World Payment report 2019
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REPORT
DIGITAL

World Payments Report 2019

Dive into the report that shows the trends and insights of cashless payments and open banking within 2019.

Key findings of the report include:

Growth of non-cash payments is set to skyrocket

  • In 2017, these markets accounted for 35% of global growth, a share expected to rise to 50% in the coming years. Key contributors include Russia, where non-cash transactions grew by 40% in 2017, India (39%) and China (35%).
  • By contrast, mature markets including APAC, Europe and North America saw a steadier growth rate of 7%. Globally, non-cash transaction volume rose by 12% in 2016-17 to 539 billion.
  • Debit cards were the fastest-growing non-cash payment instrument, with transactions up by 17% in 2017, ahead of credit cards (11%) and credit transfers (10%).

Market incumbents are wary of Open Banking, and new competition

  • Less than half (48%) of those surveyed in the report said they are planning to use open APIs beyond the level needed for regulatory compliance.
  • While a clear majority (63%) identified BigTech competitors leveraging their global reach, brand equity, customer trust, great customer experience and finally payments infrastructure as a leading threat.

View the full report here

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Contact
  • Maria Søndergaard
    Maria Søndergaard
    Director, Market Segment East
    +45 52189297