GITNUXREPORT 2026

Payment Industry Statistics

The global payments industry is rapidly expanding, driven by digital innovation and consumer preference for cashless options.

Rajesh Patel

Team Lead & Senior Researcher with over 15 years of experience in market research and data analytics.

First published: Feb 13, 2026

Our Commitment to Accuracy

Rigorous fact-checking · Reputable sources · Regular updatesLearn more

Statistic 1

76% of consumers prefer digital payments over cash.

Statistic 2

59% of global consumers use mobile wallets weekly.

Statistic 3

Contactless payments used by 83% of cardholders in UK.

Statistic 4

45% of Americans use BNPL services.

Statistic 5

Digital wallet adoption reached 52% globally in 2023.

Statistic 6

68% of Gen Z prefer cashless payments.

Statistic 7

NFC payments adoption at 70% in Europe.

Statistic 8

81% of online shoppers use cards.

Statistic 9

QR code payments used by 40% in Asia.

Statistic 10

Cash usage dropped to 16% of transactions in US.

Statistic 11

55% of merchants accept digital wallets.

Statistic 12

P2P payment apps used by 62% of adults.

Statistic 13

Subscription payments grew 417% since 2019.

Statistic 14

Voice payments expected adopted by 22% by 2026.

Statistic 15

73% prefer one-click checkout.

Statistic 16

Crypto payments accepted by 2% of merchants.

Statistic 17

Installment payments used in 28% of e-commerce.

Statistic 18

Global digital wallet users to reach 4.4 billion by 2025.

Statistic 19

Apple Pay has 500 million users worldwide.

Statistic 20

Pix in Brazil processed 3.5 billion transactions monthly.

Statistic 21

65% of consumers use contactless cards daily.

Statistic 22

Digital payments account for 75% of e-commerce.

Statistic 23

Global payment fraud losses $41 billion in 2022.

Statistic 24

Card-not-present fraud up 20% in 2023.

Statistic 25

25% of merchants hit by friendly fraud.

Statistic 26

Synthetic identity fraud $6 billion losses annually.

Statistic 27

Ransomware attacks on payments doubled in 2023.

Statistic 28

Account takeover fraud $12.7 billion globally.

Statistic 29

Payment fraud detection accuracy 95% with AI.

Statistic 30

Chargeback ratio averages 0.8%.

Statistic 31

Mobile payment scams up 33% in 2023.

Statistic 32

PSD2 SCA reduced fraud by 85% in Europe.

Statistic 33

Crypto scams $4.6 billion losses in 2023.

Statistic 34

Merchant fraud losses $100 billion yearly.

Statistic 35

Biometrics cut fraud 90% in trials.

Statistic 36

Global AML fines $5 billion in 2023.

Statistic 37

Deepfake fraud attempts rose 300%.

Statistic 38

Payment disputes cost merchants 1.5% revenue.

Statistic 39

3DS 2.0 blocks 90% fraudulent transactions.

Statistic 40

BNPL fraud up 48% in 2023.

Statistic 41

Velocity checks prevent 70% account fraud.

Statistic 42

Global cybercrime costs $8 trillion annually.

Statistic 43

Global digital payments revenue reached $9.46 trillion in 2023.

Statistic 44

The payment processing solutions market size was valued at USD 48.63 billion in 2023.

Statistic 45

Payments market in Europe is projected to grow by 7.8% from 2023 to 2028.

Statistic 46

U.S. payment market revenue expected to reach $3.4 trillion by 2027.

Statistic 47

Asia-Pacific digital payments market to grow at CAGR of 21.7% from 2023-2030.

Statistic 48

Global BNPL market size was $24 billion in 2023.

Statistic 49

Real-time payments market projected to reach $79 trillion by 2030.

Statistic 50

Contactless payment market size valued at $20.5 billion in 2022.

Statistic 51

Global payment gateway market to hit $74.6 billion by 2028.

Statistic 52

UPI transaction value in India crossed $1.5 trillion in 2023.

Statistic 53

Credit card market size globally $2.24 trillion in 2023.

Statistic 54

Embedded payments market to grow to $138 billion by 2026.

Statistic 55

Global POS terminals market $109.5 billion in 2023.

Statistic 56

Open banking market size $21.85 billion in 2023.

Statistic 57

Stablecoin market cap exceeded $150 billion in 2024.

Statistic 58

Global mobile POS market CAGR 15.2% to 2030.

Statistic 59

Blockchain in payments market $1.6 billion by 2028.

Statistic 60

AI in fraud detection saves $4.5 billion annually.

Statistic 61

Tokenization market $68 billion by 2027.

