{"id":13413,"date":"2025-01-26T07:45:30","date_gmt":"2025-01-26T07:45:30","guid":{"rendered":"https:\/\/comparedbusiness.com\/uk\/?p=13413"},"modified":"2025-01-27T09:00:25","modified_gmt":"2025-01-27T09:00:25","slug":"mobile-payment-trends","status":"publish","type":"post","link":"https:\/\/comparedbusiness.com\/uk\/blog\/card-machines\/mobile-payment-trends\/","title":{"rendered":"Mobile Payment Stats &amp; Trends (2025 Updated)"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"13413\" class=\"elementor elementor-13413\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1030246c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1030246c\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3d730e12\" data-id=\"3d730e12\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5598f2b2 elementor-widget elementor-widget-text-editor\" data-id=\"5598f2b2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 15-07-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>In a world where convenience is king, mobile payments have become essential. With mobile payment stats showing a <a href=\"https:\/\/www.emarketer.com\/chart\/248566\/proximity-mobile-payment-user-share-select-countries-2021-of-smartphone-users\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline\"><strong>24.4% adoption rate<\/strong><\/span><\/a> in the UK, if you ignore this trend, you&#8217;re risking falling behind.<\/p><p>Whether it\u2019s a tap, scan or swipe, embracing mobile payments can transform your customer experience and boost revenue. Let\u2019s look at the top mobile payment trends and stats in this article. <\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-25a38635 elementor-widget elementor-widget-heading\" data-id=\"25a38635\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 15-07-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"what_are_mobile_payments\"><\/span>What are mobile payments?<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3452c859 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3452c859\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-134e7395\" data-id=\"134e7395\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-74f2d5c elementor-widget elementor-widget-text-editor\" data-id=\"74f2d5c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Mobile payments refer to the use of mobile devices to process financial transactions online or at the point of sale. These payments are powered by advanced payment systems where they leverage technologies like NFC (near-field communication), QR codes and apps like Apple Pay and Google Pay.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3ece6ab elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3ece6ab\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-65d1aaf\" data-id=\"65d1aaf\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-45db083 elementor-widget elementor-widget-heading\" data-id=\"45db083\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Types of mobile payment methods\n<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7068212 elementor-widget elementor-widget-text-editor\" data-id=\"7068212\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ol><li><strong>Contactless payments:<\/strong> Using NFC technology, customers can tap their phones at compatible terminals to pay instantly.<br \/><br \/><\/li><li><strong>Mobile wallets:<\/strong> Apple like Apple Pay, Google Pay and Samsung Pay store credit card details securely, enabling quick and secure transitions.<br \/><br \/><\/li><li><strong>QR code payments:<\/strong> Scanning a QR code at the <span style=\"text-decoration: underline\"><strong><a href=\"https:\/\/comparedbusiness.com\/uk\/blog\/epos-system\/types-of-pos-systems\/\">POS system<\/a><\/strong><\/span> to process payments is increasingly popular in cafes, retail stores and charity events in the UK.<br \/><br \/><\/li><li><strong>In-app purchases:<\/strong> Businesses integrate payment systems into their mobile apps for seamless purchases without redirection. <\/li><\/ol>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-910cb96 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"910cb96\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f6d2851\" data-id=\"f6d2851\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3cd838b elementor-widget elementor-widget-heading\" data-id=\"3cd838b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"key_mobile_payment_statistics_for_2025\"><\/span>Key mobile payment statistics for 2025<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4ddcde9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4ddcde9\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7bba25ce\" data-id=\"7bba25ce\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2738850e elementor-widget elementor-widget-text-editor\" data-id=\"2738850e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Understanding the current condition of mobile payment trends is crucial for your business if you aim to stay ahead.