Fees on both consumer and commercial payments were responsible for more than one-third of total payments revenue in Europe, the Middle East, and Africa in 2023. The source compares the region to the world overall: Commercial made up 52 percent of global payments revenue, compared to 48 percent for consumer payments in 2023. This distribution was slightly bigger in EMEA, with commercial-driven payments making up 57 percent of overall revenue and 43 percent of consumer payments.
Total payments revenue in Europe, Middle East, and Africa (EMEA) from 2014 to 2023, by customer segment and product delivered
(in billion U.S. dollars)
Characteristic
Commercial: Cross-border payment services (B2B, B2C) and documentary trade finance
Commercial: Net interest income on current accounts and overdrafts
Commercial: Fee revenues on domestic payment transactions and account maintenance (excluding credit cards)
Commercial: Credit cards
Consumer: Remittance services and C2B cross-border payment services
Consumer: Net interest income on current accounts and overdrafts
Consumer: Fee revenues on domestic payment transactions and account maintenance (excluding credit cards)
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Total payments revenue in Europe, Middle East, and Africa (EMEA) from 2014 to 2023, by customer segment and product delivered
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Statista, & McKinsey & Company. (October 18, 2024). Total payments revenue in Europe, Middle East, and Africa (EMEA) from 2014 to 2023, by customer segment and product delivered (in billion U.S. dollars) [Graph]. In Statista. Retrieved May 13, 2025, from https://www.statista.com/statistics/1418642/emea-payments-revenue-by-segment-and-type/
Statista, und McKinsey & Company. "Total payments revenue in Europe, Middle East, and Africa (EMEA) from 2014 to 2023, by customer segment and product delivered (in billion U.S. dollars)." Chart. October 18, 2024. Statista. Accessed May 13, 2025. https://www.statista.com/statistics/1418642/emea-payments-revenue-by-segment-and-type/
Statista, McKinsey & Company. (2024). Total payments revenue in Europe, Middle East, and Africa (EMEA) from 2014 to 2023, by customer segment and product delivered (in billion U.S. dollars). Statista. Statista Inc.. Accessed: May 13, 2025. https://www.statista.com/statistics/1418642/emea-payments-revenue-by-segment-and-type/
Statista, and McKinsey & Company. "Total Payments Revenue in Europe, Middle East, and Africa (Emea) from 2014 to 2023, by Customer Segment and Product Delivered (in Billion U.S. Dollars)." Statista, Statista Inc., 18 Oct 2024, https://www.statista.com/statistics/1418642/emea-payments-revenue-by-segment-and-type/
Statista & McKinsey & Company, Total payments revenue in Europe, Middle East, and Africa (EMEA) from 2014 to 2023, by customer segment and product delivered (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1418642/emea-payments-revenue-by-segment-and-type/ (last visited May 13, 2025)
Total payments revenue in Europe, Middle East, and Africa (EMEA) from 2014 to 2023, by customer segment and product delivered (in billion U.S. dollars) [Graph], Statista, & McKinsey & Company, October 18, 2024. [Online]. Available: https://www.statista.com/statistics/1418642/emea-payments-revenue-by-segment-and-type/
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