According to the findings of a 2019 study, the main reason why UK consumers chose digital wallets as their most preferred payment method was 'convenience', with over half of those surveyed citing this. Saving time and having fewer things to carry thanks to digital wallets were also other two popular reasons with consumers.
Main reasons for preferring digital wallets over other payment methods in the United Kingdom (UK) in 2019
* The source notes that sample size includes over 3,600 customers from the US, UK, Germany, France, Italy and China. Individual share of each country is not provided. Exact date of survey is not given.
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Deutsche Bank Research. (January 1, 2020). Main reasons for preferring digital wallets over other payment methods in the United Kingdom (UK) in 2019 [Graph]. In Statista. Retrieved November 10, 2024, from https://www.statista.com/statistics/1132194/main-reasons-for-choosing-digital-wallets-united-kingdom/
Deutsche Bank Research. "Main reasons for preferring digital wallets over other payment methods in the United Kingdom (UK) in 2019." Chart. January 1, 2020. Statista. Accessed November 10, 2024. https://www.statista.com/statistics/1132194/main-reasons-for-choosing-digital-wallets-united-kingdom/
Deutsche Bank Research. (2020). Main reasons for preferring digital wallets over other payment methods in the United Kingdom (UK) in 2019. Statista. Statista Inc.. Accessed: November 10, 2024. https://www.statista.com/statistics/1132194/main-reasons-for-choosing-digital-wallets-united-kingdom/
Deutsche Bank Research. "Main Reasons for Preferring Digital Wallets over Other Payment Methods in The United Kingdom (Uk) in 2019." Statista, Statista Inc., 1 Jan 2020, https://www.statista.com/statistics/1132194/main-reasons-for-choosing-digital-wallets-united-kingdom/
Deutsche Bank Research, Main reasons for preferring digital wallets over other payment methods in the United Kingdom (UK) in 2019 Statista, https://www.statista.com/statistics/1132194/main-reasons-for-choosing-digital-wallets-united-kingdom/ (last visited November 10, 2024)
Main reasons for preferring digital wallets over other payment methods in the United Kingdom (UK) in 2019 [Graph], Deutsche Bank Research, January 1, 2020. [Online]. Available: https://www.statista.com/statistics/1132194/main-reasons-for-choosing-digital-wallets-united-kingdom/