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7a047a5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7a047a5\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-184c6d1\" data-id=\"184c6d1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4301f84 elementor-widget elementor-widget-heading\" data-id=\"4301f84\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Global mobile payment statistics:<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ecf9156 elementor-widget elementor-widget-text-editor\" data-id=\"ecf9156\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ol><li>In 2023, global mobile payment transaction volume reached $2.3 trillion\/\u00a31.8 trillion., which was a 16.6% annual increase (<span style=\"text-decoration: underline\"><strong><a href=\"https:\/\/www.businessofapps.com\/data\/mobile-payments-app-market\" target=\"_blank\" rel=\"noopener\">Business of Apps<\/a><\/strong><\/span>).<br \/><br \/><\/li><li>Over 2 billion people used mobile payments in 2023 worldwide (<span style=\"text-decoration: underline\"><strong><a href=\"https:\/\/www.businessofapps.com\/data\/mobile-payments-app-market\" target=\"_blank\" rel=\"noopener\">Business of Apps<\/a><\/strong><\/span>).<br \/><br \/><\/li><li>The global mobile payment market is expected to grow from $3.84 trillion\/\u00a32.99 trillion in 2024 to $27.81 trillion\/\u00a321.7 trillion by 2032, at a CAGR of 28.1%. (<span style=\"text-decoration: underline\"><strong><a href=\"https:\/\/www.fortunebusinessinsights.com\/industry-reports\/mobile-payment-market-100336\" target=\"_blank\" rel=\"noopener\">Fortune Business Insights<\/a><\/strong><\/span>).<\/li><\/ol>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2894492 elementor-widget elementor-widget-image\" data-id=\"2894492\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 15-07-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"768\" height=\"307\" src=\"https:\/\/comparedbusiness.com\/uk\/wp-content\/uploads\/sites\/3\/2025\/01\/napkin-selection-4-1-768x307.png\" class=\"attachment-medium_large size-medium_large wp-image-13427\" alt=\"Global Mobile Payment Stats\" srcset=\"https:\/\/comparedbusiness.com\/uk\/wp-content\/uploads\/sites\/3\/2025\/01\/napkin-selection-4-1-768x307.png 768w, https:\/\/comparedbusiness.com\/uk\/wp-content\/uploads\/sites\/3\/2025\/01\/napkin-selection-4-1-300x120.png 300w, https:\/\/comparedbusiness.com\/uk\/wp-content\/uploads\/sites\/3\/2025\/01\/napkin-selection-4-1-1024x410.png 1024w, https:\/\/comparedbusiness.com\/uk\/wp-content\/uploads\/sites\/3\/2025\/01\/napkin-selection-4-1-1536x614.png 1536w, https:\/\/comparedbusiness.com\/uk\/wp-content\/uploads\/sites\/3\/2025\/01\/napkin-selection-4-1-2048x819.png 2048w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-39beef0 elementor-widget elementor-widget-spacer\" data-id=\"39beef0\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 15-07-2024 *\/\n.elementor-column .elementor-spacer-inner{height:var(--spacer-size)}.e-con{--container-widget-width:100%}.e-con-inner>.elementor-widget-spacer,.e-con>.elementor-widget-spacer{width:var(--container-widget-width,var(--spacer-size));--align-self:var(--container-widget-align-self,initial);--flex-shrink:0}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container,.e-con>.elementor-widget-spacer>.elementor-widget-container{height:100%;width:100%}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer{height:100%}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner{height:var(--container-widget-height,var(--spacer-size))}.e-con-inner>.elementor-widget-spacer.elementor-widget-empty,.e-con>.elementor-widget-spacer.elementor-widget-empty{position:relative;min-height:22px;min-width:22px}.e-con-inner>.elementor-widget-spacer.elementor-widget-empty .elementor-widget-empty-icon,.e-con>.elementor-widget-spacer.elementor-widget-empty .elementor-widget-empty-icon{position:absolute;top:0;bottom:0;left:0;right:0;margin:auto;padding:0;width:22px;height:22px}<\/style>\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4156890 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4156890\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9889a02\" data-id=\"9889a02\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cbcf5e2 elementor-widget elementor-widget-heading\" data-id=\"cbcf5e2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">UK mobile payment statistics:<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bc6573d elementor-widget elementor-widget-text-editor\" data-id=\"bc6573d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ol><li>According to a survey, 26% of UK respondents said they had paid with their smartphone for everyday purchases in the last 12 months (<span style=\"text-decoration: underline\"><strong><a href=\"https:\/\/www.statista.com\/forecasts\/997907\/mobile-payments-by-situation-in-the-uk\" target=\"_blank\" rel=\"noopener\">Statista<\/a><\/strong><\/span>).<br \/><br \/><\/li><li>UK\u2019s digital payment market is expected to reach $11.5 trillion\/\u00a38.9 trillion in 2034 (<a href=\"https:\/\/www.statista.com\/outlook\/dmo\/fintech\/digital-payments\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline\"><strong>Statista<\/strong><\/span><\/a>).