In June 2015, when eCommerce giant Amazon rolled out operations in Mexico, it entered a market where online shopping accounted for a mere 2 percent of the country’s $203 billion in retail sales, and the number of credit cards equaled a fifth of the country’s...
Mexico uses more cash than any other country in the Americas — and according to the latest PYMNTS.com Global Cash Index™ Mexico Analysis, it’s use will continue to grow 3 percent a year. So where does that leave eCommerce merchants? Jumping on board the cash...
Empowering payments is all about empowering consumer choice. That means enabling people to pay in-store or online via the payment method that is most convenient for them at any given moment. While some may find it surprising, cash is still holding strong to its reign...
Mobile payments might be all the rage in Europe, but they are seemingly far from replacing good old cash. In fact, when it comes to picking a payment method, most European consumers pick cash even over credit and debit cards. According to a recent survey conducted by...
While payments innovations may create buzz in the U.S. market, cash remains decidedly low-tech and top of the payments heap. According to PYMNTS research, cash usage in the U.S. has been on a stable course the past few years, hovering between 14 and 15 percent...
Even as credit and debit cards become more popular and new payment methods like mobile wallets enter the scene, the world’s largest economy still relies on cash more than any other payment method. According to research revealed inside the new PYMNTS.com Global Cash Index™ United...
Cash in the Americas, it seems, is here to stay. According to new PYMNTS.com research, cash usage in the Americas is on track to hit $3.5 trillion by 2020. In the hot-off-the-presses Global Cash Index™ Americas Analysis, PYMNTS tracked the factors powering cash usage in...
Cash in the Americas, it seems, is here to stay. According to new PYMNTS.com research, cash usage in the Americas is on track to hit $3.5 trillion by 2020. In the hot-off-the-presses Global Cash Index™ Americas Analysis, PYMNTS tracked the factors powering cash usage in...
Korea is gearing up to move to a so-called “coinless society,” with the central bank announcing plans to pilot a service in which consumers would get change back from merchants onto a prepaid card. According to a report, the central bank in Korea had been mulling the...
