Published: 7:00pm, 3 Oct, 2017 Updated: 11:35pm, 3 Oct, 2017
Digital payments are set to overtake the use of credit and debit cards as people's preferred method of making e-commerce transactions, according to a report by the United Nations Conference on Trade and Development (UNCTAD). The body cited figures from payment company Worldpay showing credit and debit cards falling in online use from 51% of all transactions three years ago to 46% by 2019, with mobile, online and digital currency payments becoming the majority for the first time. UNCTAD's figures back up other reports that have found increasing numbers of customers are using electronic payments for transactions.