European Payment Cards Yearbook

UK - Summary

Market Overview

  
Payment Organizations Payments Council (interbank payments and policy), LINK (ATMs), Maestro UK (debit card scheme)
   
Domestic Card Brand LINK (ATM)
   
Market Structure The UK has long been EuropeÕs leading credit card market, but in recent years debit cards have made remarkable progress. In 2004, expenditure on cards exceeded expenditure on cash.
   
Major Issuers Barclaycard, RBS/NatWest, HSBC, HBOS, Lloyds TSB (debit & credit), Citi, MBNA, Capital One (credit).
   
Consumer Finance In contrast to the rest of Europe, bank credit cards are a main source of consumer finance. Because consumers in aggregate are overstretched, credit card borrowing in the UK has been static since 2004.
   

Key Statistics 2008

  
Population 60.8 million
Cards Debit: 76.3 million
Credit: 66.2 million
Charge: 6.4 million
Total payment cards: 148.9 million

 

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