Entrepreneurs are Desperate to Switch to Digital Payments. Here’s What’s Stopping Them, Mastercard Says.

Even Gen Z finds it difficult to convince legacy businesses to stop requiring cash and check payments.

BY BRUCE CRUMLEY @BRUCEC_INC

Illustration: Getty Images

Millions of entrepreneurs across the U.S. find themselves in a similar bind in the way they make transactions. Most remain heavily reliant on cash or checks when receiving or making payments, despite their strong desire to switch to faster and safer digital credit options. A new study by financial giant Mastercard indicates just how big that gap between aspiration and action still is, while offering advice to business owners to finally make the switch.

Those insights came........

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