Statistics

Last Month:

  • In July, Faster Payments processed 175.9 million payments, which is a 29% increase on the amount processed in July 2017.
  • These payments amounted to a total of £151 billion for the month. This is a 26% increase on July 2017's total.

 

Last Quarter:

  • Q2 of 2018 saw 500 million payments processed by Faster Payments, a 25% increase on the amount processed in Q2 for 2017.
  • The total amount of payments processed during this quarter was £419 billion, which is a 25% increase on 2017 Q2 's total.

 

Last Year:

  • 2017 saw Faster Payments break the record for the highest amount of payments processed in a single year.
  • 2016 saw 1.4 billion payments processed, whereas in 2017 the figure grew to over 1.7 billion.
  • In total, there were 230 million more payments processed than in 2016. This is an increase of 16%.
  • Faster Payments broke the record in 2017 for the number of payments processed in a single year.
  • £1.2 trillion was transferred via Faster Payments in 2016. In 2017 however, over £1.4 trillion was transferred.
  • In total, the amount processed in 2017 rose by £210.7 billion compared to 2016. This is an increase of 18%.

 

 

FPS values for the previous 12 months

 

 

 

FPS volumes for the previous 12 months

 

 

 

FPS volumes since launch

 

 

Related Content
Payment Statistics Monthly Updated to July 2018  Download
Historical Statistics  Updated to July 2018   Download
Quarterly payment statistics Q1 2018  Download
Annual summary of payment statistics Annual Summary 2017  Download