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Country Report

Debit Transactions in

Debit Cards in the United Kingdom

18 pages, Nov 2018

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

PROSPECTS

Debit cards overtake cash as the most frequent payment method in 2018

Debit cards replaced cash as the most popular payment method in 2018 among UK consumers. The convenience of contactless technology, which is embedded in 80% of the cards in circulation, has made debit card transactions easier and quicker.

Open banking puts the future growth of debit cards at risk

The establishment of open banking in 2018 makes it possible for authorised firms to take payments directly from a customer’s current account. This may pose a threat to the use of debit cards online.

Companies recognise the advantages of business debit cards

Companies increasingly used business debit cards over the review period, with this trend expected to continue. These cards allow for better control of spending and do not allow users to build up debt.

COMPETITIVE LANDSCAPE

Mastercard is seeking expansion in the UK

At present, Visa is the major issuer of debit cards in the UK. Among others, the company provides debit cards to the largest UK retail banks like Barclays, Lloyds and HSBC.

Monzo challenges the financial cards industry again

The app-only bank Monzo has decided to switch all of its pre-paid cards to current accounts, to which a debit card is linked. The conversion was officially completed in April 2018, with its customers appearing to have responded positively to the change as the majority are actively using their accounts.

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Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

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Overview

Discover the latest market trends and uncover sources of future market growth for the Debit Transactions industry in United Kingdom with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Debit Transactions industry in United Kingdom, our research will save you time and money while empowering you to make informed, profitable decisions.

The Debit Transactions in United Kingdom market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation of international and local products
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Debit Transactions in United Kingdom?
What are the major operators and issuers in United Kingdom?
What is the current state and expected evolution of consumer payment preference?
What payment instrument offers the highest growth potential?
What strategies and positioning have consumer finance companies utilized to win in the market?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply functions

Euromonitor’s industry reports, including Debit Transactions in United Kingdom, originate from our database within our Consumer Finance market share and market size database.

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Charge Cards in the United Kingdom - Category analysis

Charge Cards in the United Kingdom - Company Profile

HEADLINES

PROSPECTS

Consumers gradually abandoning charge cards

Usage of commercial charge cards is falling

Uncertainty about consumers’ ability to spend plays against charge cards

COMPETITIVE LANDSCAPE

American Express maintains its leading position in personal charge cards

Royal Bank of Scotland and Barclays are the major local issuers of commercial charge cards

Competing through rewards the only likely successful strategy in a declining category

