Payment Processing Industry Statistics [Fresh Research]

Statistic 1

"The global payment processing solutions market was valued at $39.3 billion in 2018."

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Statistic 2

"The payment processing solutions market is expected to grow at a CAGR of 10.2% from 2021-2028."

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Statistic 3

"Payment services hold the largest market share of 41.51% in 2020 in the payment processing solutions market."

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Statistic 4

"The total global non-cash transaction volume was 539.6 billion in 2019, up from 471.2 billion in 2018."

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Statistic 5

"Business-to-business (B2B) payments are predicted to reach $200 trillion by 2028."

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Statistic 6

"In 2020, credit cards were the most used digital payment method worldwide."

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Statistic 7

"Total U.S. payment fraud losses amounted to $8.14 billion in 2020."

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Statistic 8

"China’s mobile payments reached $178 trillion in 2020."

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Statistic 9

"The average American household has 8.5 different cards for payments."

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Statistic 10

"In 2020, almost 70% of consumers in the US used mobile banking."

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Statistic 11

"Digital wallets are predicted to account for 52% of global ecommerce transactions by 2023."

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