This statistic illustrates the estimated number of E-Money alternative accounts in the United Kingdom (UK) as of October 2017, by age group. In a survey conducted by the Financial Conduct Authority (FCA) in October 2017 it was calculated that approximately 700 thousand adults within the UK held an E-Money alternative account.
E-Money accounts are an alternative to a traditional bank account. The main benefits usually associated to E-Money accounts are the speed and security of money transfers globally as well as ease of use through online or mobile applications.
Of the 700 thousand UK adults with an E-Money alternative account, the most likely age group to own such a product were those aged between 25 and 34, amounting to approximately 161 thousand individuals. By contrast, approximately 14 thousand E-Money accounts were registered to adults aged over 75 as of October 2017.
Number of E-Money alternative account holders in the United Kingdom (UK) as of October 2017, by age group
(in 1,000s)
Characteristic
Number of E-Money alternative accounts in thousands
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Exclusive Premium Statistic
To access all Premium Statistics, you need a paid Statista Account
Total number of UK adults with a current account equals 700 thousand. Figures have been rounded. Figures have been calculated from the FCAs findings from their financial lives survey
The European Central Bank (ECB) defines E-Money as "Electronic money (e-money) is broadly defined as an electronic store of monetary value on a technical device that may be widely used for making payments to entities other than the e-money issuer. The device acts as a prepaid bearer instrument which does not necessarily involve bank accounts in transactions."
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Statista estimates. (June 20, 2018). Number of E-Money alternative account holders in the United Kingdom (UK) as of October 2017, by age group (in 1,000s) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/936168/number-of-e-money-accounts-in-the-united-kingdom-by-age/
Statista estimates. "Number of E-Money alternative account holders in the United Kingdom (UK) as of October 2017, by age group (in 1,000s)." Chart. June 20, 2018. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/936168/number-of-e-money-accounts-in-the-united-kingdom-by-age/
Statista estimates. (2018). Number of E-Money alternative account holders in the United Kingdom (UK) as of October 2017, by age group (in 1,000s). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/936168/number-of-e-money-accounts-in-the-united-kingdom-by-age/
Statista estimates. "Number of E-money Alternative Account Holders in The United Kingdom (Uk) as of October 2017, by Age Group (in 1,000s)." Statista, Statista Inc., 20 Jun 2018, https://www.statista.com/statistics/936168/number-of-e-money-accounts-in-the-united-kingdom-by-age/
Statista estimates, Number of E-Money alternative account holders in the United Kingdom (UK) as of October 2017, by age group (in 1,000s) Statista, https://www.statista.com/statistics/936168/number-of-e-money-accounts-in-the-united-kingdom-by-age/ (last visited August 25, 2024)
Number of E-Money alternative account holders in the United Kingdom (UK) as of October 2017, by age group (in 1,000s) [Graph], Statista estimates, June 20, 2018. [Online]. Available: https://www.statista.com/statistics/936168/number-of-e-money-accounts-in-the-united-kingdom-by-age/