Almost one-half of Americans prefer digital payments instead of cash

According to a poll from the USA Bank, 47% of consumers prefer digital methods of payments

Almost one-half of Americans prefer digital payments instead of cash

By increasing access to P2P payments, consumers from unlike historic menses groups instantly prefer to purpose mobile applications, rather than cash, when they pay to other people.

According to a recent survey conducted past times the USA Bank, 47% of consumers reported that they select digital applications for making payments, spell 45% of respondents prefer cash.

It is noteworthy that digital payments are preferred for 49% of polled millennials (19-36 years), 44% of representatives of generation X (37-52 years) together with 32% of infant boomers (53-71 years).

The survey besides establish that consumers create non ship large amounts of cash alongside them, because they create non oft purpose them for payments. In general, 50% of respondents reported that inwards most cases they create non ship cash at all. In other cases, close one-half of the respondents convey no to a greater extent than than $ xx inwards their hands, together with 76% - no to a greater extent than than $ 50.

Moreover, 46% of Americans country they purpose cash less than 8 days a month, together with 5% country they never purpose it at all.

Source: businesswire.com