Infographic: How America Pays in 2016
5-18-2016
ETA member Blackhawk Network has released an insightful infographic, How America Pays in 2016.
The report finds that cash usage is down 6% and checks are down 8% from 2015 to 2016, with 75% of respondents using Debit, 69% using Credit, 43% using gift cards, 38% using prepaid, 18% opting for mobile. Of smart phone owners, 33% employ mobile wallets.
When it comes to rewards, 45% of shoppers surveyed said they preferred rewards paid through prepaid or gift cards, 44% plan to purchase gift cards to spend on themselves this year, with 74% saying they hope to receive gift cards from others.
For additional data, take a look at the infographic here
About ETA
The Electronic Transactions Association (ETA) is the global trade association representing more than 500 payments and technology companies. ETA members make commerce possible by processing more than $6 trillion in purchases in the US and deploying payments innovations to merchants and consumers. Learn more: www.electran.org.
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