Ticket sales spike on Oasis release while second-hand spending climbs – Monzo

Ticket sales spiked five-fold when the Oasis tour was released and fans splashed out nearly £1 million at Wembley Stadium during Taylor Swift’s concert, while second-hand shopping soared in 2024 as Britons hunted for shopping deals, new data from Monzo has shown.

The digital bank’s yearly spending data sheds a light on the shopping habits of its more than 11 million customers in Britain.

Ticket sales on official sites were more than five times the average day this year when Oasis released tickets for its surprise reunion tour, with Monzo customers spending almost £2 million.

Entertainment spending was also given a boost by Taylor Swift’s Era Tour heading to the UK and Ireland year, with fans flocking to London’s Wembley Stadium spending almost £900,000 during the concert.

Other consumers chose to prioritise live music with their disposable income, with spending at London’s Drumsheds venue tripling among locals on payday, compared with a typical day.

Nevertheless, shoppers appeared to seek bargains in other places with spending at Vinted, an online marketplace which sells second-hand items, surging by 63% compared with last year.

This took it to second place in the ranking of top retailers, behind Marks & Spencer.

In the cinemas, the release of Wicked and Gladiator II brought in a combined £3 million among Monzo customers over their release weekends.

The nine year-old bank, which is the seventh largest in the UK, launches its “Year in Monzo” feature for customers on Monday.

Similar to the Spotify Wrapped campaign, it gives customers of the bank insights into their personal spending habits.

This year, the digital bank said people could choose whether they want to see a “nice” or “savage” version of the review, such as exposing the level of spending on fast food restaurants.

While Newcastle took the title of “Greggs capital”, the bakery chain’s hometown, with Monzo customers in the city spending more than any other city in the UK.

Customers spent some £26 million in Starbucks this year, while Pret A Merger remained the top coffee spot for Londoners with more than £21 million spent in the chain.

Meanwhile, Monzo revealed that its customers saved £200 million in round-ups this year – a feature which rounds spending to the nearest pound and automatically saves the spare change into a separate pot.