Remove Contactless Payments Remove Debit Card 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

A Study on Contactless Payments by Country

Clearly Payments

Contactless payments market has been growing quickly. As digital infrastructure continues to advance, the ease and speed of contactless transactions are becoming increasingly attractive to consumers and businesses. What are Contactless Payments? Here’s a breakdown of each type and its growing significance: 1.

article thumbnail

Payment Trends In The United States For 2024

Clearly Payments

These key trends are set to redefine how consumers and businesses engage with payments, introducing innovation and unparalleled convenience. The Continued Surge of Contactless Payments Contactless payments , facilitated by tap-to-pay cards, mobile wallets , and wearable devices, are set to maintain their upward trajectory.

article thumbnail

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

Stax

The adoption of digital payment systems in the US has grown, with 78% of consumers using at least one type by the end of 2020. There are a wide variety of digital payment types, such as mobile POS systems, contactless payments, and digital wallets. What makes contactless payments unique?

article thumbnail

How do Payment Trends Differ in Emerging Markets Compared to Established Ones?

The Fintech Times

Having already explored the biggest upcoming trends in the world of paytech, it is clear that progress in payments becomes drastically different depending on which region of the world you look at. “Local payment methods like M-Pesa in Kenya or AliPay in China are crucial for success, and mobile-first optimisation is essential.

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

What is an EFT Payment? Everything to Know About This Method of Payment

Stax

An EFT payment includes many more than debit or credit card transactions, and with seemingly constant technological advancements, new ways to pay are always emerging. In fact, last year, we discussed the top seven payment trends to keep an eye on, all of which are examples of EFT payments and remain trending now.