Mobile taking over desktop shopping by 2023

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


David Klein

David Klein


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