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Consumer Payment Preferences - UK - June 2017

Consumer Payment Preferences - UK - June 2017

“The payments space is constantly changing, but payment preferences are much slower to adjust. Contactless has finally taken off to an extent, with growth now limited primarily by the willingness of retailers to accept it. Preferences for traditional payment methods, as well as concerns about security, are currently holding smartphone payments back.”

-  Patrick Ross, Senior Financial Services Analyst

This report will cover the following areas:

Smartphone payments will struggle to overcome preference for other methods
Request to Pay could find favour as an alternative to Direct Debits


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