Sales increase 5% on Cyber Monday compared to 2021 according to Barclaycard
There was a 5% increase in the volume of payments made on Cyber Monday yesterday, 28 November 2022, compared to last year, according to Barclaycard Payments, which processes £1 in every £3 spent in the UK.
The update follows on from an encouraging Black Friday (25 November 2022), with Barclaycard Payments having seen a record-breaking number of transactions per second of 1,221 between 1pm and 2pm on the day – the highest volume ever processed by Barclaycard Payments.
There was also a 3.59% increase in the volume of payments processed across the whole day, compared to Black Friday 2021.
Marc Pettican, Head of Barclaycard Payments, commented: “Our data shows that Cyber Monday has been another full day of trading for UK retailers, with the number of transactions processed online and in-store higher than last year.
“Despite a challenging economic backdrop, shoppers have made the most of the discounts on offer, with today’s data following an encouraging Black Friday and strong weekend both online and in-store. Retailers will be hoping this marks the start of a busy festive shopping period in the run up to Christmas and into the end-of-season sales ahead.”