What were the most significant findings from MasterCard consumer payment trends research?
The results of the 2007 Global Cash Usage Survey indicate that we are moving towards a nearly cashless society as the world is becoming less cash-reliant. A plurality of consumers are carrying less cash than they did five years ago, and payment cards have a high penetration in the market. In the US nearly four in 10 Americans (38%) say they carry less cash in their wallets than they did four years ago. Additionally, most consumers (69%) carry less than $50 in their wallets and 81% do not like to carry large amounts of cash.
