Study: 28% of Americans Trust Digital Payment Apps More Than Cash or Cards. 2 Stocks That Tap Into That Popularity
Many Americans still love their credit cards, but digital payment apps are gaining more acceptance. The Motley Fool's personal finance service The Ascent surveyed 2,000 Americans in 2023 and found that 28% trust digital payment methods more than using cash, debit, or credit cards. Nearly half trust digital payment apps as much as traditional payment methods.
These findings help explain why digital payment services from (NASDAQ: AAPL) and PayPal (NASDAQ: PYPL) have grown considerably in recent years. Here's why these are great stocks to give you exposure to the burgeoning digital payments market.
Apple Pay has been around for nearly a decade, but it took several years to emerge as a contender in the digital payments market. Most Americans who use digital payment services still prefer PayPal or Block's Cash App, but there's an important reason why Apple could narrow the gap.
Source Fool.com
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