Consumer payment preferences are changing faster than ever before, migrating further toward electronic and card-based payments and away from paper-based payments such as cash and check. Hastening this migration, e-commerce and m-commerce are transforming the nature of consumer payments, tilting the balance further in favor of bill- and non-bill electronic and card-based payments; while P2P payments take digital shape. Cash and check are on the chopping block: Dropping from an 8.7% share in 2016, the author expects cash to comprise 6.9% of consumer payment value in 2020, with declines also noted for check payments, with card-based and electronic payment picking up the slack.
These shifts in consumer payment preferences are shaping the value and volume of payments made, affecting market share for cash, debit cards, prepaid cards, credit cards, electronic payments such as online banking bill payment and bank account payment, and of course cash and check. This, in turn, has ramifications for industry participants drawing revenue or paying fees from the consumer payments food chain.
Addressing this shift, the "U.S. Consumer Payments Outlook Through 2020" provides both trended consumer usage, behaviour and attitude analysis on consumer payments and market sizes and forecasts through 2020 for key consumer payments instruments and methods.
The report emphasizes 2007-2016 survey trending of consumer payment usage and behaviour, segmented by payment instrument and method: credit card, debit card, prepaid card, cash, check, online and mobile payments, and P2P and money transfers, with demographic analysis.
Key Topics Covered:
1. Executive Summary
2. Market Size And Forecast
3. Consumer Credit Card Payments
4. Consumer Debit And Prepaid Card Payments
5. ACH Payments
6. Check Payments
7. Cash Payments
8. Online And Mobile Payments
9. P2P And Money Transfer
- American Express
For more information about this report visit http://www.researchandmarkets.com/research/gdx497/u_s_consumer