Methodology for global non-cash transactions volume data in WPR 2020
The World Payments Report 2020 offers insights across 44 payments markets within various geographical regions. For worldwide macro descriptive graphs, we defined six regions: Europe, North America, Mature Asia-Pacific, Emerging Asia, Latin America, and Middle East and Africa, grouped by geographic, economic, and non-cash payment market maturity criteria.
North America: Canada and the United States.
Europe: 31 markets: Austria, Belgium, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania,Luxembourg, Malta, the Netherlands, Norway, Poland, Portugal, Romania, Russia, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey, Ukraine, the United Kingdom, and other CE markets.
Mature Asia-Pacific: Australia, Japan, Singapore, and South Korea.
Emerging Asia: China, Hong Kong, India, and other Asian markets.
Latin America: Brazil, Mexico, and other Latin American markets.
Middle East and Africa: South Africa, Saudi Arabia, and other MEA markets.
Because of a lack of reliable historical trend information, the data for some countries were estimated and grouped under the appropriate regional heading: other Asian markets, other Latin American markets, or other MEA markets.
Methodology to estimate 2019 to 2023 non-cash transactions volume
We have included estimations for global non-cash transaction volume – which include check, debit card, credit card, credit transfer, and direct debit transactions – from 2019 through 2023. The estimates were calculated using our proprietary forecast model.
The model is bottom-up, based on the non-cash transaction volume trends and estimates for each of the countries in-scope, and also takes into account factors such as historical growth rates of non-cash instruments at a country-level, the local regulatory environment, and certain macroeconomic factors that can affect the growth of non-cash payments in a region.
Primary research methodology