United Kingdom Mobile Payments Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
United Kingdom mobile payments market is estimated to register a CAGR of 22.3% from 2022 to 2027. The market majorly comprises players offering software as a service in the form of mobile applications used for making payments. United Kingdom (United Kingdom) is a mature space for mobile payments, as the country for one of the earliest adopters to introduce mobile payments.
Key HighlightsUnited Kingdom mobile payments market is moderately fragmented, with many players. The market is highly competitive since payments through mobile and connected devices are gaining popularity fast. The brands are highlighting the compatibility of their products with wearables and utilizing technologies like NFC to stress ease of use. Companies collaborate with other vendors and e-commerce platforms to boost favorability in the competitive market space.
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