PYMNTS - Digital Economy Payments U.S. Edition: The Pitfalls Of Payment Diversification - July 2022 - Discover how consumers use multiple payment methods and how this affects their chances of being victims of fraud

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

Digital Economy Payments Report

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