Impact of inflation on preferred e-commerce payment method in the UK 2022
Inflation in 2022 changed payment behavior for online shopping in the UK, with four out of 10 respondents now paying with a credit card. This according to a survey held in 10 different countries across North America, Europe, and Latin America, and purely asked on whether cost of living had changed payment behavior in those countries. Credit cards, BNPL, and crypto were all used more often, but neither saw the largest growth: 57 percent of respondents who changed their payment habits because of the rising cost of living in 2022 are paying online with debit cards more often than they did in the previous year.
