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Consumer Payments: Demand, Analysis & Forecast by Radiant Insights, Inc
Consumer Payments: Demand, Analysis & Forecast by Radiant Insights, Inc
Research Report
Summary
The UK payments market is highly mature - arguably even over-served by its financial institutions.
Access to formal financial services in the UK is easy and (though this is now changing in some
cases) free, leading to a population which is highly comfortable with credit and debit cards both in-
store and online.
Synopsis
This report examines the consumer payments market in the UK, considering payment cards, online
payments, P2P payments, and newer payment technologies such as mobile wallets and contactless.
This report also examines the regulations in force in the market which players must comply with,
and how these have changed in recent years.
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Analyzes the consumer attitudes to financial services by life stage.
Analyzes the major payment card types in terms of both card holding and usage
Identifies the major competitors in card issuing and how their position in the market has
changed over the last five years.
Considers consumer attitudes towards prepaid cards, P2P tools, mobile payment tools, and
contactless cards, and how companies in the UK are deploying these tools to meet customer
needs.
Explores the online payment market in the UK by merchant type and payment tool, as well as
providing a five-year forecast for the development of the market.
Considers the regulations affecting the payments market and how they are likely to affect both
incumbents and disruptors.
Key Findings
Bank transfers have now become the preferred P2P method in the UK, likely thanks to the
convenience and speed of Paym transfers.
E-commerce accounts for the majority of online purchases by value in the UK, although m-
commerce is expected to record a compound annual growth rate (CAGR) of 11% between 2015
and 2020 as consumers become increasingly comfortable using mobiles to shop online.
The UK regulatory environment has seen significant change recently, with the dissolution of the
Payments Council, the launch of a new Payment Systems Regulator, and the purchase of the
formerly UK bank-owned infrastructure operator Vocal ink by MasterCard.
Reasons To Buy
Understand the key facts and figures in the consumer payments market in the UK.
Learn what trends drive consumer behavior at the macro level and plan your strategy
accordingly.
Find out what products the major competitors are launching in the market and plan your
strategy accordingly.
Discover consumer sentiments towards various payment tools in the UK market and use this
knowledge to inform product design.
Learn about the key regulatory requirements affecting payments players in the UK and any
recent or upcoming changes to those requirements.
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Table of Contents:
1. Megatrends
2. Proximity Payments
3. Remote Payments
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About Radiant Insights,Inc:
Contact Details:
Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
28 2nd Street, Suite 3036, San Francisco, CA 94105, United States
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
Email: sales@radiantinsights.com
Web: http://www.radiantinsights.com/
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