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Country Report

Debit Transactions in

Debit Cards in the United Kingdom

Oct 2019

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

Contactless technology, online sales and businesses boost debit card value

Debit cards remained the most popular payment method in the UK in 2019, after overtaking cash in terms of transaction volumes in the review period. Most debit cards are personal rather than commercial, although commercial debit cards saw faster current value growth in 2019, from a low base.

Open banking could put the future growth of debit cards at risk

The establishment of open banking makes it possible for authorised firms to take payments directly from a customer’s current account. Whilst at the early stages, the development of such frictionless products could mitigate the need to use debit cards for online purchases.

“Till-free supermarkets” could create further opportunities for debit card usage

“Till-free supermarkets” could reshape the payment experience for card users. In April 2019, Sainsbury’s tested the UK’s first “till-free supermarkets”, which allow customers to scan their groceries using its app as they go round the store, and pay in the app via Apple Pay or Google Pay, which is normally linked to a debit or credit card.

COMPETITIVE LANDSCAPE

Although Visa leads, Mastercard innovates to expand its share

At present, Visa is the major operator of debit cards in the UK. However, Mastercard is investing heavily in developing relationships with banks and issuers.

Digital payment solutions from both Mastercard and Visa

Nevertheless, Mastercard is also looking for solutions beyond its physical debit/credit cards business. It announced in December 2018 a collaboration with Microsoft for innovation in digital identity, intending to circumvent the complex issues of identity verification through passwords.

Monzo challenges traditional banks by converting from pre-paid to debit cards

The app-only bank Monzo recently switched 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 are gradually abandoning charge cards for credit cards

Reluctance to spend will negatively affect the performance of charge cards

Usage of commercial charge cards is falling, but opportunities remain

COMPETITIVE LANDSCAPE

American Express maintains its lead in personal charge cards

A wider range of players in commercial charge cards, but no new players expected

Competing through rewards the only likely strategy for success

CATEGORY DATA

Table 1 Charge Cards: Number of Cards in Circulation 2014-2019
Table 2 Charge Cards Transactions 2014-2019
Table 3 Charge Cards in Circulation: % Growth 2014-2019
Table 4 Charge Cards Transactions: % Growth 2014-2019
Table 5 Commercial Charge Cards: Number of Cards in Circulation 2014-2019
Table 6 Commercial Charge Cards Transactions 2014-2019
Table 7 Commercial Charge Cards in Circulation: % Growth 2014-2019
Table 8 Commercial Charge Cards Transactions: % Growth 2014-2019
Table 9 Personal Charge Cards: Number of Cards in Circulation 2014-2019
Table 10 Personal Charge Cards Transactions 2014-2019
Table 11 Personal Charge Cards in Circulation: % Growth 2014-2019
Table 12 Personal Charge Cards Transactions: % Growth 2014-2019
Table 13 Charge Cards: Number of Cards by Issuer 2014-2018
Table 14 Charge Cards: Number of Cards by Operator 2014-2018
Table 15 Charge Cards Payment Transaction Value by Issuer 2014-2018
Table 16 Charge Cards Payment Transaction Value by Operator 2014-2018
Table 17 Commercial Charge Cards: Number of Cards by Issuer 2014-2018
Table 18 Commercial Charge Cards: Number of Cards by Operator 2014-2018
Table 19 Commercial Charge Cards Payment Transaction Value by Issuer 2014-2018
Table 20 Commercial Charge Cards Payment Transaction Value by Operator 2014-2018
Table 21 Personal Charge Cards: Number of Cards by Issuer 2014-2018
Table 22 Personal Charge Cards: Number of Cards by Operator 2014-2018
Table 23 Personal Charge Cards Transaction Value by Issuer 2014-2018
Table 24 Personal Charge Cards Transaction Value by Operator 2014-2018
Table 25 Forecast Charge Cards: Number of Cards in Circulation 2019-2024
Table 26 Forecast Charge Cards Transactions 2019-2024
Table 27 Forecast Charge Cards in Circulation: % Growth 2019-2024
Table 28 Forecast Charge Cards Transactions: % Growth 2019-2024
Table 29 Forecast Commercial Charge Cards: Number of Cards in Circulation 2019-2024
Table 30 Forecast Commercial Charge Cards Transactions 2019-2024
Table 31 Forecast Commercial Charge Cards in Circulation: % Growth 2019-2024
Table 32 Forecast Commercial Charge Cards Transactions: % Growth 2019-2024
Table 33 Forecast Personal Charge Cards: Number of Cards in Circulation 2019-2024
Table 34 Forecast Personal Charge Cards Transactions 2019-2024
Table 35 Forecast Personal Charge Cards in Circulation: % Growth 2019-2024
Table 36 Forecast Personal Charge Cards Transactions: % Growth 2019-2024

