Majority of U.S. consumers willing to adopt digital wallets for international payments
A recent PMNTS survey reveals that over 40% of consumers prefer digital wallets for cross-border transactions, with the U.S. figure soaring to 44%. Banks in the U.S. and U.K. are increasingly partnering with FinTech firms to enhance payment speed. Among U.S. consumers, 55% plan to adopt digital wallets to send or receive cross-border payments.
