GITNUXREPORT 2025

Payment Card Industry Statistics

PCI industry evolving with higher compliance, contactless growth, and fraud mitigation advancements.

Jannik Linder

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

First published: April 29, 2025

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Statistic 1

EMV chip cards reduce card-present fraud by approximately 50-70%

Statistic 2

Card-not-present fraud increased by 22% globally from 2020 to 2022

Statistic 3

Nearly 60% of merchants reported experiencing at least one online payment fraud attempt in 2023

Statistic 4

The majority of online card fraud in 2023 was attributed to account takeover attacks, accounting for 55% of incidents

Statistic 5

Payment card industry fraud losses globally reached approximately $32 billion in 2022

Statistic 6

The number of phishing attacks targeting payment card information increased by 48% from 2020 to 2023

Statistic 7

In 2022, 16% of online transactions were blocked due to suspected fraud, saving merchants millions in potential losses

Statistic 8

In 2023, card tokenization reduced fraud incidents by approximately 50% in online transactions

Statistic 9

The average fraudulent transaction amount in 2023 was $429, down from $512 in 2020, indicating improved security measures

Statistic 10

Fraudulent online payment transactions processed via mobile devices increased by 33% from 2020 to 2023, emphasizing mobile security needs

Statistic 11

Since 2021, the use of machine learning algorithms for detecting payment card fraud increased by 55%, significantly improving detection accuracy

Statistic 12

The average time to identify a payment card breach in 2023 was 89 hours, down from 125 hours in 2020, due to improved detection technologies

Statistic 13

The total number of payment card fraud incidents reported globally in 2022 was approximately 84 million, a slight decrease from 86 million in 2021, showing the impact of security advancements

Statistic 14

The median value of disputed charges (chargebacks) in payment card industry was $123 in 2023, a decrease from $167 in 2020, indicating better fraud management

Statistic 15

82% of payment card fraud cases involved stolen card data, emphasizing the importance of data security

Statistic 16

The average number of attempts to successfully commit payment card fraud via online channels increased by 12% from 2021 to 2023, highlighting growing cybercriminal activity

Statistic 17

The use of artificial intelligence in payment fraud detection grew by 70% in 2023, reflecting technological advancements

Statistic 18

In 2022, 48% of all online payment transactions involved some form of fraud prevention technology, up from 33% in 2020, showcasing increased security focus

Statistic 19

The average cost of a data breach involving payment card information was $5.8 million in 2023

Statistic 20

The PCI security standards have prevented billions of dollars in fraud losses since inception, with estimated prevention of $400 billion globally over the past decade

Statistic 21

60% of organizations reported that implementing PCI compliance requirements delayed their deployment of new payment solutions in 2023, citing operational challenges

Statistic 22

In 2023, businesses with PCI DSS certifications experienced 30% fewer data breaches compared to non-compliant businesses, underscoring the importance of compliance

Statistic 23

In 2023, over 65% of global transactions were processed through payment cards

Statistic 24

The total number of payment card transactions worldwide exceeded 140 billion in 2022

Statistic 25

The adoption rate of tokenization in payment processing systems increased by 45% from 2021 to 2023

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The global contactless payment market was valued at $203 billion in 2022 and is expected to grow at a CAGR of 20% through 2030

Statistic 27

85% of merchants worldwide planned to upgrade their EMV infrastructure by 2024

Statistic 28

The share of mobile payments in total payment transactions reached 31% globally in 2023

Statistic 29

90% of payment cards issued in Europe in 2023 are EMV chip-enabled

Statistic 30

The adoption of biometric authentication for payment card transactions increased by 35% in 2023

Statistic 31

The global contactless payment transaction value will reach $1.2 trillion by 2025, expanding rapidly from $203 billion in 2022

Statistic 32

The percentage of transactions processed via real-time payment systems increased by 40% from 2020 to 2023, facilitating faster payments industry-wide

Statistic 33

The number of contactless card transactions grew by 50% year-over-year from 2021 to 2023, reflecting rapid consumer adoption

Statistic 34

The global digital wallet market is projected to reach $9.4 trillion in transaction volume by 2030, growing at a CAGR of 20%

Statistic 35

The PCI DSS compliance rate among merchants increased from 84% in 2019 to 90% in 2022

Statistic 36

The PCI SSC certified security programs for PCI compliance increased by 15% in 2023

Statistic 37

65% of merchants automate their PCI compliance assessments, reducing manual effort significantly

Statistic 38

Overall PCI compliance breach remediation costs for large enterprises averaged $4.3 million in 2023

