Non-cash Payments Volume
Global non-cash transactions grew at 10.1% to reach 482.6 billion during 2015-2016. In the WPR 2018, we estimate that global non-cash transaction volumes will record a CAGR of 12.7% during 2016–2021E. Developing markets are expected to boost the global growth rate of non-cash transaction volumes with a sustained CAGR of 21.6% during this period, while mature markets are expected to grow by a modest 6.7%. Europe, including the Eurozone, is expected to witness a stable growth of 6.5% over the next five years.
Non-cash Transactions Globally & Regionally
Global non-cash transaction volumes grew at 10.1% in 2016 to reach 482.6 billion. Emerging Asia (25.2%) and CEMEA (17.1%) were the chief drivers of this growth. Growth rates accelerated in developing markets to reach 16.5%, fueled by governments’ efforts to increase financial inclusion, and the increasing adoption of mobile payments, particularly in India (33.2%), China (25.8%) and South Africa (15.1%). Mature markets including mature APAC, North America, and Europe witnessed a stable growth rate of 7.1%. Non-cash transactions are estimated to grow at an accelerating compound annual growth rate (CAGR) of 12.7% globally with emerging markets growing at 21.6% from 2016-21. Emerging markets that now account for about one-third of global non-cash transaction volume are expected to contribute nearly half of the global volume in 2021.
Number of Worldwide Non-Cash Transactions (Billions), by Region, 2012-2016
World Payments Report 2018
The World Payments Report 2018 from Capgemini and BNP Paribas is the leading source for data, trends and insights on global and regional non-cash payments, the key regulatory and industry initiatives (KRIIs), and today’s dynamic payments environment. It explores how emerging technologies can help banks become anchors of a new payments ecosystem and offer new value-added services to customers, including corporate treasurers.Download now