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According to UK Finance department, 7 out of every 10 account holders use online banking. Cash payments are continuously decreasing with the evolution of advanced technology in the financial sector. Approximately 62% of the total payments in 2006 were made through cash which has reduced to 40% in the year 2016 and in 2026, the number is estimated to decrease to 21%. With the increasing digital payments, financial institutions are trying to enhance security and handling of payment operations with the support of advanced technology.
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• Market Coverage
• Market number available for – 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
UK Contactless Payment Market by Device
o Smartphones
o Smart Cards
o Point of Sale Terminals
o Other
UK Contactless Payment Market by End-User
o Retail
o BFSI
o Transportation
o Others
Company Profiles
o Gemalto NV
o GIESECKE+DEVRIENT GMBH
o IBM Corp.
o INFINEON TECHNOLOGIES AG
o Ingenico Group SA
o Prepay solutions
o Thales Group
o VERIFONE SYSTEMS, INC
o VISA, INC
o Wirecard AG
The Report Covers
• Comprehensive research methodology of the UK Contactless Payment market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the UK Contactless Payment market.
• Insights about market determinants which are stimulating the UK Contactless Payment market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.
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