The World Payments Report 2017 (WPR 2017)

Very exciting to observe that, the global digital payments volumes are predicted to increase by an average 10.9 percent through to 2020, reaching nearly 726 billion transactions, according to the World Payments Report 2017 (WPR 2017).

Released today by Capgemini, and BNP Paribas, the WPR 2017 estimates that volumes generated by emerging economies will grow by 19.6 percent, or three times the rate of mature economies.

Emerging Asia, led by China and India, is projected to grow 30.9 percent in volumes. Worldwide non-cash wholesale transactions by corporates, mid-sized enterprises and public authorities are estimated to record a CAGR³ of 6.5 percent from 2015–2020, or more than 122 billion wholesale transactions.

Global non-cash transaction volumes grew 11.2 percent to reach 433.1 billion during 2014-2015, the highest growth in a decade. Developing markets drove this growth with a 21.6 percent increase. Mature markets increased by 6.8 percent, a nominal rise of over 6 percent in 2014.