Online payment method type increase, by age 2024| ��ƽ��

Share of consumers worldwide who indicate they increasingly use selected types of online payment methods as of 2024, by demographic

Characteristic	Total respondents	18-27 years	28-43 years	44-59 years	60-78 years	79-96 years	Male	Female
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Release date

August 2024

More information

Region

Worldwide, Argentina, Austria, Brazil, Bulgaria, Canada, Chile, Colombia, Ecuador, Germany, Italy, Mexico, Peru, United Kingdom, United States

Survey time period

May to June 2024

Number of respondents

14,500 respondents

Age group

18 years and older

Special properties

Consumers; The source did not survey respondents from the Asia-Pacific region, Africa, or the Middle East

Method of interview

Online survey

Supplementary notes

The source phrased the question as follows: "Which of the following payment methods, if any, are you using more frequently now than a year ago when paying online? Select all that apply"

The results have been weighted to represent the entire population.

Citation formats

Cost of living considerations led ** percent of consumers worldwide to use debit cards more often, while ** percent opted for credit cards instead. This is according to a survey held in 14 different countries across North America, Europe, and Latin America. Noticeable is that debit cards outpaced credit cards among all age groups, with only people ages 70 and up slightly preferring credit cards more. This may have two reasons. First, the United States has a growing credit card debt, with debit cards potentially being a cheaper option. Second, Europe boasts a relatively large debit card penetration rate. Alternative payment types like buy now, pay later or cryptocurrency did not increase as much, although a greater portion of younger age groups used these.