<br \/><br \/><\/li><li>UK\u2019s total transaction value in the digital payments market is expected to show an annual growth of 9.52% from 2024 to 2028 (<span style=\"text-decoration: underline\"><strong><a href=\"https:\/\/www.statista.com\/outlook\/dmo\/fintech\/digital-payments\" target=\"_blank\" rel=\"noopener\">Statista<\/a><\/strong><\/span>).<\/li><\/ol>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-797ffb0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"797ffb0\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-af14def\" data-id=\"af14def\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-10ec0d8 elementor-widget elementor-widget-heading\" data-id=\"10ec0d8\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"trends_driving_mobile_payment_adoption\"><\/span>Trends driving mobile payment adoption<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5ab6aad elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5ab6aad\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-321c60c\" data-id=\"321c60c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-647b081 elementor-widget elementor-widget-text-editor\" data-id=\"647b081\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The surge in the<span style=\"text-decoration: underline\"><strong><a href=\"https:\/\/comparedbusiness.com\/uk\/blog\/card-machines\/how-to-take-payments-on-your-phone\/\"> taking of mobile payments<\/a><\/strong><\/span> is propelled by several trends, both globally and within the UK. Let\u2019s look at some of them.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c78e79f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c78e79f\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b991e2f\" data-id=\"b991e2f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-234886b elementor-widget elementor-widget-heading\" data-id=\"234886b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">1. Increasing smartphone penetration<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-969f261 elementor-widget elementor-widget-text-editor\" data-id=\"969f261\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul><li>As of 2024, there are 7.2 billion smartphones, which amount to 90% of the total population in the world (<span style=\"text-decoration: underline\"><strong><a href=\"https:\/\/explodingtopics.com\/blog\/smartphone-stats\" target=\"_blank\" rel=\"noopener\">Exploding Topics<\/a><\/strong><\/span>).<br \/><br \/><\/li><li>The mobile payment market in the UK has reached more than 10 million users since the coronavirus (<span style=\"text-decoration: underline\"><strong><a href=\"https:\/\/www.statista.com\/topics\/6757\/mobile-payments-in-the-uk\" target=\"_blank\" rel=\"noopener\">Statista<\/a><\/strong><\/span>).<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-08623c1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"08623c1\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d8368ed\" data-id=\"d8368ed\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bc2782d elementor-widget elementor-widget-heading\" data-id=\"bc2782d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">2. Expansion of mobile wallets<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4a5c6c5 elementor-widget elementor-widget-text-editor\" data-id=\"4a5c6c5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul><li>Digital wallets accounted for 49% of global e-commerce transactions in 2023 (<span style=\"text-decoration: underline\"><strong><a href=\"https:\/\/www.clearlypayments.com\/blog\/2024-payment-methods-report-overview-insights-and-statistics\" target=\"_blank\" rel=\"noopener\">Clealry Payments<\/a><\/strong><\/span>).<br \/><br \/><\/li><li>In China, over 90% of consumers use digital wallets like AliPay and WeChatPay for daily purchases (<span style=\"text-decoration: underline\"><strong><a href=\"https:\/\/www.clearlypayments.com\/blog\/2024-payment-methods-report-overview-insights-and-statistics\" target=\"_blank\" rel=\"noopener\">Clearly Payments<\/a><\/strong><\/span>).<br \/><br \/><\/li><li>Over half of the UK adults now use digital wallets, with services like Apple Pay and Google Pay (<strong><span style=\"text-decoration: underline\"><a href=\"https:\/\/www.reuters.com\/technology\/british-regulators-examine-big-techs-digital-wallets-2024-07-15\" target=\"_blank\" rel=\"noopener\">Reuters<\/a><\/span><\/strong>).<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-cbcb767 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"cbcb767\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-14d7eac\" data-id=\"14d7eac\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-070dc5b elementor-widget elementor-widget-heading\" data-id=\"070dc5b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">3. Growth of contactless payments <\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e0b891e elementor-widget elementor-widget-text-editor\" data-id=\"e0b891e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul><li>Contactless payments are expected to reach $10 trillion\/\u00a37.8 trillion in transaction value by 2027 (<span style=\"text-decoration: underline\"><strong><a href=\"https:\/\/www.merchantsavvy.co.uk\/mobile-payment-stats-trends\" target=\"_blank\" rel=\"noopener\">Merchant Savvy<\/a><\/strong><\/span>).