Annual number of real-time payments in the UK in 2023, with a 2028 forecast
Real-time payments in the United Kingdom were predicted to keep growing up to 2028, as instant payments made up nearly ten percent of overall payments in 2023. Approximately 10.8 percent of the overall payments mix in the country - including both cash and cashless - is anticipated to be an instant payment by 2028. The source adds this equals a CAGR of 6.6 percent between the five years under consideration. The United Kingdom was a relatively early adopter of instant payments, as its Faster Payments scheme went live in 2008.
