In this era marked by technological advancements and the growing popularity of online shopping, the way we pay for goods and services has witnessed a transformation. Recent surveys conducted by Muniyo Quick Polling reveal that e-wallets have gained significant traction for online purchase, accounting for 58% of 206 people. However, cash still holds its ground offline, with 66% of 230 people preferring it for their in-person purchases.

E-wallets offer convenience when purchasing on the internet. They provide a streamline checkout process, eliminating the need to enter card details for every transaction. With stored payment information and seamless integration with online platforms, consumers can make purchases swiftly and securely.

While e-wallets thrive in the digital realm, cash remains the dominant choice for offline transactions. Cash doesn’t need technical infrastructure or internet connectivity. It also provides a sense of tangibility and immediate value. With cash in hand, consumers can visually assess their available funds and gauge their spending accordingly, avoiding potential oversights or excessive debt.

In the next 5 years, what do you think the dominant payment method for both online and offline purchases? Share your predictions down below!