Sign Up
Stories
Digital Wallet Users Spend More on Retail
Share
2024's Payment Innovations
BNPL's Rise in Travel Sector
Banking Sector Leads in Consumer Trust
Cash Decline Spurs Digital Payments
Consumer Credit Preferences
Credit Priorities in US
Overview
API
Digital wallet users tend to spend more on retail, groceries, and restaurant purchases compared to nonusers. Debit cards are the most common payment method in digital wallets, with a higher prevalence among Gen Z consumers for grocery purchases.
Ask a question
How might the increased use of digital wallets impact traditional payment methods like cash and credit cards?
In what ways could the prevalence of digital wallets influence the development of new financial products and services?
What potential implications could this have on the retail industry, especially in terms of marketing strategies and consumer behavior?
Article Frequency
0.2
0.4
0.6
0.8
1.0
Nov 2023
Dec 2023
Jan 2024
Coverage