Digital wallets are estimated to account for $11 billion of online spend by 2026, according to figures from emerchantpay.
The study, which has been published to examine consumer behaviour post pandemic shows that there will be stark differences in attitudes towards payments between generations.
The report also shed light on the potential economic contribution of trends such as subscriptions and cryptocurrency payments.
Over a quarter of respondents (29 per cent) of the survey said that they took out more subscriptions in 2020 than they did the previous year, post pandemic.
