Mobile taking over desktop shopping by 2023
The annual Global Payments Report by Worldpay, found the total e-commerce market in the United Kingdom is set to grow by 40% between now and 2022 to £240 billion (9% CAGR / Compound Annual Growth Rate).
Electronic wallets are favored when purchasing via mobile (~23% of online payments) in the United Kingdom. This rapid growth is driven by increased smartphone ownership, faster mobile networks and consumers continually looking for a more seamless payment experience and their confidence in the security and convenience of digital payment systems.
Read the full story here (gated content): http://www.mobilepaymentjourney.worldpay.com/#/digital