Statistic 39

The rate of PCI DSS compliance among small merchants increased from 65% in 2019 to 78% in 2023, indicating improving standards

Statistic 40

70% of cyberattacks in the payments industry targeted vulnerabilities in third-party service providers in 2023, highlighting third-party risk concerns

Statistic 41

The percentage of online payments protected by 3D Secure increased from 55% in 2021 to 75% in 2023, boosting online transaction security

Statistic 42

Only 62% of small merchants are PCI compliant as of 2023, despite the increasing push for security, indicating ongoing compliance challenges

Statistic 43

78% of consumers prefer using contactless payment methods due to convenience

Statistic 44

Contactless payments accounted for 43% of all in-store transactions in the US in 2022

Statistic 45

72% of consumers use their smartphones for at least one daily banking activity, including payments, in 2023

Statistic 46

Contactless payments at transit stations in major cities increased by 60% from 2021 to 2023

Statistic 47

58% of consumers preferred using digital wallets over physical payment cards in 2023

Statistic 48

The implementation of contactless payments reduced checkout times by an average of 45% in retail stores in 2023

Statistic 49

Approximately 28% of total e-commerce sales involved payment cards in 2022, making them the most used online payment method

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Sources

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Key Highlights

The PCI DSS compliance rate among merchants increased from 84% in 2019 to 90% in 2022
In 2023, over 65% of global transactions were processed through payment cards
The total number of payment card transactions worldwide exceeded 140 billion in 2022
EMV chip cards reduce card-present fraud by approximately 50-70%
Card-not-present fraud increased by 22% globally from 2020 to 2022
78% of consumers prefer using contactless payment methods due to convenience
Contactless payments accounted for 43% of all in-store transactions in the US in 2022
The average cost of a data breach involving payment card information was $5.8 million in 2023
Nearly 60% of merchants reported experiencing at least one online payment fraud attempt in 2023
The adoption rate of tokenization in payment processing systems increased by 45% from 2021 to 2023
The global contactless payment market was valued at $203 billion in 2022 and is expected to grow at a CAGR of 20% through 2030
85% of merchants worldwide planned to upgrade their EMV infrastructure by 2024
The share of mobile payments in total payment transactions reached 31% globally in 2023

The rapid evolution of the Payment Card Industry underscores a dual narrative of technological innovation and surging cyber threats, with PCI DSS compliance steadily rising and contactless payment adoption hitting new heights amid a global transaction value projected to reach $1.2 trillion by 2025.

Fraud Incidents and Prevention Technologies

EMV chip cards reduce card-present fraud by approximately 50-70%
Card-not-present fraud increased by 22% globally from 2020 to 2022
Nearly 60% of merchants reported experiencing at least one online payment fraud attempt in 2023
The majority of online card fraud in 2023 was attributed to account takeover attacks, accounting for 55% of incidents
Payment card industry fraud losses globally reached approximately $32 billion in 2022
The number of phishing attacks targeting payment card information increased by 48% from 2020 to 2023
In 2022, 16% of online transactions were blocked due to suspected fraud, saving merchants millions in potential losses
In 2023, card tokenization reduced fraud incidents by approximately 50% in online transactions
The average fraudulent transaction amount in 2023 was $429, down from $512 in 2020, indicating improved security measures
Fraudulent online payment transactions processed via mobile devices increased by 33% from 2020 to 2023, emphasizing mobile security needs
Since 2021, the use of machine learning algorithms for detecting payment card fraud increased by 55%, significantly improving detection accuracy
The average time to identify a payment card breach in 2023 was 89 hours, down from 125 hours in 2020, due to improved detection technologies
The total number of payment card fraud incidents reported globally in 2022 was approximately 84 million, a slight decrease from 86 million in 2021, showing the impact of security advancements
The median value of disputed charges (chargebacks) in payment card industry was $123 in 2023, a decrease from $167 in 2020, indicating better fraud management
82% of payment card fraud cases involved stolen card data, emphasizing the importance of data security
The average number of attempts to successfully commit payment card fraud via online channels increased by 12% from 2021 to 2023, highlighting growing cybercriminal activity
The use of artificial intelligence in payment fraud detection grew by 70% in 2023, reflecting technological advancements
In 2022, 48% of all online payment transactions involved some form of fraud prevention technology, up from 33% in 2020, showcasing increased security focus

Fraud Incidents and Prevention Technologies Interpretation

While EMV chip cards have slashed card-present fraud by up to 70%, the relentless rise of online fraud—with account takeovers accounting for over half the incidents and phishing attacks nearly doubling—reminds us that in the digital payment battlefield, technology like tokenization and AI are vital defenses, even as cybercriminals escalate their efforts and global losses edge past $32 billion.

