Reports
Sale
United Kingdom Mobile Payment Market Size, Share, Forecast: By Technology: Direct Mobile Billing, Near Field Communication, Mobile Web Payment, SMS, Mobile Application, Others; By Payment Type: B2B, B2C, B2G; By Location: Remote Payment, Proximity Payment; By End Use; Regional Analysis; Competitive Landscape; 2024-2032
United Kingdom Mobile Payment Market Outlook
The United Kingdom mobile payment market size is projected to grow at a CAGR of 23.2% between 2024 and 2032. The market is being driven by the development of robust financial infrastructure and the flourishing travel and tourism sector.
Key Takeaways
- 1/3rd of all POS transactions in the UK are expected to occur through digital wallets by 2027.
- According to Worldpay, ½ of all e-commerce transactions in the UK are expected to occur through digital wallets by 2027.
- In 2022, contactless payments recorded a y-o-y increase of 30% in the UK, reaching 17 billion.
The development of financial infrastructure that enables instant real-time digital payments is expected to drive the market growth over the forecast period. Moreover, an anticipated increase in consumer trust regarding mobile payments, driven by government-backed initiatives, is expected to propel the market growth.
The food and beverage industry is witnessing increasing adoption of QR-code-based payment strategies because of its increased flexibility and convenience. By automating the process of collecting payments, businesses have been able to minimise labour costs and improve operational efficiencies. This is one of the key United Kingdom mobile payment market trends.
The tourism industry is also expected to benefit from the widespread adoption of mobile payment systems across the UK. By improving the payment collecting mechanism, the traveller experience can be significantly improved, and record keeping optimised. This is expected to drive the market growth.
Apple Pay is expected to remain the most popular mobile payment app in the UK. Clothing and accessories, groceries, and healthcare products are some of the topmost purchase categories where people make mobile payments in the UK. According to Rapyd, the expansion of e-commerce has led to a substantial increase in the number of digital payments across the country, with people preferring it over cash payments. This is expected to contribute to the United Kingdom mobile payment market growth in the forecast period.
Market Segmentation
United Kingdom Mobile Payment Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Technology
- Direct Mobile Billing
- Near Field Communication
- Mobile Web Payment
- SMS
- Mobile Application
- Others
Market Breakup by Payment Type
- B2B
- B2C
- B2G
Market Breakup by Location
- Remote Payment
- Proximity Payment
Market Breakup by End Use
- BFSI
- Healthcare
- IT and Telecom
- Media and Entertainment
- Retail and E-Commerce
- Transportation
- Others
Market Breakup by Region
- England
- Wales
- Scotland
- Northern Ireland
The key United Kingdom mobile payment market players are Alphabet Inc., Samsung Electronics Co. Ltd., Amazon.com Inc., PayPal Holdings Inc., Apple Inc., Block, Inc., Elavon Inc. (Opayo), Stripe Inc., MoneyGram International, Inc., and Visa Inc., and Mastercard Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Technology |
|
| Breakup by Payment Type |
|
| Breakup by Location |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Europe Mobile Payment Market Overview
8.1 Key Industry Highlights
8.2 Europe Mobile Payment Historical Market (2018-2023)
8.3 Europe Mobile Payment Market Forecast (2024-2032)
9 United Kingdom Mobile Payment Market Overview
9.1 Key Industry Highlights
9.2 United Kingdom Mobile Payment Historical Market (2018-2023)
9.3 United Kingdom Mobile Payment Market Forecast (2024-2032)
10 United Kingdom Mobile Payment Market by Technology
10.1 Direct Mobile Billing
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Near Field Communication
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Mobile Web Payment
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 SMS
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Mobile Application
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 United Kingdom Mobile Payment Market by Payment Type
11.1 B2B
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 B2C
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 B2G
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 United Kingdom Mobile Payment Market by Location
12.1 Remote Payment
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Proximity Payment
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 United Kingdom Mobile Payment Market by End Use
13.1 BFSI
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Healthcare
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 IT and Telecom
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Media and Entertainment
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Retail and E-Commerce
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Transportation
13.6.1 Historical Trend (2018-2023)
13.6.2 Forecast Trend (2024-2032)
13.7 Others
14 United Kingdom Mobile Payment Market by Region
14.1 England
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Wales
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 Scotland
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 Northern Ireland
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators for Demand
15.4 Key Indicators for Price
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Alphabet Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Samsung Electronics Co. Ltd.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Amazon.com Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 PayPal Holdings Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Apple Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Block, Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Elavon Inc. (Opayo)
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Stripe Inc.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 MoneyGram International, Inc.
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Visa Inc.
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Mastercard Inc.
16.2.11.1 Company Overview
16.2.11.2 Product Portfolio
16.2.11.3 Demographic Reach and Achievements
16.2.11.4 Certifications
16.2.12 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Europe Mobile Payment Market: Key Industry Highlights, 2018 and 2032
2. United Kingdom Mobile Payment Market: Key Industry Highlights, 2018 and 2032
3. United Kingdom Mobile Payment Historical Market: Breakup by Technology (USD Million), 2018-2023
4. United Kingdom Mobile Payment Market Forecast: Breakup by Technology (USD Million), 2024-2032
5. United Kingdom Mobile Payment Historical Market: Breakup by Payment Type (USD Million), 2018-2023
6. United Kingdom Mobile Payment Market Forecast: Breakup by Payment Type (USD Million), 2024-2032
7. United Kingdom Mobile Payment Historical Market: Breakup by Location (USD Million), 2018-2023
8. United Kingdom Mobile Payment Market Forecast: Breakup by Location (USD Million), 2024-2032
9. United Kingdom Mobile Payment Historical Market: Breakup by End Use (USD Million), 2018-2023
10. United Kingdom Mobile Payment Market Forecast: Breakup by End Use (USD Million), 2024-2032
11. United Kingdom Mobile Payment Historical Market: Breakup by Region (USD Million), 2018-2023
12. United Kingdom Mobile Payment Market Forecast: Breakup by Region (USD Million), 2024-2032
13. United Kingdom Mobile Payment Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 23.2% between 2024 and 2032.
The different technologies in the market include direct mobile billing, near field communication, mobile web payment, SMS, and mobile application, among others.
The different payment types in the market include B2B, B2C, and B2G.
The major end uses of mobile payment include BFSI, healthcare, IT and telecom, media and entertainment, retail and e-commerce, and transportation, among others.
The key market players are Alphabet Inc., Samsung Electronics Co. Ltd., Amazon.com Inc., PayPal Holdings Inc., Apple Inc., Block, Inc., Elavon Inc. (Opayo), Stripe Inc., MoneyGram International, Inc., and Visa Inc., Mastercard Inc., among others.
Purchase Options 10% off
Call us
Purchase Full Report
Datasheet
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER