Digital wallets are gaining share of retail transactions in the UK as consumers seek secure and frictionless payment options, both in-store and online. Retailers that don’t offer digital options risk losing sales.
Key Question: Why should UK retailers respond to the surge in digital wallet adoption?
Key Stat: More than half (53%) of UK consumers have recently purchased products online using PayPal, and 30% have used Apple Pay.
Key Report Features:
- 2 Exportable files for easy reading, analysis and sharing.
- 6 Charts: Reliable data in simple displays for presentations and quick decision making.
Table of Contents
- Executive Summary
- Digital wallets are gaining share of UK retail spending
- Digital wallets are the fastest-growing online payment method
- Digital wallets are also gaining share of in-store payments
- How can retailers leverage the growth in digital wallets?
- Sources
- Media Gallery
Charts
- PayPal and Apple Pay Are the Top Digital Wallets for Ecommerce Transactions in the UK
- Digital Wallets Are Gaining Share of UK Spending, While Use of Plastic Cards and Cash Is Declining
- Digital Wallets are Valued Most Because They Make It Easier and Quicker to Pay Online or In-Store
- By 2027, Half of All Ecommerce Payments in the UK Will Be Made via a Digital Wallet
- Adoption of Mobile Wallets for In-Store Point-of-Sale Payments Is Rising in the UK (millions of UK proximity mobile payment users, % change, and % of mobile phone users, 2022-2027)
- ApplePay is the Most Popular Digital Wallet for In-Store Payments in the UK