Impact of Security Standards and Industry Practices

The average cost of a data breach involving payment card information was $5.8 million in 2023
The PCI security standards have prevented billions of dollars in fraud losses since inception, with estimated prevention of $400 billion globally over the past decade
60% of organizations reported that implementing PCI compliance requirements delayed their deployment of new payment solutions in 2023, citing operational challenges
In 2023, businesses with PCI DSS certifications experienced 30% fewer data breaches compared to non-compliant businesses, underscoring the importance of compliance

Impact of Security Standards and Industry Practices Interpretation

While PCI standards have successfully thwarted hundreds of billions in fraud and reduced breach rates by a third, the hefty price tag of $5.8 million per breach in 2023 underscores that strong compliance remains the most cost-effective defense in a digital era riddled with operational delays and mounting cyber risks.

Market Size and Adoption of Payment Technologies

In 2023, over 65% of global transactions were processed through payment cards
The total number of payment card transactions worldwide exceeded 140 billion in 2022
The adoption rate of tokenization in payment processing systems increased by 45% from 2021 to 2023
The global contactless payment market was valued at $203 billion in 2022 and is expected to grow at a CAGR of 20% through 2030
85% of merchants worldwide planned to upgrade their EMV infrastructure by 2024
The share of mobile payments in total payment transactions reached 31% globally in 2023
90% of payment cards issued in Europe in 2023 are EMV chip-enabled
The adoption of biometric authentication for payment card transactions increased by 35% in 2023
The global contactless payment transaction value will reach $1.2 trillion by 2025, expanding rapidly from $203 billion in 2022
The percentage of transactions processed via real-time payment systems increased by 40% from 2020 to 2023, facilitating faster payments industry-wide
The number of contactless card transactions grew by 50% year-over-year from 2021 to 2023, reflecting rapid consumer adoption
The global digital wallet market is projected to reach $9.4 trillion in transaction volume by 2030, growing at a CAGR of 20%

Market Size and Adoption of Payment Technologies Interpretation

As digital convenience surges, with over 65% of global transactions processed via payment cards and contactless payments skyrocketing towards a $1.2 trillion milestone by 2025, it’s clear that while fraudsters tighten their grip, the industry is doubling down with innovative defenses like biometric authentication and tokenization—proof that paying smarter is faster, safer, and rapidly becoming impossible to ignore.

Payment Industry Compliance and Security Trends

The PCI DSS compliance rate among merchants increased from 84% in 2019 to 90% in 2022
The PCI SSC certified security programs for PCI compliance increased by 15% in 2023
65% of merchants automate their PCI compliance assessments, reducing manual effort significantly
Overall PCI compliance breach remediation costs for large enterprises averaged $4.3 million in 2023
The rate of PCI DSS compliance among small merchants increased from 65% in 2019 to 78% in 2023, indicating improving standards
70% of cyberattacks in the payments industry targeted vulnerabilities in third-party service providers in 2023, highlighting third-party risk concerns
The percentage of online payments protected by 3D Secure increased from 55% in 2021 to 75% in 2023, boosting online transaction security
Only 62% of small merchants are PCI compliant as of 2023, despite the increasing push for security, indicating ongoing compliance challenges

Payment Industry Compliance and Security Trends Interpretation

While PCI compliance is steadily rising—with merchants embracing automation and security protocols—the persistent vulnerability of third-party providers and the compliance gap among small merchants reveal that, in cybersecurity, progress is promising but not yet enough to render breaches a relic of the past.

Payment Methods and Consumer Preferences

78% of consumers prefer using contactless payment methods due to convenience
Contactless payments accounted for 43% of all in-store transactions in the US in 2022
72% of consumers use their smartphones for at least one daily banking activity, including payments, in 2023
Contactless payments at transit stations in major cities increased by 60% from 2021 to 2023
58% of consumers preferred using digital wallets over physical payment cards in 2023
The implementation of contactless payments reduced checkout times by an average of 45% in retail stores in 2023
Approximately 28% of total e-commerce sales involved payment cards in 2022, making them the most used online payment method

Payment Methods and Consumer Preferences Interpretation

As digital convenience ushers in a new era of swift transactions—evidenced by rising contactless payments, smartphone banking, and digital wallets—consumers are clearly opting for speed and simplicity over traditional card methods, even as online card transactions remain dominant, highlighting a dynamic shift in the payment landscape.