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United Kingdom

Cards, Payments & Consumer Banking

Author: Lafferty Research

Publishing date: February 2018

A comprehensive overview of the cards, payments and consumer banking market in the United Kingdom.

UK Research Summary Highlights

  • With the introduction of PSD2 and Open Banking in early 2018, new changes and challenges have been introduced into the British retail banking market.
  • Banks, once consent has been given by account holders, must now grant access to accounts to third parties, who may initiate payments from customer accounts.
  • Households have deleveraged since the financial crisis but the market has stabilised since 2014 with the ratio of consumer finance to PDI standing at around 117 percent.
  • Britain's credit cards market is mature and profitable but increased regulatory oversight will make it more challenging for issuers to maintain current profit levels.
  • Zero percent balance transfers and rewards cards remain the most popular offerings. Several smaller or specialised issuers compete with the big banking groups in the credit cards space.
  • Britain's acquiring market is concentrated with Barclaycard and Worldpay accounting for over two-thirds of the market.

Available for 72 markets, Cards & Payments Research Service Country Reports deliver invaluable market and competitor intelligence on payments cards, e-money, acquiring/processing, retail banking, and consumer credit, plus the key demographic and economic trends shaping each market.

A dedicated team of analysts and researchers use both primary and secondary source data, and conduct in-depth interviews with senior industry executives and experts; each report includes over 320 metrics.


Credit Cards:
We have industry leading credit card coverage. We detail the past present and future of the industry through our data and commentary, including:

  • Market size split by consumer and commercial credit cards: number of cards, transaction volume, billed volume
  • Profit pool analysis
  • Competitive landscape: networks, issuers

Debit Cards:

  • Market size: number of cards, transaction volume, billed volume
  • Competitive landscape: networks, issuers

Prepaid Cards:

  • Market size: number of cards, transaction volume, billed volume

Merchant Acquiring

  • Competitive Landscape
  • Pricing
  • Processing Relationships

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