United Kingdom E-Commerce Payment Market will be US$ 203.08 Billion by 2026 - Renub Research
According to Renub Research analysis, United Kingdom E-Commerce Payment Market is Forecasted to be more than US$ 203.08 Billion by the end of year 2026.
United Kingdom ecommerce payment market is expected to be US$ 203.08 Billion by 2026, according to R
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The e-commerce market in the United Kingdom continues to witness fast growth, dynamism with innovation. In UK, the most popular option for shoppers is to use a credit card. Cards (both debit and credit) continue to be the most common payment form in the e-commerce world. The growth rate in mobile commerce makes it impossible to neglect this sector. It is expected to outpace total e-commerce growth in the United Kingdom.
Due to advanced technologies and a dynamic payments industry, the UK is, without a doubt, a big e-commerce market that tends to set standards for others to follow. The widespread and increasing customer adoption of technology and smart devices is driving this growth. In the United Kingdom, more than 95% of households today have a cell phone. Companies in the United Kingdom seek to make payment systems more user-friendly so that users do not feel intimidated when shopping on the internet by reducing the number of fraudulent purchases with advanced security features.
COVID-19's Effect on United Kingdom E-Commerce Payment Market
This pandemic had a considerable impact on the UK's ecommerce payment market. In the year 2020, online sales of food and grocery products are projected to rise dramatically. People were hesitant to leave their house due to the coronavirus, so they focused more on home delivery of products through online ordering.
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Market Summary:
By Category: This research report covers the market of Travel and Holiday Accommodation, Tickets for Events, Clothes & Sports Goods, Books/ Magazines/ Newspapers, Computer Software, Household Goods, Food/ Groceries, Films and Music, Electronic Equipments, Computer Hardware, Medicines, Others.
By Payment Method: The market of Digital Wallets, Bank Transfer, Cash, Card, Direct Debit and Others are covered in this research report.
By Digital Wallet: This research report covers the analysis of AmazonPay Paypal, SamsungPay, & GooglePay in this report.
By Bank Analysis: Company Overview, Products/Initiatives and Financial Insight of Barclays, HSBC, Royal Bank of Scotland & Santander, Lioyd Banking Group are given in this research report.
Industry Related Opportunity:
Germany Ecommerce Payment Market: https://www.renub.com/germany-ecommerce-payment-market-p.php
China E-Commerce Payment Market: https://www.renub.com/china-ecommerce-payment-market-p.php
Global eCommerce Market: https://www.renub.com/global-e-commerce-market-p.php
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Renub Research
Rajat Gupta
Tel: Market Research, Bus
Email us
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This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results