영국의 결제 및 정산 시장 : 시장 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the United Kingdom payments and settlements market size is projected to be USD 98.76 billion in 2025, USD 104.43 billion in 2026, and reach USD 142.01 billion by 2031, growing at a CAGR of 6.34% from 2026 to 2031.

This report is Segmented by Mode of Payment (Card Payments (Debit, Credit, Prepaid), and More), Payment Type (Domestic, Cross-Border), Transaction Type (Business-To-Business Payments, and More), End-User Industry (Retail and E-Commerce, and More), Settlement Rail and Infrastructure (Card-Network Settlement, and More), and Geography (England, Scotland, Wales, Northern Ireland). Value (USD).

United Kingdom Payments and Settlements Market Trends and Insights

Faster Payments and A2A Adoption Displace Batch-Based Business Payment Rails

The United Kingdom payments and settlements market is benefiting as businesses use real-time payments for a larger share of routine transfers. Faster Payments accounted for 50% of the United Kingdom business payments in 2024, surpassing Bacs Direct Credit for the first time . This shift requires settlement banks to manage liquidity throughout the day and night rather than around end-of-day cycles. Account-to-account payments remain underpenetrated in the United Kingdom e-commerce ecosystem compared with broader European markets, highlighting significant growth headroom as consumers and merchants increasingly adopt direct bank payment solutions that offer lower transaction costs, faster settlement, and enhanced payment security. Merchants have a clear reason to test these services because they can reduce reliance on card processing fees while retaining access to immediate confirmation.

United Kingdom Open Banking and VRP Rollout Enter Their Commercial Phase

Open banking payments reached 351 million in 2025, up 57% from the prior year. Sweeping variable recurring payment volumes grew 98%, while user connections reached 16.5 million by December 2025. Payment Initiation Service API calls increased 53%, more than twice the pace reported for Account Information Service calls . The UKPI commercial VRP scheme went live on June 2, 2026, and Wave 2 for general e-commerce is targeted for the end of 2026. VRPs accounted for 16% of open banking transactions, indicating that the use of recurring payments is becoming a meaningful part of the United Kingdom's payments and settlements market. The FCA plans to consult on the longer-term open banking framework before the end of 2026, making regulatory readiness central to scheme participants' operating plans.

APP Fraud Reimbursement Liability Restructures Payment Firm, Cost Models

The mandatory authorized push payment (APP) fraud reimbursement framework has fundamentally reshaped fraud risk management across the United Kingdom payments ecosystem by introducing shared liability between sending and receiving payment service providers for eligible fraud losses. The regulation increases financial accountability for payment providers, requiring stronger fraud prevention strategies, enhanced risk provisioning, and more robust operational controls to protect profitability. As purchase fraud remains the most common form of APP fraud, payment service providers are increasingly investing in real-time fraud detection, merchant verification, and enhanced pre-payment authentication to reduce fraudulent transactions before payment authorization.

Other drivers and restraints analyzed in the detailed report include:

1. Bank of England RT2 and ISO 20022 Adoption Position CHAPS for Cross-Border Interoperability
2. Contactless and Mobile Wallet Expansion Accelerates Across Demographic Groups
3. Legacy Core-Banking Architecture Limits Real-Time Participation at Tier-2 Institutions

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Card payments held 40.78% of the United Kingdom payments and settlements market share in 2025. Debit cards accounted for 26.1 billion of the 48.8 billion payments made in the United Kingdom in 2024, equal to 53% of all payments. The segment remains central to daily spending because it is accepted across retail, travel, and recurring purchases. Digital Wallets were the second-largest mode, with 57% of the United Kingdom adults registered for mobile wallets in 2024, up from 42% in 2023. BNPL and Embedded Credit reached 25% adoption among adults in 2024, up from 14% in 2023. Regulation of deferred payment credit began on July 15, 2026, requiring authorization, affordability assessments, and access to the Financial Ombudsman Service for millions of users. Account-to-account and instant payments continue to scale through open banking, while traditional bank transfers are losing share of volume. These shifts show why payment acceptance providers need to support multiple consumer payment options rather than rely on a single instrument.

