Merchants Are Offering More Payment Choices Than Ever
Consistent with prior MRC studies, merchants now accept four to five different payment methods on average. This diversification reflects the need to cater to evolving customer preferences and regional behaviors.
Most Popular Payment Methods Globally
Card payments and digital wallets lead globally, each accepted by around 75% of merchants.
Debit transfers and mobile payments are also widely adopted.
Regional Preferences Vary
Cash on delivery is accepted by over one-third of merchants in APAC, compared to <25% elsewhere.
Gift cards and vouchers are particularly common in North America.
Fastest-Growing Payment Methods in 2024
As consumer expectations evolve, merchants are embracing newer, faster, and more seamless ways to accept payments.
Top 4 Fastest-Growing Methods
Digital wallets – now accepted by 72% of merchants