Table 36 Forecast Debit Cards Transactions 2020-2025
  • Table 37 Forecast Debit Cards in Circulation: % Growth 2020-2025
  • Table 38 Forecast Debit Cards Transactions: % Growth 2020-2025
KEY DATA FINDINGS

2020 IMPACT
  • Customers repay record amount of credit during lockdown due to declining consumer confidence
  • Lenders provide payment holidays to support customers during the pandemic
  • Players extending their offers due to COVID-19
RECOVERY AND OPPORTUNITIES
  • Commercial cards are expected to record a quicker recovery than personal cards
  • Government restrictions on credit card usage to avoid debt accumulation
  • Attempts being made to boost high street retail and credit card payments
CATEGORY DATA
  • Table 39 Credit Cards: Number of Cards in Circulation 2015-2020
  • Table 40 Credit Cards Transactions 2015-2020
  • Table 41 Credit Cards in Circulation: % Growth 2015-2020
  • Table 42 Credit Cards Transactions: % Growth 2015-2020
  • Table 43 Commercial Credit Cards: Number of Cards in Circulation 2015-2020
  • Table 44 Commercial Credit Cards Transactions 2015-2020
  • Table 45 Commercial Credit Cards in Circulation: % Growth 2015-2020
  • Table 46 Commercial Credit Cards Transactions: % Growth 2015-2020
  • Table 47 Personal Credit Cards: Number of Cards in Circulation 2015-2020
  • Table 48 Personal Credit Cards Transactions 2015-2020
  • Table 49 Personal Credit Cards in Circulation: % Growth 2015-2020
  • Table 50 Personal Credit Cards Transactions: % Growth 2015-2020
  • Table 51 Credit Cards: Number of Cards by Issuer 2015-2019
  • Table 52 Credit Cards: Number of Cards by Operator 2015-2019
  • Table 53 Credit Cards Payment Transaction Value by Issuer 2015-2019
  • Table 54 Credit Cards Payment Transaction Value by Operator 2015-2019
  • Table 55 Commercial Credit Cards: Number of Cards by Issuer 2015-2019
  • Table 56 Commercial Credit Cards: Number of Cards by Operator 2015-2019
  • Table 57 Commercial Credit Cards Payment Transaction Value by Issuer 2015-2019
  • Table 58 Commercial Credit Cards Payment Transaction Value by Operator 2015-2019
  • Table 59 Personal Credit Cards: Number of Cards by Issuer 2015-2019
  • Table 60 Personal Credit Cards: Number of Cards by Operator 2015-2019
  • Table 61 Personal Credit Cards Payment Transaction Value by Issuer 2015-2019
  • Table 62 Personal Credit Cards Payment Transaction Value by Operator 2015-2019
  • Table 63 Forecast Credit Cards: Number of Cards in Circulation 2020-2025
  • Table 64 Forecast Credit Cards Transactions 2020-2025
  • Table 65 Forecast Credit Cards in Circulation: % Growth 2020-2025
  • Table 66 Forecast Credit Cards Transactions: % Growth 2020-2025
  • Table 67 Forecast Commercial Credit Cards: Number of Cards in Circulation 2020-2025
  • Table 68 Forecast Commercial Credit Cards Transactions 2020-2025
  • Table 69 Forecast Commercial Credit Cards in Circulation: % Growth 2020-2025
  • Table 70 Forecast Commercial Credit Cards Transactions: % Growth 2020-2025
  • Table 71 Forecast Personal Credit Cards: Number of Cards in Circulation 2020-2025
  • Table 72 Forecast Personal Credit Cards Transactions 2020-2025
  • Table 73 Forecast Personal Credit Cards in Circulation: % Growth 2020-2025
  • Table 74 Forecast Personal Credit Cards Transactions: % Growth 2020-2025
KEY DATA FINDINGS

2020 IMPACT
  • The pandemic further accelerates the decline in charge card usage
  • Average spend per transaction falls in 2020
  • Stable competitive landscape in both personal and commercial charge cards
RECOVERY AND OPPORTUNITIES
  • Mature charge cards expected to continue declining during the forecast period
  • Reward schemes continue to distinguish between offers
  • Control function and broadened rewards provide opportunities for charge cards
CATEGORY DATA
  • Table 75 Charge Cards: Number of Cards in Circulation 2015-2020
  • Table 76 Charge Cards Transactions 2015-2020
  • Table 77 Charge Cards in Circulation: % Growth 2015-2020
  • Table 78 Charge Cards Transactions: % Growth 2015-2020
  • Table 79 Commercial Charge Cards: Number of Cards in Circulation 2015-2020
  • Table 80 Commercial Charge Cards Transactions 2015-2020
  • Table 81 Commercial Charge Cards in Circulation: % Growth 2015-2020
  • Table 82 Commercial Charge Cards Transactions: % Growth 2015-2020
  • Table 83 Personal Charge Cards: Number of Cards in Circulation 2015-2020
  • Table 84 Personal Charge Cards Transactions 2015-2020
  • Table 85 Personal Charge Cards in Circulation: % Growth 2015-2020
  • Table 86 Personal Charge Cards Transactions: % Growth 2015-2020
  • Table 87 Charge Cards: Number of Cards by Issuer 2015-2019
  • Table 88 Charge Cards: Number of Cards by Operator 2015-2019
  • Table 89 Charge Cards Payment Transaction Value by Issuer 2015-2019
  • Table 90 Charge Cards Payment Transaction Value by Operator 2015-2019
  • Table 91 Commercial Charge Cards: Number of Cards by Issuer 2015-2019
  • Table 92 Commercial Charge Cards: Number of Cards by Operator 2015-2019
  • Table 93 Commercial Charge Cards Payment Transaction Value by Issuer 2015-2019
  • Table 94 Commercial Charge Cards Payment Transaction Value by Operator 2015-2019
  • Table 95 Personal Charge Cards: Number of Cards by Issuer 2015-2019
  • Table 96 Personal Charge Cards: Number of Cards by Operator 2015-2019
  • Table 97 Personal Charge Cards Transaction Value by Issuer 2015-2019
  • Table 98 Personal Charge Cards Transaction Value by Operator 2015-2019
  • Table 99 Forecast Charge Cards: Number of Cards in Circulation 2020-2025
  • Table 100 Forecast Charge Cards Transactions 2020-2025
  • Table 101 Forecast Charge Cards in Circulation: % Growth 2020-2025
  • Table 102 Forecast Charge Cards Transactions: % Growth 2020-2025
  • Table 103 Forecast Commercial Charge Cards: Number of Cards in Circulation 2020-2025
  • Table 104 Forecast Commercial Charge Cards Transactions 2020-2025
  • Table 105 Forecast Commercial Charge Cards in Circulation: % Growth 2020-2025
  • Table 106 Forecast Commercial Charge Cards Transactions: % Growth 2020-2025
  • Table 107 Forecast Personal Charge Cards: Number of Cards in Circulation 2020-2025
  • Table 108 Forecast Personal Charge Cards Transactions 2020-2025
  • Table 109 Forecast Personal Charge Cards in Circulation: % Growth 2020-2025
  • Table 110 Forecast Personal Charge Cards Transactions: % Growth 2020-2025
KEY DATA FINDINGS

