| Characteristic | Innovation Readiness | Payment Maturity |
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Source
Release date
February 2019
Region
Worldwide
Survey time period
May 31 to June 29, 2018
Number of respondents
12,217 respondents
Method of interview
Online survey
Supplementary notes
The Payment Maturity Metric:
1.0 Secure - cash or equivalent
Traditional e-commerce, buy buttons, check, wire transfers, in-person banking
2.0 Consumer-Centric - traditional electronic
P2P payments, QR codes, mobile wallet, debit/credit cards, prepaid card, online banking
3.0 Seamless - cashless or digital
Messaging apps, smart home devices, wearables, contactless, mobile banking
According to the source, "the Payment Maturity Metric is based on consumer needs, technology adoption rates, government regulations, and the availability and usage of new technology. Innovation Readiness reflects consumers' willingness to accept and use new payment technologies."
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