“The payments market defies all typical negative stereotypes of the financial services sector. It is dynamic, fast paced and innovative with multiple players competing to solve the payments challenges of both today and tomorrow. This is creating an environment that is both exciting and potentially hugely beneficial to both providers and consumers, and challenging as regulation and security measures try to keep up with the rapid pace of change.”
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Overview
Overview
This report provides in-depth analysis and insight supported by a range of data. At the same time, introductory and top-level content is provided to give you an overview of the issues covered. Market
Market
Mintel provides a range of market information across categories including: forecasting and share information; internal and broader market environment information; and the issues that affect the market in question.
The Market – What You Need to Know
Recent Developments in Payments
Regulatory Development in Payments
Consumer
Consumer
Mintel conducts exclusive and original consumer research for reports, bringing up-to-date and unique insight to topical issues. This research examines the impact of social, economic, cultural and psychological influences on consumers.
The Consumer – What You Need to Know
Awareness and Use of Alternative Payment Methods
Use of Payment Methods
Security Concerns
Mobile Payment Apps
Attitudes towards Cash
Barriers to Uptake of Payments Innovation
Factors Influencing Choice of Payment Method
Consumer Interest in Smartphone Payments
Data
Data
Reports provide appendices of data to support the research and insight produced. Our tables of data are easily manipulated and downloadable to support your research needs and covers factors from consumer attitudes to market forecasts.
Appendix
28th June 2017
“Apple users are likely to respond well to the convenience and security offered by touch-enabled iMessage payments. However, only being able to send or receive money to or from Apple users will limit the service’s appeal.” 
30th March 2017
“Wearable and even mobile payments may still be considered to be a bit of a gimmick, with most consumers not seeing any advantages over contactless cards.
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Incumbents and new entrants need to collaborate to innovate 
