100 Billion Transactions | Direct Debit
Congratulations! This summer saw Bacs reach their 100 billionth transaction! Now, that’s a lot of zero’s!
Bacs have been processing Direct Debit and Direct Credits since 1968 and they have produced a great infographic that has some handy stats to mark this huge milestone figure as well as an infographic that puts it into context. We particularly love Bacs processes 5.66 billion transactions last year and for the first time Direct Debit payments outstripped cash.