<br \/><br \/><\/li><li>In 20222, 37% of all payments were made through contactless methods in the UK (<span style=\"text-decoration: underline\"><strong><a href=\"https:\/\/www.comparebanks.co.uk\/resources\/digital-banking-statistics\" target=\"_blank\" rel=\"noopener\">Compare Banks<\/a><\/strong><\/span>).<br \/><br \/><\/li><li>RBR Global forecasted that 81% of all credit cards will feature contactless payment technology by 2026 (<span style=\"text-decoration: underline\"><strong><a href=\"https:\/\/www.nfcw.com\/whats-new-in-payments\/contactless-card-purchases-to-exceed-522bn-globally-by-2026\/\" target=\"_blank\" rel=\"noopener\">NCFW<\/a><\/strong><\/span>).<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a9b67d7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a9b67d7\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1548ef1\" data-id=\"1548ef1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-93451a5 elementor-widget elementor-widget-heading\" data-id=\"93451a5\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">4. Enhanced security measures<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6e2049d elementor-widget elementor-widget-text-editor\" data-id=\"6e2049d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul><li>Biometric technology will secure $2.5 trillion\/\u00a31.95 trillion in mobile payments by the end of 2024 (<span style=\"text-decoration: underline\"><strong><a href=\"https:\/\/www.juniperresearch.com\/press\/biometrics-to-secure-25-trillion-in-mobile-payments-by-2024-with-webauthn-standards-driving-adoption\/\" target=\"_blank\" rel=\"noopener\">Juniper Research<\/a><\/strong><\/span>).<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-cf6d62d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"cf6d62d\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9c8e873\" data-id=\"9c8e873\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6a9ece7 elementor-widget elementor-widget-heading\" data-id=\"6a9ece7\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">5. Adoption by small and medium enterprises (SMEs)<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ef5b1e3 elementor-widget elementor-widget-text-editor\" data-id=\"ef5b1e3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul><li>34% of UK adults used mobile contactless payments at least once a month in 2023 (<span style=\"text-decoration: underline\"><strong><a href=\"https:\/\/www.ukfinance.org.uk\/news-and-insight\/press-release\/one-third-uk-adults-now-use-mobile-contactless-payments\" target=\"_blank\" rel=\"noopener\">UK Finance<\/a><\/strong><\/span>).<br \/><br \/><\/li><li>Mobile wallets contributed 28.6% to the global <span style=\"text-decoration: underline\"><strong><a href=\"https:\/\/comparedbusiness.com\/uk\/blog\/epos-system\/what-is-a-pos-transaction\/\">POS transactions<\/a><\/strong><\/span> in 2021 (<span style=\"text-decoration: underline\"><strong><a href=\"https:\/\/offers.worldpayglobal.com\/rs\/850-JOA-856\/images\/ENGPR2022.pdf\" target=\"_blank\" rel=\"noopener\">World Pay Global<\/a><\/strong><\/span>).<br \/><br \/><\/li><li>24% of UK consumers have a digital-only bank account. This is 50% for the people aged between 18 and 24 (<span style=\"text-decoration: underline\"><strong><a href=\"https:\/\/www.comparebanks.co.uk\/resources\/digital-banking-statistic\" target=\"_blank\" rel=\"noopener\">Compare Banks<\/a><\/strong><\/span>).<br \/><br \/><\/li><li>Mobile wallet transactions were valued at $188 billion\/\u00a3146.6 billion in 2020 and will increase to $708 billion\/\u00a3552.2 billion in 2025, in Europe (<span style=\"text-decoration: underline\"><strong><a href=\"https:\/\/www.merchantsavvy.co.uk\/mobile-payment-stats-trends\/\" target=\"_blank\" rel=\"noopener\">Merchant Savvy<\/a><\/strong><\/span>).<br \/><br \/><\/li><li>E-commerce payments done by mobile wallets were recorded at 51.7% and that of POS payments at 33.4% (<span style=\"text-decoration: underline\"><strong><a href=\"https:\/\/offers.worldpayglobal.com\/rs\/850-JOA-856\/images\/1149143_GPR_DIGITAL_ALL_PAGES_SINGLES_RGB_FNL8B.pdf\" target=\"_blank\" rel=\"noopener\">World Pay Global<\/a><\/strong><\/span>).<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-902324f elementor-widget elementor-widget-image\" data-id=\"902324f\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1024\" height=\"534\" src=\"https:\/\/comparedbusiness.com\/uk\/wp-content\/uploads\/sites\/3\/2025\/01\/napkin-selection-5-1024x534.png\" class=\"attachment-large size-large wp-image-13428\" alt=\"Trends Driving Mobile Payments\" srcset=\"https:\/\/comparedbusiness.com\/uk\/wp-content\/uploads\/sites\/3\/2025\/01\/napkin-selection-5-1024x534.png 1024w, https:\/\/comparedbusiness.com\/uk\/wp-content\/uploads\/sites\/3\/2025\/01\/napkin-selection-5-300x156.png 300w, https:\/\/comparedbusiness.com\/uk\/wp-content\/uploads\/sites\/3\/2025\/01\/napkin-selection-5-768x400.png 768w, https:\/\/comparedbusiness.com\/uk\/wp-content\/uploads\/sites\/3\/2025\/01\/napkin-selection-5-1536x801.png 1536w, https:\/\/comparedbusiness.com\/uk\/wp-content\/uploads\/sites\/3\/2025\/01\/napkin-selection-5-2048x1068.