026 027 Canada UK PAYMENT MATURITY France Low Mid High Germany INNOVATION Poland READINESS Darker shades of yellow indicate greater stages of maturity. Increased density of dots indicates greater stages of innovation readiness. Japan A Deeper Look at US Payment Maturity & S. Korea B.3 Innovation Readiness In our survey of 16 countries, we calculated payment maturity in three stages, based on payment channels and methods used, the importance Brazil of security for payments, and predominant banking channels. While no countries has reached the Payment Australia 3.0 stage, each has varying degrees of maturity and readiness within the Argentina 1.0 and 2.0 range. US Mexico UK Russia UAE India China Australia Contactless cards show the most The Central American country Along with some of its neighbors, The eastern nation has one of the The UAE has one of the biggest In November 2016, the With 1 billion+ population, The most ready for innovation— opportunity in the US, as long as has one of the biggest the UK has a big opportunity for biggest opportunities for growth opportunities for growth in government took 86% of paper the country is aggressively has a big opportunity for wearables consumers trust in the protection opportunities for growth in contactless payments via phone— in contactless payment technology wearables, if consumers perceive currency out of circulation—in just adopting a mix of electronic and provided consumers know more of their privacy and personal data, biometrics, if consumers learn assuming this method always via phone, if consumers trust that it to be compatible with their four hours (See page 32). mobile-first payment technologies. about how this method works, and trust the product will always how the technology works. does what consumers want it to their data will be protected; the current technology mix. that it saves them time, and that do what it should. do, and it saves them time. technology will save them time it offers something better than and address an unmet need. existing alternatives.