The United Kingdom Payment Market Report is Segmented by Mode of Payment (Point of Sale, Online), Interaction Channel (Point-Of-Sale, E-commerce/M-commerce), Transaction Type (P2P, C2B, B2B, Remittances and Cross-Border), End-User Industry (Retail, Entertainment and Digital Content, Healthcare, Hospitality & Travel, and More). The Market Forecasts are Provided in Terms of Value (USD).

The Payment Systems industry's revenue is slated to climb at a compound annual rate of 6.6% over the five years through 2024-25 to reach £9.7 billion. The industry has enjoyed a sizable growth spurt, mostly thanks to tech-friendly consumer behaviour pushing digital and contactless payments into the limelight. The notable slump in cold, hard cash has left more room for plastic counterparts in our wallets and pockets. The industry's transaction volumes have boomed as contactless payment technology has become a staple in our shopping routines, giving industry revenue a notable lift. Over the last half-decade, the industry has capitalised on the digital shift in big ways. E-commerce has surged, demanding well-oiled, integrated payment networks that can handle the uptick in card transactions. This demand, surprisingly intensified by the pandemic, has seen card payments skyrocket, eclipsing their cash counterparts for the first time in 2017. The Payment Systems industry's revenue is estimated to climb by 6.1% in 2024-25. The industry's profit has ticked up, buoyed by heightened revenue, reduced wage costs, the swift adoption of card and online payments amid the pandemic and the rising popularity of online shopping and mobile payments. The Payment Systems industry's revenue is expected to mount at a compound annual rate of 4.5% over the five years through 2029-30 to £12.1 billion, while profit is anticipated to reach 24.9% of revenue. Growth will slow as the rollout of contactless payments ends, with many businesses having already implemented the technology. Thanks to their continued access to the Single Euro Payments Area, UK payment system providers are expected to benefit from international fees. As crypto and digital currencies become more commonplace, providers will continue to adapt to these new forms of payment, investing in new ways for customers to pay.

United Kingdom Mobile Payments Market Report is Segmented by Payment Type (Proximity Payments, Remote Payments), Transaction Type (Peer-To-Peer (P2P), In-Store Point-Of-Sale (POS), Person-To-Merchant (P2M/Checkout), and More), Application (Retail & ECommerce, Transportation and Logistics, and More), End-User (Personal, Business), and Geography (United Kingdom). The Market Forecasts are Provided in Terms of Value (USD).

Market Size and Growth: The UK digital payment industry has experienced steady growth, reaching a market size of £490.77 million in 2025. It is projected to continue expanding at a CAGR of 11.60% over the next ten years, driven by the increasing adoption of cashless transactions, e-commerce, and mobile payments. Key drivers of this growth include government initiatives promoting digital payments, increasing consumer preference for contactless and secure transactions, and the expansion of online retail. Industry Trends, Restraints, and Key Players: Several trends are shaping the UK digital payment industry, including the rise of mobile wallets, the integration of artificial intelligence (AI) and machine learning (ML) for fraud detection, and the growing importance of data security. However, concerns over privacy and data breaches remain restraints for the industry. Major players in the UK digital payment market include Visa Inc., Klarna Inc., Worldpay Inc., and PayPal Payments Private Limited. These companies are investing heavily in innovation and partnerships to meet the evolving needs of consumers and businesses alike. The industry is expected to see continued consolidation as larger players acquire smaller fintech startups with niche offerings. Recent developments include: November 2023 - Square launched Tap to Pay on iPhone across the United Kingdom, making it the third market globally where the company will offer the technology to its sellers. Available within the Square for Retail, Square Point of Sale, and Square Appointments iOS apps, Tap to Pay on iPhone enables sellers of all sizes to accept contactless payments directly from their iPhone, without additional hardware required and at no extra cost., February 2023: International payment provider ECOMMPAY launched a new BNPL payment solution for UK travel companies amid calls for tighter rules in the BNPL sector. Built with the company's proprietary technology, the new payment solution promises 24/7 customer support with a robust risk scoring system tailored to an individual's travel circumstances, offering higher credit limits for specific travel needs and credit return limits to protect booking agencies and travel agents.. Key drivers for this market are: High Proliferation of E-commerce, including the rise of m-commerce and cross-border e-commerce supported by the increase in purchasing power, Enablement Programs by Key Retailers and Government encouraging digitization of the market; Growth of Real-time Payments, especially Buy Now Pay Later in the country. Potential restraints include: , Stringent Regulations in the Payments Industry. Notable trends are: Card Payments to Witness Significant Growth.

