GITNUXREPORT 2025

Electronic Payments Statistics

Digital payments surpass $35 trillion globally, transforming commerce and security.

Jannik Linder

Co-Founder of Gitnux, specialized in content and tech since 2016.

First published: April 29, 2025

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Statistic 1

70% of financial institutions worldwide invested in upgrading their digital payment infrastructure from 2020-2023

Statistic 2

The number of digital payment patents filed increased by 15% in 2022 as innovation accelerates

Statistic 3

Global electronic payment transactions are projected to reach $35.7 trillion in 2024

Statistic 4

The number of digital payment users worldwide is expected to surpass 4.4 billion in 2025

Statistic 5

The digital payments market is expected to grow at a CAGR of 13.7% from 2023 to 2030

Statistic 6

E-wallet transactions increased by 25% globally in 2022

Statistic 7

China leads the world with over 900 million mobile payment users as of 2023

Statistic 8

78% of global consumers prefer digital payments over cash

Statistic 9

The average number of digital payment transactions per user increased by 20% in Europe in 2023

Statistic 10

Approximately 25% of small and medium enterprises in emerging markets now accept digital payments, up from 12% in 2018

Statistic 11

The use of QR code payments increased by 30% globally in 2022

Statistic 12

By 2025, the Asia-Pacific region will account for nearly 65% of global digital payment transaction volume

Statistic 13

In 2023, approximately 65% of consumers in the US used their smartphones for mobile banking and payments

Statistic 14

The transaction volume for cryptocurrency-based electronic payments grew by 45% in 2022

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Contactless card usage increased globally by 54% in 2022

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In Africa, mobile money accounts reached 548 million in 2023, representing a 71% increase since 2017

Statistic 17

Digital payment subscriptions for online streaming and gaming apps doubled in 2022

Statistic 18

The size of the global contactless payment market is expected to reach $1.9 trillion by 2025

Statistic 19

Adoption of loyalty and rewards digital payment features increased by 30% in 2023

Statistic 20

The average fee charged to merchants for card-present transactions dropped by 12% globally from 2020 to 2023

Statistic 21

Cross-border digital payments increased by 12% in 2022, with Asia leading the growth

Statistic 22

The global mobile point-of-sale (mPOS) terminals market is projected to reach $519 million by 2026

Statistic 23

The use of blockchain technology in digital payments is projected to grow at a CAGR of 25% between 2023 and 2030

Statistic 24

Digital payments processed in Europe represented 45% of total consumer payment transactions in 2023

Statistic 25

The average transaction size for mobile money payments in Africa was $25 in 2023, with some countries reporting averages up to $45

Statistic 26

The contactless payments market share in retail stores in the US increased to 38% in 2023, from 29% in 2021

Statistic 27

The global remittance digital payment volume reached $702 billion in 2022, with an annual growth rate of 8%

Statistic 28

92% of online consumers globally used digital payment methods in 2023, targeting convenience and security

Statistic 29

The number of digital payment service providers increased by 33% from 2020 to 2023, enhancing variety and competition

Statistic 30

During 2022, open banking APIs facilitated a 22% increase in electronic payment transactions in Europe

Statistic 31

The use of prepaid digital cards surged by 50% in 2022, especially among young consumers preferring flexible spending options

Statistic 32

The global contactless payment card market is expected to be valued at $483 billion by 2027, growing at a CAGR of 9%

Statistic 33

Integration of digital payments in social media platforms increased by 45% in 2022, with platforms like Instagram and TikTok expanding payment features

Statistic 34

Brazil experienced a 38% increase in digital payment transactions in 2022, driven mainly by mobile banking adoption

Statistic 35

Digital payments processed through wearables increased by 28% globally in 2023, with smartwatches becoming increasingly popular for quick payments

Statistic 36

Mobile payments accounted for 58.4% of all e-commerce transactions in 2023

Statistic 37

In 2022, contactless payments made up 41% of all point-of-sale transactions globally

Statistic 38

The average transaction value for electronic payments in North America was $188 in 2023

