17 August 2017
visit www.avoka.com

UK shoppers switching to the Web

31 July 2006  |  4643 views  |  0 hands at a keyboard

The latest research from the Association for Payment Clearing Services (Apacs) shows that for the first time more than half of all UK adults made an online purchase during 2005.

Apacs says 25 million or 52% of all UK adults made an online purchase last year, an 11% increase over 2004. The number of online purchases is also growing, with the average number of purchases made by Web shoppers in the year rising from 13.6 in 2004 to 18.5 in 2005.

This was also reflected in total online card spending figures, which were up from 262 million transactions in 2004 to 310 million in 2005. The value of these transactions increased from £16 billion in 2004 to £22 billion last year.

Unlike on the high street where credit cards represent just six per cent of payments, cards make up 49% of all payments made on the Internet.

Sandra Quinn, director of communications at Apacs, says: "The Internet is now very much part of mainstream culture in the UK, and for many people it is the first port of call when looking for certain items to buy. In 2005, for the first time, more than half of all adults made an online purchase, which demonstrates this increasingly important role the Internet is playing in the lives of UK consumers."

The figures also show an increase in online spending at auction sites and around 14% of the 34 million adults who use the Internet (4.9 million) made their most recent purchase from an auction site in 2005. There were 79 million transactions over this period and £2.8 billion was spent on e-auction sites.

Separate figures release by Apacs last week showed record spending on plastic cards in the first half of 2006, with a record £151 billion of purchases made using plastic.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Apacs signs with Attenda for disaster recovery services

Apacs signs with Attenda for disaster recovery services

18 July 2006  |  4223 views  |  0 comments
Debit card use outstrips cash for first time in UK

Debit card use outstrips cash for first time in UK

18 April 2006  |  13424 views  |  0 comments
UK phishing fraud losses double

UK phishing fraud losses double

07 March 2006  |  29278 views  |  0 comments | 1 tweets | 2 linkedin
Card fraudsters target the Web

Card fraudsters target the Web

08 November 2005  |  7931 views  |  0 comments
Online card transactions soar

Online card transactions soar

08 September 2005  |  9885 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comdownload the paper nowvisit www.dorsum.eu

Who is commenting?

Top topics

Most viewed Most shared
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
9984 views comments | 13 tweets | 11 linkedin
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
9972 views comments | 8 tweets | 15 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
8305 views comments | 1 tweets | 3 linkedin
hands typing furiouslyCompliance: Overcome the data deficit
7757 views 0 | 1 tweets | 9 linkedin
PayPal buys Swift Financial to boost working capital bizPayPal buys Swift Financial to boost worki...
7699 views comments | 13 tweets | 7 linkedin