WalletHub analyzed the consumer payment landscape using publicly available data and a variety of metrics that clearly illustrate significant patterns in consumer spending. The results listed below not only elucidate consumer payment preferences, but also indicate how usage costs and transaction amounts differ across payment vehicles as well as over time.
Market Share of Payment Type by Number of Transactions
(Source: Federal Reserve, 2020)
Number of Payments by Card Type (In Billions)
(Source: Federal Reserve Payments Study, 2000-2018)
Purchase Volume by Card Type (In Billions)
(Source: Federal Reserve Payments Study, 2002-2018)
