Key Market Indicators
The number of credit cards in the UK is set to reach 69.3 million by 2026. This is up 0.8% year-on-year on average, rising 2.7% since 2017. In 2021, the UK was the 8th largest holder of credit cards, overtaken by Argentina with 66.8 million. China, Japan and Brazil respectively ranked 2nd, 3rd and 4th in this ranking. Credit card transactions in the UK are set to reach $256.9 billion by 2026. This is an average year-on-year growth of 1.1%, with demand up 3.7% since 2017. In 2021, the UK was the 6th largest holder of credit card transactions, overtaken by Brazil with $244.2 billion. South Korea, Japan and Canada respectively ranked 2nd, 3rd and 4th in this ranking.
The United Kingdom Credit Card Market Data and Forecasts
How much will the United Kingdom Credit Card Market grow to 2026?
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