Gen Z Driving the Shift From Cards to Digital Wallets, New Research From Global Payments Reports

Gen Z driving the shift from cards to digital wallets, new research from Global Payments reports

ATLANTA – Global Payments  announced today that its Worldpay business released its 11th annual Global Payments Report, revealing that Americans remain attached to plastic – even as younger generations are swapping physical wallets for digital."The Global Payments Report stands as the definitive guide to the evolving payments landscape, offering insights into how consumers and businesses transact across 42 global markets,” said Cameron Bready, ch…

Digital wallets to account for half of e-commerce payments by 2030

WorldPlay has announced that 50% of UK e-commerce transactions could be made using digital wallets by 2030, up from 40% in 2025, in its 11th annual Global Payments Report. In the same time period, the payment processing company forecasted digital wallet spending to rise by 68% from £269bn to £453bn. Although younger consumers were the main drivers of digital wallet use, this method was the most popular form of online payment for every age group …