The forecast data indicates a consistent decline in the value per inhabitant of payment transactions in the UK from 2024 to 2028. In 2023, the value stood at approximately 964.5 thousand US dollars, showing a gradual year-on-year decrease of about 9.87% from 2024 onwards. The compound annual growth rate (CAGR) over the forecasted period is expected to be -10% annually. This trend reflects a shift in consumer behavior, possibly driven by increased use of digital wallets and contactless payments, reducing transaction values.
Future trends to watch include the acceleration of digital currency adoption and the potential implementation of Central Bank Digital Currencies (CBDCs), which could further influence payment transaction values.
