Half of UK adults now regularly use mobile payments

Half of UK adults now favor mobile payments, with a surge in the use of services like Apple Pay and Google Pay, as per new data from UK Finance. Mobile payments are increasingly popular across age groups, with 78% of 16 to 24-year-olds and 59% of 35 to 44-year-olds regularly making payments via mobile last year. This shift in consumer behavior is impacting traditional methods like cash and physical contactless cards, as more people opt for convenient and secure digital payment options.