Consumer-based credit card transactions were worth about one-third of North America's total payments revenue in 2023, having increased by 21 percent. 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 the same year. This distribution was more pronounced in North America, with consumer-driven payments making up 65 percent of overall revenue, whereas commercial payments reached 35 percent. The source calls North America very much card-driven, possibly due to the importance of credit cards in the United States in POS and e-commerce.
Total payments revenue in North America 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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Statista, & McKinsey & Company. (October 18, 2024). Total payments revenue in North America from 2014 to 2023, by customer segment and product delivered (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 24, 2024, from https://www.statista.com/statistics/1418651/north-america-payments-revenue-by-segment-and-type/
Statista, und McKinsey & Company. "Total payments revenue in North America from 2014 to 2023, by customer segment and product delivered (in billion U.S. dollars)." Chart. October 18, 2024. Statista. Accessed December 24, 2024. https://www.statista.com/statistics/1418651/north-america-payments-revenue-by-segment-and-type/
Statista, McKinsey & Company. (2024). Total payments revenue in North America from 2014 to 2023, by customer segment and product delivered (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 24, 2024. https://www.statista.com/statistics/1418651/north-america-payments-revenue-by-segment-and-type/
Statista, and McKinsey & Company. "Total Payments Revenue in North America 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/1418651/north-america-payments-revenue-by-segment-and-type/
Statista & McKinsey & Company, Total payments revenue in North America from 2014 to 2023, by customer segment and product delivered (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1418651/north-america-payments-revenue-by-segment-and-type/ (last visited December 24, 2024)
Total payments revenue in North America 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/1418651/north-america-payments-revenue-by-segment-and-type/