Credit Cards in the United Kingdom - Category analysis

Credit Cards in the United Kingdom - Company Profile

HEADLINES

PROSPECTS

Continued growth due to contactless payment, despite account consolidation

Low consumer confidence and new measures by the FCA hamper growth

Higher interest rates and lower rewards likely to limit growth in the forecast period

COMPETITIVE LANDSCAPE

Barclays remains the leading issuer in a fragmented category

Potential entrants could disrupt the competitive environment

Developments by American Express to attract consumers and cut costs

CATEGORY DATA

Table 37 Credit Cards: Number of Cards in Circulation 2014-2019
Table 38 Credit Cards Transactions 2014-2019
Table 39 Credit Cards in Circulation: % Growth 2014-2019
Table 40 Credit Cards Transactions: % Growth 2014-2019
Table 41 Commercial Credit Cards: Number of Cards in Circulation 2014-2019
Table 42 Commercial Credit Cards Transactions 2014-2019
Table 43 Commercial Credit Cards in Circulation: % Growth 2014-2019
Table 44 Commercial Credit Cards Transactions: % Growth 2014-2019
Table 45 Personal Credit Cards: Number of Cards in Circulation 2014-2019
Table 46 Personal Credit Cards Transactions 2014-2019
Table 47 Personal Credit Cards in Circulation: % Growth 2014-2019
Table 48 Personal Credit Cards Transactions: % Growth 2014-2019
Table 49 Credit Cards: Number of Cards by Issuer 2014-2018
Table 50 Credit Cards: Number of Cards by Operator 2014-2018
Table 51 Credit Cards Payment Transaction Value by Issuer 2014-2018
Table 52 Credit Cards Payment Transaction Value by Operator 2014-2018
Table 53 Commercial Credit Cards: Number of Cards by Issuer 2014-2018
Table 54 Commercial Credit Cards: Number of Cards by Operator 2014-2018
Table 55 Commercial Credit Cards Payment Transaction Value by Issuer 2014-2018
Table 56 Commercial Credit Cards Payment Transaction Value by Operator 2014-2018
Table 57 Personal Credit Cards: Number of Cards by Issuer 2014-2018
Table 58 Personal Credit Cards: Number of Cards by Operator 2014-2018
Table 59 Personal Credit Cards Payment Transaction Value by Issuer 2014-2018
Table 60 Personal Credit Cards Payment Transaction Value by Operator 2014-2018
Table 61 Forecast Credit Cards: Number of Cards in Circulation 2019-2024
Table 62 Forecast Credit Cards Transactions 2019-2024
Table 63 Forecast Credit Cards in Circulation: % Growth 2019-2024
Table 64 Forecast Credit Cards Transactions: % Growth 2019-2024
Table 65 Forecast Commercial Credit Cards: Number of Cards in Circulation 2019-2024
Table 66 Forecast Commercial Credit Cards Transactions 2019-2024
Table 67 Forecast Commercial Credit Cards in Circulation: % Growth 2019-2024
Table 68 Forecast Commercial Credit Cards Transactions: % Growth 2019-2024
Table 69 Forecast Personal Credit Cards: Number of Cards in Circulation 2019-2024
Table 70 Forecast Personal Credit Cards Transactions 2019-2024
Table 71 Forecast Personal Credit Cards in Circulation: % Growth 2019-2024
Table 72 Forecast Personal Credit Cards Transactions: % Growth 2019-2024

Debit Cards in the United Kingdom - Category analysis

Debit Cards in the United Kingdom - Company Profile

HEADLINES

PROSPECTS

Contactless technology, online sales and businesses boost debit card value

Open banking could put the future growth of debit cards at risk

“Till-free supermarkets” could create further opportunities for debit card usage

COMPETITIVE LANDSCAPE

Although Visa leads, Mastercard innovates to expand its share

Digital payment solutions from both Mastercard and Visa

Monzo challenges traditional banks by converting from pre-paid to debit cards

CATEGORY DATA

Table 73 Debit Cards: Number of Cards in Circulation 2014-2019
Table 74 Debit Cards Transactions 2014-2019
Table 75 Debit Cards in Circulation: % Growth 2014-2019
Table 76 Debit Cards Transactions: % Growth 2014-2019
Table 77 Debit Cards: Number of Cards by Issuer 2014-2018
Table 78 Debit Cards: Number of Cards by Operator 2014-2018
Table 79 Debit Cards Payment Transaction Value by Issuer 2014-2018
Table 80 Debit Cards Payment Transaction Value by Operator 2014-2018
Table 81 Forecast Debit Cards: Number of Cards in Circulation 2019-2024
Table 82 Forecast Debit Cards Transactions 2019-2024
Table 83 Forecast Debit Cards in Circulation: % Growth 2019-2024
Table 84 Forecast Debit Cards Transactions: % Growth 2019-2024

