The world of payments is rapidly evolving with the increasing use of digital technology. According to a recent study, digital payments have seen a tremendous rise in usage worldwide, with a 12% growth in 2020 alone. This shift is largely due to the convenience and safety that digital payments provide, especially during the ongoing pandemic.

The study also revealed that mobile payments are gaining popularity, with a 19% increase in 2020. This is not surprising as more and more people are turning to their smartphones for various tasks, including making payments. The rise in popularity of digital wallets such as Apple Pay, Google Pay, and Samsung Pay, also contributes to the growth of mobile payments. Additionally, the study reported a 6% increase in the usage of contactless payments, further showcasing the preference for safe and convenient payment options.

This trend of digital payments is expected to continue as more businesses and consumers adopt this technology. With the convenience of making payments from anywhere, at any time, and the added safety measures during the pandemic, it is no surprise that digital payments are on the rise worldwide. Are you ready to join the growing number of people embracing digital payments? Keep an eye out for more news and updates on the evolving world of payments.