UK P2P Payments Forecast 2023

How Mobile Banking Apps and Digital Wallets Can Overcome Slow Growth

In 2023, 35.4% of UK adults will use mobile peer-to-peer (P2P) payments—and only incremental growth is expected through 2027. But mobile banking apps and digital wallets can pull several levers to jumpstart growth.

Key Question: How can UK mobile P2P providers drive consumer usage through 2027?

KEY STAT: UK mobile P2P payments need a boost: Annual user growth is expected to taper from 4.5% in 2023 to just 2.1% in 2027.

Here’s what’s in the full report

2files

Exportable files for easy reading, analysis and sharing.

2charts

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

Table of Contents

  1. Executive Summary
  2. Lackluster mobile P2P payments growth calls for a new approach from providers.
  1. P2P providers can blend convenience, security, and broader use cases to boost usage.
  2. Sources
  1. Media Gallery

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.

First Published on Sep 20, 2023

authors

David Morris

Contributors

Eleni Digalaki
Principal Analyst
Chris Keating
Director, Research
Andrew Spink
Forecasting Analyst