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: Competing with E-Commerce Giants Through 2030: The Future of Malls—Part 3January 2024 US Retail Sales: Growth Moderates; Health Stores and Nonstore Retailers Continue To Show Solid GrowthWeekly US and UK Store Openings and Closures Tracker 2024, Week 7: Pandora Announces Store Expansion PlansHoliday 2023: Early US Retail Outlook