United Kingdom Digital Wallet Market - Forecasts from 2025 to 2030
Description
The United Kingdom Digital Wallet Market is estimated to attain a market size of US$381.114 billion by 2030, growing at a 16.51% CAGR from a valuation of US$177.517 billion in 2025, during the forecast period of 2025 to 2030.
The United Kingdom’s digital wallet market is witnessing an increased demand due to the payment systems' adaptation of consumers to pay for products and services after the COVID-19 outbreak. There was a dramatic change in how purchases were made physically, online, and through other means.
Moreover, the UK e-commerce industry is still expanding at an exponential rate. Consequently, customers are increasingly demanding the best of both worlds, and internet shopping is merging into a conventional store-based business. Owing to rising internet penetration and expanding smartphone usage, more individuals are embracing digital wallets to complete purchases.
Market Trends:
E-commerce Boom Driving Demand: The digital wallet market is experiencing significant growth due to the surge in e-commerce across various sectors. The International Trade Administration projects that UK e-commerce revenues will grow at an average annual rate of 12.6% by 2025, making the UK the third-largest e-commerce market globally, behind China and the U.S.
UK Digital Wallet Market Expansion: The digital wallet market in the United Kingdom is expected to see consistent growth throughout the forecast period. This rise is fueled by increasing demand for online shopping, advancements in payment platforms, and a growing shift toward digital lifestyles.
Some of the major players covered in this report include Samsung, Apple Inc., PayPal, Google LLC, HSBC, ALTPAY LTD, Netcetera, Remitly, Inc., Wise Payments Limited, Mastercard, Velmie, Atomic Wallet, ALTPAY LTD, HSBC, FreedomPay, Amazon Pay, Curve, HyperJar, and Skrill among others.
Key Benefits of this Report:
Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, and other sub-segments.
Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape future market developments.
Actionable Recommendations: Utilize the insights to exercise strategic decisions to uncover new business streams and revenues in a dynamic environment.
Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.
What do businesses use our reports for?
Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence
Report Coverage:
Historical data from 2022 to 2024 & forecast data from 2025 to 2030
Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, and Trend Analysis
Competitive Positioning, Strategies, and Market Share Analysis
Revenue Growth and Forecast Assessment of segments and regions including countries
Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)
United Kingdom Digital Wallet Market Segmentation:
By Device
PC/Laptops
Mobile
By Technology
NFC
QR-Code based
By Application
Money Transfer
Recharge
Movie Booking
Food Ordering
Others
By End-User
Personal
Commerical
By Region
England
Wales
Scotland
Northern Ireland
The United Kingdom’s digital wallet market is witnessing an increased demand due to the payment systems' adaptation of consumers to pay for products and services after the COVID-19 outbreak. There was a dramatic change in how purchases were made physically, online, and through other means.
Moreover, the UK e-commerce industry is still expanding at an exponential rate. Consequently, customers are increasingly demanding the best of both worlds, and internet shopping is merging into a conventional store-based business. Owing to rising internet penetration and expanding smartphone usage, more individuals are embracing digital wallets to complete purchases.
Market Trends:
E-commerce Boom Driving Demand: The digital wallet market is experiencing significant growth due to the surge in e-commerce across various sectors. The International Trade Administration projects that UK e-commerce revenues will grow at an average annual rate of 12.6% by 2025, making the UK the third-largest e-commerce market globally, behind China and the U.S.
UK Digital Wallet Market Expansion: The digital wallet market in the United Kingdom is expected to see consistent growth throughout the forecast period. This rise is fueled by increasing demand for online shopping, advancements in payment platforms, and a growing shift toward digital lifestyles.
Some of the major players covered in this report include Samsung, Apple Inc., PayPal, Google LLC, HSBC, ALTPAY LTD, Netcetera, Remitly, Inc., Wise Payments Limited, Mastercard, Velmie, Atomic Wallet, ALTPAY LTD, HSBC, FreedomPay, Amazon Pay, Curve, HyperJar, and Skrill among others.
Key Benefits of this Report:
Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, and other sub-segments.
Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape future market developments.
Actionable Recommendations: Utilize the insights to exercise strategic decisions to uncover new business streams and revenues in a dynamic environment.
Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.
What do businesses use our reports for?
Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence
Report Coverage:
Historical data from 2022 to 2024 & forecast data from 2025 to 2030
Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, and Trend Analysis
Competitive Positioning, Strategies, and Market Share Analysis
Revenue Growth and Forecast Assessment of segments and regions including countries
Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)
United Kingdom Digital Wallet Market Segmentation:
By Device
PC/Laptops
Mobile
By Technology
NFC
QR-Code based
By Application
Money Transfer
Recharge
Movie Booking
Food Ordering
Others
By End-User
Personal
Commerical
By Region
England
Wales
Scotland
Northern Ireland
Table of Contents
80 Pages
- 1. EXECUTIVE SUMMARY
- 2. MARKET SNAPSHOT
- 2.1. Market Overview
- 2.2. Market Definition
- 2.3. Scope of the Study
- 2.4. Market Segmentation
- 3. BUSINESS LANDSCAPE
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Porter’s Five Forces Analysis
- 3.5. Industry Value Chain Analysis
- 3.6. Policies and Regulations
- 3.7. Strategic Recommendations
- 4. TECHNOLOGICAL OUTLOOK
- 5. UNITED KINGDOM DIGITAL WALLET MARKET BY DEVICE
- 5.1. Introduction
- 5.2. PC/Laptops
- 5.3. Mobile
- 6. UNITED KINGDOM DIGITAL WALLET MARKET BY TECHNOLOGY
- 6.1. Introduction
- 6.2. NFC
- 6.3. QR-Code based
- 7. UNITED KINGDOM DIGITAL WALLET MARKET BY APPLICATION
- 7.1. Introduction
- 7.2. Money Transfer
- 7.3. Recharge
- 7.4. Movie Booking
- 7.5. Food Ordering
- 7.6. Others
- 8. UNITED KINGDOM DIGITAL WALLET MARKET BY END-USER
- 8.1. Introduction
- 8.2. Personal
- 8.3. Commercial
- 9. UNITED KINGDOM DIGITAL WALLET MARKET BY REGION
- 9.1. Introduction
- 9.2. England
- 9.3. Wales
- 9.4. Scotland
- 9.5. Northern Ireland
- 10. COMPETITIVE ENVIRONMENT AND ANALYSIS
- 10.1. Major Players and Strategy Analysis
- 10.2. Market Share Analysis
- 10.3. Mergers, Acquisitions, Agreements, and Collaborations
- 10.4. Competitive Dashboard
- 11. COMPANY PROFILES
- 11.1. Samsung
- 11.2. Apple Inc.
- 11.3. PayPalPaypal
- 11.4. Google LLC
- 11.5. ALTPAY LTD
- 11.6. Netcetera
- 11.7. Remitly, Inc.
- 11.8. Wise Payments Limited
- 11.9. Mastercard
- 11.10. Velmie
- 11.11. Atomic Wallet
- 11.12. HSBC
- 11.13. FreedomPay
- 11.14. Amazon Pay
- 11.15. Curve
- 11.16. HyperJar
- 11.17. Skrill
- 12. APPENDIX
- 12.1. Currency
- 12.2. Assumptions
- 12.3. Base and Forecast Years Timeline
- 12.4. Key Benefits for the Stakeholders
- 12.5. Research Methodology
- 12.6. Abbreviations
Pricing
Currency Rates
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