Global non cash transactions are up 12% year over year, even as payment fraud attempts hit 23 billion in 2023 and losses reach billions in key markets. Against that pressure, electronic payments are still projected to surge, with the mobile payments segment forecast to reach $4.5 trillion by 2025 and e payments revenue expected to climb to $2.5 trillion by 2028.
Key Takeaways
- Global electronic payments market size reached $6.6 trillion in 2022
- Electronic payments projected to grow at 15.7% CAGR from 2023-2030
- Digital payments market valued at $111.2 billion in 2023
- North America holds 40% of global digital payments market
- Asia-Pacific digital payments to grow fastest at 17% CAGR
- China accounts for 50% of global mobile payments volume
- Payment fraud losses totaled $5.3 billion in US 2022
- Global payment fraud attempts hit 23 billion in 2023
- 1 in 300 e-commerce transactions fraudulent in 2023
- Global non-cash transactions totaled 1.3 trillion in 2022
- US credit card transactions hit 78 billion in 2022
- Mobile POS payments volume $1.8 trillion worldwide 2023
- 55% of global consumers used digital payments weekly in 2023
- Mobile wallet adoption at 52% among US adults in 2023
- 78% of millennials prefer electronic payments over cash
Global electronic payments grew to $6.6 trillion in 2022 and are set to rise quickly through 2030.
Related reading
01 · Category
Market Growth20 stats
01
Global electronic payments market size reached $6.6 trillion in 2022
02
Electronic payments projected to grow at 15.7% CAGR from 2023-2030
03
Digital payments market valued at $111.2 billion in 2023
04
Non-cash transactions increased by 12% YoY in 2023 globally
05
Mobile payments segment to reach $4.5 trillion by 2025
06
E-payments revenue expected to hit $2.5 trillion by 2028
07
Contactless payments market to grow to $20.7 billion by 2027
08
Digital wallet market size $210 billion in 2022
09
P2P payments market to expand at 20.5% CAGR to 2030
10
BNPL market reached $24 billion in transaction volume 2023
11
Electronic payments market size reached $6.6 trillion in 2022
12
Electronic payments projected to grow at 15.7% CAGR from 2023-2030
13
Digital payments market valued at $111.2 billion in 2023
14
Non-cash transactions increased by 12% YoY in 2023 globally
15
Mobile payments segment to reach $4.5 trillion by 2025
16
E-payments revenue expected to hit $2.5 trillion by 2028
17
Contactless payments market to grow to $20.7 billion by 2027
18
Digital wallet market size $210 billion in 2022
19
P2P payments market to expand at 20.5% CAGR to 2030
20
BNPL market reached $24 billion in transaction volume 2023
Interpretation
Market Growth Interpretation
The digital wallet is steadily emptying our physical ones, as these staggering figures reveal a global financial ecosystem that's sprinting towards a completely cashless horizon at breakneck speed.
02 · Category
Regional Insights11 stats
01
North America holds 40% of global digital payments market
02
Asia-Pacific digital payments to grow fastest at 17% CAGR
03
China accounts for 50% of global mobile payments volume
04
US electronic payments 89% of all transactions in 2022
05
India UPI handles 40% of global real-time payments
06
Europe contactless limit increased to €50, boosting usage 20%
07
Brazil Pix system 3.5 billion transactions monthly 2023
08
Africa mobile money accounts 1.1 billion registered 2023
09
UK real-time payments over 2 billion annually
10
Australia digital wallet adoption 70% of consumers
11
Middle East digital payments market $100 billion by 2025
Interpretation
Regional Insights Interpretation
While the US clings to its title as the digital payment heavyweight, the real global action is a chaotic sprint, from China's mobile dominance and India's instant transactions to Brazil's Pix phenomenon and Africa's billion mobile money accounts, proving the future of money is being written everywhere but in one single currency.
03 · Category
Security Metrics12 stats
01
Payment fraud losses totaled $5.3 billion in US 2022
02
Global payment fraud attempts hit 23 billion in 2023
03
1 in 300 e-commerce transactions fraudulent in 2023
04
Card-not-present fraud up 18% YoY to $12.5 billion globally
05
85% of organizations hit by payment fraud in 2023
06
Mobile payment fraud losses $48 billion projected by 2025
07
3.7% fraud rate in digital payments in emerging markets
08
Ransomware attacks on payment systems up 150% in 2023
09
Biometric authentication reduced fraud by 90% in trials
10
Account takeover fraud $6.8 billion loss in 2022 US
11
Synthetic identity fraud leading cause in payments, 30% of cases
12
EMV chip reduced counterfeit fraud by 87% in US
Interpretation
Security Metrics Interpretation
While our digital wallets are getting lighter, fraudsters are getting richer, as evidenced by the alarming rise in everything from mobile scams to synthetic identities, though innovations like biometrics and EMV chips offer a glimmer of hope in this costly arms race.
More related reading
04 · Category
Transaction Data10 stats
01
Global non-cash transactions totaled 1.3 trillion in 2022
02
US credit card transactions hit 78 billion in 2022
03
Mobile POS payments volume $1.8 trillion worldwide 2023
04
UPI transactions in India reached 117 billion in FY2023
05
Visa processed 237 billion transactions in FY2023
06
Global cross-border payments volume $150 trillion annually
07
Debit card transactions grew 8% to 102 billion in US 2022
08
PayPal processed $1.5 trillion in TPV 2023
09
Contactless transactions 50% of all card payments in Europe 2023
10
ACH payments in US 31 billion in 2022, value $76 trillion
Interpretation
Transaction Data Interpretation
We are swiping, tapping, and transferring our way into a truly cashless future, where staggering numbers like 117 billion UPI transactions in India or Visa’s 237 billion annual swipes underscore a financial revolution built on bits instead of bills.
05 · Category
User Adoption15 stats
01
55% of global consumers used digital payments weekly in 2023
02
Mobile wallet adoption at 52% among US adults in 2023
03
78% of millennials prefer electronic payments over cash
04
Digital payment adoption in India hit 85% in 2023
05
41% of Europeans use contactless cards daily
06
Smartphone users making mobile payments rose to 2.4 billion in 2023
07
67% of Gen Z uses digital wallets exclusively
08
Cash usage dropped to 16% of transactions in US 2023
09
90% of Chinese consumers use mobile payments daily
10
Adoption of digital payments in Africa reached 45% in 2023
11
55% of global consumers used digital payments weekly in 2023
12
Mobile wallet adoption at 52% among US adults in 2023
13
78% of millennials prefer electronic payments over cash
14
Digital payment adoption in India hit 85% in 2023
15
41% of Europeans use contactless cards daily
Interpretation
User Adoption Interpretation
The world's wallets are going on a digital diet, with cash increasingly looking like the nostalgic but rarely used guest at a dinner party paid for by smartphone.
Reference
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
APA
Stefan Wendt. (2026, February 13). Electronic Payments Statistics. Gitnux. https://gitnux.org/electronic-payments-statistics
MLA
Stefan Wendt. "Electronic Payments Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/electronic-payments-statistics.
Chicago
Stefan Wendt. 2026. "Electronic Payments Statistics." Gitnux. https://gitnux.org/electronic-payments-statistics.
Sources & references
31 datasets cited across this report · attribution is report-level