Global Payments Market Report 2025: Trends, Adoption & the Future of Digital Transactions
Description
Credit/debit cards globally lead online payment preferences with over 40% usage while digital wallets comes in second with over 20% in 2024, according to the latest yStats.com report.
Global Digital Payments Market Poised to Cross USD 3 Trillion by 2028
By 2028, global payments revenue is set to exceed USD 3 trillion, with Asia-Pacific accounting for nearly 50%. Non-cash transactions will grow at more than +10% CAGR, reaching 3 trillion by 2028.
The Impact of Instant Payments and Digital Wallets on Consumer Spending
Instant payments are expected to rise from over 15% in 2023 to more than 20% of global transactions by 2028. Digital wallets continue to drive growth, with a over +60% YoY increase in Q3 2023. Credit cards remain dominant, accepted by more than 75% of businesses in 2024.
Cryptocurrency Usage in Payments Rises, Surpassing 560 Million Users
Cryptocurrency adoption is growing rapidly, with global crypto ownership up +30% YoY, exceeding 560 million users in 2024. Blockchain and DeFi are fueling innovation, with over 60% of respondents expressing interest in using digital currencies for payments.
AI-Driven Fraud Detection Enhances Payment Security and Efficiency
AI is strengthening fraud prevention, with Visa’s model preventing almost USD 30 billion in fraud annually. Mastercard’s AI solutions increase fraud detection accuracy by up to 300%. AI also boosts payment efficiency, raising transaction success rates for platforms like Adyen.
Global Digital Payments Market Poised to Cross USD 3 Trillion by 2028
By 2028, global payments revenue is set to exceed USD 3 trillion, with Asia-Pacific accounting for nearly 50%. Non-cash transactions will grow at more than +10% CAGR, reaching 3 trillion by 2028.
The Impact of Instant Payments and Digital Wallets on Consumer Spending
Instant payments are expected to rise from over 15% in 2023 to more than 20% of global transactions by 2028. Digital wallets continue to drive growth, with a over +60% YoY increase in Q3 2023. Credit cards remain dominant, accepted by more than 75% of businesses in 2024.
Cryptocurrency Usage in Payments Rises, Surpassing 560 Million Users
Cryptocurrency adoption is growing rapidly, with global crypto ownership up +30% YoY, exceeding 560 million users in 2024. Blockchain and DeFi are fueling innovation, with over 60% of respondents expressing interest in using digital currencies for payments.
AI-Driven Fraud Detection Enhances Payment Security and Efficiency
AI is strengthening fraud prevention, with Visa’s model preventing almost USD 30 billion in fraud annually. Mastercard’s AI solutions increase fraud detection accuracy by up to 300%. AI also boosts payment efficiency, raising transaction success rates for platforms like Adyen.
