Alternative Payment Methods are Dominating the Market

Today, fewer and fewer people are carrying cash and turning instead to alternative payment methods. An alternative payment method is any way of paying for a purchase that isn’t cash, debit, or credit card. Many people feel that alternative payment methods are the safest way to make purchases whether in person or online. Paysecure gives us insight into which of these APMs are most popular worldwide through an infographic ranking methods by the number of transactions per second.

Here are the methods that top their graphic:

• United Payments Interface (UPI)
• Skrill
• PIX
• Alipay
• PayPal
• Internet Banking Payment System (IBPS)
• Gcash
• MoMo
• PayPay
• Immediate Payment Service (IMPS)

You can learn more about each of these methods and more on their infographic. You’ll see which methods are most popular in which countries, what type of alternative payment method it is, how many transactions per second are made through these methods, and more.