Central Banking

UK mobile payments growth continues as Vocalink eyes overseas projects

mobile-payment-phone
More consumers are making mobile payments in the UK

Mobile payments are increasingly being adopted by UK consumers, but several factors are contributing to continued caution, according to a report published today (September 9) by payments provider Vocalink.

The research follows on from a 2013 report and finds mobile payments in the UK have grown in the intervening years. A total of 38% of 5,000 respondents have now downloaded a mobile banking app, up from 27%.

Most users are quite cautious and use apps mainly to check their bank balances or other

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