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-56eefcc elementor-widget elementor-widget-spacer\" data-id=\"56eefcc\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ece8268 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ece8268\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-51e9fd2\" data-id=\"51e9fd2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-dc579ba elementor-widget elementor-widget-heading\" data-id=\"dc579ba\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"mobile_payment_stats_proving_the_benefits_for_businesses\"><\/span>Mobile payment stats proving the benefits for businesses<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ebc1546 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ebc1546\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-86a6efe\" data-id=\"86a6efe\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6489841 elementor-widget elementor-widget-text-editor\" data-id=\"6489841\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Mobile payments have revolutionised the way businesses operate. They offer numerous advantages such as increased efficiency, better customer satisfaction and boosted revenue.<\/p><ul><li>70% of millennials are happy about the discounts and rewards mobile payments offer (<a href=\"https:\/\/monei.com\/blog\/benefits-of-mobile-payments\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline\"><strong>Monei<\/strong><\/span><\/a>).<br \/><br \/><\/li><li>78% of Americans want to use their mobile wallets anywhere they wish (<span style=\"text-decoration: underline\"><strong><a href=\"https:\/\/investors.marqeta.com\/news-releases\/news-release-details\/marqeta-study-covid-driven-digital-payment-adoption-likely-here\" target=\"_blank\" rel=\"noopener\">Marqeta<\/a><\/strong><\/span>).<br \/><br \/><\/li><li>41% of consumers shy away from shopping at a store that is devoid of contactless payment support (<span style=\"text-decoration: underline\"><strong><a href=\"https:\/\/usa.visa.com\/dam\/VCOM\/blogs\/visa-back-to-business-study-2022-outlook-jan22.pdf\" target=\"_blank\" rel=\"noopener\">USA Visa<\/a><\/strong><\/span>).<br \/><br \/><\/li><li>55.8 million Americans used Apple Pay in 2023, which is nearly a 10% growth from 2022 (<span style=\"text-decoration: underline\"><strong><a href=\"https:\/\/www.insiderintelligence.com\/content\/paypal-cards-now-used-through-apple-pay\" target=\"_blank\" rel=\"noopener\">Insider Intelligence<\/a><\/strong><\/span>).<br \/><br \/><\/li><li>The adoption of Strong Customer Authentication (SCA) has reduced online payment fraud by 25% in the UK (<span style=\"text-decoration: underline\"><strong><a href=\"https:\/\/home.barclays\/news\/spend-reports\/2022\/Strong-Customer-Authentication-leads-to-drop-in-online-card-fraud\" target=\"_blank\" rel=\"noopener\">Barclays<\/a><\/strong><\/span>).<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-17e0282 elementor-widget elementor-widget-image\" data-id=\"17e0282\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"768\" height=\"318\" src=\"https:\/\/comparedbusiness.com\/uk\/wp-content\/uploads\/sites\/3\/2025\/01\/napkin-selection-6-768x318.png\" class=\"attachment-medium_large size-medium_large wp-image-13429\" alt=\"Benefits of Mobile Payments\" srcset=\"https:\/\/comparedbusiness.com\/uk\/wp-content\/uploads\/sites\/3\/2025\/01\/napkin-selection-6-768x318.png 768w, https:\/\/comparedbusiness.com\/uk\/wp-content\/uploads\/sites\/3\/2025\/01\/napkin-selection-6-300x124.png 300w, https:\/\/comparedbusiness.com\/uk\/wp-content\/uploads\/sites\/3\/2025\/01\/napkin-selection-6-1024x424.png 1024w, https:\/\/comparedbusiness.com\/uk\/wp-content\/uploads\/sites\/3\/2025\/01\/napkin-selection-6-1536x637.png 1536w, https:\/\/comparedbusiness.com\/uk\/wp-content\/uploads\/sites\/3\/2025\/01\/napkin-selection-6.png 1998w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3eb6d0d elementor-widget elementor-widget-spacer\" data-id=\"3eb6d0d\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0ce2892 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0ce2892\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-879eaff\" data-id=\"879eaff\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1c0d032 elementor-widget elementor-widget-heading\" data-id=\"1c0d032\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"challenges_and_barriers_to_mobile_payment_adoption\"><\/span>Challenges and barriers to mobile payment adoption<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-48790a4 elementor-widget elementor-widget-text-editor\" data-id=\"48790a4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>While mobile payments offer numerous advantages, several challenges hinder their widespread adoption. Below are some key obstacles.