British spend £2 billion a month shopping online

UK consumers spend an average of just over £86 per person per month on purchases made over the Web resulting in a monthly total of £2 billion, according to figures from the Royal Bank of Scotland's Internet Banking and Buying Index.

Be the first to comment

British spend £2 billion a month shopping online

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

The results show that more than half of all adults (54%) use the Internet to make purchases, with this figure peaking at 65% for 25-34 year olds.

Men are more likely than women to buy online (56% compared to 52%) and are also the biggest Web shoppers, spending an average of £95 a month compared to £78 for women, and those in the 45-54 age group spend an average of £133.

When asked how much they spent online in an average month 86% of respondents said less than £100, seven per cent spend between £100 and £200 a month and three per cent spend between £200 and £500.

Richard Johnson, head of e-commerce at the bank, says CDs, DVDs and videos (41%) and books (31%) remain the most popular Internet purchases.

Sponsored [New Impact Study] Microservices Architecture: Future-Proofing Payments Technology

Related Company

Channels

Keywords

Comments: (0)

[New Report] Payments Modernisation: The Big Survey 2024Finextra Promoted[New Report] Payments Modernisation: The Big Survey 2024