Statistics

Last Month:

  • In December, Faster Payments processed 150.0 million payments, which is a 20% increase on the amount processed in December 2016.
  • These payments amounted to a total of £126 billion for the month. This is a 22% increase on December 2016's total.

 

Last Quarter:

  • Q4 of 2017 saw 455 million payments processed by Faster Payments, a 21% increase on the amount processed in Q4 for 2016.
  • The total amount of payments processed during this quarter was £378 billion, which is a 23% increase on 2016 Q4 '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 Volumes for the previous 12 months

FPS Volumes for the previous 12 months - January 2018

 

FPS Values for the previous 12 months

FPS Values for the previous 12 months - January 2018

Related Content
Payment Statistics Monthly Updated to November 2017  Download
Historical Statistics  Updated to November 2017   Download
Quarterly payment statistics Q3 2017  Download
Annual summary of payment statistics Annual Summary 2016  Download