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6e596ef elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6e596ef\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-24cc8d9\" data-id=\"24cc8d9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7574d07 elementor-widget elementor-widget-heading\" data-id=\"7574d07\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">1. Safety <\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-78baae5 elementor-widget elementor-widget-text-editor\" data-id=\"78baae5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul><li>62% of consumers express worries about the safety of their sensitive information when using mobile payments (<span style=\"text-decoration: underline\"><strong><a href=\"https:\/\/www.go-globe.com\/global-mobile-payment-industry-statistics\/\" target=\"_blank\" rel=\"noopener\">Go-Globe<\/a><\/strong><\/span>).<br \/><br \/><\/li><li>40% of U.S. internet users cite digital security as their main concern for online transactions (<strong><span style=\"text-decoration: underline\"><a href=\"https:\/\/wifitalents.com\/statistic\/payment-processing-industry\/\" target=\"_blank\" rel=\"noopener\">Wifi Talents<\/a><\/span><\/strong>).<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6695f90 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6695f90\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f69813f\" data-id=\"f69813f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-df92e09 elementor-widget elementor-widget-heading\" data-id=\"df92e09\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">2. Lack of consumer awareness <\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-18aef26 elementor-widget elementor-widget-text-editor\" data-id=\"18aef26\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>60% of consumers are still feeling shy about using contactless payments because they lack an understanding of the technology (<span style=\"text-decoration: underline\"><strong><a href=\"https:\/\/www.philadelphiafed.org\/-\/media\/frbp\/assets\/consumer-finance\/discussion-papers\/dp20-03.pdf\" target=\"_blank\" rel=\"noopener\">Philadelphia Fed<\/a><\/strong><\/span>).<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-14e05eb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"14e05eb\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a04f873\" data-id=\"a04f873\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d0889ac elementor-widget elementor-widget-heading\" data-id=\"d0889ac\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"mobile_payment_stats_that_show_its_growing_rate_of_adoption\"><\/span>Mobile payment stats that show its growing rate of adoption<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e367bb2 elementor-widget elementor-widget-text-editor\" data-id=\"e367bb2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul><li>The average transaction value of mobile shopping is expected to be around $120\/\u00a395 in 2024 (<span style=\"text-decoration: underline\"><strong><a href=\"https:\/\/wisernotify.com\/blog\/mobile-commerce-stats\/\" target=\"_blank\" rel=\"noopener\">Wiser Notify<\/a><\/strong><\/span>).<br \/><br \/><\/li><li>Mobile apps recorded a commerce sales conversion rate of 3.5% which is higher than the 2% conversion rate for mobile websites (<span style=\"text-decoration: underline\"><strong><a href=\"https:\/\/wisernotify.com\/blog\/mobile-commerce-stats\/\" target=\"_blank\" rel=\"noopener\">Wiser Notify<\/a><\/strong><\/span>).<br \/><br \/><\/li><li>In 2023, mobile e-commerce sales in the UK were \u00a392 billion, up from \u00a350 billion in 2019 (<span style=\"text-decoration: underline\"><strong><a href=\"https:\/\/www.statista.com\/statistics\/285661\/m-commerce-retail-revenue-in-the-united-kingdom-uk\" target=\"_blank\" rel=\"noopener\">Statista<\/a><\/strong><\/span>).<br \/><br \/><\/li><li>In 2023, about 66% of restaurants in the US and Canada accepted mobile payments (<span style=\"text-decoration: underline\"><strong><a href=\"https:\/\/www.touchbistro.com\/blog\/the-ultimate-guide-to-payment-processing-for-restaurants\" target=\"_blank\" rel=\"noopener\">Touch Bistro<\/a><\/strong><\/span>).<br \/><br \/><\/li><li>30% of hotel bookings were made through mobile wallets in 2019 (<span style=\"text-decoration: underline\"><strong><a href=\"https:\/\/www.phocuswire.com\/mobile-revenue-potential-for-hotels\" target=\"_blank\" rel=\"noopener\">Phocus Wire<\/a><\/strong><\/span>).<br \/><br \/><\/li><li>24% of consumers said they frequently use mobile wallets like Apple and Google Pay in the hospitality business (<strong><a href=\"https:\/\/cgastrategy.com\/go-technology-august-2022\/\" target=\"_blank\" rel=\"noopener\">Zonal CGA<\/a><\/strong>).