2020 IMPACT
  • Merchant-issued gift cards continue to grow due to a lack of physical gifting
  • Control function of open-loop cards proves a benefit during and after the pandemic
  • Ban on Wirecard-issued pre-paid card transactions hinders customer payments
RECOVERY AND OPPORTUNITIES
  • Pre-paid cards to continue recording value growth over the forecast period
  • Pre-paid cards to benefit from increased emphasis on managing finances
  • Recovery of tourism to boost closed-loop transactions
CATEGORY DATA
  • Table 111 Pre-paid Cards: Number of Cards in Circulation 2015-2020
  • Table 112 Pre-paid Cards Transactions 2015-2020
  • Table 113 Pre-paid Cards in Circulation: % Growth 2015-2020
  • Table 114 Pre-paid Cards Transactions: % Growth 2015-2020
  • Table 115 Closed Loop Pre-paid Cards Transactions 2015-2020
  • Table 116 Closed Loop Pre-paid Cards Transactions: % Growth 2015-2020
  • Table 117 Open Loop Pre-paid Cards Transactions 2015-2020
  • Table 118 Open Loop Pre-paid Cards Transactions: % Growth 2015-2020
  • Table 119 Pre-paid Cards: Number of Cards by Issuer 2015-2019
  • Table 120 Pre-paid Cards: Number of Cards by Operator 2015-2019
  • Table 121 Pre-paid Cards Transaction Value by Issuer 2015-2019
  • Table 122 Pre-paid Cards Transaction Value by Operator 2015-2019
  • Table 123 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2015-2019
  • Table 124 Closed Loop Pre-paid Cards: Number of Cards by Operator 2015-2019
  • Table 125 Closed Loop Pre-paid Cards Transaction Value by Issuer 2015-2019
  • Table 126 Closed Loop Pre-paid Cards Transaction Value by Operator 2015-2019
  • Table 127 Open Loop Pre-paid Cards: Number of Cards by Issuer 2015-2019
  • Table 128 Open Loop Pre-paid Cards: Number of Cards by Operator 2015-2019
  • Table 129 Open Loop Pre-paid Cards Transaction Value by Issuer 2015-2019
  • Table 130 Open Loop Pre-paid Cards Transaction Value by Operator 2015-2019
  • Table 131 Forecast Pre-paid Cards: Number of Cards in Circulation 2020-2025
  • Table 132 Forecast Pre-paid Cards Transactions 2020-2025
  • Table 133 Forecast Pre-paid Cards in Circulation: % Growth 2020-2025
  • Table 134 Forecast Pre-paid Cards Transactions: % Growth 2020-2025
  • Table 135 Forecast Closed Loop Pre-paid Cards Transactions 2020-2025
  • Table 136 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2020-2025
  • Table 137 Forecast Open Loop Pre-paid Cards Transactions 2020-2025
  • Table 138 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2020-2025
KEY DATA FINDINGS

2020 IMPACT
  • Store cards the hardest hit card type due to high street closures
  • Store cards users to benefit from payment holidays scheme
  • Stable competitive landscape among the few players present in store cards
RECOVERY AND OPPORTUNITIES
  • Struggles in the retail industry result in card schemes being discontinued in 2020
  • Customers will prefer other card functions in the forecast period
  • Co-branded credit cards could be good substitutes for store cards
CATEGORY DATA
  • Table 139 Store Cards: Number of Cards in Circulation 2015-2020
  • Table 140 Store Cards Transactions 2015-2020
  • Table 141 Store Cards in Circulation: % Growth 2015-2020
  • Table 142 Store Cards Transactions: % Growth 2015-2020
  • Table 143 Store Cards: Number of Cards by Issuer 2015-2019
  • Table 144 Store Cards: Payment Transaction Value by Issuer 2015-2019
  • Table 145 Forecast Store Cards: Number of Cards in Circulation 2020-2025
  • Table 146 Forecast Store Cards Transactions 2020-2025
  • Table 147 Forecast Store Cards in Circulation: % Growth 2020-2025
  • Table 148 Forecast Store Cards Transactions: % Growth 2020-2025
Note: Product cover images may vary from those shown
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