The State of Payment Methods: More Choice and Economic Changes
Although debit still reigns supreme, with consumer preferences moving toward digital, cash and checks will continue to be displaced in the US.
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Although debit still reigns supreme, with consumer preferences moving toward digital, cash and checks will continue to be displaced in the US.
Amid economic uncertainty, payments providers are making meaningful shifts to digitize and innovate.
We forecast that the US point-of-sale (POS) terminal installed base will grow from 17.3 million this year to 20.2 million in 2026.
Ongoing ecommerce growth is pushing payment providers to make efficient and inexpensive digital payment solutions their top priority.
Although debit still reigns supreme, with consumer preferences moving toward digital, cash and checks will continue to be displaced in the US.