FinTech Magazine March 2025 | Page 35

PAYMENTS

MENTS

Digital wallets will account for

£ 203.5bn

( US $ 249.3bn )

in UK ecommerce transactions alone , by 2027

Source : Worldpay

90 %

Roughly 90 % of consumers in both the US and Europe report having made some form of digital payment in 2023-2024

Source : McKinsey and Co

US $ 15.7tn

US $ 7.4tn

( 113 %)

2029

2024

CONTACTLESS PAYMENT TRANSACTIONS VALUE to grow 113 % in five years , from US $ 7.4tn in 2024 to US $ 15.7tn in 2029

Source : Juniper Research