Cash is King, for now. The use of electronic payment applications has been steadily growing, according to a recent survey by the US Federal Reserve, cash payments accounted for only 26% of all payments in 2020. Payment cards (credit/debit) and electronic payment applications were used for 65% of all payments, leaving to wire transfers directly from a bank.

Link: How Secure Are Payment Apps?
via http://www.business2community.com