UK Payment Council estimates growth in holiday online shopping

UK’s Payment Council has given their estimated numbers for this year’s shopping season. A total of $134 billion is estimated

UK’s Payment Council has given their estimated numbers for this year’s shopping season.

A total of $134 billion is estimated to be spent on holiday shopping in the UK this year. 12% of total sales are estimated to be linked to online shopping, resulting in $16.2 billion, a 15% increase from December of last year.

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The full report indicates the evolving nature of UK consumers, as they tend to steer themselves online to compare prices, and for the convenience of ordering from home rather than in the holiday crowds.

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The Payment Council also revealed the growing use of debit cards online, which is estimated to grow by 6.3% in comparison to last year, with 55% dominance over other payment methods.

 

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