UK contactless payment market is anticipated to grow at a CAGR 15.0% during the forecast period. UK contactless payment market has held the major market share due to high adoption and awareness. Due to modernization trend, adoption is also growing in UK at a high rate. UK is leading the market with the value of $460 million in 2018 and is estimated to reach about $1.2 billion till 2025. UK is one of those countries which is rapidly transforming from conventional to contactless payment methods and digital technology is emerging as one of the supporting pillars for rapid transformation of financial services.
According to UK Finance department, 7 out of every 10 account holders use online banking. Cash payments are continuously decreasing with the evolution of advanced technology in the financial sector. Approximately 62% of the total payments in 2006 were made through cash which has reduced to 40% in the year 2016 and in 2026, the number is estimated to decrease to 21%. With the increasing digital payments, financial institutions are trying to enhance security and handling of payment operations with the support of advanced technology.
To Request a Sample of our Report on UK Contactless Payment Market: https://www.omrglobal.com/request-sample/uk-contactless-payment-market
UK Contactless Payment Market Segmentation
By Device
- Smartphones
- Smart Cards
- Point of Sale Terminals
- Other
By End-User
- Retail
- BFSI
- Transportation
- Others
A full Report of UK Contactless Payment Market is Available at: https://www.omrglobal.com/industry-reports/uk-contactless-payment-market
Company Profiles
- Gemalto NV
- GIESECKE+DEVRIENT GMBH
- IBM Corp.
- INFINEON TECHNOLOGIES AG
- Ingenico Group SA
- Prepay solutions
- Thales Group
- VERIFONE SYSTEMS, INC
- VISA, INC
- Wirecard AG
Reasons to Buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
