Alternative payment methods are all transactions that aren’t cash, debit, or credit card. These methods have gained worldwide popularity because they’re secure and make banking possible for a greater variety of people. People in remote areas, limited mobility, and other limitations that prevent them from using a traditional bank can use alternative payment methods. The team at Paysecure shows us just how popular these methods have become by ranking the methods by the number of transactions per second.
The top alternative payment methods had more than a thousand transactions per second! These are the methods that had these incredible numbers:
- Unified Payments Interface
- Skrill
- Pix
- Alipay
Unified Payments Interface towers about the rest with an incredible 3,729.1 transactions per second. This method is run by an Indian bank, and it’s a world leader for alternative payment methods. Take a look at the infographic to see a massive list of methods and find out where they’re regulated and most popular.
infographic by: paysecure.net
