Payments in the digital economy

Payments in the digital economy: The pitfalls of payment diversification

As the number of payment methods used by consumers increases, so do two main problems

The results in “Digital Economy Payments: The Pitfalls Of Payment Diversification” were derived from a survey of 2,789 US consumers and showed a direct correlation between the number of payment methods they use and the problems they encounter when using them.

In the July report

• 16%: Percentage of Gen Z who have used Apple Pay to purchase travel services
• 66%: Percentage of Baby Boomers who have used credit cards when purchasing travel services
• 12%: Percentage of US consumers who experienced a non-payment in June, up 2% from May