Deep Dive 25 minutes PremiumThe Future of Payments Coresight Research August 21, 2019 Executive SummaryIn this report, we look at payment platforms, explore their prospects, and look at new technologies that could shape the future of the global payment landscape. Credit cards, debit cards and cash remain the most commonly used methods of payment in the US, but new options are gaining popularity. Contactless payments such as Apple Pay, PayPal, contactless cards, and others have attracted hundreds of millions of customers and some 65% of US retailers accept them. Boasting familiarity and efficiency, company-specific payments such as Amazon Pay and Walmart Pay help streamline the checkout process. In China, mobile payments have become the norm. With a combined more than one billion active users, WeChat Pay and Alipay have become the most used digital wallets in the world. Bitcoin dominates the cryptocurrency world, but price volatility continues to raise concerns about its suitability. Facebook plans to launch its own cryptocurrency called the “Libra” in 2020. It will back the currency with a reserve of low-risk assets and promises to combat the volatility that has plagued other cryptocurrencies. 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: Shoptalk Europe 2023 Startup Pitch Competition: Recap—10 Innovators, Two WinnersUS Consumer Tracker: Inflation Awareness Reaches Record HighIndications of a Summer Wind-Down Emerge: US Consumer Tracker 2023, Week 34Earnings Insights 1Q24, Week 3: Crocs and Coty See Sales Growth; Floor & Decor, Tapestry and Others See Sales Decline