A combination of pay day for the majority of consumers falling on the last Friday of the month and a weekend spent browsing the shops results in shoppers logging on to buy their gifts online on the subsequent Monday, a Visa Europe report has found.
All of these factors will result in consumers spending £222,222 per minute, making 4,722 transactions every 60 seconds.
More top news
The man accused of stabbing to death two British backpackers at an Australian hostel has been charged with a second count of murder.
A cloudy and foggy start to the day with the chance of the odd shower but feeling slightly milder with highs of 17C.
The Philippine president famously called the Pope a "son of a bitch" and told Barack Obama to "go to hell".