The Pitfalls Of Payment Diversification

As the Number of Payment Methods Consumers Use Increases, So Do Two Key Problems The findings in "Digital Economy Payments: The Pitfalls Of Payment Diversification," were derived from a survey of 2,789 U.S. consumers, and showed a direct connection between the number of payment methods they use and problems they encounter when using them.  
Inside the July Report
  • 16%: Share of Gen Zers that used Apple Pay when purchasing travel services
  • 66%: Share of baby boomers that used credit cards when purchasing travel services
  • 12%: Share of U.S. consumers who experienced a declined payment in June, a 2% increase from May

PYMNTS Digital Economy Payments Report Series

The Ascent of Digital Wallets
The Rise Of Mobile eCommerce
Consumers Buy In To Food Bargains
Payment Method Diversification
How Consumers Pay In The Digital World
How Consumers Pay In The Digital World
Going Digital To Pay For Travel And Restaurant Dining
U.S. Consumers And The Post-Holiday Digital Shopping Ramp-Up
How U.S. Shoppers Paid During The Holiday Season
How Mobile Is Changing US Consumers' Shopping And Payment Habits