Key Market Indicators
The UK's payment transaction market is set to reach £45.8 billion by 2026, down 5.3% on 2021's figure of £58.2 billion. Since 2012, UK demand has decreased by 4% year on year. In 2021, the US led the way with £58.2 billion, followed by the UK, Germany and France. The number of payment terminals in the UK is expected to reach 32.8 million by 2026, up 2% from 2021's figure of 29.5 million. Since 2012, the UK's supply has grown 3.2% year on year. In 2021, Brazil overtook the UK with 29.5 million units, followed by China, Brazil and the UK.
The United Kingdom Payments Market Data and Forecasts
How much will the United Kingdom Payments Market grow to 2026?
More in Payments Industry for 2028Improve your Knowledge with the latest Indicators and Trends
-
ATM Cards Market: A Global Examination of Trends and Opportunities
Technological advancements, mature banking ecosystems and rising economies are currently playing a pivotal role in steering the market dynamics in the global arena of cash-dispensing cards. The surge in intercountry travels, demand for hassle-free financial transactions, and growing affinity towards digital banking are further fuelling the accelerated market expansion. On...
Discover more insights -
Decoding Dynamics: Key Insights into Credit Card and Financial Processing Industry
A principal factor driving the financial performance of the credit card and financial processing sector is the transactional revenue. This comes as a result of increasing adoption of digital payment methods over traditional payment systems globally. Businesses are transitioning to becoming cashless, with the demand for innovative payment platforms remaining...
Discover more insights -
Banking Innovations: The Evolution and Strategic Opportunities of ATM Cards
ATM cards, initially designed merely to withdraw cash, have undergone remarkable changes over the years. The first inroads were automation and digitisation, enhancing speed and convenience, thereby increasing customer reliance on this technology. This evolution was enabled by advances in computer technologies, such as the advent of chip technology and...
Discover more insights -
Store Cards: Unraveling Economic Patterns and Consumer Behavior Worldwide
Store cards, also known as store-branded credit or loyalty cards, are becoming more conspicuous in the modern consumer landscape. Drawn from the various markets, commerce economies around the globe exhibit certain synchronized patterns with respect to store card usage. Market maturity in countries like the U.S., U.K., and Japan is...
Discover more insights -
Exploring the Dynamic Landscape: Various Card Types Redefining Financial Transactions
The emergence and integration of various types of card-based transactions, such as credit and debit cards, have triggered a considerable shift in Taiwan's economic landscape. Notably, this transformation has influenced different sectors by presenting innovative ways of conducting business and improving the population's overall access to financial services. The increasing...
Discover more insights