Digital assets, Stablecoins, and Tokenized Payments are forecast to grow at a 15.89% CAGR from 2026 to 2031. The FCA published final rules for the United Kingdom-authorized stablecoin issuers in June 2026, which will apply from October 2027. The Bank of England and FCA also set out a joint approach for systemic stablecoin issuers. These frameworks give institutional issuers clearer boundaries for developing sterling stablecoin products. A regulated sterling stablecoin could offer programable high-value settlement and embedded compliance information. The United Kingdom payments and settlements market will still need strong controls because these products must meet both regulatory and operational requirements. The cost of those controls is likely to support investment in issuer, custody, and settlement infrastructure. Card payments will remain important, but their lead is being tested by rails designed for direct account transfer and digital assets.

Domestic payments held 78.34% of payment-type volume in 2025. CHAPS processed GBP 87.5 trillion (USD 111 trillion) in 2024, representing 88% of the United Kingdom's sterling payment value. Bacs Direct Debit continued to support 4.9 billion recurring instructions each year. These domestic flows provide a stable base for the United Kingdom's payments and settlements market, as households and businesses rely on them for regular collections and transfers. Their scale also explains why changes to the United Kingdom clearing systems have broad effects beyond consumer checkout. Domestic providers must balance reliability, immediate confirmation, data requirements, and fraud prevention. Large corporate and financial transactions remain concentrated in high-value systems, while routine payments increasingly move through real-time rails.

Cross-Border payments are forecast to grow at an 8.56% CAGR through 2031. Incumbent banks continue to process most high-value correspondent transactions, while Wise processed more than USD 240 billion in cross-border transactions during the financial year 2026. The pound became the third-most-active currency in non-eurozone SWIFT cross-border flows in January 2026. SWIFT's retail payments framework has commitments from more than 70 global financial institutions for live implementation in 2026. Online spending accounted for 50.5% of total United Kingdom card spending in September 2025, increasing the relevant volume of card-not-present cross-border payments. The United Kingdom payments and settlements market benefits from this activity, but providers need transparent pricing and traceable payment status to compete for consumer and small-business flows. Cross-border services will also face rising expectations for speed, confirmation, and compliance data.

Complete Report Scope:

• By Mode of Payment
  • Card Payments (Debit, Credit, Prepaid)
  • Digital Wallets & Mobile Money
  • Account-to-Account & Instant Payments
  • Traditional Bank Transfers
  • Buy Now, Pay Later & Embedded Credit
  • Digital Assets, Stablecoins & Tokenised Payments
  • Other Payments
• By Payment Type
  • Domestic
  • Cross-Border
• By Transaction Type
  • Business-to-Business Payments
  • Consumer-to-Business Payments
  • Business-to-Consumer Payments
  • Consumer-to-Consumer Payments
• By End-User Industry
  • Retail and E-Commerce
  • Banking and Financial Services
  • Healthcare
  • Hospitality, Travel, and Tourism
  • Government and Public Sector
  • Education
  • Transportation and Mobility
  • Manufacturing and Industrial Services
  • Professional Services and Business Services
  • Other Industries
• By Settlement Rail and Infrastructure
  • Card-Network Settlement
  • Automated Clearing House Settlement
  • Real-Time Gross Settlement
  • Fast / Instant Payment Systems
  • Correspondent Banking and SWIFT-Based Settlement
  • Payment-System Interlinking
  • Tokenized and Distributed-Ledger Settlement
• By Geography
  • England
  • Scotland
  • Wales
  • Northern Ireland

List of Companies Covered in this Report:

1. Visa Inc.
2. Mastercard Incorporated
3. Worldpay Group Limited
4. PayPal Holdings, Inc.
5. Barclays PLC
6. Adyen N.V.
7. Stripe, Inc.
8. Juspay Technologies
9. Checkout.com Group Ltd.
10. HSBC Holdings plc
11. Lloyds Banking Group plc
12. NatWest Group plc
13. Wise plc
14. Revolut Ltd.
15. GoCardless Ltd.
16. SumUp Limited
17. Block, Inc. (Square)
18. Fiserv, Inc.
19. ACI Worldwide, Inc.
20. Trustly Group AB
21. Klarna Bank AB

