Technology

Nearly half of UK consumers now make mobile payments every week • NFCW

More than four in ten UK consumers now make personal and e-commerce purchases weekly from their mobile device (43%), making mobile payments “the main form of payment” in the country whose mobile commerce transaction values ​​are expected to reach £ 100 million (US$112 million) by 2024, according to research published by payment service provider Rapyd.

The survey also shows that 29% of UK consumers now use Apple Pay – “the highest observed” [usage] in Europe” – and 16% say Apple Pay is their preferred method for in-person payments, compared to 16% saying credit card and 12% saying cash.

Nearly half of UK consumers have also used their mobile device to make an e-commerce payment (49%) rather than a laptop (47%), mostly for clothing, restaurant meals, groceries and utility bills in the last 90 days. according to the Research.

“With consumers having to go cashless at the height of the pandemic, many realized how convenient cell phone payments are and have maintained this habit ever since,” said Rapyd’s Sarel Tal.

“Our findings show that mobile payments are not just here to stay, but are now the preferred payment method for a variety of e-commerce purchases, from having takeout meals delivered to paying bills.

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“In addition, we expect this trend to accelerate, with UK mobile commerce projected to grow more than twice as fast as the total e-commerce sector – to £100 million by 2024.”

The data comes from an online survey of 510 UK respondents, conducted in April 2022.

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