Table of Contents
105 Pages
- 1. Management Summary
- 2. Global Digital Payments Adoption and Trends
- 2.1. Key Takeaways
- 2.2. Digital Payments Adoption & Consumer Preferences
- Global: Digital Payments Adoption, Innovations and Consumer Preferences, January 2025 (Part 1 of 2)
- Global: Digital Payments Adoption, Innovations and Consumer Preferences, January 2025 (Part 2 of 2)
- Global: Online Payment Methods Preferred by Shoppers, in % of Respondents, 2024
- Global: Reasons for Online Shopping Cart Abandonment, in % of Respondents, 2024
- Global: Online Shopper Preferences for Account Creation, in % of Respondents, 2024
- Global: Importance of Delivery Providers in Online Shopping Decisions, by Country, in % of Respondents, 2024 (1 of 2)
- Global: Importance of Delivery Providers in Online Shopping Decisions, by Country, in % of Respondents, 2024 (2 of 2)
- 2.3. Regional Digital Payments Adoption
- USA: Digital Payments Adoption by Category: Online, in % of respondents, 2019, 2021, 2023-2024
- USA: Digital Payments Adoption by Category: In-App, in % of respondents, 2019, 2021, 2023-2024
- USA: Digital Payments Adoption by Category: In-Store, in % of respondents, 2019, 2021, 2023-2024
- USA: Digital Payments Adoption by Category, in % of respondents, 2024
- USA: Digital Wallets Adoption by Category: In-Store, in % of respondents, 2024
- USA: Digital Wallets Adoption by Category: Online, in % of respondents, 2024
- USA: Digital Wallets Adoption by Category: In-App, in % of respondents, 2024
- Europe: Digital Payments Adoption by Category, in % of respondents, 2024
- Europe: Digital Wallets Adoption by Category: In-Store, in % of Digital Payment Users, 2024
- Europe: Digital Wallets Adoption by Category: Online, in % of Digital Payment Users, 2024
- Europe: Digital Wallets Adoption by Category: In-App, in % of Digital Payment Users, 2024
- 3. Non-Cash Transactions Growth
- 3.1. Key Takeaways
- 3.2. Global and Regional Non-Cash Transactions Trends
- Global: Total Non-cash Transactions Volume, in volume trillions, 2018 & 2021-2024e & 2028f
- Asia-Pacific: Total Non-cash Transactions Volume, in volume billions, 2018 & 2021-2024e & 2028f
- North America: Total Non-cash Transactions Volume, in volume billions, 2018 & 2021-2024e & 2028f
- Europe: Total Non-cash Transactions Volume, in volume billions, 2018 & 2021-2024e & 2028f
- Latin America: Total Non-cash Transactions Volume, in volume billions, 2018 & 2021-2024e & 2028f
- MEA: Total Non-cash Transactions Volume, in volume billions, 2018 & 2021-2024e & 2028f
- 3.3. Global and Regional B2B Non-Cash Transactions Trends
- Global: Total Non-cash Transactions Volume, in volume billions, 2018 & 2021-2024e & 2028f
- Asia-Pacific: Total Non-cash Transactions Volume, in volume billions, 2018 & 2021-2024e & 2028f
- North America: Total Non-cash Transactions Volume, in volume billions, 2018 & 2021-2024e & 2028f
- Europe: Total Non-cash Transactions Volume, in volume billions, 2018 & 2021-2024e & 2028f
- Latin America: Total Non-cash Transactions Volume, in volume billions, 2018 & 2021-2024e & 2028f
- MEA: Total Non-cash Transactions Volume, in volume billions, 2018 & 2021-2024e & 2028f
- 4. Global Payments Revenue and Market Value
- 4.1. Key Takeaways
- 4.2. Payments Revenue
- Global: Payments Revenue Value, in USD trillion, 2013, 2018, 2020- 2023, 2028f
- Global: Payments Revenue by Type, Commercial & Consumer in %, 2023
- Global: Payments Revenue by Type, Commercial & Consumer in %, by Region, 2023
- Global: Payments Revenue by Type, Commercial & Consumer in %, by Region, by Payment Type, 2023
- Asia-Pacific: Payments Revenue Value, in USD trillion, 2013, 2018, 2020- 2023
- Asia-Pacific: Payments Revenue by Type, Commercial & Consumer in %, 2018 & 2023
- North America: Payments Revenue Value, in USD trillion, 2013, 2018, 2020- 2023
- North America: Payments Revenue by Type, Commercial & Consumer in %, 2018 & 2023