CATEGORY DATA

Table 1 Charge Cards: Number of Cards in Circulation 2013-2018
Table 2 Charge Cards Transactions 2013-2018
Table 3 Charge Cards in Circulation: % Growth 2013-2018
Table 4 Charge Cards in Circulation: % Growth 2013-2017
Table 5 Charge Cards Transactions: % Growth 2013-2018
Table 6 Charge Cards Transactions: % Growth 2013-2017
Table 7 Commercial Charge Cards: Number of Cards in Circulation 2013-2018
Table 8 Commercial Charge Cards Transactions 2013-2018
Table 9 Commercial Charge Cards in Circulation: % Growth 2013-2018
Table 10 Commercial Charge Cards in Circulation: % Growth 2013-2014
Table 11 Commercial Charge Cards Transactions: % Growth 2013-2018
Table 12 Commercial Charge Cards Transactions: % Growth 2013-2014
Table 13 Personal Charge Cards: Number of Cards in Circulation 2013-2018
Table 14 Personal Charge Cards Transactions 2013-2018
Table 15 Personal Charge Cards in Circulation: % Growth 2013-2018
Table 16 Personal Charge Cards Transactions: % Growth 2013-2018
Table 17 Charge Cards: Number of Cards by Issuer 2013-2017
Table 18 Charge Cards: Number of Cards by Operator 2013-2017
Table 19 Charge Cards Payment Transaction Value by Issuer 2013-2017
Table 20 Charge Cards Payment Transaction Value by Operator 2013-2017
Table 21 Commercial Charge Cards: Number of Cards by Issuer 2013-2017
Table 22 Commercial Charge Cards: Number of Cards by Operator 2013-2017
Table 23 Commercial Charge Cards Payment Transaction Value by Issuer 2013-2017
Table 24 Commercial Charge Cards Payment Transaction Value by Operator 2013-2017
Table 25 Personal Charge Cards: Number of Cards by Issuer 2013-2017
Table 26 Personal Charge Cards: Number of Cards by Operator 2013-2017
Table 27 Personal Charge Cards Transaction Value by Issuer 2013-2017
Table 28 Personal Charge Cards Transaction Value by Operator 2013-2017
Table 29 Forecast Charge Cards: Number of Cards in Circulation 2018-2023
Table 30 Forecast Charge Cards Transactions 2018-2023
Table 31 Forecast Charge Cards in Circulation: % Growth 2018-2023
Table 32 Forecast Charge Cards Transactions: % Growth 2018-2023
Table 33 Forecast Commercial Charge Cards: Number of Cards in Circulation 2018-2023
Table 34 Forecast Commercial Charge Cards Transactions 2018-2023
Table 35 Forecast Commercial Charge Cards in Circulation: % Growth 2018-2023
Table 36 Forecast Commercial Charge Cards Transactions: % Growth 2018-2023
Table 37 Forecast Personal Charge Cards: Number of Cards in Circulation 2018-2023
Table 38 Forecast Personal Charge Cards Transactions 2018-2023
Table 39 Forecast Personal Charge Cards in Circulation: % Growth 2018-2023
Table 40 Forecast Personal Charge Cards Transactions: % Growth 2018-2023

Credit Cards in the United Kingdom - Category analysis

Credit Cards in the United Kingdom - Company Profile

HEADLINES

PROSPECTS

New rules on credit card debt help indebted consumers

Uncertain economic conditions affect credit card spending

The removal of fees on credit card payments affects reward schemes

COMPETITIVE LANDSCAPE

Lloyds acquires MBNA’s credit card business to strengthen its position in the UK

Mastercard and Visa remain the major issuers

CATEGORY DATA

Table 41 Credit Cards: Number of Cards in Circulation 2013-2018
Table 42 Credit Cards Transactions 2013-2018
Table 43 Credit Cards in Circulation: % Growth 2013-2018
Table 44 Credit Cards Transactions: % Growth 2013-2018
Table 45 Commercial Credit Cards: Number of Cards in Circulation 2013-2018
Table 46 Commercial Credit Cards Transactions 2013-2018
Table 47 Commercial Credit Cards in Circulation: % Growth 2013-2018
Table 48 Commercial Credit Cards Transactions: % Growth 2013-2018
Table 49 Personal Credit Cards: Number of Cards in Circulation 2013-2018
Table 50 Personal Credit Cards Transactions 2013-2018
Table 51 Personal Credit Cards in Circulation: % Growth 2013-2018
Table 52 Personal Credit Cards Transactions: % Growth 2013-2018
Table 53 Credit Cards: Number of Cards by Issuer 2013-2017
Table 54 Credit Cards: Number of Cards by Operator 2013-2017
Table 55 Credit Cards Payment Transaction Value by Issuer 2013-2017
Table 56 Credit Cards Payment Transaction Value by Operator 2013-2017
Table 57 Commercial Credit Cards: Number of Cards by Issuer 2013-2017
Table 58 Commercial Credit Cards: Number of Cards by Operator 2013-2017
Table 59 Commercial Credit Cards Payment Transaction Value by Issuer 2013-2017
Table 60 Commercial Credit Cards Payment Transaction Value by Operator 2013-2017
Table 61 Personal Credit Cards: Number of Cards by Issuer 2013-2017
Table 62 Personal Credit Cards: Number of Cards by Operator 2013-2017
Table 63 Personal Credit Cards Payment Transaction Value by Issuer 2013-2017
Table 64 Personal Credit Cards Payment Transaction Value by Operator 2013-2017
Table 65 Forecast Credit Cards: Number of Cards in Circulation 2018-2023
Table 66 Forecast Credit Cards Transactions 2018-2023
Table 67 Forecast Credit Cards in Circulation: % Growth 2018-2023
Table 68 Forecast Credit Cards Transactions: % Growth 2018-2023
Table 69 Forecast Commercial Credit Cards: Number of Cards in Circulation 2018-2023
Table 70 Forecast Commercial Credit Cards Transactions 2018-2023
Table 71 Forecast Commercial Credit Cards in Circulation: % Growth 2018-2023
Table 72 Forecast Commercial Credit Cards Transactions: % Growth 2018-2023
Table 73 Forecast Personal Credit Cards: Number of Cards in Circulation 2018-2023
Table 74 Forecast Personal Credit Cards Transactions 2018-2023
Table 75 Forecast Personal Credit Cards in Circulation: % Growth 2018-2023
Table 76 Forecast Personal Credit Cards Transactions: % Growth 2018-2023

