👀 2024 Worldpay Report: Mass Migration to Digital Wallets

👀 2024 Worldpay Report: Mass Migration to Digital Wallets

The study, which analyzes payment systems in 40 countries, highlights the UK as Europe's leader in payment card-linked digital wallets🇬🇧.

➡️ By 2027, the total value of transactions via digital wallets in the UK is expected to reach £493 billion ($620 billion USD).

➡️ The active use of digital wallets will generate an annual growth rate of 7% in UK e-commerce (CAGR).

➡️ Regulatory framework: A new bill on data usage and access will enable the UK government to expand open data initiatives across various sectors of the economy. Currently, tools like the digital wallet and the Gov.uk app could play a key role in open data exchange.

#content #Europe

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