The general growth of payment transactions in the UK has been revised down amid the coronavirus outbreak
According to GlobalData, the payment transactions across the UK are expected to rise at a compound annual growth rate (CAGR) of 3.5% by 2023 due to stable card growth.
Besides, the report found that the value of cash withdrawals in the UK is more likely to decline by a CAGR of 4% over three years. Meanwhile, the card transaction value will grow by 3%.
As to the total transaction value, it has been revised down from a CAGR of 3.8% to 2%.