The evolution of payments in America has been dramatic. While most consumers (60%) used cash in 1995, that number dropped to 32% by 2003. Between the mid-2000s and the present, mobile payments have taken off. By 2015, mobile payments will amount to $214 billion, according to a study from MasterCard. This infographic, created by Merchant Warehouse, lays out the history of how businesses have been paid, from the 1400s through the present and into the future.
The evolution of payments in America has been dramatic. While most consumers (60%) used cash in 1995, that number dropped to 32% by 2003. Between the mid-2000s and the present, mobile payments have taken off. By 2015, mobile payments will amount to $214 billion, according to a study from MasterCard. This infographic, created by Merchant Warehouse, lays out the history of how businesses have been paid, from the 1400s through the present and into the future.
