Tag: COVID-19 mobile payments

Mobile wallet payments more common than in-store cash transactions in 2020

Sam Lambert
mobile wallet payments - person using google pay

Last year, for the first time, people used digital payment methods more often than cash. Mobile wallet payments became more popular than cash transactions worldwide at in-store points of sale (POS) in 2020, said the Global Payments Report 2021 published by FIS’ Worldpay. That trend represents the first time smartphone-based transactions were more common than cash. The data presented in the Global Payments Report 2021 showed that there was a considerable 10 percent drop in the use of cash to pay for purchases in-store. This took into account the fact…

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Pecunpay research shows mobile payments adoption taking off in Spain

L. Green
Mobile payments adoption - person paying with mobile phone

The Spanish fintech has released the results of its study of smartphone transaction trends. Spanish fintech Pecunpay has released a report on its recent mobile payments adoption research, which revealed that Spain is seeing a solid growth rate of acceptance and use. While more people steadily use their smartphones to complete transactions, fewer use cash. The company issued a report titled “Study of mobile payment trends in Spain,” to describe the results of its research. The mobile payments adoption study was conducted as a part of a partnership with visa.…

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