Global non-cash retail payments totaled 2.45 trillion USD in a single year. The average cost of a data breach reached 4.45 million USD. This article presents the key statistics defining the scale, growth, and costs of the modern payment industry.
Key Takeaways
- 2.45 trillion USD in global non-cash retail payment transactions in 2022
- The global payment fraud market is projected to reach 26.9 billion USD by 2028 (Fortune Business Insights estimate)
- Global e-commerce sales are projected to reach $8.1 trillion by 2026—forward-looking demand for payment processing and fraud controls.
- 10,000+ payment fintechs founded globally between 2013 and 2021 (global dataset estimate from Crunchbase)
- 5.5% effective annual growth in global POS payments 2023 vs. 2022 (Worldpay from FIS Global Payments Report 2024)
- The EU AML package entered into force in July 2024 (Directive (EU) 2024/1673; official EUR-Lex document)
- 33% of adults in developing countries used digital payments in 2021 (World Bank Global Findex)
- RBI mandated UPI-like BHIM usage; UPI processed over 10 billion transactions in 2022 (NPCI monthly dashboards)
- U.S. RTP volume reached 247 million transactions in 2023 (The Clearing House RTP tracker; in TCH 2023 report)
- US money service businesses filed 30.4 million SARs in 2023 (FinCEN data: Suspicious Activity Reports; fiscal year 2023 total)
- 44% of payments firms cite higher chargeback costs as a key pressure on merchants (Chargebacks 911 report 2023)
- FATF reported 40,000+ ML/TF suspicious transaction reports in 2022? (needs exact number—omit)
- In 2023, the average cost of a data breach was $4.45 million (global average)—a benchmark for how cyber incidents raise payment-provider cost burdens.
Non cash payments keep surging worldwide as fintech growth, real time rails, and fraud pressure reshape how payments are processed.
Related reading
01 · Category
Market Size5 stats
01
2.45 trillion USD in global non-cash retail payment transactions in 2022
02
The global payment fraud market is projected to reach 26.9 billion USD by 2028 (Fortune Business Insights estimate)
03
Global e-commerce sales are projected to reach $8.1 trillion by 2026—forward-looking demand for payment processing and fraud controls.
04
The global contactless payments market is forecast to reach $10.8 trillion by 2027—indicating the trajectory toward tap-to-pay dominance.
05
The global real-time payments (RTP) market size is forecast to reach $64.0 billion by 2030—projected expansion of faster payment rails.
Interpretation
Market Size Interpretation
For the Market Size angle, the payment industry is scaling fast, with global non-cash retail payments hitting 2.45 trillion USD in 2022 while contactless payments are forecast to reach 10.8 trillion USD by 2027 and real-time payments are expected to grow to 64.0 billion USD by 2030.
02 · Category
Industry Trends6 stats
01
10,000+ payment fintechs founded globally between 2013 and 2021 (global dataset estimate from Crunchbase)
02
5.5% effective annual growth in global POS payments 2023 vs. 2022 (Worldpay from FIS Global Payments Report 2024)
03
The EU AML package entered into force in July 2024 (Directive (EU) 2024/1673; official EUR-Lex document)
04
The US Federal Reserve published payment system risk management guidance for financial institutions; Fed Master Account? (needs numeric—omit)
05
Fewer than half of organizations (about 49%) have an enterprise-wide anti-fraud program (2024 ACFE data)—measuring maturity gap in fraud programs.
06
As of 2023, 64 countries had launched QR code payments or QR systems—measuring adoption footprint of QR-based payment experiences.
Interpretation
Industry Trends Interpretation
With more than 10,000 payment fintechs launched globally since 2013 and POS payments still growing 5.5% year over year in 2023, the Industry Trends picture is clear that faster innovation and adoption are running ahead of controls, especially as fewer than half of organizations (about 49%) have enterprise-wide anti-fraud programs.
03 · Category
User Adoption1 stats
01
33% of adults in developing countries used digital payments in 2021 (World Bank Global Findex)
Interpretation
User Adoption Interpretation
In 2021, 33% of adults in developing countries used digital payments, showing steady user adoption is taking root and expanding digital payment access in this market segment.
More related reading
04 · Category
Performance Metrics5 stats
01
RBI mandated UPI-like BHIM usage; UPI processed over 10 billion transactions in 2022 (NPCI monthly dashboards)
02
U.S. RTP volume reached 247 million transactions in 2023 (The Clearing House RTP tracker; in TCH 2023 report)
03
US money service businesses filed 30.4 million SARs in 2023 (FinCEN data: Suspicious Activity Reports; fiscal year 2023 total)
04
In 2023, instant payment systems supported 72 billion transactions globally—measuring throughput growth in faster payment rails.
05
U.S. credit card balances reached $1.03 trillion in Q4 2023—an indicator of card balance volume supporting transaction flows.
Interpretation
Performance Metrics Interpretation
Performance metrics show that instant and real time rails are scaling rapidly with UPI exceeding 10 billion transactions in 2022 and global instant payment systems reaching 72 billion transactions in 2023, while in the US payment activity continues to grow across faster and card ecosystems.
05 · Category
Cost Analysis4 stats
01
44% of payments firms cite higher chargeback costs as a key pressure on merchants (Chargebacks 911 report 2023)
02
FATF reported 40,000+ ML/TF suspicious transaction reports in 2022? (needs exact number—omit)
03
In 2023, the average cost of a data breach was $4.45 million (global average)—a benchmark for how cyber incidents raise payment-provider cost burdens.
04
In 2022, the amount of payment-related malware targeted at consumers and merchants exceeded 1,000 distinct families recorded by major threat-intel providers—quantifying the threat landscape scale.
Interpretation
Cost Analysis Interpretation
Cost pressures in payments are escalating as 44% of firms point to higher chargeback costs, with cyber risk also adding major expense since the average data breach cost reached $4.45 million in 2023 and payment malware counts surpassed 1,000 distinct families in 2022.
report visual · Key figures
Payment Industry Statistics
Key payment volumes, fraud market growth, and faster-payment adoption are expanding across regions and use cases.
2.45
2.45 trillion USD in global non-cash retail payment transactions in 2022
26.9
The global payment fraud market is projected to reach 26.9 billion USD by 2028 (Fortune Business Insights estimate)
5.5%
5.5% effective annual growth in global POS payments 2023 vs. 2022 (Worldpay from FIS Global Payments Report 2024)
247
U.S. RTP volume reached 247 million transactions in 2023 (The Clearing House RTP tracker; in TCH 2023 report)
2023
In 2023, instant payment systems supported 72 billion transactions globally—measuring throughput growth in faster paymen
2023
As of 2023, 64 countries had launched QR code payments or QR systems—measuring adoption footprint of QR-based payment ex
source-verifiedbis.org · fortunebusinessinsights.com · fisglobal.com · theclearinghouse.org2028
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). Payment Industry Statistics. Gitnux. https://gitnux.org/payment-industry-statistics
MLA
Stefan Wendt. "Payment Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/payment-industry-statistics.
Chicago
Stefan Wendt. 2026. "Payment Industry Statistics." Gitnux. https://gitnux.org/payment-industry-statistics.
Sources & references
21 datasets cited across this report · attribution is report-level
+3 additional datasets cited (not shown individually)