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, especially digital gift cards

Contactless debit and credit cards increasingly replace transportation cards

The control associated with open loop pre-paid cards can be positive or negative

COMPETITIVE LANDSCAPE

Mastercard maintains its lead, but Visa is growing thanks to Revolut

Revolut offers a new feature to attract consumers

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

CATEGORY DATA

Table 85 Pre-paid Cards: Number of Cards in Circulation 2014-2019
Table 86 Pre-paid Cards Transactions 2014-2019
Table 87 Pre-paid Cards in Circulation: % Growth 2014-2019
Table 88 Pre-paid Cards Transactions: % Growth 2014-2019
Table 89 Closed Loop Pre-paid Cards Transactions 2014-2019
Table 90 Closed Loop Pre-paid Cards Transactions: % Growth 2014-2019
Table 91 Open Loop Pre-paid Cards Transactions 2014-2019
Table 92 Open Loop Pre-paid Cards Transactions: % Growth 2014-2019
Table 93 Pre-paid Cards: Number of Cards by Issuer 2014-2018
Table 94 Pre-paid Cards: Number of Cards by Operator 2014-2018
Table 95 Pre-paid Cards Transaction Value by Issuer 2014-2018
Table 96 Pre-paid Cards Transaction Value by Operator 2014-2018
Table 97 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2014-2018
Table 98 Closed Loop Pre-paid Cards: Number of Cards by Operator 2014-2018
Table 99 Closed Loop Pre-paid Cards Transaction Value by Issuer 2014-2018
Table 100 Closed Loop Pre-paid Cards Transaction Value by Operator 2014-2018
Table 101 Open Loop Pre-paid Cards: Number of Cards by Issuer 2014-2018
Table 102 Open Loop Pre-paid Cards: Number of Cards by Operator 2014-2018
Table 103 Open Loop Pre-paid Cards Transaction Value by Issuer 2014-2018
Table 104 Open Loop Pre-paid Cards Transaction Value by Operator 2014-2018
Table 105 Forecast Pre-paid Cards: Number of Cards in Circulation 2019-2024
Table 106 Forecast Pre-paid Cards Transactions 2019-2024
Table 107 Forecast Pre-paid Cards in Circulation: % Growth 2019-2024
Table 108 Forecast Pre-paid Cards Transactions: % Growth 2019-2024
Table 109 Forecast Closed Loop Pre-paid Cards Transactions 2019-2024
Table 110 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2019-2024
Table 111 Forecast Open Loop Pre-paid Cards Transactions 2019-2024
Table 112 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2019-2024

Store Cards in the United Kingdom - Category analysis

Store Cards in the United Kingdom - Company Profile

HEADLINES

PROSPECTS

Store cards lose credibility due to high costs, inflexibility and negative press

Rising compensation limit for complaints set to make charge cards more unattractive

Growth unlikely as credit and debit cards are increasingly appealing options

COMPETITIVE LANDSCAPE

Only four main players, as interest wanes

Players look at attracting consumers with alternative products

New compensation limit set to affect players’ profitability

CATEGORY DATA

Table 113 Store Cards: Number of Cards in Circulation 2014-2019
Table 114 Store Cards Transactions 2014-2019
Table 115 Store Cards in Circulation: % Growth 2014-2019
Table 116 Store Cards Transactions: % Growth 2014-2019
Table 117 Store Cards: Number of Cards by Issuer 2014-2018
Table 118 Store Cards: Payment Transaction Value by Issuer 2014-2018
Table 119 Forecast Store Cards: Number of Cards in Circulation 2019-2024
Table 120 Forecast Store Cards Transactions 2019-2024
Table 121 Forecast Store Cards in Circulation: % Growth 2019-2024
Table 122 Forecast Store Cards Transactions: % Growth 2019-2024

Financial Cards and Payments in the United Kingdom - Industry Overview

EXECUTIVE SUMMARY

Continued strong growth, although performances vary strongly between categories

Open banking is leading to innovative products, but could challenge payment cards

