Omniwire’s Year of Breakthroughs and Partnerships

As cards displaced cash, contactless payments are displacing card payments—though they have yet to achieve complete worldwide ubiquity.Many markets have hit a 90+% adoption rate, with the UK (93.4%), Australia (95%) and Singapore (97%) leading the charge.Over 87% of U.S. consumers now use contactless payments, and this market is projected to grow at a 19.1% CAGR until 2030.

These days, 53% of people choose digital wallets over traditional payment methods like cash or a debit card, according to a 2023 survey from Forbes Advisor. By using digital wallets, 67% of Americans reported sometimes or always losing track of how much they spend with this payment type. Almost half of consumers, 47%, admitted to spending more money employing digital wallets than a traditional payment method.