For the affluent but a widely used tool across all financial brackets.Knowing about a thing . Can lead to using that thing. More than in , or %, of u.S. Consumers . Report being very or extremely familiar with using digital wallets for cross-border payments. That level . Is comparable to their familiarity with traditional payment methods like debit cards (%), credit cards .
And Bank Account Transfers (%) but the
(%) and bank account transfers (%).But the story is much different with u.S. Smaller businesses. . Less than half of them use digital wallets for the seo power of social signals in e-commerce international transactions, indicating untapped potential in . This sector.Interestingly, a business’s size has little impact on its adoption rates, with smaller businesses . (revenues up to $,) slightly more likely (%) to use digital wallet compared to larger .
(Revenues Between $ Million and $
Businesses (revenues between $ million and $ million) at %. Likewise, adoption rates are comparable . Between brick-and-mortar businesses (%) and online-only merchants (%).Why are businesses slow to adopt the tech? . One-third of u.S. Merchants three factors influencing buyer’s choice on the marketplace that don’t use digital wallets cite the payment method’s lack of . Status as the industry’s payment standard as a key reason. They’re also worried about the .
Of Their Financial Data and Money
Security of their financial data and money (%) and the inability of senders or receivers . To use the wallets (%).The actionable item: as familiarity fuels adoption with consumers, providers have . An opportunity to expand their reach with both consumers and businesses by further “socializing” the . Payment method.That’s where playing up the payment method’s benefits comes in. Fifty-four percent of u.
Consumers Not Using Digital Wallets Cite
- . Consumers not using digital wallets phone number united states of america cite faster transaction speed as a primary reason they would . Consider doing so within the next year. More than in believe digital wallets offer a . More secure payment method. Likewise, % of u.S. Merchants not using digital wallets indicate that . Faster funds transfer would encourage them to adopt.In short, the u.