Statistic 39

The average transaction completion time for electronic payments is under 2 seconds, improving user experience significantly

Statistic 40

The number of NFC (Near Field Communication) payment devices worldwide surpassed 1.2 billion in 2023

Statistic 41

The Asia-Pacific region led the world in e-wallet adoption, representing 60% of total digital wallet transactions in 2023

Statistic 42

85% of teenagers in urban areas globally used digital payments for their daily transactions in 2022

Statistic 43

Digital wallets are used for 75% of online shopping transactions in Southeast Asia in 2023, signifying regional preference

Statistic 44

The number of cyberattacks targeting electronic payment systems increased by 23% in 2022

Statistic 45

Digital payment fraud losses reached $43 billion in 2022 worldwide

Statistic 46

The adoption rate of biometric authentication for digital payments was 36% worldwide in 2022

Statistic 47

The average Surcharge on digital payments for businesses increased by 5% in 2022, due to rising fraud prevention costs

Statistic 48

The use of artificial intelligence to detect fraudulent transactions in digital payments increased by 40% in 2022

Statistic 49

Over 80% of new digital payment systems implemented globally in 2023 incorporated some form of biometric security

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Key Highlights

Global electronic payment transactions are projected to reach $35.7 trillion in 2024
The number of digital payment users worldwide is expected to surpass 4.4 billion in 2025
Mobile payments accounted for 58.4% of all e-commerce transactions in 2023
In 2022, contactless payments made up 41% of all point-of-sale transactions globally
The digital payments market is expected to grow at a CAGR of 13.7% from 2023 to 2030
The average transaction value for electronic payments in North America was $188 in 2023
E-wallet transactions increased by 25% globally in 2022
China leads the world with over 900 million mobile payment users as of 2023
The number of cyberattacks targeting electronic payment systems increased by 23% in 2022
Digital payment fraud losses reached $43 billion in 2022 worldwide
78% of global consumers prefer digital payments over cash
The adoption rate of biometric authentication for digital payments was 36% worldwide in 2022
The average number of digital payment transactions per user increased by 20% in Europe in 2023

Electronic payments are revolutionizing global commerce, with projections indicating a staggering $35.7 trillion in transactions for 2024 and over 4.4 billion users worldwide by 2025, as the industry accelerates at a compound annual growth rate of 13.7%, driven by innovations like mobile wallets, contactless technology, and biometric security.

Digital Payment Infrastructure and Technologies

70% of financial institutions worldwide invested in upgrading their digital payment infrastructure from 2020-2023
The number of digital payment patents filed increased by 15% in 2022 as innovation accelerates

Digital Payment Infrastructure and Technologies Interpretation

With 70% of financial institutions revamping their digital payment infrastructure and patent filings soaring by 15% in 2022, it's clear that the world is racing toward a cashless future where innovation is king and digital wallets reign supreme.