<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6a5e927 elementor-widget elementor-widget-image\" data-id=\"6a5e927\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"768\" height=\"790\" src=\"https:\/\/comparedbusiness.com\/uk\/wp-content\/uploads\/sites\/3\/2025\/01\/napkin-selection-7-1-768x790.png\" class=\"attachment-medium_large size-medium_large wp-image-13430\" alt=\"Growing Adoption of Mobile Payments\" srcset=\"https:\/\/comparedbusiness.com\/uk\/wp-content\/uploads\/sites\/3\/2025\/01\/napkin-selection-7-1-768x790.png 768w, https:\/\/comparedbusiness.com\/uk\/wp-content\/uploads\/sites\/3\/2025\/01\/napkin-selection-7-1-292x300.png 292w, https:\/\/comparedbusiness.com\/uk\/wp-content\/uploads\/sites\/3\/2025\/01\/napkin-selection-7-1-996x1024.png 996w, https:\/\/comparedbusiness.com\/uk\/wp-content\/uploads\/sites\/3\/2025\/01\/napkin-selection-7-1.png 1260w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ee8b623 elementor-widget elementor-widget-spacer\" data-id=\"ee8b623\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7bdd58f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7bdd58f\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-908f209\" data-id=\"908f209\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6033471 elementor-widget elementor-widget-heading\" data-id=\"6033471\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"card_machines_can_grow_your_revenue_make_that_happen_with_comparedbusiness\"><\/span>Card machines can grow your revenue. Make that happen with ComparedBusiness <span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e047886 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e047886\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-52b28e2\" data-id=\"52b28e2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-26a3bb2 elementor-widget elementor-widget-text-editor\" data-id=\"26a3bb2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Don\u2019t get left behind in this era of mobile payments. Get compact and versatile card machines for your business. We at ComparedBusinessa are experts in linking you with top card machine providers in the UK. Our proprietary system gathers your details, processes them, and matches them with relevant providers.<\/p><p>All you have to do is submit your business details in less than 2 minutes and we will get back to you with quotes from them for free. <\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3cf0e401 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3cf0e401\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3bb9bcf0\" data-id=\"3bb9bcf0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-51f470f7 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"51f470f7\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-size-md elementor-animation-grow\" role=\"button\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Get Card Machine Quotes<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ff99828 elementor-widget elementor-widget-spacer\" data-id=\"ff99828\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0086d10 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0086d10\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-773a3ae\" data-id=\"773a3ae\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5b7d725 elementor-widget elementor-widget-heading\" data-id=\"5b7d725\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"faqs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-370f5d86 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"370f5d86\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5a94611f\" data-id=\"5a94611f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1aeb7cae elementor-widget elementor-widget-accordion\" data-id=\"1aeb7cae\" data-element_type=\"widget\" data-widget_type=\"accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 15-07-2024 *\/\n.elementor-accordion{text-align:start}.elementor-accordion .elementor-accordion-item{border:1px solid #d5d8dc}.elementor-accordion .elementor-accordion-item+.elementor-accordion-item{border-top:none}.elementor-accordion .elementor-tab-title{margin:0;padding:15px 20px;font-weight:700;line-height:1;cursor:pointer;outline:none}.elementor-accordion .elementor-tab-title .elementor-accordion-icon{display:inline-block;width:1.5em}.elementor-accordion .elementor-tab-title .elementor-accordion-icon svg{width:1em;height:1em}.elementor-accordion .elementor-tab-title .elementor-accordion-icon.elementor-accordion-icon-right{float:right;text-align:right}.elementor-accordion .elementor-tab-title .elementor-accordion-icon.elementor-accordion-icon-left{float:left;text-align:left}.elementor-accordion .elementor-tab-title .elementor-accordion-icon .elementor-accordion-icon-closed{display:block}.elementor-accordion .elementor-tab-title .elementor-accordion-icon .elementor-accordion-icon-opened,.elementor-accordion .elementor-tab-title.elementor-active .elementor-accordion-icon-closed{display:none}.elementor-accordion .elementor-tab-title.elementor-active .elementor-accordion-icon-opened{display:block}.elementor-accordion .elementor-tab-content{display:none;padding:15px 20px;border-top:1px solid #d5d8dc}@media (max-width:767px){.elementor-accordion .elementor-tab-title{padding:12px 15px}.elementor-accordion .elementor-tab-title .elementor-accordion-icon{width:1.2em}.elementor-accordion .elementor-tab-content{padding:7px 15px}}.e-con-inner>.elementor-widget-accordion,.e-con>.elementor-widget-accordion{width:var(--container-widget-width);--flex-grow:var(--container-widget-flex-grow)}<\/style>\t\t<div class=\"elementor-accordion\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-4511\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-4511\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-chevron-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Who are the largest adopters of mobile payment methods?