Understanding the challenges, opportunities and key players in the UK's alternative payments market.
The UK is rapidly transforming into a truly digital economy, with the payments industry leading this evolution at a rapid pace. Yet, consumers are slow to change and more traditional means of payment such as cash and cards continue to dominate the payments landscape. Many of the digital payments players in the market are focused on facilitating card payments through mobile devices or online but upcoming regulatory change coupled with the Faster Payments Service will encourage the creation of alternative rails.
Digital Payments UK — the first report in Lafferty's Digital Payments Research Service series — looks in-depth at the UK digital payments market and outlines:
The report features a detailed explanation of the UK's payments industry players, including:
Digital Payments UK is essential reading for senior decision-makers in retail banks, payments providers and fin-techs seeking to learn from and understand the opportunities in the UK's digital payments industry.
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