Statistics

Last Month:

  • In December, Faster Payments processed 269.4 million payments, which is a 19% increase on the amount processed in December 2019.
  • These payments amounted to a total of £201 billion for the month. This is an 18% increase on December 2019's total.

 

Last Quarter:

  • Q4 of 2020 saw 791 million payments processed by Faster Payments, a 20% increase on the amount processed in Q4 for 2019.
  • The total amount of payments processed during this quarter was £592 billion, which is a 17% increase on 2019 Q4 '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 December 2020  Download
Historical payment statistics  Updated to December 2020  Download
Quarterly payment statistics Q3 2020  Download
Annual summary of payment statistics Annual Summary 2019  Download