Alternative payment methods are defined as any payment that isn’t cash, credit, or debit card. Alternative payment methods may represent a buy now pay later plan, digital wallet, mobile payment, online banking, real-time payment, or voucher-based payment.
Alternative payment methods are gaining popularity due to the security of their transactions and how speedy and convenient they are. These forms of banking are accessible to people in remote areas and make it easier to do international banking.
The team at Paysecure provide us a closer look at these popular banking platforms with the following infographic showing which alternative payment methods are most popular worldwide. They calculated popularity by the number of transactions per second.
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Co-founder and Vice President of SearchRank, responsible for many of the day to day operations of the company. She is also founder of The Arizona Builders’ Zone, a construction / home improvement portal.
