Member Exclusive, Payments
Research: The rise of alternative payment methods around the world
- Alternative payment methods are growing globally, replacing cash and cards.
- Tearsheet looks at the numbers by region.
From 2012 to 2017, traditional cash and cards’ market share in digital commerce dropped from 60 percent to 49 percent globally, according to research from McKinsey. In their stead are alternative payment methods, like digital wallets, that are slowly become the payment method of choice for many consumers.
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