Value of cards and alternative payments in B2C worldwide 2022, with a 2027 forecast
Alternative payment methods are expected to grow faster between 2022 and 2027 than payments performed with cards. Credit and debit cards are set to remain the biggest digital payment method within both point-of-sale (POS) and e-commerce, but growth is set to slow down, especially in an offline environment. Alternative payment methods — or APMs, as the source calls them — can be any form of noncash payment that does not involve a credit or debit card. This can include mobile wallets but also buy now, pay later, or payments performed with cryptocurrency or stablecoins. It is a broad category that can include many payment technologies.
