Tag: Digital Payment Methods

Finnish consumers still prefer to pay by online banking when they shop online. Nevertheless, other payment methods are also popular among consumers. First, online banking is convenient. It allows you to perform transactions, pay bills and check balances day. The bank virtually never closes because it is as accessible as your PC or laptop computer. …

Payments continues to be one of the brightest spots in the financial services universe, with a robust growth makes payments a dynamic sector for incumbents—and a draw for new competitors. Global expansion is a major driver for many online businesses, but that objective can often seem steep or even unattainable without the right tools and …

Payments continues to be one of the brightest spots in the financial services universe, propelled by continuing technological advances, and expanding digital and noncash mechanisms. Alternative payment methods are expanding to meet the needs of consumers online, led by eWallets and bank transfers. But cash remains the leading payment method at the point of sale. …

The advances in technology and business models based on electronic platforms have enabled many governments to improve the efficiency and scope of their e-payment infrastructure. Submitting a tax return online, swiping an electronic card to pay for a journey or even, perhaps, receiving government health and/or social benefits directly in a bank account are now …

Year over year, payment methods are evolving and changing according to the rapidly evolving technology.  For the first time credit took over the top spot as the overall preferred way to pay, replacing Debit as the number-one choice in years past. 71% of the consumers surveyed have a single debit card, with the majority of …

There are multiple devices used today for accessing digital payment channels. 48% of digital payment users in India depend mainly on mobile phones in order to make their digital payment transactions. Only 14% of respondents said they use laptops/desktops for the same purpose.

The digital payment usage remains more preferred than any other ways. In India and among all digital payment users surveyed, 88% of them indicated that they prefer cashless payment over cash payment. Almost half of them (48%) use digital payment for more than 75% of their transactions. Another rate estimated with 34% cited that they …

The overall engagement of European consumers online is strong and they are willing and able to shop online both domestically and abroad. This points to tremendous growth potential for e-commerce in Europe. To gain insights into the state of e-commerce in over 20 countries across the European Economic Area (EEA), read the points below: 25% …