Global Card Payments Volume Could Exceed $450B In 2017

Digital payments will take a great leap forward in 2017, with global non-cash transaction volumes predicted to grow between 10% and 15%, potentially surpassing $450 billion.

Four factors that will drive digital payment growth in 2017 include:

  • Increased card penetration;
  • Improved security measures, such as encryption, tokenization and biometrics;
  • Growing adoption of mobile payments; and
  • Regulatory intervention.

Developing markets are likely to have the greatest influence on the growth of digital payment and may see increases as high as 15% to 20%. Learn more about what’s in store for payments in this infographic from Transaction Network Services.

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IG TransactionNetworkServices 6.27.17

Source: Transaction Network Services

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