Worldpay reports record-breaking December as UK casts off spending shackles
LONDON – 12th January 2015 – UK shoppers reached for the plastic in record numbers in the run-up to Christmas according the latest data from Worldpay, the UK’s leading payments processor. Worldpay handled an unprecedented 600 million credit and debit card transactions in the UK during December, a rise of more than 15% compared to 2013.
A wave of last-minute spending on everything from turkeys to tiaras saw 23rd December emerge as Worldpay’s single busiest day of the year with over 26 million transactions processed across the UK. The most concentrated burst of shopping came at 12:40pm on Christmas Eve where Worldpay clocked a peak of 651 payments per second on Christmas Eve (24th December).
Meanwhile, on the ecommerce side, heavy-discounting and promotional offers saw Black Friday (28th November) eclipse other traditional retail hotspots including Cyber Monday (1st December) and Manic Monday (8th December). Worldpay data suggests the controversial US import may be difficult for businesses to ignore with online transaction volumes alone rising by 74% compared to 2013. Equivalent online figures for Cyber Monday and Manic Monday showed a decrease in spending of 12% and 19% respectively.
Dave Hobday, Managing Director, Worldpay UK, said: “It’s been a fascinating Christmas period for the High- Street. Despite supermarkets reporting disappointing sales, our data shows consumer confidence and card spend is returning, and the frenzy around Black Friday is giving retailers a lot to think about.
“People haven’t stopped trekking to the High-Street for last-minute gifts, but heavy discounting prior to Christmas is gradually challenging the importance of other traditional hotspots, not least the January Sales. It would be a brave retailer who ignored this shift entirely, but the chaotic scenes on Black Friday did no- one any favours. Love it or loathe it, Black Friday is a new phenomenon changing the landscape of retail, which all businesses should be ready for in 2015.”
For more information please contact:
Emily Lahey, Senior Communications Manager, Worldpay. T +44 (0) 203 664 5663.
Tom Parker, Golin. T +44 (0) 207 067 0288.
About the data
Figures quoted are according to Worldpay transactional data from December 2014 for payments made in the UK, and across the globe. In 2013, Worldpay processed 44% of all UK card transactions (based on market data provided by the UK Payments Administration).
Worldpay is one of the world’s leading independent payment processing companies. The Worldpay Group has three operating divisions: ecommerce, Worldpay US and Worldpay UK.
Worldpay UK, the UK’s leading payment processor, helps businesses of all sizes sell more to their customers – by accepting credit and debit card payments in-store, online, via mail or telephone, and on the move. In 2013 Worldpay handled 44% of all card payments made in Britain.
Across the Worldpay Group, we process over 8.4 billion transactions every year, and our online payment options cater for over 200 payment types in 115 currencies. www.worldpay.com/uk