Digital Literacy Is on the Rise. Here’s What That Means for Payments

Digital payments are shaping consumers’ habits

Nine in ten Americans own a smartphone in 2024*—and more than ever, they’re using their devices to make and receive payments. In Onbe and NRG’s 2024 Payouts Landscape report, we tracked the rising use of:

·      Payment apps

·      Mobile wallets

·      Embedded payments

·      Digital payment choices

As consumers grow more comfortable with mobile payment tools, they’re also using cash and checks less frequently. To meet these evolving preferences, companies should be ready to deliver payment experiences with mobile options that fit the lives and behaviors of today’s digitally literate consumers.

To explore our findings, download the one-sheet