Cash has declined significantly but will remain important

New players are challenging the high street banks due to open banking

Strong growth for debit cards, particularly in the commercial segment

MARKET INDICATORS

Table 123 Number of POS Terminals: Units 2014-2019
Table 124 Number of ATMs: Units 2014-2019
Table 125 Value Lost to Fraud 2014-2019
Table 126 Card Expenditure by Location 2019
Table 127 Financial Cards in Circulation by Type: % Number of Cards 2014-2019
Table 128 Domestic versus Foreign Spend 2019

MARKET DATA

Table 129 Financial Cards by Category: Number of Cards in Circulation 2014-2019
Table 130 Financial Cards by Category: Number of Accounts 2014-2019
Table 131 Financial Cards Transactions by Category: Value 2014-2019
Table 132 Financial Cards by Category: Number of Transactions 2014-2019
Table 133 Consumer Payments by Category: Value 2014-2019
Table 134 Consumer Payments by Category: Number of Transactions 2014-2019
Table 135 M-Commerce by Category: Value 2014-2019
Table 136 M-Commerce by Category: % Value Growth 2014-2019
Table 137 Financial Cards: Number of Cards by Issuer 2014-2018
Table 138 Financial Cards: Number of Cards by Operator 2014-2018
Table 139 Financial Cards: Card Payment Transactions Value by Operator 2014-2018
Table 140 Financial Cards: Card Payment Transactions Value by Issuer 2014-2018
Table 141 Forecast Financial Cards by Category: Number of Cards in Circulation 2019-2024
Table 142 Forecast Financial Cards by Category: Number of Accounts 2019-2024
Table 143 Forecast Financial Cards Transactions by Category: Value 2019-2024
Table 144 Forecast Financial Cards by Category: Number of Transactions 2019-2024
Table 145 Forecast Consumer Payments by Category: Value 2019-2024
Table 146 Forecast Consumer Payments by Category: Number of Transactions 2019-2024
Table 147 Forecast M-Commerce by Category: Value 2019-2024
Table 148 Forecast M-Commerce by Category: % Value Growth 2019-2024

Megatrends

Country Report

Debit Cards in the United Kingdom

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Contactless technology, online sales and businesses boost debit card value

Open banking could put the future growth of debit cards at risk

“Till-free supermarkets” could create further opportunities for debit card usage

COMPETITIVE LANDSCAPE

Although Visa leads, Mastercard innovates to expand its share

Digital payment solutions from both Mastercard and Visa

Monzo challenges traditional banks by converting from pre-paid to debit cards

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 are gradually abandoning charge cards for credit cards

Reluctance to spend will negatively affect the performance of charge cards

Usage of commercial charge cards is falling, but opportunities remain

COMPETITIVE LANDSCAPE

American Express maintains its lead in personal charge cards

A wider range of players in commercial charge cards, but no new players expected

Competing through rewards the only likely strategy for success

CATEGORY DATA

Credit Cards in the United Kingdom - Category analysis

Credit Cards in the United Kingdom - Company Profile

HEADLINES

PROSPECTS

Continued growth due to contactless payment, despite account consolidation

Low consumer confidence and new measures by the FCA hamper growth

Higher interest rates and lower rewards likely to limit growth in the forecast period

COMPETITIVE LANDSCAPE

Barclays remains the leading issuer in a fragmented category

Potential entrants could disrupt the competitive environment

Developments by American Express to attract consumers and cut costs

CATEGORY DATA

Debit Cards in the United Kingdom - Category analysis

Debit Cards in the United Kingdom - Company Profile

HEADLINES

PROSPECTS

Contactless technology, online sales and businesses boost debit card value

Open banking could put the future growth of debit cards at risk

“Till-free supermarkets” could create further opportunities for debit card usage

COMPETITIVE LANDSCAPE

Although Visa leads, Mastercard innovates to expand its share

Digital payment solutions from both Mastercard and Visa

Monzo challenges traditional banks by converting from pre-paid to debit cards

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, especially digital gift cards

Contactless debit and credit cards increasingly replace transportation cards

The control associated with open loop pre-paid cards can be positive or negative

COMPETITIVE LANDSCAPE

Mastercard maintains its lead, but Visa is growing thanks to Revolut

Revolut offers a new feature to attract consumers

Mobile parking apps mark the end of pre-paid parking 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 due to high costs, inflexibility and negative press

Rising compensation limit for complaints set to make charge cards more unattractive

Growth unlikely as credit and debit cards are increasingly appealing options

COMPETITIVE LANDSCAPE

Only four main players, as interest wanes

Players look at attracting consumers with alternative products