PoS and e-commerce spending growth in the UK 2019 and 2023

In 2019, spend made though mobile devices was estimated to reach 72 billion US dollars in the United Kingdom (UK). According to a study published by WorldPay, this value is further forecast to go up to 116 US billion dollars in 2023. E-commerce turnover including via mobile and desktop, on the other hand, is forecast to grow to a total of 320 billion US dollars by 2023.

Projected spend/ turnover through PoS and e-commerce in the United Kingdom (UK) in 2019 and 2023

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Source

Release date

February 2020

Region

United Kingdom

Survey time period

2019

Supplementary notes

* Total of turnover through desktop and mobile devices. ** Estimated. *** Forecasted.

The source adds the following note regarding methodology: "Payment methods breakdown and forecast by country and region is calculated using a data model developed by Worldpay. Worldpay’s model includes eCommerce and point of sale data from GlobalData’s 2018 Consumer Payments Insights survey of 45,000 consumers in 31 countries, as well as data from McKinsey, historical trends of individual payments methods, and macroeconomic variables including GDP and nominal household consumption."

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Statistics on "Mobile commerce in the United Kingdom (UK)"

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