Deep DiveUS Digital Payments Take Off, with Unexpected Winners and Losers Coresight Research January 18, 2019 Executive SummaryIn this report, we look at digital payments in the U.S., what‘s done well and not so well — and what consumer preferences tell us about the future of digital payments in the U.S. Digital payments are growing quickly as consumers embrace noncash methods. Digital commerce payments are expected to grow to over $1 trillion by 2022 – a CAGR of 14.8%, while proximity mobile payments are expected to grow 31.6% a year to $365.5 billion. Old-fashioned credit and debit cards remain popular, with purchase volumes increasing more quickly than account growth. Contactless cards have so far not been popular among U.S. consumers. The global mobile wallet market was worth $594.00 billion in 2016, and is expected to grow at a CAGR of 32% between 2017 and 2022, hitting over $3 trillion. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Agentic Commerce: How Retailers Can Make Their Products Discoverable and Shoppable for 800 Million ChatGPT UsersConnected TV’s Opportunities and Growing Pains: 10 Insights from CTV Connect 2025January 2025 US Retail Sales Outlook: Projecting Mid-Single-Digit Growth for the Start of 2025US Tariffs: Three Actions for Risk Mitigation and Long-Term Positioning
