The UK has paid for about $2 billion in mobile payment transactions so far this year.
According to the latest data from the Office for National Statistics, mobile payments totalled $1.8 billion.
That’s up slightly on the $1 billion that the UK government paid for payments via SMS in the year to March 2018.
The rise is due to the launch of the UK’s first mobile payment platform, Bittrex, in July.
It allows consumers to pay for goods and services using their mobile phones, which have been designed to work with Apple Pay.
The launch has led to an increase in purchases by mobile users, as well as the number of merchants accepting mobile payments.
It’s also been a boon for businesses in the country.
The Office for Budget Responsibility has estimated that payments made via SMS has reduced VAT and imposed a 2% tax on most purchases.
While the data is based on the UK, Bittering Spring, a company that provides mobile payment solutions, says the figures are valid in other countries as well.
It’s worth noting that the government has yet to release its official figures for mobile payments in other European countries, as some countries have not released the data.
The UK’s Mobile Payments Tracker website also states that the total amount of payments made in the UK in the last year was $1,543 billion.
The average cost of each transaction was $9.42.