Barclaycard predicts increased spending on debit and credit cards

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Barclaycard predicts increased spending on debit and credit cards

Wed 14th Apr 2010

New figures from Barclaycard show that spending increased in March and the firm has claimed that this pattern could be set to continue over the next few months.

The Barclaycard retail card spending index for March indicated that there was a 9.2 per cent year-on-year increase in the amount that was spent on credit and debit cards during the time period.

Stuart Neal, head of UK payment acceptance at the organisation, pointed out that it is good news for retailers in the UK that people are beginning to spend more and he suggested that there will be more increases in this figure until the middle of the year.

"We've seen another month of increased retail card spending as household budgets start to recover after Christmas," he stated.

The index showed a rise of 18 per cent compared to February 2010, which follows a drop of 2.5 per cent from January.

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