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Payment instruments used most frequently to complete transactions in North America in 2016 and 2020

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Transaction payment instruments used at least weekly in North America 2020 This statistic presents the payment instruments used to complete transactions at least weekly in North America in 2015 and a forecast for 2020. Cash proved to be the most popular payment means both in 2016 and 2020, however, the share of respondents willing to pay for their transactions with cash declined from 60 percent in 2016 to 56 percent in 2020.
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Description Source More information
This statistic presents the payment instruments used to complete transactions at least weekly in North America in 2015 and a forecast for 2020. Cash proved to be the most popular payment means both in 2016 and 2020, however, the share of respondents willing to pay for their transactions with cash declined from 60 percent in 2016 to 56 percent in 2020.
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Release date
October 2016
Region
Canada, United States
Survey time period
Jul 6 to Jul 22, 2016
Number of respondents
4,000 respondents
Age group
18 years and older
Supplementary notes
* Forecast
The source does not specify the type of survey used.
The survey questions were phrased by the source as follows: " how often do you use the different payment types to complete a transaction to purchase goods and services online or in store? (AT LEAST DAILY + AT LEAST WEEKLY)" and " how frequently do you anticipate you will use the following payment types to complete a transaction in 2020 to purchase goods and services both online and in store? (AT LEAST DAILY + AT LEAST WEEKLY)"

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