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New digital payments spur questions over consumer privacy, security

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As more and more consumers embrace new methods of payment on e-commerce sites, questions over cybersecurity have become even more critical for businesses.

In a Mastercard survey on new payments, conducted across 18 markets globally, a majority of consumers polled said they were willing to consider emerging payment methods such as digital or mobile wallets, QR codes and even cryptocurrencies. 

“Ninety percent of the consumers have tried at least one emerging payment type in the last year. And out of those, two thirds of them have actually done it for the first time” — and would not have done it had it not been for the pandemic, said Sandeep Malhotra, executive vice president of…



Source cnbc.com

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