CMSPI STATE OF THE INDUSTRY REPORT
Overall Scorecard DEBIT CARD
CREDIT CARD
17.4 18.3 17.1 17.1 17.0 13.9 16.1 16.3
DIGITAL WALLET (PASS THROUGH) DIGITAL WALLET (STAGED/STORED)
CREDIT CARD
CASH
United States: Any card plate, or other single credit device that may be used from time to time to obtain credit, defined as the right to defer payment of debt or to incur debt and defer its payment. 156 Card Profile) where the amount of the transaction is debited in full or in part at a pre-agreed specific calendar month date to the payer, in line with a prearranged credit facility, with or without interest. 157 European Union: A card- based payment (See Debit Visa: A card linked to a secured or unsecured open- ended credit account, including revolving or non- revolving consumer, business, or commercial credit or charge accounts, or a credit account or equivalent as defined under applicable laws or regulations. An account is not a credit account if the credit results from the incidental extension of credit such as overdraft or minimum balance protection or similar services. 158
REAL-TIME PAYMENTS
BANK TRANSFER
BUY NOW, PAY LATER
STABLECOIN
12.0
Scorecard Summary Credit cards’ ubiquitous acceptance globally gives it the highest acceptance score while omnichannel and recurring payment capabilities, among others, suggest credit cards provide consumers with a good user experience. The lack of brand risk for merchants to accept credit cards and consumers’ money-back guarantee also lends credit cards to a higher security score compared to the other payment methods. However, the lack of competition within the payment method on the merchant side and high interest rates on debt on the consumer side are a couple of reasons credit cards receive a lower cost score. Lastly, credit cards received a low governance score, which could be due to a few factors: on a global scale, credit card regulation is lacking for merchants and credit cards and have an unbalanced governance structure.
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