Market Growth and Adoption Trends

Global electronic payment transactions are projected to reach $35.7 trillion in 2024
The number of digital payment users worldwide is expected to surpass 4.4 billion in 2025
The digital payments market is expected to grow at a CAGR of 13.7% from 2023 to 2030
E-wallet transactions increased by 25% globally in 2022
China leads the world with over 900 million mobile payment users as of 2023
78% of global consumers prefer digital payments over cash
The average number of digital payment transactions per user increased by 20% in Europe in 2023
Approximately 25% of small and medium enterprises in emerging markets now accept digital payments, up from 12% in 2018
The use of QR code payments increased by 30% globally in 2022
By 2025, the Asia-Pacific region will account for nearly 65% of global digital payment transaction volume
In 2023, approximately 65% of consumers in the US used their smartphones for mobile banking and payments
The transaction volume for cryptocurrency-based electronic payments grew by 45% in 2022
Contactless card usage increased globally by 54% in 2022
In Africa, mobile money accounts reached 548 million in 2023, representing a 71% increase since 2017
Digital payment subscriptions for online streaming and gaming apps doubled in 2022
The size of the global contactless payment market is expected to reach $1.9 trillion by 2025
Adoption of loyalty and rewards digital payment features increased by 30% in 2023
The average fee charged to merchants for card-present transactions dropped by 12% globally from 2020 to 2023
Cross-border digital payments increased by 12% in 2022, with Asia leading the growth
The global mobile point-of-sale (mPOS) terminals market is projected to reach $519 million by 2026
The use of blockchain technology in digital payments is projected to grow at a CAGR of 25% between 2023 and 2030
Digital payments processed in Europe represented 45% of total consumer payment transactions in 2023
The average transaction size for mobile money payments in Africa was $25 in 2023, with some countries reporting averages up to $45
The contactless payments market share in retail stores in the US increased to 38% in 2023, from 29% in 2021
The global remittance digital payment volume reached $702 billion in 2022, with an annual growth rate of 8%
92% of online consumers globally used digital payment methods in 2023, targeting convenience and security
The number of digital payment service providers increased by 33% from 2020 to 2023, enhancing variety and competition
During 2022, open banking APIs facilitated a 22% increase in electronic payment transactions in Europe
The use of prepaid digital cards surged by 50% in 2022, especially among young consumers preferring flexible spending options
The global contactless payment card market is expected to be valued at $483 billion by 2027, growing at a CAGR of 9%
Integration of digital payments in social media platforms increased by 45% in 2022, with platforms like Instagram and TikTok expanding payment features
Brazil experienced a 38% increase in digital payment transactions in 2022, driven mainly by mobile banking adoption
Digital payments processed through wearables increased by 28% globally in 2023, with smartwatches becoming increasingly popular for quick payments

Market Growth and Adoption Trends Interpretation

As digital payments surge into the trillions and billions worldwide, it’s clear that cash is becoming the dinosaur of transactions, while fast, contactless, and mobile wallets are steadily transforming the planet into a cashless cosmos—though with regional nuances that make the payment universe more vibrant than a PayPal balance.

Mobile and Contactless Payments

Mobile payments accounted for 58.4% of all e-commerce transactions in 2023
In 2022, contactless payments made up 41% of all point-of-sale transactions globally
The average transaction value for electronic payments in North America was $188 in 2023
The average transaction completion time for electronic payments is under 2 seconds, improving user experience significantly
The number of NFC (Near Field Communication) payment devices worldwide surpassed 1.2 billion in 2023

Mobile and Contactless Payments Interpretation

With over half of e-commerce transactions now conducted through mobile payments and NFC devices surpassing 1.2 billion globally, it’s clear that electronic payments are not just a convenience but a rapidly accelerating financial revolution where speed, contactless ease, and digital integration are redefining how we spend.

Regional and Demographic Insights

The Asia-Pacific region led the world in e-wallet adoption, representing 60% of total digital wallet transactions in 2023
85% of teenagers in urban areas globally used digital payments for their daily transactions in 2022
Digital wallets are used for 75% of online shopping transactions in Southeast Asia in 2023, signifying regional preference

Regional and Demographic Insights Interpretation

With Asia-Pacific's e-wallet dominance and teenagers embracing digital payments worldwide, it's clear that cash is gracefully exiting the stage, leaving digital wallets as the new currency of choice—especially in Southeast Asia where online shopping is practically digital wallet’s salsa.

Security, Fraud, and Authentication

The number of cyberattacks targeting electronic payment systems increased by 23% in 2022
Digital payment fraud losses reached $43 billion in 2022 worldwide
The adoption rate of biometric authentication for digital payments was 36% worldwide in 2022
The average Surcharge on digital payments for businesses increased by 5% in 2022, due to rising fraud prevention costs
The use of artificial intelligence to detect fraudulent transactions in digital payments increased by 40% in 2022
Over 80% of new digital payment systems implemented globally in 2023 incorporated some form of biometric security

Security, Fraud, and Authentication Interpretation

As digital payment landscapes expand and innovate—with biometric and AI defenses on the rise—cybercriminals are simultaneously ratcheting up their attacks, making 2022 a stark reminder that in the world of electronic payments, security is more digital than ever.