Study: Digital Wallets to Overtake Debit Cards for In-Store Payments by 2027

Money Mobility Tracker®: Top of Wallet: Digital Wallets' Ascent for Payments - and More

Convenience has made digital wallets the fastest-growing payment method in the U.S. and influences users to spend more than nonusers, yet only 57% of small businesses offer digital wallet payments to their customers. This edition of the “Money Mobility Tracker®,” a collaboration with Ingo Payments, examines how payment providers can help merchants overcome preconceptions about security, complexity and technology to stay on top of the trend.

Inside the July Tracker
  • Digital wallets are topping other methods in both usage and spending values — making them a must-have in every merchant’s suite of payment options.
  • Despite overwhelming demand, fewer than six in 10 small businesses offer digital wallet payments to their customers.
  • New uses for digital wallets are growing — in accordance with consumers’ wishes.

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