Over 90% of the world’s currency is digital. I don’t know about you, but I rarely have cash! Between credit cards, debit cards, direct deposit, and online purchases, that leaves only about 8% of global currency to be physical money.
100 Mind-Blowing Purchases Facts
Most of the purchases in China are done with mobile phones. Chinese people love online shopping! Around 70% of online purchases are made with mobile phones. Meanwhile, only 46% of online purchases in the U.S. are done with a cell phone.
48% of online shoppers go straight to a large eCommerce marketplace for their purchases.
The First Universal Credit Card Was Introduced in 1950: Credit cards originated in the U.S. back in the 1920s, but were issued by individual firms, such as oil companies and hotel chains, to their customers, specifically for purchases made at company outlets. It wasn’t until 1950 that Diners Club founders Ralph Schneider and Frank McNamara issued a card that could be used at a variety of establishments. The Diners Club card sparked the modern credit card era. Others soon followed, such as American Express, which debuted their card of this type in 1958.