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Digital Payments to Witness Aggressive Growth Globally – Study

The report also reveals a key challenge in the new payments ecosystem: the lack of standardization caused by national regulators’ different standards and individualized interpretations

Digital Payments

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).

A latest report, released by Capgemini, 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[1] and public authorities are estimated to record a CAGR of 6.5 percent from 2015 – 2020, or more than 122-billion wholesale transactions.


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Vikas Kumar

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