Mobile wallet usage surges as 53% of Americans prefer digital payments for security and convenience.

Mobile wallet usage has surged, with 53% of Americans preferring digital payments over traditional methods. Credit card issuers encourage this trend by offering bonus rewards and immediate access to credit lines. Digital wallets provide enhanced security via tokenization, which masks real credit card numbers, and make it easier to manage multiple cards. Their adoption by businesses is increasing, making them a preferred payment method for many.

3 months ago
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