Statistic 62

5G to boost mobile payments by 40%.

Statistic 63

Biometric payments market $55 billion by 2027.

Statistic 64

Cloud payment processing market $25 billion in 2023.

Statistic 65

Embedded finance market $230 billion by 2025.

Statistic 66

Quantum computing threat to payments by 2035.

Statistic 67

SoftPOS adoption up 300% in 2023.

Statistic 68

ISO 20022 adoption 80% by 2025.

Statistic 69

Voice commerce sales $80 billion by 2025.

Statistic 70

AR/VR payments market $12 billion by 2028.

Statistic 71

Central Bank Digital Currencies piloted in 130 countries.

Statistic 72

Federated learning in payments reduces data breach risks.

Statistic 73

Super apps handle 90% payments in China.

Statistic 74

Programmable payments using smart contracts $10 trillion potential.

Statistic 75

3D Secure 2.0 adoption 90% in Europe.

Statistic 76

Payment orchestration platforms market $5.4 billion by 2028.

Statistic 77

Global card payments volume $47 trillion in 2023.

Statistic 78

U.S. debit card transactions hit 41.4 billion in 2022.

Statistic 79

Mobile wallet transactions worldwide 152 billion in 2023.

Statistic 80

Visa processed 253 billion transactions in fiscal 2023.

Statistic 81

Mastercard transactions reached 131 billion in 2023.

Statistic 82

PayPal processed $1.53 trillion in TPV in 2023.

Statistic 83

Alipay transactions volume $17 trillion in 2023.

Statistic 84

WeChat Pay TPV exceeded $17 trillion in 2023.

Statistic 85

Global e-commerce payments $6.3 trillion in 2023.

Statistic 86

RTP transactions in Europe 14.5 billion in 2023.

Statistic 87

Apple Pay transactions over 5 billion in 2023.

Statistic 88

Stripe processed $817 billion in 2023.

Statistic 89

Square (Block) GPV $210 billion in 2023.

Statistic 90

Adyen processed €1.2 trillion in 2023.

Statistic 91

Global cross-border payments $150 trillion annually.

1/91

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In a world where digital payments now drive nearly $10 trillion in global revenue annually, the silent infrastructure that powers our taps, clicks, and swipes is fundamentally reshaping commerce, security, and daily life.

Key Takeaways

Global digital payments revenue reached $9.46 trillion in 2023.
The payment processing solutions market size was valued at USD 48.63 billion in 2023.
Payments market in Europe is projected to grow by 7.8% from 2023 to 2028.
Global card payments volume $47 trillion in 2023.
U.S. debit card transactions hit 41.4 billion in 2022.
Mobile wallet transactions worldwide 152 billion in 2023.
76% of consumers prefer digital payments over cash.
59% of global consumers use mobile wallets weekly.
Contactless payments used by 83% of cardholders in UK.
Global mobile POS market CAGR 15.2% to 2030.
Blockchain in payments market $1.6 billion by 2028.
AI in fraud detection saves $4.5 billion annually.
Global payment fraud losses $41 billion in 2022.
Card-not-present fraud up 20% in 2023.
25% of merchants hit by friendly fraud.

The global payments industry is rapidly expanding, driven by digital innovation and consumer preference for cashless options.

Adoption and Usage Trends

76% of consumers prefer digital payments over cash.
59% of global consumers use mobile wallets weekly.
Contactless payments used by 83% of cardholders in UK.
45% of Americans use BNPL services.
Digital wallet adoption reached 52% globally in 2023.
68% of Gen Z prefer cashless payments.
NFC payments adoption at 70% in Europe.
81% of online shoppers use cards.
QR code payments used by 40% in Asia.
Cash usage dropped to 16% of transactions in US.
55% of merchants accept digital wallets.
P2P payment apps used by 62% of adults.
Subscription payments grew 417% since 2019.
Voice payments expected adopted by 22% by 2026.
73% prefer one-click checkout.
Crypto payments accepted by 2% of merchants.
Installment payments used in 28% of e-commerce.
Global digital wallet users to reach 4.4 billion by 2025.
Apple Pay has 500 million users worldwide.
Pix in Brazil processed 3.5 billion transactions monthly.
65% of consumers use contactless cards daily.
Digital payments account for 75% of e-commerce.

Adoption and Usage Trends Interpretation

The future of money is a silent, swift, and increasingly digital affair, where convenience is king and the wallet is becoming less a leather accessory and more a fleeting thought before a tap, click, or approving nod.

