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| Debit cards 'first choice for online shopping' | Debit cards 'first choice for online shopping' |
| (about 9 hours later) | |
| Debit card spending by internet shoppers overtook the use of credit cards online for the first time last year, industry figures show. | Debit card spending by internet shoppers overtook the use of credit cards online for the first time last year, industry figures show. |
| Online spending using a debit card hit £35bn compared with £34bn on credit cards, the UK Cards Association said. | Online spending using a debit card hit £35bn compared with £34bn on credit cards, the UK Cards Association said. |
| Shoppers are also using debit cards more frequently in stores. | Shoppers are also using debit cards more frequently in stores. |
| Each debit card holder made an average of 205 transactions with their cards last year, the data shows, an increase of 10 on the previous year. | Each debit card holder made an average of 205 transactions with their cards last year, the data shows, an increase of 10 on the previous year. |
| Some 91% of the UK adult population have a debit card and 61% have a credit card. | |
| Use of these cards has increased as more shops have accepted them, and as more stores use devices such as chip-and-pin machines. | Use of these cards has increased as more shops have accepted them, and as more stores use devices such as chip-and-pin machines. |
| The association predicts that spending on cards in the next 10 years will nearly double from £477bn to £840bn. | The association predicts that spending on cards in the next 10 years will nearly double from £477bn to £840bn. |