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UK Card Expenditure Statistics: October 2016

  • There are now 100 million contactless cards in circulation, with £2.8 billion spent using contactless in October
  • Total card spending in October increased by 0.8 per cent, with a record monthly spend of £55 billion, the majority of which was on debit cards
  • The number of card purchases increased to 1.3 billion transactions, up by 0.9 per cent on September
  • Card spending online grew by 0.8 per cent to £12.9 billion, representing 23 per cent of total card spending. At 160 million, the number of online purchases represented 13 per cent of total card payments
  • Merchants offering leisure goods and services, such as digital entertainment providers and cinema, theatre and dance establishments, saw the strongest monthly increase in spending. There was also a notable rise in spending at sweet stores, likely due to Halloween.

Richard Koch, Head of Policy at The UK Cards Association, said:

“Cards continue to play a central role in the economy and our wallets. As the preferred way to pay for the majority of consumers, spending on cards will only increase.”

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