United Kingdom Mobile Payment Market Report and Forecast 2025-2034
Market Report I 2025-06-06 I 130 Pages I EMR Inc.
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 development of financial infrastructure that enables instant real-time digital payments is expected to drive the market growth over the forecast period. Moreover, an anticipated increase in consumer trust regarding mobile payments, driven by government-backed initiatives, is expected to propel the market growth.
The food and beverage industry is witnessing increasing adoption of QR-code-based payment strategies because of its increased flexibility and convenience. By automating the process of collecting payments, businesses have been able to minimise labour costs and improve operational efficiencies. This is one of the key United Kingdom mobile payment market trends.
The tourism industry is also expected to benefit from the widespread adoption of mobile payment systems across the UK. By improving the payment collecting mechanism, the traveller experience can be significantly improved, and record keeping optimised. This is expected to drive the market growth.
Apple Pay is expected to remain the most popular mobile payment app in the UK. Clothing and accessories, groceries, and healthcare products are some of the topmost purchase categories where people make mobile payments in the UK. According to Rapyd, the expansion of e-commerce has led to a substantial increase in the number of digital payments across the country, with people preferring it over cash payments. This is expected to contribute to the United Kingdom mobile payment market growth in the forecast period.
Market Segmentation
United Kingdom Mobile Payment Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Technology:
- Direct Mobile Billing
- Near Field Communication
- Mobile Web Payment
- SMS
- Mobile Application
- Others
Market Breakup by Payment Type:
- B2B
- B2C
- B2G
Market Breakup by Location:
- Remote Payment
- Proximity Payment
Market Breakup by End Use:
- BFSI
- Healthcare
- IT and Telecom
- Media and Entertainment
- Retail and E-Commerce
- Transportation
- Others
Market Breakup by Region:
- England
- Wales
- Scotland
- Northern Ireland
Competitive Landscape
The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and the latest developments like mergers and acquisitions, investments, and technological innovation.
- Alphabet Inc.
- Samsung Electronics Co. Ltd.
- Amazon.com Inc.
- PayPal Holdings Inc.
- Apple Inc.
- Block, Inc.
- Elavon Inc. (Opayo)
- Stripe Inc.
- MoneyGram International, Inc.
- Visa Inc.
- Mastercard Inc.
- Others
1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Regions
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 Europe Mobile Payment Market Overview
5.1 Key Industry Highlights
5.2 Europe Mobile Payment Historical Market (2018-2024)
5.3 Europe Mobile Payment Market Forecast (2025-2034)
6 United Kingdom Mobile Payment Market Overview
6.1 Key Industry Highlights
6.2 United Kingdom Mobile Payment Historical Market (2018-2024)
6.3 United Kingdom Mobile Payment Market Forecast (2025-2034)
7 United Kingdom Mobile Payment Market by Technology
7.1 Direct Mobile Billing
7.1.1 Historical Trend (2018-2024)
7.1.2 Forecast Trend (2025-2034)
7.2 Near Field Communication
7.2.1 Historical Trend (2018-2024)
7.2.2 Forecast Trend (2025-2034)
7.3 Mobile Web Payment
7.3.1 Historical Trend (2018-2024)
7.3.2 Forecast Trend (2025-2034)
7.4 SMS
7.4.1 Historical Trend (2018-2024)
7.4.2 Forecast Trend (2025-2034)
7.5 Mobile Application
