Account-to-account (A2A) payments are forecast to grow by a CAGR of 14 percent between 2023 and 2027, becoming an important alternative payment method. A2A or account-to-account payments refers to direct payments from one party to the other without the need for an intermediary. Such intermediaries are card rails from the likes of Visa and Mastercard. An important example of an A2A application in Latin America is Brazil's Pix – an app developed by the country's central bank and one of the world's main brands using real-time payments technology.
Value and share of A2A payments in consumer (B2C) transactions in global e-commerce in 2023, with a forecast for 2027
Characteristic
Transaction value at e-commerce merchants (in billion U.S. dollars)
Share of global e-commerce transaction value (%)
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Statista, & Worldpay. (March 21, 2024). Value and share of A2A payments in consumer (B2C) transactions in global e-commerce in 2023, with a forecast for 2027 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1448586/a2a-payments-in-online-shopping/
Statista, und Worldpay. "Value and share of A2A payments in consumer (B2C) transactions in global e-commerce in 2023, with a forecast for 2027." Chart. March 21, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1448586/a2a-payments-in-online-shopping/
Statista, Worldpay. (2024). Value and share of A2A payments in consumer (B2C) transactions in global e-commerce in 2023, with a forecast for 2027. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1448586/a2a-payments-in-online-shopping/
Statista, and Worldpay. "Value and Share of A2a Payments in Consumer (B2c) Transactions in Global E-commerce in 2023, with a Forecast for 2027." Statista, Statista Inc., 21 Mar 2024, https://www.statista.com/statistics/1448586/a2a-payments-in-online-shopping/
Statista & Worldpay, Value and share of A2A payments in consumer (B2C) transactions in global e-commerce in 2023, with a forecast for 2027 Statista, https://www.statista.com/statistics/1448586/a2a-payments-in-online-shopping/ (last visited July 22, 2024)
Value and share of A2A payments in consumer (B2C) transactions in global e-commerce in 2023, with a forecast for 2027 [Graph], Statista, & Worldpay, March 21, 2024. [Online]. Available: https://www.statista.com/statistics/1448586/a2a-payments-in-online-shopping/
