Revenue in payments industry worldwide 2018-2023 with 2028 forecast, by region

Published by
Raynor de Best,
Dec 17, 2024

Latin America, followed by the Middle East and Africa, are forecast to see the highest growth in payments revenue after 2023, with Europe seeing the least. This is according to a model that aims to map out the global payments revenue across the different regions in the world. Latin America had a CAGR of 8.6 percent between 2023 and 2028, over a CAGR of 2.9 percent for North America. The source highlighted both North America and Europe, as both their projected CAGR between 2023 and 2028 was significantly smaller than in the period 2018 to 2023. Asia-Pacific is predicted to reach a payments revenue of nearly 720 billion U.S. dollars by 2028.

Transaction revenue of the payments industry worldwide in 2018 and 2023with a forecast for 2028, by region (in billion U.S. dollars)

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Release date

October 2024

Region

Worldwide

Survey time period

October 2024

Special properties

Figures include both transaction-related and non-transaction-related revenues

Supplementary notes

The source adds: "Transaction-related revenues include revenues from transactions made with cards or with non-card payment instruments. Non-transaction-related revenues include revenues from interest income related to deposits, overdrafts, and revolving credit cards, as well as fee income from card and current account maintenance and value-added services. Deposit revenues include revenues from checking and sight deposits. Term and savings deposits are not included in the model"

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Statistics on " Payments in Europe "

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Other statistics that may interest you Payments in Europe

Cash(less)

6

(Credit) cards

6

Issuers, acquirers, gateways

6

Alternative payment methods (APMs)

8

Cross-border payments

6

Remittances

6

Miscellaneous

5

Outlook

4

Further related statistics

3

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Topics

Digital payments trends across EuropeMobile payments with digital walletsA2A (account-to-account) paymentsDigital payments landscape in SpainDigital payments landscape in Sweden
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