E-commerce platform Shopify has published a guide detailing 10 key retail payment methods for 2026, highlighting trends that merchants should adopt to meet evolving consumer preferences. The list reflects the shift toward digital and contactless transactions in the post-pandemic retail landscape.
Among the methods featured are traditional credit and debit cards, digital wallets like Apple Pay and Google Pay, buy now pay later (BNPL) services, bank transfers, and cryptocurrency payments. Shopify also emphasizes the growing importance of QR code payments and mobile point-of-sale (mPOS) systems, particularly in markets like the Philippines where smartphone penetration is high.
The guide notes that offering diverse payment options can reduce cart abandonment and increase conversion rates. For Philippine retailers, integrating both global and local payment methods—such as GCash or PayMaya—is becoming essential for staying competitive in the rapidly digitizing economy.