Ingenico Experts / Shaping the future of payment
China and India will lead growth in non-cash payments in Asia, which will increase by 31% by 2020.
Greater use of electronic payments could provide benefits of $470 billion across 100 cities included in a new Visa-commissioned study, a gain that is roughly 3% of their combined GDP.
Cash has long been king in Latin America, but e-payments are quickly picking up speed as locals are lured in by the ease of digital shopping.
Mobile commerce will account for almost half (48.5%) of all online sales by 2020
Sweden lays claims to be the most cashless country on earth, with coins and notes used in less than a fifth of transactions as everyone and everything from public transport to homeless people switch to card or mobile payments.
Researchers expect strong growth for contactless payments in the United States, despite the low adoption figures with American consumers.