Cost of living considerations led consumers worldwide to increasingly use debit cards, rather than credit cards. 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 age 70 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.
Share of consumers worldwide who indicate they increasingly use selected types of online payment methods as of 2024, by demographic
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.
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Paysafe Group. (August 12, 2024). Share of consumers worldwide who indicate they increasingly use selected types of online payment methods as of 2024, by demographic [Graph]. In Statista. Retrieved November 05, 2024, from https://www.statista.com/statistics/1498164/online-payments-frequency-of-use/
Paysafe Group. "Share of consumers worldwide who indicate they increasingly use selected types of online payment methods as of 2024, by demographic." Chart. August 12, 2024. Statista. Accessed November 05, 2024. https://www.statista.com/statistics/1498164/online-payments-frequency-of-use/
Paysafe Group. (2024). Share of consumers worldwide who indicate they increasingly use selected types of online payment methods as of 2024, by demographic. Statista. Statista Inc.. Accessed: November 05, 2024. https://www.statista.com/statistics/1498164/online-payments-frequency-of-use/
Paysafe Group. "Share of Consumers Worldwide Who Indicate They Increasingly Use Selected Types of Online Payment Methods as of 2024, by Demographic." Statista, Statista Inc., 12 Aug 2024, https://www.statista.com/statistics/1498164/online-payments-frequency-of-use/
Paysafe Group, Share of consumers worldwide who indicate they increasingly use selected types of online payment methods as of 2024, by demographic Statista, https://www.statista.com/statistics/1498164/online-payments-frequency-of-use/ (last visited November 05, 2024)
Share of consumers worldwide who indicate they increasingly use selected types of online payment methods as of 2024, by demographic [Graph], Paysafe Group, August 12, 2024. [Online]. Available: https://www.statista.com/statistics/1498164/online-payments-frequency-of-use/
