Statistics

Last Month:

  • In October, Faster Payments processed 258.3 million payments, which is a 17% increase on the amount processed in October 2019.
  • These payments amounted to a total of £195 billion for the month. This is a 13% increase on October 2019's total.

 

Last Quarter:

  • Q3 of 2020 saw 748 million payments processed by Faster Payments, an 18% increase on the amount processed in Q3 for 2019.
  • The total amount of payments processed during this quarter was £544 billion, which is an 8% increase on 2019 Q3 's total.

 

Last Year:

  • 2019 saw Faster Payments break the record for the highest amount of payments processed in a single year.
  • 2018 saw 2.0 billion payments processed, whereas in 2019 the figure grew to over 2.4 billion.
  • In total, there were 397 million more payments processed than in 2018. This is an increase of 19%.
  • Faster Payments broke the record in 2019 for the number of payments processed in a single year.
  • £1.7 trillion was transferred via Faster Payments in 2018. In 2019 however, over £1.9 trillion was transferred.
  • In total, the amount processed in 2019 rose by £232.4 billion compared to 2018. This is an increase of 14%.

 

FPS values for the previous 12 months

 

 

 

FPS volumes for the previous 12 months

 

 

 

 

Related Content
Monthly payment statistics Updated to October 2020  Download
Historical payment statistics  Updated to October 2020  Download
Quarterly payment statistics Q2 2020  Download
Annual summary of payment statistics Annual Summary 2018  Download