Remove Alternative Payment Methods Remove Online and Mobile Banking Remove Payments Trends
article thumbnail

One Third of UK Adults Now Use Mobile Contactless Payments

Fintech Finance

UK Finance today releases its latest Payment Markets Report, produced in collaboration with Accenture , which shows payments trends for the UK in 2023 and gives forecast projections for the next decade. Key figures for 2023 The total number of payments made in the UK increased by five per cent to 48.1 billion, up from 45.7

article thumbnail

Digital Payments: 12 Digital Payment Options to Consider Accepting in Your Business

Stax

We can hail a ride from a mobile app, and our transactions for all sorts of goods and services can be easily paid for from our phones. Physical wallets are phasing out, left behind in favor of digital wallets and other digital payment options. In 2019, 77% of US consumers were using at least one type of digital payment system.

article thumbnail

Africa to See Triple-Digits Growth in Consumer Spending Over the Next Decade, EBANX Shows

Fintech Finance

Due to the low penetration of credit cards, barriers related to banking access, and consumer behavior, fintechs and governments began seeking solutions to simplify consumers’ lives and allow them to purchase products and services using local payment methods. billion, or 48% of the market, according to PCMI data.

article thumbnail

Statistics for Cash and Credit Card Use for Payments in 2024

Clearly Payments

Below are some statistics and trends in the demographics of how people pay, including by age, income, and location. Payment Trends by People’s Age: Gen Z & Millennials (born 1981-2012): Gen Z and Millennials (those born between 1981 and 2012) are leading the way in using contactless payments.

article thumbnail

Why Payments Diversity Matters As Firms Go Global

PYMNTS

Ives said, “Economic stratification and emerging payments trends around the globe mean businesses must strive for flexibility rather than totally reinvent their processes. Progress in the payments space isn’t just about what is possible … it’s determined, at least in part, by economic realities.”.

article thumbnail

Em Conversa: Exploring Payment Trends in Brazil and Beyond With emerchantpay

The Fintech Times

André Boesing, vice president of international business development and head of Latin America at emerchantpay In 2002, emerchantpay was founded out of a need to better support merchants who were finding it difficult to navigate the quickly evolving payment landscape. What are some payment trends we’re seeing in Brazil?

article thumbnail

Paytech in 2024: Intix, Brite, PPRO, emerchantpay, Valopa, Bottomline, Primer, Global Payments

The Fintech Times

In 2024, payment experts foresee increased demand for instant payments, greater use of alternative payment methods, simplified mobile-friendly payments, user-focused and secure payment practices, automation of payment processes, and heightened reliance on data analysis and AI.