Digital Payments Snapshot, 2017

The payments arena is increasingly digital and increasingly mobile. Retail spend continues to migrate from the physical storefront to online checkout; money transfers, for so long the preserve of MTOs (Money Transfer Operators) such as Western Union and MoneyGram, has been galvanised by the emergence of pureplay digital operators; in emerging markets, mobile has become a key enabler of financial inclusivity.

This infographic shows a snapshot of the digital payments market in 2017. 
  • The total value of digital payments is expected to reach $3.85 trillion this year, up by 14% on 2016.
  • On a regional basis, Far East & China will account for the largest share of transaction values over the next 5 years, due primarily to the recent surge in eRetail engendered by the success of Alibaba in mainland China.
  • While the bulk of transaction value in 2017 (55%) will be accounted for by online retail purchases for physical goods, P2P money transfers will have the largest year-on-year net increase in value ($200 billion). The US will see particularly strong growth, with the bank-backed Zelle Network expected to build on its successful debut in 2016 as additional banks come on board.

Related Research

    Press Releases

      No data found

    Embed our infographic in your page

    You can embed our statistics in your page. Choose a script that matches your needs from the three below and paste it into your site. Please also include a link to this page as a reference

    Responsive Async



    What about purchasing a subscription?

    Unlimited access to our research catalogue and data