United Kingdom Payment Gateway Market Report is Segmented by Type (Hosted, Self-/Non-Hosted), Enterprise Size (Small & Medium Enterprises, Large Enterprises), Channel (Online/Web, Mobile In-App, In-Store POS), End-User Industry (Retail & E-Commerce, Travel & Hospitality, Banking Financial Services & Insurance, Media & Entertainment, Other End-User Industries). The Market Forecasts are Provided in Terms of Value (USD).

The size of the United Kingdom Real Time Payments market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 11.45% during the forecast period. The United Kingdom has a mature RTP infrastructure; based on the FPS, RTPs enable banks to make interbank transfers instantly into bank accounts between banks, and these are settled within a matter of seconds, around the clock, 365 days a year, which is sharply in contrast with traditional payment systems where transfers often occur hours or even days before clearing. UK FPS is indeed facilitating the adoption of RTP that empowers an individual, as well as businesses with instant transferring of money. The application has now penetrated for billing payments, salary transfers, and even transferring money between people. So much convenience and speed with the help of RTP makes transactions faster and processes cycles run for businesses and make them get better customer experience at large. The UK real-time payments landscape offers the following essential benefits, such as better management of cash flows, faster execution of reconciliation, and more advanced security features. Real-time payments are going to shape the future of UK financial services and spark innovation and economic growth within this economy as the UK continues its further digital transformation journey. Recent developments include: June 2022: In the United Kingdom and Europe, Apple's 'Pay Later' service will reportedly use Apple IDs to help detect fraudulent transactions and minimize the chance of losses. As most financial firms that provide "buy now, pay later" services use third-party credit reports to judge whether they can afford to offer credit to new and existing customers. For Apple Pay Later, a subsidiary has been created called Apple Financing LLC, giving Apple more direct control over the service.. Key drivers for this market are: Increased Internet Penetration, Decreasing Traditional Banking trend; Growing Requirement of Convenient Payment Options. Potential restraints include: Operational Challenges Involving Cross-border Payments. Notable trends are: Growing Requirement of Convenient Payment Options.

The number of users is forecast to experience significant growth in all segments in 2028. As part of the positive trend, the indicator achieves the maximum value across all two different segments by the end of the comparison period. Notably, the segment Digital Commerce stands out with the highest value of ***** million users. Find other insights concerning similar markets and segments, such as a comparison of number of campaigns in Central America and a comparison of revenue in Central America. The Statista Market Insights cover a broad range of additional markets.

United Kingdom Real Time Payments Market is Segmented by Transaction Type (Peer-To-Peer (P2P), Peer-To-Business (P2B)), Component (Platform / Solution, Services), Deployment Mode (Cloud, On-Premise), Enterprise Size (Large Enterprises, Small and Medium Enterprises), End-User Industry (Retail and E-Commerce, BFSI, Utilities and Telecom, Healthcare, and More). The Market Forecasts are Provided in Terms of Value (USD).

Over the last two observations, the average transaction value per user is forecast to significantly increase in all segments. As part of the positive trend, the indicator reaches the maximum value for all two different segments at the end of the comparison period. Particularly noteworthy is the segment Mobile POS Payments, which has the highest value of ********* U.S. dollars. Find other insights concerning similar markets and segments, such as a comparison of number of users in France and a comparison of revenue in the United Kingdom. The Statista Market Insights cover a broad range of additional markets.

The Payment Service Providers industry's revenue is expected to expand at a compound annual rate of 2.7% over the five years through 2024-25. The continued rise of e-commerce and the mounting popularity of contactless card spending have spurred significant growth. The pandemic-induced lockdowns fuelled the surge in online shopping. Concurrently, cash's decline and card payments' rising share, particularly contactless ones, have backed this solid performance further. The Financial Conduct Authority's hike in the contactless limit to £100 in October 2021 only amplified this trend. Over the last half-decade, technical advancements and regulatory support have played critical roles in shaping the industry's trajectory. Since its establishment in 2008, Faster Payment Services has become a cornerstone in the UK's financial infrastructure, supporting near-instant online bank transfers supporting a virtually cashless society. With an impressive spike from 2.4 billion transactions in 2019 to 4.5 billion by 2023, the service is credited for streamlining the payment processing systems for businesses across sectors. Revenue is projected to climb by 4.3% in 2024-25 to £12.6 billion, with the average industry profit margin set to reach 9.8%. Revenue is expected to mount at a compound annual rate of 3.6% to £15 billion over the five years through 2029-30. As consumer spending recovers post the cost-of-living crisis, cutting-edge payment systems like Buy Now, Pay Later (BNPL) services are expected to redefine consumer budgeting, pushing up transaction volumes. Cryptocurrencies, despite being largely unexplored, are projected to add significant value. The proliferation and diversification of offerings, including stablecoins, can widen inn providers' service portfolio, turbocharging customer retention and revenue. However, the spectre of cyber threats looms large. Despite this, companies that continue to innovate, strengthen cybersecurity and stay aligned with the digital trends will likely have the upper hand in the dynamic industry landscape.

