According to a study carried out by the global payments fintech Rapyd , although cash is still a very important player (40% preferred), digital payment methods increased their use in Mexico.
These are the myths that Rapyd considers that still persist about the means of payment:
1. You require an account to make digital payments
72% of those surveyed believe that it is necessary to have a bank account to be able to use digital means of payment and 5% are not sure. Only 23% had the correct answer: it is not necessary to be banked to use digital means of payment.
How can you make payments without an account? Electronic wallets are a way to make your transactions without the need for an account.
2. Digital payments are more expensive
25% of those surveyed still believe that paying through a digital payment method is more expensive than doing it with cash.
3. It’s complicated for business
25% of respondents believe that implementing digital payments is still slow and difficult for businesses .
4. Delay purchases
25% of those surveyed still believe that using a digital payment can delay their purchase.