Deep Dive 16 minutes PremiumUS 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. 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: Weinswig’s Weekly: How Are Chinese Consumers Shopping Beauty?Singles’ Day Participation Analysis: China Consumer Survey InsightsThree Things You Need To Know: Head-to-Head in US Drugstore Retailing—CVS Health vs. Walgreens Boots AllianceWeekly US and UK Store Openings and Closures Tracker 2023, Week 29: UK Closures Up 91%