Data released by UK Finance’s most recent Payment Markets Report has revealed that a significant number of English adults have incorporated mobile money into their daily lives. According to the report, at least one-third of adults in the United Kingdom used contactless mobile payments in 2023, making mobile money one of the most popular forms of payments in the country.
Produced in partnership with IT firm Accenture, the report found that total payments made through the year went up by 5% to hit 48.1 billion in 2023, up from…
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