What are the latest trends in consumer payment habits?
Consumers are increasingly favoring digital wallets and contactless payments over traditional methods.
Why are people moving away from cash?
The convenience, speed, and safety of digital payments are major factors driving this shift.
How has the pandemic influenced these changes?
The pandemic accelerated the adoption of online shopping and contactless payments as people sought safer options.
Are there any demographic differences in these habits?
Yes, younger generations tend to adopt new payment technologies faster than older generations.
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