• The Drum, Friday, June 5, 2015 12:30 PM

Mobile payments are set to boom in the UK as a new report by Visa suggests that over £1.2bn will be made per week via the method by 2020.  Consumer adoption of mobile payments will grow faster than ever in the next five years, with six in ten Britons (60 per cent) expecting to use their mobile devices for payments at least once a week by 2020. According to the Mobile Money report, which surveyed over 12,000 consumers in the UK, Finland, France, Germany, Poland, and Spain (2000 from each country), one in four Brits expects to use their mobile phone to make payments on a daily basis by 2020, growing from the one in 12 who do so already today.

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