Visualised: The World's Most Popular Payment Method

Jul 16
1 min read

Which is the most popular method of transactional payment in the world?

Title written as “How the World Pays”. An exclusive researched pie graph showing the most popular form of payments in the world. Listed categories are included with their share of payment method and include - Digital Wallets, Credit cards, Debit cards, Cash, A2A and others.

While cash and card payments remain the most popular category with 62% overall, digital wallets lead with 32% in total point-of-sale transactions.

The Decade of Change: 2014 vs 2024

A decade ago, digital wallets accounted for only 3% of total transactions, reflecting a ten-fold increase by 2024.

In fact, in 2014 cash transactions dominated with a 44% share, decreasing to 15% as of 2024.

Also surprisingly, while credit cards have seen a fall from 38% to 25% in 10 years, debit cards witnessed an uptick from 15% to 22% in the same time period.

Worldpay estimates that by 2030, digital wallets will lead POS transactions with 45%, followed by credit cards (19%), Debit/ prepaid cards (17%) and cash (11%).

What is your most preferred form of payment and how do you think AI will penetrate through this market?

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