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Payment card acceptance set to surge by 40% to 85 million outlets worldwide
The latest cards research, Global Payment Cards Data and Forecasts to 2022, reveals that the number of card-accepting merchant outlets rose by an impressive 7 million in 2016 to 61 million. Double-digit growth was recorded across Asia-Pacific, central and eastern Europe and the Middle East and Africa. Despite recent strong growth, all three regions continue [...]
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Growth in global payment cards driven by expansion of banked population
Global Payment Cards Data and Forecasts shows that the Middle East and Africa (MEA) and Asia-Pacific were the fastest growing regions for payment cards in 2015, with card numbers up by 13% and 10% respectively. Underlying this double-digit growth are financial inclusion measures, such as digitalisation of salary and government benefit payments, which have yielded [...]
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