UK A2A Payments Market: 2024-2029

Description

'Consumer A2A Payments - $235 Billion in Transaction Value in the UK by 2027'

KEY STATISTICS
Total A2A transaction volume in 2024:	$102bn
Total A2A transaction volume in 2029:	$346bn
2024 to 2029 market growth:	238%
Forecast period:	2024-2029

Overview

Our "UK A2A Payments" research suite provides detailed and perceptive analysis of this evolving market; enabling stakeholders from open banking infrastructure and payment service providers, banks and other financial institutions, and eCommerce platforms to understand future growth, key trends, and the competitive environment.

The suite includes a data deliverable, including market sizing, and providing key forecast data comprising splits by payment types for the UK's A2A payment market. These A2A payments include in-store, online, P2P, cross-border, and the B2B segment.

Also included is a complete assessment of the key trends, challenges, and recommendations for stakeholders. The research suite is a comprehensive tool for understanding this major market; allowing stakeholders to make better-informed decisions on future strategies in the UK A2A payments market.

Key Features

Market Dynamics: Insights into key trends and market expansion challenges within the UK A2A payments market. Specifically, the report addresses challenges posed by ongoing consumer and business concerns regarding security of data, risk of fraud, the benefits of increasing regulatory involvement for open banking and instant payment rails, and how A2A payment solutions compare to traditional card payments. Not only this, but it assesses the current A2A payments market in the UK in terms of segments such as eCommerce, P2P, in-store, cross-border, and B2B payments, and how real-time payments between bank accounts will shape the UK market in the coming years.
Key Takeaways & Strategic Recommendations: In-depth analysis of key development opportunities and findings within the UK's A2A payments market; accompanied by strategic recommendations for stakeholders.
Benchmark Industry Forecasts: The dataset includes forecasts for total volume and value of A2A payments across various segments, with a multitude of additional forecasts included for all these markets.
Juniper Research Competitor Leaderboard: Key player capability and capacity assessment for 16 A2A payment providers via the Juniper Research Competitor Leaderboard, featuring market size for key players in the UK's A2A payments market.
- Banked
- Brite Payments
- Fiserv
- GoCardless
- Mastercard
- Plaid
- TrueLayer
- Trust Payments
- Trustly
- Token.io
- Visa
- Volt
- Vyne
- Wonderful
- Worldline
- Yapily

SAMPLE VIEW

Market Data & Forecasts PDF Report:

A comprehensive analysis of the current market landscape, alongside strategic recommendations and a walk-through of the forecasts.

Market Data & Forecasts

The market-leading research suite for the global A2A payments market includes access to the full set of forecast data of 50 tables and 370 datapoints. Metrics in the research suite include:

Number of Adults Making A2A Payments
Number of A2A Payment Users Making Payments for Different Segment Types
Total Transaction Volume of A2A Payments Across Different Segments
Total Transaction Value of A2A Payments Across Different Segments

The different segments of consumer A2A payments include in-person, online, P2P, and cross-border payments. Business A2A payments also feature in the forecast; split between domestic and cross-border payments.

1. Key Takeaways & Strategic Recommendations

1.1. Key Takeaways
1.2. Strategic Recommendations

2. Market Landscape

2.1. Introduction
- 2.1.1. Types of A2A Payments
- 2.1.2. Surrounding Technologies
  - i. Instant Payment Rails
    - Figure 2.1: Interbank Payment Schemes in the UK
  - ii. Open Banking & A2A Payments
    - Figure 2.2: How Open Banking Works
    - Figure 2.3: Number of Open Banking Payment Users in the UK (m), July 2022-July 2024
    - Figure 2.4: Proportion of Use Cases for APIs Globally (2023)
  - iii. QR Code Payments
  - iv. NFC
- 2.1.3. A2A Payment Ecosystem versus Traditional Card-based Payment Ecosystem
  - Figure 2.5: Card-based Payments vs. A2A Payments Ecosystems
2.2. Current Market
- Figure 2.6: Total Consumer A2A Transaction Value in the UK, 2024
- Figure 2.7: Total Volume of A2A-based B2B Transactions in the UK (m), 2024
2.3. Trends for A2A Payments
- 2.3.1. Key Drivers of A2A Payments
  - i. Technological Developments
  - ii. Government Initiatives & Regulatory Environments
- 2.3.2. Emerging Trends
  - i. VRPs
  - ii. Request to Pay & Pay by Link/ Code
  - iii. QR Codes Become Synonymous with A2A in Many Markets
  - iv. Fraud Detection, AML, and Sanction Compliance
2.4. Benefits & Challenges
- 2.4.1. Benefits
  - i. Instant Payments Made Safer
  - ii. Reduced Transaction Costs
  - iii. Improved Customer Experiences
  - iv. Direct Integration with Other Financial Services
- 2.4.2. Challenges
  - i. Limited Brand Recognition in the UK Market
  - ii. Fraud Risks & Security Concerns
  - iii. Interaction with Existing Payment Infrastructure
  - iv. Lack of Understanding Stunts Growth
  - v. Lack of Bank Remuneration

