Recurring Payments Transactions to Exceed $15.4tn Globally in 2027

Wednesday, 2 August 2023
Fintech & Payments
Nick Maynard
VP of Fintech Market Research

Our latest recurring payments research found that the transaction value of recurring payments will exceed $15.4 trillion globally in 2027, from $13.2 trillion in 2023.

This relatively slow growth of 17% reflects that recurring payments are a well-established market, but also disguises a rapid change of payment methods in the space, with Open Banking and digital wallet payments outstripping overall growth. As merchants struggle to keep their prices as low as possible, offering payment methods with lower processing costs is of critical importance and is driving change, as it is growing consumer enthusiasm for digital payment methods.

Latest research, whitepapers & press releases