Gen Z Driving the Shift From Cards to Digital Wallets, New Research From Global Payments Suggests

Hong Kong Sees Digital Wallets Surpass Cards for the First Time

Digital wallets have surpassed cards for the first time in the city’s payments landscape, according to the Global Payments Report 2026 by Worldpay. In 2025, digital wallets accounted for 41% of e-commerce value and 45% of point-of-sale (POS) transactions, making them the most widely used payment method. Consumers in Hong Kong have access to a broad range of wallet options, including local versions of mainland platforms such as Alipay HK and WeCh…

Asia remains world’s most wallet led region as A2A payments accelerate - Worldpay

Asia Pacific (APAC) remains the world’s most wallet led region, with digital wallets accounting for 77 percent of online spend ($ 2.7 trillion) and 63 percent of in-person spend ($6.3 trillion) in 2025 – the highest share of any region worldwide, Worldpay (now Global Payments) said Wednesday. The firm said in a statement that the adoption is broad-based in India, where digital wallets accounted for 68 percent e-commerce and 61 percent point of s…

Digital wallets dominate Asia-Pacific payments, study finds

Digital wallets still lead Asia-Pacific payments, but account-to-account rails are rising fast in Hong Kong, Thailand and Singapore, Global Payments says.

It’s Still Card-First in the U.S.

U.S. consumers are nothing if not habit-driven. New research from Global Payments Inc. suggests that credit and debit cards accounted for 49% of all online shopping and 71% of in-store shopping in 2025, as reported in the 2026 edition of the Global Payments Report. That is virtually unchanged from 49% and 69%, respectively, in 2024, according to the 2025 edition of the report. That may not be the case over the next few years as the report foreca…

Gen Z driving the shift from cards to digital wallets, new research from Global Payments reports

ATLANTA – Global Payments  announced today that its Worldpay business released its 11th annual Global Payments Report, revealing that Americans remain attached to plastic – even as younger generations are swapping physical wallets for digital."The Global Payments Report stands as the definitive guide to the evolving payments landscape, offering insights into how consumers and businesses transact across 42 global markets,” said Cameron Bready, ch…

Gen Z Driving the Shift from Cards to Digital Wallets, New Research from Global Payments Suggests

Global Payments (NYSE: GPN) announced today that its Worldpay® business released its 11th annual Global Payments Report.