7.5.1 Historical Trend (2018-2024)
7.5.2 Forecast Trend (2025-2034)
7.6 Others
8 United Kingdom Mobile Payment Market by Payment Type
8.1 B2B
8.1.1 Historical Trend (2018-2024)
8.1.2 Forecast Trend (2025-2034)
8.2 B2C
8.2.1 Historical Trend (2018-2024)
8.2.2 Forecast Trend (2025-2034)
8.3 B2G
8.3.1 Historical Trend (2018-2024)
8.3.2 Forecast Trend (2025-2034)
9 United Kingdom Mobile Payment Market by Location
9.1 Remote Payment
9.1.1 Historical Trend (2018-2024)
9.1.2 Forecast Trend (2025-2034)
9.2 Proximity Payment
9.2.1 Historical Trend (2018-2024)
9.2.2 Forecast Trend (2025-2034)
10 United Kingdom Mobile Payment Market by End Use
10.1 BFSI
10.1.1 Historical Trend (2018-2024)
10.1.2 Forecast Trend (2025-2034)
10.2 Healthcare
10.2.1 Historical Trend (2018-2024)
10.2.2 Forecast Trend (2025-2034)
10.3 IT and Telecom
10.3.1 Historical Trend (2018-2024)
10.3.2 Forecast Trend (2025-2034)
10.4 Media and Entertainment
10.4.1 Historical Trend (2018-2024)
10.4.2 Forecast Trend (2025-2034)
10.5 Retail and E-Commerce
10.5.1 Historical Trend (2018-2024)
10.5.2 Forecast Trend (2025-2034)
10.6 Transportation
10.6.1 Historical Trend (2018-2024)
10.6.2 Forecast Trend (2025-2034)
10.7 Others
11 United Kingdom Mobile Payment Market by Region
11.1 England
11.1.1 Historical Trend (2018-2024)
11.1.2 Forecast Trend (2025-2034)
11.2 Wales
11.2.1 Historical Trend (2018-2024)
11.2.2 Forecast Trend (2025-2034)
11.3 Scotland
11.3.1 Historical Trend (2018-2024)
11.3.2 Forecast Trend (2025-2034)
11.4 Northern Ireland
11.4.1 Historical Trend (2018-2024)
11.4.2 Forecast Trend (2025-2034)
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter's Five Forces Analysis
12.2.1 Supplier's Power
12.2.2 Buyer's Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Supplier Selection
13.2 Key Global Players
13.3 Key Regional Players
13.4 Key Player Strategies
13.5 Company Profiles
13.5.1 Alphabet Inc.
13.5.1.1 Company Overview
13.5.1.2 Product Portfolio
13.5.1.3 Demographic Reach and Achievements
13.5.1.4 Certifications
13.5.2 Samsung Electronics Co. Ltd.
13.5.2.1 Company Overview
13.5.2.2 Product Portfolio
13.5.2.3 Demographic Reach and Achievements
13.5.2.4 Certifications
13.5.3 Amazon.com Inc.
13.5.3.1 Company Overview
13.5.3.2 Product Portfolio
13.5.3.3 Demographic Reach and Achievements
13.5.3.4 Certifications
13.5.4 PayPal Holdings Inc.
13.5.4.1 Company Overview
13.5.4.2 Product Portfolio
13.5.4.3 Demographic Reach and Achievements
13.5.4.4 Certifications
13.5.5 Apple Inc.
13.5.5.1 Company Overview
13.5.5.2 Product Portfolio
13.5.5.3 Demographic Reach and Achievements
13.5.5.4 Certifications
13.5.6 Block, Inc.
13.5.6.1 Company Overview
13.5.6.2 Product Portfolio
13.5.6.3 Demographic Reach and Achievements
13.5.6.4 Certifications
13.5.7 Elavon Inc. (Opayo)
13.5.7.1 Company Overview
13.5.7.2 Product Portfolio
13.5.7.3 Demographic Reach and Achievements
13.5.7.4 Certifications
13.5.8 Stripe Inc.
13.5.8.1 Company Overview
13.5.8.2 Product Portfolio
13.5.8.3 Demographic Reach and Achievements
13.5.8.4 Certifications
13.5.9 MoneyGram International, Inc.
13.5.9.1 Company Overview
13.5.9.2 Product Portfolio
13.5.9.3 Demographic Reach and Achievements
13.5.9.4 Certifications
13.5.10 Visa Inc.
13.5.10.1 Company Overview
13.5.10.2 Product Portfolio
13.5.10.3 Demographic Reach and Achievements
13.5.10.4 Certifications
13.5.11 Mastercard Inc.
13.5.11.1 Company Overview
13.5.11.2 Product Portfolio
13.5.11.3 Demographic Reach and Achievements
13.5.11.4 Certifications
13.5.12 Others
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