The data displays the average monthly payments made by consumers in the UK in 2015 by payment method against a 2025 forecast of how payment method volumes will change per UK adult. 2015 statistics show that cash is king when it comes to payment methods for the average adult, with 27 payments per month in 2015. The forecast shows that this is likely to change with cash purchases falling to second behind debit cards that are forecast to rise from 16 to 25 purchases per month in 2025. Contactless debit card payments are set to rise greatly between 2015 and 2025 from 2 to 14 uses per adult per month in 2025.
Cash | 27 | 17 |
Debit card | 16 | 25 |
Direct debit | 6 | 6 |
Credit/charge card | 4 | 5 |
Contactless | 2 | 14 |
Faster payments | 1 | 2 |
Standing order | 0.7 | 0.7 |
Cheque | 0.5 | 0.2 |