Card spending robust in challenging times, UKCA

Card spending robust in challenging times, UKCA

Shrugging off a slowdown in economic growth, UK payment card spending in March weighed in at £57.8 billion, up by £335 million on February, according to the UK Cards Association (UKCA). Contactless payments amounted to 32% of card purchases, an increase from 15% a year ago, with total spending in March at £4 billion.

Online amounted to £15.3 billion, which at 27% of purchases was a 5% increase on March 2016. Within the retail sector, card spending grew by £179 million in March, to £26.2 billion. The largest increases came from food and drink and mixed business. And there was considerable growth at garden centres (up 93%) and on gardening services (up 60%) coinciding with the first month of spring.

Richard Koch, Head of Policy at the UKCA, said: “Cards are the default way to pay for millions of consumers and this is reflected by the increase in card spending month-on-month. Even with a slowdown in economic growth, card spending has continued to remain robust, underlining the role cards play for consumers.”

Retail sales flatten out as online stutters

Retail sales flatten out as online stutters

Majestic Wine runs with RELEX

Majestic Wine runs with RELEX