![]() WorldPay predicts that fewer consumers will choose cash as their payment method at point-of-sale transactions by 2025, decreasing from 11.4% in 2021 to 5.7% by 2025. The study suggests that while the majority of consumers will still prefer using old-fashioned debit and credit cards for their purchases in 2025, the runner up will likely be mobile wallets. If you have considered ditching your old-fashioned plastic credit card and switching to a mobile wallet but haven’t yet, you have plenty of company.Īccording to WorldPay’s Global Payments Report 2022, the use of mobile wallets to make purchases in stores in the U.S.
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