Debit Cards in the United Kingdom - Category analysis

Debit Cards in the United Kingdom - Company Profile

HEADLINES

PROSPECTS

Debit cards overtake cash as the most frequent payment method in 2018

Open banking puts the future growth of debit cards at risk

Companies recognise the advantages of business debit cards

COMPETITIVE LANDSCAPE

Mastercard is seeking expansion in the UK

Monzo challenges the financial cards industry again

CATEGORY DATA

Table 77 Debit Cards: Number of Cards in Circulation 2013-2018
Table 78 Debit Cards Transactions 2013-2018
Table 79 Debit Cards in Circulation: % Growth 2013-2018
Table 80 Debit Cards Transactions: % Growth 2013-2018
Table 81 Debit Cards: Number of Cards by Issuer 2013-2017
Table 82 Debit Cards: Number of Cards by Operator 2013-2017
Table 83 Debit Cards Payment Transaction Value by Issuer 2013-2017
Table 84 Debit Cards Payment Transaction Value by Operator 2013-2017
Table 85 Forecast Debit Cards: Number of Cards in Circulation 2018-2023
Table 86 Forecast Debit Cards Transactions 2018-2023
Table 87 Forecast Debit Cards in Circulation: % Growth 2018-2023
Table 88 Forecast Debit Cards Transactions: % Growth 2018-2023

