Global payment revenue before and after COVID-19

Published by Statista Research Department, Jun 13, 2023
According to McKinsey, global payment revenues after the coronavirus outbreak were expected to decrease by ten percent and amount to 1.86 trillion U.S. dollars in a muted recovery scenario. On the contrary, pre-COVID-19 estimations for 2020 showed that global payments revenues were to reach 2.17 trillion U.S. dollars.

Payment revenue in the light of coronavirus outbreak worldwide in 2019 and 2020 (in trillion U.S. dollars)

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Release date

March 2020

Region

Worldwide

Survey time period

2019

Supplementary notes

Global payment revenues include domestic (credit, charge, debit, and prepaid cards, bank transfers, direct debits, current accounts, and overdrafts) and cross-border (revenues from trade, nontrade, in-person spend, e-commerce, C2B cross-border payments, and B2C payouts) payments.

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