Projected global transaction value of Mobile POS payments by 2023.*
Projected global transaction value of Digital payments by 2023.*
Projected global transaction value of eCommerce payments by 2023.†
Some 420 billion transactions worth $7 trillion are anticipated to switch from cash to cards and digital payments by 2023, rising to US$48 trillion by 2030, according to November 2021 research by Accenture. The coronavirus pandemic has sped up the shift to digital payments “at a pace banks could not have predicted,” Sulabh Agarwal, who leads Accenture’s payments practice globally, said in a company statement.º