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET LANDSCAPE

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Migration From Cash and Cheques to Electronic Payments
  • 4.2.2 Faster Payments and Account-to-Account Adoption
  • 4.2.3 United Kingdom Open Banking and Variable Recurring Payments Rollout
  • 4.2.4 Contactless, Mobile Wallet, and Embedded Checkout Expansion
  • 4.2.5 United Kingdom Settlement Infrastructure Modernization and ISO 20022 Adoption
  • 4.2.6 Merchant Demand for Lower-Cost Direct Bank Payments
• 4.3 Market Restraints
  • 4.3.1 Authorized Push Payment Fraud and Reimbursement Exposure
  • 4.3.2 Legacy Core-Banking Constraints at United Kingdom Tier-2 Institutions
  • 4.3.3 United Kingdom Card Scheme Fee Inflation and Merchant Switching Friction
  • 4.3.4 Fragmented United Kingdom Regulatory Transition for Open Banking and New Payment Technologies
• 4.4 Value and Supply-Chain Analysis
• 4.5 Regulatory Landscape
• 4.6 Technological Outlook
• 4.7 Porter's Five Forces Analysis
  • 4.7.1 Competitive Rivalry Analysis
  • 4.7.2 Threat of New Entrants Analysis
  • 4.7.3 Bargaining Power of Suppliers Analysis
  • 4.7.4 Bargaining Power of Merchants and Buyers Analysis
  • 4.7.5 Threat of Substitutes Analysis

5 MARKET SIZE AND GROWTH FORECASTS

• 5.1 By Mode of Payment
  • 5.1.1 Card Payments (Debit, Credit, Prepaid)
  • 5.1.2 Digital Wallets & Mobile Money
  • 5.1.3 Account-to-Account & Instant Payments
  • 5.1.4 Traditional Bank Transfers
  • 5.1.5 Buy Now, Pay Later & Embedded Credit
  • 5.1.6 Digital Assets, Stablecoins & Tokenised Payments
  • 5.1.7 Other Payments
• 5.2 By Payment Type
  • 5.2.1 Domestic
  • 5.2.2 Cross-Border
• 5.3 By Transaction Type
  • 5.3.1 Business-to-Business Payments
  • 5.3.2 Consumer-to-Business Payments
  • 5.3.3 Business-to-Consumer Payments
  • 5.3.4 Consumer-to-Consumer Payments
• 5.4 By End-User Industry
  • 5.4.1 Retail and E-Commerce
  • 5.4.2 Banking and Financial Services
  • 5.4.3 Healthcare
  • 5.4.4 Hospitality, Travel, and Tourism
  • 5.4.5 Government and Public Sector
  • 5.4.6 Education
  • 5.4.7 Transportation and Mobility
  • 5.4.8 Manufacturing and Industrial Services
  • 5.4.9 Professional Services and Business Services
  • 5.4.10 Other Industries
• 5.5 By Settlement Rail and Infrastructure
  • 5.5.1 Card-Network Settlement
  • 5.5.2 Automated Clearing House Settlement
  • 5.5.3 Real-Time Gross Settlement
  • 5.5.4 Fast / Instant Payment Systems
  • 5.5.5 Correspondent Banking and SWIFT-Based Settlement
  • 5.5.6 Payment-System Interlinking
  • 5.5.7 Tokenized and Distributed-Ledger Settlement
• 5.6 By Geography
  • 5.6.1 England
  • 5.6.2 Scotland
  • 5.6.3 Wales
  • 5.6.4 Northern Ireland

6 COMPETITIVE LANDSCAPE

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share Analysis
• 6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share, Products and Services, Recent Developments)
  • 6.4.1 Visa Inc.
  • 6.4.2 Mastercard Incorporated
  • 6.4.3 Worldpay Group Limited
  • 6.4.4 PayPal Holdings, Inc.
  • 6.4.5 Barclays PLC
  • 6.4.6 Adyen N.V.
  • 6.4.7 Stripe, Inc.
  • 6.4.8 Juspay Technologies
  • 6.4.9 Checkout.com Group Ltd.
  • 6.4.10 HSBC Holdings plc
  • 6.4.11 Lloyds Banking Group plc
  • 6.4.12 NatWest Group plc
  • 6.4.13 Wise plc
  • 6.4.14 Revolut Ltd.
  • 6.4.15 GoCardless Ltd.
  • 6.4.16 SumUp Limited
  • 6.4.17 Block, Inc. (Square)
  • 6.4.18 Fiserv, Inc.
  • 6.4.19 ACI Worldwide, Inc.
  • 6.4.20 Trustly Group AB
  • 6.4.21 Klarna Bank AB

7 MARKET OPPORTUNITIES AND FUTURE OUTLOOK

• 7.1 White-Space and Unmet-Need Assessment