Cash Hangs On in Evolving Payments Landscape

By Danielle Andrus

Despite an increasing number of ways to pay for goods and services, consumers still use cash, a survey by Blumberg Capital found. The survey conducted in May by Harris Poll found that almost 60% of American consumers use physical money to make purchases at least once a week.

Emerging point-of-sale and online payments technology, such as ApplePay, PayPal and Venmo, were used less frequently by fewer people. Just 21% of respondents said they use these methods of payment at least once a month.

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