Fraud and Security

Global payment fraud losses $41 billion in 2022.
Card-not-present fraud up 20% in 2023.
25% of merchants hit by friendly fraud.
Synthetic identity fraud $6 billion losses annually.
Ransomware attacks on payments doubled in 2023.
Account takeover fraud $12.7 billion globally.
Payment fraud detection accuracy 95% with AI.
Chargeback ratio averages 0.8%.
Mobile payment scams up 33% in 2023.
PSD2 SCA reduced fraud by 85% in Europe.
Crypto scams $4.6 billion losses in 2023.
Merchant fraud losses $100 billion yearly.
Biometrics cut fraud 90% in trials.
Global AML fines $5 billion in 2023.
Deepfake fraud attempts rose 300%.
Payment disputes cost merchants 1.5% revenue.
3DS 2.0 blocks 90% fraudulent transactions.
BNPL fraud up 48% in 2023.
Velocity checks prevent 70% account fraud.
Global cybercrime costs $8 trillion annually.

Fraud and Security Interpretation

While AI has boosted fraud detection to 95% accuracy, the sheer velocity and variety of scams—from a 300% rise in deepfakes to $41 billion in global losses—prove that for every high-tech lock we forge, criminals are busy crafting ten new, increasingly clever skeleton keys.

Market Size and Growth

Global digital payments revenue reached $9.46 trillion in 2023.
The payment processing solutions market size was valued at USD 48.63 billion in 2023.
Payments market in Europe is projected to grow by 7.8% from 2023 to 2028.
U.S. payment market revenue expected to reach $3.4 trillion by 2027.
Asia-Pacific digital payments market to grow at CAGR of 21.7% from 2023-2030.
Global BNPL market size was $24 billion in 2023.
Real-time payments market projected to reach $79 trillion by 2030.
Contactless payment market size valued at $20.5 billion in 2022.
Global payment gateway market to hit $74.6 billion by 2028.
UPI transaction value in India crossed $1.5 trillion in 2023.
Credit card market size globally $2.24 trillion in 2023.
Embedded payments market to grow to $138 billion by 2026.
Global POS terminals market $109.5 billion in 2023.
Open banking market size $21.85 billion in 2023.
Stablecoin market cap exceeded $150 billion in 2024.

Market Size and Growth Interpretation

The staggering, multi-trillion-dollar metamorphosis of global money into pure, instant, and invisible digital motion proves that while the transaction is becoming a casual swipe, the business of moving that serious cash is an astronomically serious business.

Technological Innovations

Global mobile POS market CAGR 15.2% to 2030.
Blockchain in payments market $1.6 billion by 2028.
AI in fraud detection saves $4.5 billion annually.
Tokenization market $68 billion by 2027.
5G to boost mobile payments by 40%.
Biometric payments market $55 billion by 2027.
Cloud payment processing market $25 billion in 2023.
Embedded finance market $230 billion by 2025.
Quantum computing threat to payments by 2035.
SoftPOS adoption up 300% in 2023.
ISO 20022 adoption 80% by 2025.
Voice commerce sales $80 billion by 2025.
AR/VR payments market $12 billion by 2028.
Central Bank Digital Currencies piloted in 130 countries.
Federated learning in payments reduces data breach risks.
Super apps handle 90% payments in China.
Programmable payments using smart contracts $10 trillion potential.
3D Secure 2.0 adoption 90% in Europe.
Payment orchestration platforms market $5.4 billion by 2028.

Technological Innovations Interpretation

The payments industry is hurtling toward a future where our phones, biometrics, and even augmented reality will handle trillions in commerce, all while desperately trying to outrun fraudsters and quantum hackers with AI and blockchain.

Transaction Volumes

Global card payments volume $47 trillion in 2023.
U.S. debit card transactions hit 41.4 billion in 2022.
Mobile wallet transactions worldwide 152 billion in 2023.
Visa processed 253 billion transactions in fiscal 2023.
Mastercard transactions reached 131 billion in 2023.
PayPal processed $1.53 trillion in TPV in 2023.
Alipay transactions volume $17 trillion in 2023.
WeChat Pay TPV exceeded $17 trillion in 2023.
Global e-commerce payments $6.3 trillion in 2023.
RTP transactions in Europe 14.5 billion in 2023.
Apple Pay transactions over 5 billion in 2023.
Stripe processed $817 billion in 2023.
Square (Block) GPV $210 billion in 2023.
Adyen processed €1.2 trillion in 2023.
Global cross-border payments $150 trillion annually.

Transaction Volumes Interpretation

The sheer velocity of digital money is staggering, as the world now measures its economic pulse not in heartbeats, but in the ceaseless, trillion-dollar hum of taps, swipes, and clicks moving wealth at the speed of light.

Sources & References

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