Pre-Paid Cards in the United Kingdom - Category analysis

Pre-Paid Cards in the United Kingdom - Company Profile

HEADLINES

PROSPECTS

Merchant issued gift cards on the rise

Contactless financial cards are increasingly replacing transportation cards

General purpose reloadable cards drive open loop pre-paid cards

COMPETITIVE LANDSCAPE

Monzo withdraws its general purpose reloadable cards from the marketplace

Mobile parking apps mark the end of pre-paid parking cards

Mastercard remains the leading issuer of open loop pre-paid cards

CATEGORY DATA

Table 89 Pre-paid Cards: Number of Cards in Circulation 2013-2018
Table 90 Pre-paid Cards Transactions 2013-2018
Table 91 Pre-paid Cards in Circulation: % Growth 2013-2018
Table 92 Pre-paid Cards Transactions: % Growth 2013-2018
Table 93 Closed Loop Pre-paid Cards Transactions 2013-2018
Table 94 Closed Loop Pre-paid Cards Transactions: % Growth 2013-2018
Table 95 Open Loop Pre-paid Cards Transactions 2013-2018
Table 96 Open Loop Pre-paid Cards Transactions: % Growth 2013-2018
Table 97 Pre-paid Cards: Number of Cards by Issuer 2013-2017
Table 98 Pre-paid Cards: Number of Cards by Operator 2013-2017
Table 99 Pre-paid Cards Transaction Value by Issuer 2013-2017
Table 100 Pre-paid Cards Transaction Value by Operator 2013-2017
Table 101 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2013-2017
Table 102 Closed Loop Pre-paid Cards: Number of Cards by Operator 2013-2017
Table 103 Closed Loop Pre-paid Cards Transaction Value by Issuer 2013-2017
Table 104 Closed Loop Pre-paid Cards Transaction Value by Operator 2013-2017
Table 105 Open Loop Pre-paid Cards: Number of Cards by Issuer 2013-2017
Table 106 Open Loop Pre-paid Cards: Number of Cards by Operator 2013-2017
Table 107 Open Loop Pre-paid Cards Transaction Value by Issuer 2013-2017
Table 108 Open Loop Pre-paid Cards Transaction Value by Operator 2013-2017
Table 109 Forecast Pre-paid Cards: Number of Cards in Circulation 2018-2023
Table 110 Forecast Pre-paid Cards Transactions 2018-2023
Table 111 Forecast Pre-paid Cards in Circulation: % Growth 2018-2023
Table 112 Forecast Pre-paid Cards Transactions: % Growth 2018-2023
Table 113 Forecast Closed Loop Pre-paid Cards Transactions 2018-2023
Table 114 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2018-2023
Table 115 Forecast Open Loop Pre-paid Cards Transactions 2018-2023
Table 116 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2018-2023

Store Cards in the United Kingdom - Category analysis

Store Cards in the United Kingdom - Company Profile

HEADLINES

PROSPECTS

Store cards lose credibility in the eyes of consumers

The rise of Payment Protection Insurance complaints

Cashback on debit and credit cards

COMPETITIVE LANDSCAPE

Competition becomes fierce

Players switching to alternative payment methods

CATEGORY DATA

Table 117 Store Cards: Number of Cards in Circulation 2013-2018
Table 118 Store Cards Transactions 2013-2018
Table 119 Store Cards in Circulation: % Growth 2013-2018
Table 120 Store Cards Transactions: % Growth 2013-2018
Table 121 Store Cards: Number of Cards by Issuer 2013-2017
Table 122 Store Cards: Payment Transaction Value by Issuer 2013-2017
Table 123 Forecast Store Cards: Number of Cards in Circulation 2018-2023
Table 124 Forecast Store Cards Transactions 2018-2023
Table 125 Forecast Store Cards in Circulation: % Growth 2018-2023
Table 126 Forecast Store Cards Transactions: % Growth 2018-2023

Financial Cards and Payments in the United Kingdom - Industry Overview

EXECUTIVE SUMMARY

Open banking and the ban on card payment fees disrupt the UK payments industry

2018 marks the start of a new banking era in the UK

Card payments overtake cash transactions

Mobile payment apps prove less disruptive than anticipated

Technology giants have the potential to become the banks of the future

MARKET INDICATORS

Table 127 Number of POS Terminals: Units 2013-2018
Table 128 Number of ATMs: Units 2013-2018
Table 129 Value Lost to Fraud 2013-2018
Table 130 Card Expenditure by Location 2017
Table 131 Financial Cards in Circulation by Type: % Number of Cards 2013-2018
Table 132 Domestic versus Foreign Spend 2018

