UK Consumers Lag as Small Businesses Embrace Digital Wallets for Cross-Border Payments

Global Money Movement: U.K. Edition

Digital wallets are transforming cross-border payments, making transactions faster and more seamless — but U.K. consumers are lagging behind businesses in adoption. The latest “Global Money Movement” data brief, a collaboration with TerraPay, explores the gap between consumer and merchant adoption, the role of generational trends, and what it will take to accelerate digital wallet usage across the U.K.

Inside the March Data Brief
  • 85%: Share of U.K. merchants that are very or extremely familiar with digital wallets for cross-border payments
  • 58%: Share of Gen Z cross-border payers in the U.K. who use digital wallets for these transactions
  • 39%: Share of U.K. consumers who have not yet adopted digital wallets for cross-border payments citing faster transactions as a compelling reason to start using them going forward

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