Recent data reveals that, as of 2023, digital wallets and credit cards have emerged as the most popular online payment methods globally. However, when it comes to point-of-sale (POS) transactions, what payment methods do consumers prefer? In this article, we explore essential data and statistics on this subject.

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What is pos payment?

POS, or point of sale, transactions refer to the moment a customer makes a purchase and completes the payment at a physical location. Examples of POS payments include buying groceries at a supermarket, dining at a restaurant, or purchasing items at a brick-and-mortar retail store.

This means that unlike ecommerce transactions, POS payments are conducted in-person and occur in physical retail environments.

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Point-of-sale payment methods



Digital wallets



Credit cards



Debit cards






Prepaid cards



POS financing



According to a recent survey, as of 2023, digital wallets rank as the leading POS payment method, commanding a 30% share. This translates to $3 out of every $10 spent in physical stores being transacted through a digital wallet. Projections indicate that the share of digital wallets in POS payments will surge to 46% by 2027, underscoring global consumers’ growing preference for this payment method. It is also the fastest-growing POS payment method, with an anticipated 16% compound annual growth rate (CAGR) through 2027.

Credit cards and debit cards are the second- and third-most-popular POS payment methods, boasting shares of 27% and 23%, respectively. Unlike digital wallets, their shares are forecast to fall by five percentage points by 2027, dipping to 22% and 18%, respectively.

Together, payments done via digital wallets, credit cards, and debit cards comprise 80% of POS transactions, which means that $4 out of every $5 spent in physical stores involve these payment methods.

Despite advances in payment technologies, cash remains one of the most popular point-of-sale payment methods, accounting for 16% of the total transaction value. But its usage is projected to decline to 11% by 2027, marking a CAGR of -6%.

Prepaid cards and POS financing round out the list of the top POS payment methods worldwide, with shares of 2% and 1%, respectively.

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