The United Kingdom payment market size is projected to grow at a CAGR of 7.80% between 2025 and 2034. The rising payments through credit and debit cards, coupled with the rising trend of buy now pay later (BNPL), are aiding the market growth.

The UK mobile payments industry is experiencing robust growth, driven by increasing smartphone penetration, the rising adoption of contactless payments, and the expanding e-commerce sector. The market's convenience and security features are attracting a wider user base, encompassing both younger demographics adept at digital technologies and older generations increasingly comfortable with mobile solutions. While precise figures for the UK market size are unavailable from the provided data, we can infer significant value based on the global CAGR of 22.30% and the substantial presence of major players like Apple Pay, Google Pay, and others operating within the UK. Considering the UK's advanced digital infrastructure and high mobile phone usage, it's reasonable to estimate the UK mobile payment market to be a substantial segment of the overall European market. The market's growth is further fueled by innovations like biometric authentication, improved security protocols, and the integration of mobile payments into various loyalty programs and reward systems, enhancing user engagement. Looking ahead, the UK mobile payments market is poised for continued expansion. The increasing prevalence of mobile banking apps, coupled with government initiatives promoting digital transactions, will likely contribute to heightened market penetration. However, challenges remain, including concerns about data security and privacy, the need for robust infrastructure to support widespread adoption, and the potential competition from emerging payment technologies. Nevertheless, the ongoing digital transformation in the UK, along with the continued innovation by key players, suggests a positive trajectory for the mobile payments sector, promising further substantial growth in the coming years. Recent developments include: May 2022 - Google announced Google Wallet to store payment and non-payment assets in virtual cloud-based storage. The payment assets could include credit cards, debit cards, etc., which could be used to make payments by using the Tap to Pay feature from the smartphone, wherever Google Pay is acceptable for a mode of payment. The app will be available in 39 markets worldwide, including the United Kingdom., May 2022 - The Big Issue Group (TBIG) equipped 1,000 of its vendors with Zettle by PayPal. Zettle is a contactless technology that enables contactless in-person payments through Android mobile devices using Tap to Pay, omitting the need for a third device to complete the payment. TBIG is looking forward to extending the program to equip all 1,500 vendors by the end of 2022.. Key drivers for this market are: Development of M-Commerce Ecosystem with High Internet Penetration, Favorable Government Initiatives and Regulations. Potential restraints include: Development of M-Commerce Ecosystem with High Internet Penetration, Favorable Government Initiatives and Regulations. Notable trends are: Internet Penetration in the UK is Driving the Market.

The number of internet users in the United Kingdom was forecast to continuously increase between 2024 and 2029 by in total 2.9 million users (+4.94 percent). After the fifteenth consecutive increasing year, the number of users is estimated to reach 61.57 million users and therefore a new peak in 2029. Notably, the number of internet users of was continuously increasing over the past years.Depicted is the estimated number of individuals in the country or region at hand, that use the internet. As the datasource clarifies, connection quality and usage frequency are distinct aspects, not taken into account here.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in up to 150 countries and regions worldwide. All indicators are sourced from international and national statistical offices, trade associations and the trade press and they are processed to generate comparable data sets (see supplementary notes under details for more information).

