In yet another study of how Americans pay
for things, cash has come out as a major player in the payments landscape.
The United States Analysis from PYMNTS.com’s
latest Global Cash Index™ was released last week, concluding that “while there may be a recent onslaught of payment cards, digital wallets and contactless payments, nothing has come close to replacing cash in the U.S.”
One of the places where cash leads as a
payment method is for purchases under $20, a finding of Cardtronics’ 2016 Health of Cash and other studies.
However, Mike Kaplan, an executive at PayNearMe, says in the PYMNTS.com report that there is a growing demand for services that enable people to use cash for larger payments – such as for utility bills.
To find out more about why many people want
to use cash for big payments as well other statistics about the use of cash in
the States, click here to get the Global Cash Index’s U.S. Analysis and the accompanying
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