[IMGCAP(1)]

Debit cards continued to dominate in the United Kingdom as consumers used the plastic to spend £221 billion (US$440 billion or 279 million euros) in 2007, up 13% from £195 billion the previous year, according to a report from UK payments association APACS. Total UK card payments in 2007 totaled £353 billion, up 10% from £321 billion in 2006, according to the report. Credit and charge card spending in 2007 totaled £133 billion, up 6% from £126 billion in 2006, the report states. "The report also shows that last year debit cards even gained ground in areas where credit cards have traditionally had a firm hold, particularly on the Internet," APACS spokesperson Sandra Quinn said in a statement. Check payments decreased 1%, to £194 billion in 2007 from £196 billion the previous year. By 2017, APACS predicts, consumers will make 9 billion debit card payments. They used debit cards to make 4.9 billion purchases in 2007, the report says.

Subscribe Now

Authoritative analysis and perspective for every segment of the payments industry

14-Day Free Trial

Authoritative analysis and perspective for every segment of the industry