15th February 2016 Church News.
Payments UK has released new research comparing spending habits from around the world, and highlighting how the UK differs from other countries. The trade associationâs latest report, entitled âHow consumers around the world make paymentsâ, is the second in its World Class Payments series. It showed that by the end of 2014, there were more than 12 billion cards in circulation worldwide, with Japan and China distributing the most debit cards per head at 3.30 and 3.28 respectively â compared to 1.48 per head in the UK. The US has the most credit cards per head (2.90), more than treble the UK (0.88), whilst the UK has a far greater total value of outstanding balances on credit cards than anywhere else in Europe ($91 billion).
