Statistics

Last Month:

  • In March, Faster Payments processed 292.4 million payments, which is a 28% increase on the amount processed in March 2020.
  • These payments amounted to a total of £227 billion for the month. This is a 28% increase on March 2020's total.

 

Last Quarter:

  • Q1 of 2021 saw 763 million payments processed by Faster Payments, a 15% increase on the amount processed in Q1 for 2020.
  • The total amount of payments processed during this quarter was £597 billion, which is a 15% increase on 2020 Q1 's total.

 

Last Year:

  • 2020 saw Faster Payments break the record for the highest amount of payments processed in a single year.
  • 2019 saw 2.4 billion payments processed, whereas in 2020 the figure grew to over 2.9 billion.
  • In total, there were 410 million more payments processed than in 2019. This is an increase of 17%.
  • Faster Payments broke the record in 2020 for the number of payments processed in a single year.
  • £1.9 trillion was transferred via Faster Payments in 2019. In 2020 however, over £2.1 trillion was transferred.
  • In total, the amount processed in 2020 rose by £159.2 billion compared to 2019. This is an increase of 8%.

 

FPS values for the previous 12 months

 

 

 

FPS volumes for the previous 12 months

 

 

 

 

Related Content
Monthly payment statistics Updated to February 2021   Download
Historical payment statistics  Updated to February 2021   Download
Quarterly payment statistics Q3 2020  Download
Annual summary of payment statistics Annual Summary 2019  Download