Faster Payments and other remote banking payments totalled 6.2 billion transactions in 2025, up from 5.6 billion in 2024, according to UK Finance's UK Payment Markets 2026 report published on 19 August. Account-to-account transfers now rank as the second most-used payment method in the UK, behind debit cards.
Cash payments fell to 3.9 billion transactions in 2025, accounting for 8% of all UK payments. Cash now ranks fifth behind debit cards, Faster Payments, credit cards, and Direct Debit.