PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

74% Of 1,000 Surveyed Prefer Digital Payments vs. Cash & Checks

By Tim Sloane
January 27, 2022
in Analysts Coverage, Digital Payments, Emerging Payments
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
74% Of 1,000 Surveyed Prefer Digital Payments vs. Cash & Checks

74% Of 1,000 Surveyed Prefer Digital Payments vs. Cash & Checks

Obviously not a huge surprise as checks have been declining for a long time. More surprising is that the survey discovered that 46% of respondents either own, or plan to own, cryptocurrencies over the next 12 months and that 45% of 35–44-year-olds currently use cryptocurrencies:

“Key 2022 Future of Payments Survey findings illustrate Americans’ payment habits in the current consumer landscape and how they will continue into the future:

• 74 percent of consumers prefer to make payments using digital methods over traditional forms, including cash or paper check.

• 65 percent of consumers believe digital payments are the most secure as opposed to other forms of payments, including money order, cash or check.

• Nearly one third of respondents say they plan on using cash less frequently or not at all next year, while only 8 percent plan to use cash more.

• 37 percent of respondents in the 18-to-24 age group say they plan to use cash and check payment methods less often or not at all in 2022.

• 46 percent of all respondents own or plan to own cryptocurrencies within the next 12 months.

• 45 percent of 35–44-year-olds use bitcoin/cryptocurrency compared to just 17 percent of 45-64-year-olds.

To view the full Future of Payments Survey report, visit https://www.onbe.com/future-of-payments.”

Overview by Tim Sloane, VP, Payments Innovation at Mercator Advisory Group

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Tags: CashChecksCryptocurrenciesCryptocurrencyDigital Payments

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    Using the Card “Beyond” Payments to find the Holy Grail

    Using the Card “Beyond” Payments to find the Holy Grail

    May 14, 2025
    Payments Modernization

    Playing Offense and Defense: Why Now Is the Time for Payments Modernization

    May 13, 2025
    Authorization Rates

    Boosting Revenue for Merchants by Optimizing Authorization Rates

    May 12, 2025
    Why Payment Orchestration is the key to international merchant growth

    Ensuring Payment Decisions Pay for Themselves

    May 9, 2025
    cross-border

    As Businesses Reevaluate Cross-Border Relationships, Financial Institutions Can Help

    May 8, 2025
    Nacha WEB Debit Account Validation Rule Verification Solution, Quovo ACH Payment

    The Brave New Future of the Disappearing Account

    May 7, 2025
    solana financial

    After an Upgrade, Solana is Primed to Be the Blockchain of Choice for Financial Institutions

    May 6, 2025
    PAR values

    The Connecting Thread: How PAR Values Can Mitigate Fraud and Supercharge Loyalty Programs

    May 5, 2025

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2024 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result