UK digital banking market is estimated to grow at a significant growth rate of 8.4% over the forecast period to hit over $2.5 billion in 2025 from nearly $1.5 billion in 2018. UK is one of those countries where transaction methods are rapidly evolving with the digital technology being one of the supporting pillars for this transformation of financial services. Cash payments are continuously decreasing with the evolution of advanced technology in the financial sector. Around 62% of the total payments in 2006 were made through cash which has reduced to 40% in 2016 and it is estimated to reduce to 21% in 2026 in the country, according to the UK Finance Department.