The size of the UK Mobile Payments Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 22.30% during the forecast period. Growth in the UK mobile payments market is supported by the fast pace of smartphone, contactless payments, and digital wallet adoption amid consumers. Mobile payments allow the consumer to conduct a transaction that is supported using a mobile device instead of physical cash or cards. Main-stream platforms include Apple Pay, Google Pay, and Samsung Pay, but also local players like Paym and Barclaycard. These have made it a lot easier to pay for goods and services online and in-store-just tap or click. Several factors propel the growth of the mobile payments market in the UK. Major drivers for this shift towards a cashless society have been the altering consumer preferences and the benefits of contactless transactions. The process was further fueled by the COVID-19 pandemic, as more people sought safer and hygienic payments; significant growth in mobile payments was noted. Increasing security measures also helped increase consumer confidence in mobile payments, including fingerprint and facial recognition through biometric authentication and tokenization. The UK also boasts of a good digital infrastructure and a high fintech innovation level that has supported the development of mobile payment solutions across a wide range of industries, for example, retail, transport, and financial services. Recent developments include: May 2022 - Google announced Google Wallet to store payment and non-payment assets in virtual cloud-based storage. The payment assets could include credit cards, debit cards, etc., which could be used to make payments by using the Tap to Pay feature from the smartphone, wherever Google Pay is acceptable for a mode of payment. The app will be available in 39 markets worldwide, including the United Kingdom., May 2022 - The Big Issue Group (TBIG) equipped 1,000 of its vendors with Zettle by PayPal. Zettle is a contactless technology that enables contactless in-person payments through Android mobile devices using Tap to Pay, omitting the need for a third device to complete the payment. TBIG is looking forward to extending the program to equip all 1,500 vendors by the end of 2022.. Key drivers for this market are: Development of M-Commerce Ecosystem with High Internet Penetration, Favorable Government Initiatives and Regulations. Potential restraints include: Cybersecurity and Data Breaches for Mobile Payments. Notable trends are: Internet Penetration in the UK is Driving the Market.

The United Kingdom mobile payment market size is projected to grow at a CAGR of 23.20% between 2025 and 2034. The market is being driven by the development of robust financial infrastructure and the flourishing travel and tourism sector.

The United Kingdom real-time payments market is experiencing robust growth, driven by increasing mobile and online transactions, the rising adoption of digital wallets, and the government's push for faster payment systems. The market's compound annual growth rate (CAGR) of 11.45% from 2019 to 2024 indicates a significant expansion, projected to continue throughout the forecast period (2025-2033). The two primary segments, peer-to-peer (P2P) and peer-to-business (P2B) payments, are both contributing to this growth, with P2P likely holding a larger market share due to the widespread adoption of mobile payment apps. Key players like ACI Worldwide Inc, Fiserv Inc, PayPal Holdings Inc, Mastercard Inc, Google LLC (Google Pay), VISA Inc, Apple Inc (Apple Pay), Samsung Electronics (Samsung Pay), Diners Club International, and Finastra Limited are competing intensely, driving innovation and improving service offerings. The UK's well-developed financial infrastructure and supportive regulatory environment further bolster market expansion. Growth is expected to be fuelled by increasing e-commerce adoption, improved security features in real-time payment systems, and the expanding use of open banking APIs to facilitate seamless transactions. While potential restraints such as cybersecurity threats and the need for robust consumer education exist, the overall market outlook remains positive, suggesting continued strong growth in the coming years. The UK's real-time payments market is strategically positioned for continued expansion, benefitting from its early adoption of advanced payment technologies and a technologically savvy population. While the exact market size for 2025 is not provided, considering a 11.45% CAGR from 2019, and extrapolating based on industry reports indicating substantial growth in the UK payments sector, we can reasonably estimate a 2025 market size in the hundreds of millions of pounds. Further growth will be fueled by initiatives to improve financial inclusion, the increasing demand for faster and more efficient cross-border payments, and the ongoing development of innovative payment solutions tailored to specific industry needs. The competitive landscape is dynamic, with both established players and fintech companies vying for market share, leading to greater innovation and consumer choice. Recent developments include: June 2022: In the United Kingdom and Europe, Apple's 'Pay Later' service will reportedly use Apple IDs to help detect fraudulent transactions and minimize the chance of losses. As most financial firms that provide "buy now, pay later" services use third-party credit reports to judge whether they can afford to offer credit to new and existing customers. For Apple Pay Later, a subsidiary has been created called Apple Financing LLC, giving Apple more direct control over the service.. Key drivers for this market are: Increased Internet Penetration, Decreasing Traditional Banking trend; Growing Requirement of Convenient Payment Options. Potential restraints include: Increased Internet Penetration, Decreasing Traditional Banking trend; Growing Requirement of Convenient Payment Options. Notable trends are: Growing Requirement of Convenient Payment Options.

