Card payments hit near 2-year high this bank holiday in “a sign of more positive times to come”

Payment

Card payments hit their highest level in nearly two years over the bank holiday weekend, in what experts say is “a sign of more positive times to come”.

Bank holiday spending jumped 14.4 per cent compared to last year and 9.4 per cent compared to the same period before the pandemic in 2019.

According to Barclaycard, which processes around a third of all card payments in the UK, this was the highest level of spending since Christmas Eve 2019, “the last major shopping milestone before the pandemic”.

READ MORE: Pandemic has driven contactless spending up 30%

While food and drinks sales saw a 20 per cent rise in sales, leisure and entertainment businesses saw the biggest boosts rising 37.2 per cent year-on-year and 26.8 per cent compared to 2019.

“This is hopefully a sign of more positive times to come, and a testament to the strength and resilience of British businesses when it comes to adapting and thriving in a post-lockdown world,” Barclaycard Payments chief Rob Cameron said.

“The sectors where we’ve witnessed particularly strong growth – leisure and entertainment, and food and drink – demonstrate that consumers certainly haven’t lost their appetite for a celebration.”

Click here to sign up to Charged’s free daily email newsletter

Payment

RELATED POSTS

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.

Menu