MARKET DATA

Table 133 Financial Cards by Category: Number of Cards in Circulation 2013-2018
Table 134 Financial Cards by Category: Number of Accounts 2013-2018
Table 135 Financial Cards Transactions by Category: Value 2013-2018
Table 136 Financial Cards by Category: Number of Transactions 2013-2018
Table 137 Consumer Payments by Category: Value 2013-2018
Table 138 Consumer Payments by Category: Number of Transactions 2013-2018
Table 139 M-Commerce by Category: Value 2013-2018
Table 140 M-Commerce by Category: % Value Growth 2013-2018
Table 141 Financial Cards: Number of Cards by Issuer 2013-2017
Table 142 Financial Cards: Number of Cards by Operator 2013-2017
Table 143 Financial Cards: Card Payment Transactions Value by Operator 2013-2017
Table 144 Financial Cards: Card Payment Transactions Value by Issuer 2013-2017
Table 145 Forecast Financial Cards by Category: Number of Cards in Circulation 2018-2023
Table 146 Forecast Financial Cards by Category: Number of Accounts 2018-2023
Table 147 Forecast Financial Cards Transactions by Category: Value 2018-2023
Table 148 Forecast Financial Cards by Category: Number of Transactions 2018-2023
Table 149 Forecast Consumer Payments by Category: Value 2018-2023
Table 150 Forecast Consumer Payments by Category: Number of Transactions 2018-2023
Table 151 Forecast M-Commerce by Category: Value 2018-2023
Table 152 Forecast M-Commerce by Category: % Value Growth 2018-2023

Megatrends

Country Report

Debit Cards in the United Kingdom

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Debit cards overtake cash as the most frequent payment method in 2018

Open banking puts the future growth of debit cards at risk

Companies recognise the advantages of business debit cards

COMPETITIVE LANDSCAPE

Mastercard is seeking expansion in the UK

Monzo challenges the financial cards industry again

Overview

Why buy this report?

SAMPLES

Delivery Method

Overview

Why buy this report?

Want to find out more about this report?

Table of Contents

Charge Cards in the United Kingdom - Category analysis

Charge Cards in the United Kingdom - Company Profile

HEADLINES

PROSPECTS

Consumers gradually abandoning charge cards

Usage of commercial charge cards is falling

Uncertainty about consumers’ ability to spend plays against charge cards

COMPETITIVE LANDSCAPE

American Express maintains its leading position in personal charge cards

Royal Bank of Scotland and Barclays are the major local issuers of commercial charge cards

Competing through rewards the only likely successful strategy in a declining category

CATEGORY DATA

Credit Cards in the United Kingdom - Category analysis

Credit Cards in the United Kingdom - Company Profile

HEADLINES

PROSPECTS

New rules on credit card debt help indebted consumers

Uncertain economic conditions affect credit card spending

The removal of fees on credit card payments affects reward schemes

COMPETITIVE LANDSCAPE

Lloyds acquires MBNA’s credit card business to strengthen its position in the UK

Mastercard and Visa remain the major issuers

CATEGORY DATA

Debit Cards in the United Kingdom - Category analysis

Debit Cards in the United Kingdom - Company Profile

HEADLINES

PROSPECTS

Debit cards overtake cash as the most frequent payment method in 2018

Open banking puts the future growth of debit cards at risk

Companies recognise the advantages of business debit cards

COMPETITIVE LANDSCAPE

Mastercard is seeking expansion in the UK

Monzo challenges the financial cards industry again

CATEGORY DATA

Pre-Paid Cards in the United Kingdom - Category analysis

Pre-Paid Cards in the United Kingdom - Company Profile

HEADLINES

PROSPECTS

Merchant issued gift cards on the rise

Contactless financial cards are increasingly replacing transportation cards

General purpose reloadable cards drive open loop pre-paid cards

COMPETITIVE LANDSCAPE

Monzo withdraws its general purpose reloadable cards from the marketplace

Mobile parking apps mark the end of pre-paid parking cards

Mastercard remains the leading issuer of open loop pre-paid cards

CATEGORY DATA

Store Cards in the United Kingdom - Category analysis

Store Cards in the United Kingdom - Company Profile

HEADLINES

PROSPECTS

Store cards lose credibility in the eyes of consumers

The rise of Payment Protection Insurance complaints

Cashback on debit and credit cards

COMPETITIVE LANDSCAPE

Competition becomes fierce

Players switching to alternative payment methods

CATEGORY DATA

Financial Cards and Payments in the United Kingdom - Industry Overview

EXECUTIVE SUMMARY