The graph presents the value of transactions in the Digital Payments market in United Kingdom in 2020, and provides a forecast thereof until 2024. According to the Digital Market Outlook, the Digital Commerce segment in United Kingdom is expected to grow to ********* million U.S. dollars in 2024.Statista’s Digital Market Outlook offers forecasts, detailed market insights and essential performance indicators of the most significant areas in the Digital Economy, including various digital goods and services. Alongside revenue forecasts for *** countries worldwide, Statista offers additional insights into consumer trends and demographic structure of digital consumer markets. The Forecast was adjusted for the expected impact of COVID-19.

The population share with mobile internet access in the United Kingdom was forecast to continuously increase between 2024 and 2029 by in total 2.8 percentage points. After the fifteenth consecutive increasing year, the mobile internet penetration is estimated to reach 86.56 percent and therefore a new peak in 2029. Notably, the population share with mobile internet access of was continuously increasing over the past years.The penetration rate refers to the share of the total population having access to the internet via a mobile broadband connection.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in up to 150 countries and regions worldwide. All indicators are sourced from international and national statistical offices, trade associations and the trade press and they are processed to generate comparable data sets (see supplementary notes under details for more information).

The UK payment gateway sector is expected to exceed USD 1.83 billion by 2030, with increased demand for digital payments driven by evolving consumer preferences and business digita

The UK Fintech market, valued at £14.74 billion in 2025, is experiencing robust growth, projected to expand at a compound annual growth rate (CAGR) of 10% from 2025 to 2033. This expansion is driven by several key factors. Increased smartphone penetration and digital literacy amongst consumers fuel the adoption of mobile banking and payment apps like Revolut and Monzo. The rise of open banking initiatives empowers third-party providers to access customer financial data, fostering innovation in personalized financial services, including digital lending and investment platforms such as Nutmeg and Moneybox. Furthermore, a regulatory environment that encourages innovation, coupled with a thriving startup ecosystem, is attracting significant investment and driving competition within the sector. The market’s segmentation reveals strong growth in money transfer and payment services, fueled by international remittance needs and the increasing preference for contactless and digital transactions. Growth in digital lending is also significant, driven by the demand for accessible and quick loan solutions. However, challenges remain, including cybersecurity concerns, regulatory hurdles around data privacy, and the potential for market consolidation as larger players acquire smaller fintech firms. The increasing adoption of AI and machine learning to enhance risk assessment and customer service contributes to market growth and differentiation. The forecast for the UK Fintech market through 2033 suggests continued upward trajectory, although the pace of growth might moderate slightly in the later years due to market saturation and increased competition. The continued integration of innovative technologies such as blockchain and cryptocurrency will redefine service offerings, potentially creating new market segments. Businesses are increasingly adopting Fintech solutions for streamlined payment processing and improved financial management. The expanding usage of AI and machine learning in fraud detection and personalized financial advice will further drive market growth and enhance customer experience. The continued success will hinge on addressing regulatory complexities, maintaining consumer trust, and adapting to the evolving needs of a dynamic market landscape. This report provides a detailed analysis of the dynamic United Kingdom Fintech market, covering the period from 2019 to 2033. With a base year of 2025 and an estimated year of 2025, this study offers valuable insights into market size, trends, and future projections, focusing on key players like Revolut, Monzo, and Wise (formerly TransferWise). The report utilizes a robust methodology incorporating historical data (2019-2024) and forecasts (2025-2033) to deliver actionable intelligence for stakeholders in this rapidly evolving sector. Recent developments include: September 2023: Moneybox, the award-winning saving and investing platform, launched a new market-leading Cash ISA, offering 4.65% AER (variable) on deposits of GBP 500 (USD 629.99) or more. Designed to encourage people to grow their savings tax-free over the medium-long term, this new Cash ISA allows up to three withdrawals within 12 months from the account opening date without compromising the attractive interest rate., March 2023: The fintech formerly known as Transferwise is continuing its evolution as it rolled out its rebrand. Wise's new look, which comes as it hits 16 million customers worldwide, was created to reflect its global reach, drawing inspiration from the currencies, languages, and places it serves worldwide. With around six million active customers moving a massive EUR 100 Billion (USD 107.17 Billion) annually, the company is onboarding 100,000 new users every week as it works on its mission to make a move “move faster, more conveniently, and eventually free.". Key drivers for this market are: Government Support is Driving the Market, Strong Financial Ecosystem is Driving the Market. Potential restraints include: Government Support is Driving the Market, Strong Financial Ecosystem is Driving the Market. Notable trends are: Rising Payments and Digital Banking in the United Kingdom.