Global Mobile Payment Methods 2020 and COVID-19’s Impact

Global Mobile Payment Methods 2020 and COVID-19’s Impact

  • June 2020 •
  • 167 pages •
  • Report ID: 5909157 •
  • Format: PDF
Mobile payment adoption accelerates during COVID-19

Contactless Payments Benefit From Consumers Abandoning Cash During COVID-19


One-fifth of consumers surveyed internationally amid the coronavirus outbreak believed contactless payments to be a cleaner alternative to other payment means such as cash, according to the report. As a result, proximity mobile payment users are on the rise, with pre-coronavirus projections estimating their number at more than 1 billion in 2020.

Mobile Payment Methods Preferred by Shoppers Vary Worldwide

Another finding of the report is that consumers vary when it comes to choosing a payment method in a mobile store. In Poland, the top payment choice of mobile shoppers is a fast transfer service like Prezelewy24 and PayU, while consumers in Brazil would opt for credit cards or Boleto Bancario. Furthermore, according to the report, China is a global leader when it comes to mobile payment adoption. The vast majority of connected consumers in this country use Alipay, WeChat Pay, or both, to settle their transactions both in-store and online.

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