UK Mobile Payments Forecast 2021

How Wallet Providers Can Drive Usage in a Large but Slow-Growing Market

Report by Jaime Toplin  | Oct 29, 2021

Global Mobile Payments Forecast 2021

Download the Full Collection

Forecasts for three markets: Canada, China, and UK

Download
Report
Share
Table of Contents
Executive Summary
Key Points
Introduction
UK Proximity Mobile Payments
UK P2P Mobile Payments
Read Next
Sources
Media Gallery
About This Report
Proximity and peer-to-peer mobile payments are on the rise in the UK, thanks to high user adoption of mobile and banking. However, growth is slow, which means that wallet providers looking to crack the market will need to get creative.
Topics
Payments
United Kingdom
Table of Contents
Executive Summary
Key Points
Introduction
UK Proximity Mobile Payments
UK P2P Mobile Payments
Read Next
Sources
Media Gallery

Executive Summary

Proximity and peer-to-peer (P2P) mobile payments are on the rise in the UK, thanks to high user adoption of mobile and banking. However, growth is slow, which means that wallet providers looking to crack the market will need to get creative in convincing users to adopt these services or use them more often.

3 KEY QUESTIONS THIS REPORT WILL ANSWER:

  1. What trends are helping to accelerate growth in the UK mobile proximity and mobile P2P payment market?
  2. What market dynamics are driving consumer behavior trends, and how are they impacting providers’ revenues, competitive positioning, and performance?
  3. How can providers tap into this growth to attract new users and boost engagement?

WHAT’S IN THIS REPORT? Factors driving UK consumer habits around proximity and P2P mobile payments, the market dynamics affecting providers’ business performance in the space, and actionable steps providers can take to secure users and grow their mobile payment business.

UK Proximity Mobile Payment Users, 2019-2025 (millions, % change, and % of population)
E-Mail ChartDownload

KEY STAT: We expect the number of UK mobile proximity payment users will grow from 11.2 million to 13.9 million between 2021 and 2025.

Here’s what’s in the full report

1file

Exportable files for easy reading, analysis and sharing.

8charts

Reliable data in simple displays for presentations and quick decision making.

Table of Contents

  1. Executive Summary
  2. Key Points
  3. Introduction
  1. UK Proximity Mobile Payments
  2. UK P2P Mobile Payments
  3. Read Next
  1. Sources
  2. Media Gallery

Charts in This Report

UK Proximity Mobile Payment Users, 2019-2025 (millions, % change, and % of population)UK Smartphone Penetration, by Age, 2021 (% of population in each group)
Digital Wallet Adoption Among UK Adults, by Age, June 2021 (% of respondents in each group)Preferred Payment Methods Used by UK Internet Users Pre-Pandemic vs. Post-Pandemic, by Transaction Type, April 2021 (% of respondents in each group)
UK Peer-to-Peer (P2P) Mobile Payment Users , 2019-2025 (millions, % change, and % of population)UK Total Payment Volume, by Payment Method, 2015-2020 (billions)
UK Smartphone Banking Users, 2020-2025 (millions, % change, and % of population)Gross Value of UK Authorized Push Payment Scams, H1 2019, H1 2020, & H1 2021 (millions of £)

Access All Charts and Data

Gain access to reliable data presented in clear and intelligible displays for quick understanding and decision making on the most important topics related to your industry, included at no extra cost.
Gain Access to EMARKETER →
Log in to EMARKETER

authors

Jaime Toplin

Contributors

Daniel Decea
Researcher, Financial Services
Nazmul Islam
Junior Forecasting Analyst
Cindy Liu
Senior Forecasting Analyst
David Morris
Principal Analyst