Alternative payment options bring huge change in the world of payments.
These payment options have been propelled by the millennials. In 2018, we saw the continued rise of various alternative payment methods (mobile applications), while the use of cash and credit cards, among this generation, in particular, continued to decrease.
Digital payments are not one instrument but rather an umbrella term applied to a range of different instruments used in different ways.
Now global travellers are embracing alternative payment methods. We have seen travellers use credit and debit cards for payment. But nowadays, they prefer alternative payment applications while travelling. To meet up to this demand, travel industry is rapidly adapting this growing trend.
Digital payments supporting tourism
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