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-4511\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-4511\"><p>China is the largest adopter of mobile payments. About 87% of the residents used contactless payment methods. India comes in second with 45.6%, and the United States is 3rd with 43.2%. This is the data recorded in 2021.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-4512\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"button\" aria-controls=\"elementor-tab-content-4512\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-chevron-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">What are the disadvantages of mobile payment methods?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-4512\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"region\" aria-labelledby=\"elementor-tab-title-4512\"><p>Disadvantages include security concerns like data breaches, reliance on mobile devices, limited infrastructure in some areas and potential technical issues. Battery dependency and lack of universal acceptance add to the barriers<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-4513\" class=\"elementor-tab-title\" data-tab=\"3\" role=\"button\" aria-controls=\"elementor-tab-content-4513\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-chevron-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Why do people use mobile payments?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-4513\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"region\" aria-labelledby=\"elementor-tab-title-4513\"><p>People are using mobile payments globally for their speed, convenience and enhanced security features. They simplify transactions, reduce the need for cash or cards and integrate with mobile wallets like Apple Pay and Google Pay easily. Additionally, features like discounts and loyalty programs make them even more appealing to consumers.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Who are the largest adopters of mobile payment methods?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>China is the largest adopter of mobile payments. About 87% of the residents used contactless payment methods. India comes in second with 45.6%, and the United States is 3rd with 43.2%. This is the data recorded in 2021.<\\\/p>\"}},{\"@type\":\"Question\",\"name\":\"What are the disadvantages of mobile payment methods?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>Disadvantages include security concerns like data breaches, reliance on mobile devices, limited infrastructure in some areas and potential technical issues. Battery dependency and lack of universal acceptance add to the barriers<\\\/p>\"}},{\"@type\":\"Question\",\"name\":\"Why do people use mobile payments?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>People are using mobile payments globally for their speed, convenience and enhanced security features. They simplify transactions, reduce the need for cash or cards and integrate with mobile wallets like Apple Pay and Google Pay easily. Additionally, features like discounts and loyalty programs make them even more appealing to consumers.<\\\/p>\"}}]}<\/script>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>In a world where convenience is king, mobile payments have become essential. With mobile payment stats showing a 24.4% adoption rate in the UK, if you ignore this trend, you&#8217;re risking falling behind. Whether it\u2019s a tap, scan or swipe, embracing mobile payments can transform your customer experience and boost revenue. Let\u2019s look at the &#8230; <a title=\"Mobile Payment Stats &amp; Trends (2025 Updated)\" class=\"read-more\" href=\"https:\/\/comparedbusiness.com\/uk\/blog\/card-machines\/mobile-payment-trends\/\">Read more<\/a><\/p>\n","protected":false},"author":9,"featured_media":13431,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[58],"tags":[],"class_list":["post-13413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-card-machines"],"_links":{"self":[{"href":"https:\/\/comparedbusiness.com\/uk\/wp-json\/wp\/v2\/posts\/13413"}],"collection":[{"href":"https:\/\/comparedbusiness.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/comparedbusiness.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/comparedbusiness.com\/uk\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/comparedbusiness.com\/uk\/wp-json\/wp\/v2\/comments?post=13413"}],"version-history":[{"count":17,"href":"https:\/\/comparedbusiness.com\/uk\/wp-json\/wp\/v2\/posts\/13413\/revisions"}],"predecessor-version":[{"id":13435,"href":"https:\/\/comparedbusiness.com\/uk\/wp-json\/wp\/v2\/posts\/13413\/revisions\/13435"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/comparedbusiness.com\/uk\/wp-json\/wp\/v2\/media\/13431"}],"wp:attachment":[{"href":"https:\/\/comparedbusiness.com\/uk\/wp-json\/wp\/v2\/media?parent=13413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/comparedbusiness.com\/uk\/wp-json\/wp\/v2\/categories?post=13413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/comparedbusiness.com\/uk\/wp-json\/wp\/v2\/tags?post=13413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}