3. Competitor Leaderboard

3.1. Why Read this Report?
- Figure 3.1: Juniper Research Competitor Leaderboard: UK A2A Payment Vendors
- Figure 3.2: Juniper Research Competitor Leaderboard: UK A2A Payments
- Figure 3.3: Juniper Research Competitor Leaderboard: UK A2A Payments Vendors & Positioning
- Figure 3.4: Juniper Research UK A2A Payments Competitor Leaderboard Heatmap
3.2. UK A2A Payments Vendors
- 3.2.1. Banked
  - i. Corporate Information
  - ii. Geographic Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 3.2.2. Brite Payments
  - i. Corporate Information
  - ii. Geographic Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 3.2.3. Fiserv
  - i. Corporate Information
  - ii. Geographic Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 3.2.4. GoCardless
  - i. Corporate Information
  - ii. Geographic Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 3.2.5. Mastercard
  - i. Corporate Information
    - Figure 3.5: Mastercard's Financial Snapshot ($m), 2021-2023
  - ii. Geographic Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
    - Figure 3.6: Mastercard's Real-time Payments Solution
    - Figure 3.7: Example of Mastercard's Pay by Bank Solution at Checkout
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 3.2.6. Plaid
  - i. Corporate Information
  - ii. Geographic Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 3.2.7. TrueLayer
  - i. Corporate
  - ii. Geographic Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 3.2.8. Trust Payments
  - i. Corporate
  - ii. Geographic Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Development Opportunities
- 3.2.9. Trustly
  - i. Corporate
  - ii. Geographic Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 3.2.10. Token.io
  - i. Corporate
  - ii. Geographic Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 3.2.11. Visa
  - i. Corporate
  - ii. Geographic Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 3.2.12. Volt
  - i. Corporate
  - ii. Geographic Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
    - Figure 3.8: Example of a Volt Transformer Prompt
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 3.2.13. Vyne
  - i. Corporate
  - ii. Geographic Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
    - Figure 3.9: How Vyne's Verified Payments Solution Works
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 3.2.14. Wonderful
  - i. Corporate
  - ii. Geographic Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 3.2.15. Worldline
  - i. Corporate
    - Figure 3.10: Worldline's Financial Snapshot ($m): 2022-2023
  - ii. Geographic Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 3.2.16. Yapily
  - i. Corporate
  - ii. Geographic Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
3.3. Juniper Research Leaderboard Assessment Methodology
- 3.3.1. Limitations & Interpretations
  - Figure 3.11: Juniper Research's Competitor Leaderboard Scoring Criteria - A2A Payments (UK)

4. Forecast Summary

4.1. Introduction & Definitions
4.2. A2A Payments: Forecast Methodology & Assumptions
- Figure 4.1: In-store A2A Payments Forecast Methodology
- Figure 4.2: eCommerce A2A Payments Forecast Methodology
- Figure 4.3: A2A-based P2P Payments Forecast Methodology
- Figure 4.4: Consumer Cross-border A2A Payments Forecast Methodology
- Figure 4.5: B2B Forecasts Methodology for the A2A Market
4.3. Forecast Overview
- 4.3.1. Total Volume of Consumer A2A Transactions
  - Figure & Table 4.6: Total Volume of Consumer A2A Transactions (m) Split by A2A Segment, 2024-2029 (UK)
  - Table 4.7: Proportion of Consumer A2A Payments (%) Split by A2A Segment, 2024-2029 (UK)
- 4.3.2. Total Value of Consumer A2A Transactions
  - Figure & Table 4.8: Total Value of Consumer A2A Transactions ($m) Split by A2A Segment, 2024-2029 (UK)
  - Table 4.9: Proportion of A2A Transaction Value (%) Split by A2A Segment, 2024-2029 (UK)
- 4.3.3. Total Transaction Volume of In-store A2A Payments
  - Figure & Table 4.10: Total Transaction Volume of In-store A2A Payments (m), 2024-2029 (UK)
- 4.3.4. Total Transaction Value of In-store A2A Payments
  - Figure & Table 4.11: Total Transaction Value of In-store A2A Payments ($m), 2024-2029 (UK)
- 4.3.5. Total Transaction Volume of Online A2A Payments
  - Figure & Table 4.12: Total Transaction Volume of Online A2A Payments (m), 2024-2029 (UK)
- 4.3.6. Total Transaction Value of Online A2A Payments
  - Figure & Table 4.13: Total Transaction Value of Online A2A Payments ($m), 2024-2029 (UK)
- 4.3.7. Total Transaction Volume of A2A-based P2P Payments
  - Figure & Table 4.14: Total Transaction Volume of A2A-based P2P Payments (m), 2024-2029 (UK)
- 4.3.8. Total Transaction Value of A2A-based P2P Payments
  - Figure & Table 4.15: Total Transaction Value of A2A-based P2P Payments ($m), 2024-2029 (UK)
- 4.3.9. Total Transaction Volume of Cross-border A2A Payments
  - Figure & Table 4.16: Total Transaction Volume of Cross-border A2A Payments (m), 2024-2029 (UK)
- 4.3.10. Total Transaction Value of Cross-border A2A Payments
  - Figure & Table 4.17: Total Transaction Value of Cross-border A2A Payments ($m), 2024-2029 (UK)
- 4.3.11. Total Transaction Volume of A2A B2B Payments
  - Figure & Table 4.18: Total Transaction Volume of A2A B2B Payments (m) Split by Domestic vs Cross-border, 2024-2029 (UK)
- 4.3.12. Total Transaction Value of A2A B2B Payments
  - Figure & Table 4.19: Total Transaction Value of A2A B2B Payments ($m) Split by Domestic vs Cross-border, 2024-2029 (UK)