News

Capgemini World Payments Report 2021 - Next Gen Payments, Digital Demand Increasing

As use of alternative payments is skyrocketing, banks must urgently embrace the next generation of payments to stay in the race.  Report finds that…

Michael Webb | October 07, 2021

As use of alternative payments is skyrocketing, banks must urgently embrace the next generation of payments to stay in the race.

 Report finds that by 2025, instant payments and e-money payments will account for more than 25% of global non-cash transactions, up from 14.5% in 2020.

Payments are entering a new experience-driven era ushered in by an accelerated transformation timeline due to COVID-19 and the growing digital appetite of customers, according to the World Payments Report 2021 published today by Capgemini. With the Asia Pacific region leading the global pack, the demand for digital payment options is greater than ever before, along with the expectations for fast transaction settlements, instant payments, e-money, failsafe security, and wow-factor customer experience.

To continue reading, become an ALM digital reader

Benefits include:

Complimentary access to Consulting Magazine Online and digital edition

Bi-monthly digital newsletter delivered to your inbox

1 free article* every 30 days to Consulting Magazine's sister publications

Exclusive discounts on events and publications produced by ALM

Already have an account? Sign In

Terms of UsePrivacy Policy

Copyright © 2023 ALM Global, LLC. All Rights Reserved.