What Drives Consumer Adoption of Pay-by-Bank?

When it comes to payment adoption, one factor stands out above the rest: options.

Consumers want to pay their way. The more flexibility they have, the more likely they are to adopt and stick with a new payment method. Pay-by-Bank is no different—and the data shows how different entry points impact adoption:

  • 0.3–2%: QR code in-app

     

  • 5–10%: EMV card

     

  • 30%+: Digital wallet

     

The takeaway? Adoption grows as the experience becomes more integrated, familiar, and intuitive.

At Spire, we make it simple for merchants to deliver all three on-ramps—QR code, EMV card, and digital wallet—so customers can choose the method that feels most natural. The result is a seamless, secure, and rewarding Pay-by-Bank experience that drives stronger adoption and deeper loyalty.

Watch this short video to learn more about Matt’s background and his take on the Pay By Bank space.