Cashless payments distribution 2027

Alternative payment methods are expected to grow faster between 2022 and 2027 than payments performed with cards. Credit and debit cards are set to remain the biggest digital payment method within both point-of-sale (POS) and e-commerce, but growth is set to slow down, especially in an offline environment. Alternative payment methods — or APMs, as the source calls them — can be any form of noncash payment that does not involve a credit or debit card. This can include mobile wallets but also buy now, pay later, or payments performed with cryptocurrency or stablecoins. It is a broad category that can include many payment technologies.

Value of cashless transactions - cards, including both credit cards and debit cards, and alternative payment methods - in offline and online B2C payments in 2022, with a forecast for 2027

Characteristic	Transaction value in trillion U.S. dollars (2022)	Transaction value in trillion U.S. dollars (2027)	CAGR 2022-2027
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Release date

September 2023

More information

Region

Worldwide

Survey time period

September 2023

Special properties

alternative payments are cashless payments performed without a credit card or debit. The source does not clarify "Other"

Supplementary notes

The transaction figures have been calculated by Statista.

The source adds: "BCG’s Global Payments Model 2023 does not include closed-loop intrawallet transactions, cash withdrawals from ATMs, trade finance revenues, and mobile money transactions. All forecasting is done at a constant foreign exchange rate. Because of rounding, not all segment percentages add up to 100%. Excludes cash transactions, bill payments, investment payments, and real estate payments."

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