Mobile payments in the United Kingdom (UK) - statistics & facts
Mobile payments are digital payments that are exclusively performed with a mobile device, either online of offline, and the United Kingdom is no stranger to this. The UK mobile payments market is said to have more than 10 million users since the coronavirus pandemic, accelerating a shift towards a more cashless society as many people used less bank notes and coins for in-store transactions. That same year, mobile payments made up nearly one quarter of all smartphone users in the country. Compared to other payment methods, however, mobile payments where consumers swipe their phone past a terminal are not as popular as card payments. This is different in UK e-commerce, however, where mobile wallets rank as the most popular way to pay for online shopping.
