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. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Weekly US and UK Store Openings and Closures Tracker 2024, Week 13: Five Below Announces US Store Expansion PlansWeinswig’s Weekly: Tackling the Food-Waste Challenge with TechnologyWeinswig’s Weekly: Understanding the Scale and Demographics of Cross-Channel ShoppingWeekly US and UK Store Openings and Closures Tracker 2023, Week 34: Ace Hardware Drives US Openings