- Europe, Middle East, and Africa: Payments Revenue Value, in USD trillion, 2013, 2018, 2020- 2023
- Europe, Middle East, and Africa: Payments Revenue by Type, Commercial & Consumer in %, 2018 & 2023
- Latin America: Payments Revenue Value, in USD trillion, 2013, 2018, 2020- 2023
- Latin America: Payments Revenue by Type, Commercial & Consumer in %, 2018 & 2023
- 4.3. U.S. Point-of-Sale Spend Trends
- USA: Total C2B¹ point-of-sale spend, in USD trillion, 2018-2023
- USA: Total C2B¹ point-of-sale spend by segment, in %, 2018-2023
- 4.4. Future Payment Revenue Projections
- Global: Payment Revenue Value, in USD trillion, 2027f
- Asia-Pacific: Share of Payment Revenue Value, in %, 2027f
- North America: Share of Payment Revenue Value, in %, 2027f
- EMEA: Share of Payment Revenue Value, in %, 2027f
- Latin America: Share of Payment Revenue Value, in %, 2027f
- 5. Global & Regional Payment Mix: Traditional vs. New Payments
- 5.1. Key Takeaways
- 5.2. Global and Regional Payment Mix Trends
- Global: Payment Mix: New Payments vs Traditional Payments, In % of transaction volume, 2023 & 2028f
- Global: Organizations Accepting Payment Methods, by Type, in %, 2022 & 2024
- Global: Payment Type Transactions, by Quarter, in % Year-Over-Year Change, Q4 2022 - Q3 2023
- APAC: Payment Mix: New Payments vs Traditional Payments, In %of transaction volume, 2023
- North America: Payment Mix: New Payments vs Traditional Payments, In % of transaction volume, 2023
- Europe: Payment Mix: New Payments vs Traditional Payments, In %of transaction volume, 2023
- Latin America: Payment Mix: New Payments vs Traditional Payments, In %of transaction volume, 2023
- Europe: Payment Mix: New Payments vs Traditional Payments, In %of transaction volume, 2023
- MEA: Payment Mix: New Payments vs Traditional Payments, In %of transaction volume, 2023
- 6. Cryptocurrency in Payments
- 6.1. Key Takeaways
- 6.2. Cryptocurrency Adoption and Trends
- Global: Share of Respondents Who Would Like to Be Able to Make Payments in Digital Currencies, in %, 2023
- Global: Type of Purchases Respondents Are Interested in Making With Crypto, in % of Respondents, 2023
- Global: Overview of the Cryptocurrency And Blockchain Market, January 2025
- 6.3. Cryptocurrency Ownership by Region
- Global: Number of Cryptocurrency Owners, in millions, 2023 & 2024e
- Asia: Number of Cryptocurrency Owners, in millions, 2023 & 2024e
- North America: Number of Cryptocurrency Owners, in millions, 2023 & 2024e
- Europe: Number of Cryptocurrency Owners, in millions, 2023 & 2024e
- Oceania: Number of Cryptocurrency Owners, in millions, 2023 & 2024e
- South America: Number of Cryptocurrency Owners, in millions, 2023 & 2024e
- Africa: Number of Cryptocurrency Owners, in millions, 2023 & 2024e
- 6.4. Consumer Behavior & Cryptocurrency
- Global: Share of Population That Owns And Uses Digital Currency, in %, 2024e
- Global: Share of Respondents Who Would Shop More Frequently at Their Preferred Online Stores If They Accepted Cryptocur., in %, 2023
- Global: Share of Respondents Who Would Spend More Online If Cryptocurrencies Were Accepted, in %, 2023
- 7. AI in Payments
- 7.1. Key Takeaways
- 7.2. Overview AI in Payments
- Global: Value of AI in Payments, in USD billion, 2023 & 2031f
- Global: Breakdown of Financial Service Companies’ Primary Strategy for Use of AI and ML, in %, Q1 2023
- 7.3. Generative AI and Fraud Prevention
- Global: Spend by Banks on Generative AI, in USD billion, 2024e & 2030f
- Global: Share of Financial Institutions Eyeing Generative AI Use For Fighting Fraud, in %, 2024e
- Global: AI-Driven Fraud Prevention and Risk Management in Financial Services, January 2025
- 7.4. Customer Experience and Future Innovations
- Global: AI-Optimized Payments, Risk Management, and Customer Experience, January 2025
- Global: AI Collaboration and Future Innovations in Payments, January 2025
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