Chart
| Mar 6, 2024
Source: Kantar
Forecasts
| Aug 16, 2023
Source: Insider Intelligence | eMarketer
Forecasts
| Aug 16, 2023
Source: Insider Intelligence | eMarketer
Chart
| Jan 3, 2024
Source: GMattos
Canada is behind other Western economies in digital payments adoption, but new technologies are finding footing against cards. Diving into usage among different demographic groups foretells how adoption will progress.
Report
| Mar 8, 2023
Digital payment methods continue to displace cash and checks in the US payments ecosystem. But after a pandemic-driven crest, growth is moderating amid economic uncertainty, resetting the stakes for share of wallet.
Report
| Feb 28, 2023
The UK is a digital payments leader, though traditional payments provide a backbone. Payment method preferences among different demographic groups are determining the winners and losers.
Report
| Feb 17, 2023
Methodology: Data is from the March 2024 Kantar report titled "Connecting with the Digital Payments Community." 10,000 adults ages 18+ in 10 countries were surveyed online during December 23, 2023-January 12, 2024. Approximately 1,000 respondents were surveyed in each country: Australia, Brazil, China, France, Germany, Singapore, South Africa, Spain, the UK and the US.
Article
| May 2, 2024
Consumers expect a seamless digital payments experience in their personal transactions. These people want the same when it comes to B2B payments: Businesses will increasingly shift from brand loyalty to experience loyalty, TreviPay CEO Brandon Spear told Insider Intelligence.
Report
| Feb 26, 2024
Providers can help in-store retailers adapt to digital payment preferences. While in-store sales still dwarf those made online, they are now more likely to be digital. Contactless payments are the norm. Mobile wallet use is driving this trend, bringing wallet-based payments options like buy now, pay later (BNPL) and cryptocurrency along with it.
Report
| May 17, 2024
But first, businesses must transition to digital payments.
Article
| Mar 11, 2024
While per-merchant revenues may be low, softPOS converts these businesses from cash-based to digital payments—and customers for payments providers. But growth will also come from larger businesses. In 2023 alone, Block-owned Square, Fiserv-owned Clover, PayPal, Stripe, and JPMorgan all expanded their Tap to Pay acceptance capabilities.
Report
| Mar 27, 2024
How we got here: This digitally native generation is accustomed to managing many aspects of their lives online, but digital payments facilitate this generation’s emotional spending habit—something 59% of them admit to struggling with. As a result, Gen Zers’ use of cash has increased since 2022.
Article
| Mar 1, 2024
Methodology: Data is from the March 2024 Kantar report titled "Connecting with the Digital Payments Community." 10,000 adults ages 18+ in 10 countries were surveyed online during December 23, 2023-January 12, 2024. Approximately 1,000 respondents were surveyed in each country: Australia, Brazil, China, France, Germany, Singapore, South Africa, Spain, the UK, and the US.
Article
| Mar 26, 2024
PayPal positioned its PayPal USD (PYUSD) stablecoin as a tool for digital payments and remittances when it launched in August 2023. While the stablecoin has grown significantly, $34.3 million worth of PYUSD is staked in a decentralized finance liquidity pool—a trading vehicle powered by smart contracts.
Report
| Mar 25, 2024
Younger consumers are adopting digital payments at higher rates than older generations: Among consumers ages 18 to 34, 23% used a nonbank mobile payment app to make a purchase in the past week, versus just 13% of those ages 55 and older, per a 2021 Bank of Canada survey. Sources. Bank of Canada. Interac. Payments Canada. PayPal. The World Bank.
Report
| Oct 3, 2023
Report
| Feb 8, 2022
Unlike Apple Pay, which was designed as a proximity mobile payment method, PayPal was designed for digital payments; its in-store payment experience is not as convenient as its pass-through rivals. In the UK, the only in-store PayPal payment option is via scannable QR codes, which can be generated by the customer or the merchant. How can retailers leverage the growth in digital wallets?
Report
| Apr 30, 2024
Digital payments eliminate the need for cash or credit cards in-store. Consumers are rapidly adopting in-store digital payments. Adoption of retail app payments, Apple Pay, and BNPL for in-store payments has steadily increased over the past three years, according to our Bizrate Insights survey.
Report
| Aug 10, 2023
They’ve set the pace for Western countries in digital payments and open banking. And as of 2024, 25.7% of the UK adult population will use digital-only neobanks, compared with just 8.6% in the US and 20.0% in Canada, per our forecasts. By not making genAI chatbots more accessible to their tech-curious customers, UK banks may have created a self-fulfilling prophecy.
Report
| Jan 16, 2024
And while digital payments continue to gain traction, cash remains necessary—and 93% of consumers have no plans to stop using it, per a 2022 survey from the Federal Reserve Bank of San Francisco. The feature can also incent cardholders to use issuer-branded ATMs. No. 7: Advanced Digital Features. Tepid demand for the exclusively digital features in this category obscures its utility.
Report
| Nov 3, 2023
Consumer adoption of digital technology for in-person shopping accelerated during the pandemic, as use cases expanded for QR codes, digital payment options, and contactless pickup. Still, retail media spend in physical stores won’t increase meaningfully over the next four years. In-store retail media spend will exceed $1 billion by 2028, with its YoY growth outpacing that of online retail media.
Report
| May 16, 2024
In Latin America in 2022, digital payments will make gains, consumer expectations around ecommerce will shift, corporate sustainability and social issues will come to the fore, SMBs will bank on social commerce, and retail media networks will make their presence felt.
Report
| Dec 16, 2021
Article
| May 11, 2022
Article
| Feb 16, 2022