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Global payments revenue to double from $1.1 trillion to $2.4 trillion in 2027
Global payments remain one of the brightest spots in the financial services universe. Propelled by positive macroeconomic tailwinds, continuing technological advances, and expanding digital and non-cash mechanisms, global payments businesses... more
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Online card payments set to more than double by 2022
The number of card payments made online worldwide is set to jump from 29 billion in 2016 to 70 billion in 2022, according to Global Payment Cards Data and Forecasts to 2022, an annual survey of global payment cards. The RBR analysis reveals that the total number of e‑commerce card payments made worldwide in 2016 [...]
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Global card payments set to rise by more than half to 500bn by 2022
The total number of card payments worldwide increased by 14% to 310 billion in 2016, notably higher than the 8% increase in card numbers, according to RBR’s Global Payment Cards Data and Forecasts to 2022. In all regions, consumers are increasingly choosing cards to make purchases. The report found that while growth in the number of [...]
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Card payments worldwide set to increase 55% to 417 billion
According to Global Payment Cards Data and Forecasts to 2021, the total number of card payments worldwide increased by 15% in 2015 to 270 billion, almost double the 8% rise in card numbers. The research indicates that consumers around the world are increasingly turning to cards to make purchases. In Thailand, for example, a central [...]
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Charging for credit and debit cards – the norm under new rules?
New standards on how much businesses can surcharge their customers for credit and debit card purchases start in September. However, it’s not clear how the rules will be policed and whether this will lead to all businesses enforcing a surcharge, rather than just those who choose to. The Reserve Bank of Australia (RBA) has revised the [...]
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