Bulletin

Use of bank cards in pubs rises fivefold in a decade

The UK Cards Association has reported that spending on bank cards by UK shoppers more than doubled between 2005 and 2014 to £566bn. Pubs have seen one of the most dramatic shifts to plastic, with card spending in pubs reaching almost £5bn last year against just £1bn in 2005. Meanwhile, smaller shops that once only took cash have installed card readers and also seen a big leap in card spending over the decade. The amount spent on cards at bakers, for example, has gone up from £3m in 2005 to £28m last year. The rise of contactless payments is seen as a factor in increased card use – the figures show that £2.6bn was spent on contactless payments in the first six months of this year. 

 

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