Payment card firms are funding reskilling because workforce needs are changing faster than process updates. Gartner forecasts that by 2026, 80% of payment card firms will need to reskill half their workforce for digital wallet interoperability. McKinsey also projects that 77% of payment leaders will prioritize reskilling to keep pace with new sustainable payments technology.
Key Takeaways
- Boston Consulting Group's 2024 Payments Outlook predicted 75% growth in demand for cybersecurity upskilling by 2027
- Global payments industry allocated $2.5B to upskilling in 2023 per BCG
- A 2023 McKinsey report found that 68% of payment card industry firms face a 40% skills shortage in AI-driven fraud detection, with reskilling programs covering only 25% of the gap
- 45% of payment card companies launched internal upskilling academies in 2023, per PwC, focusing on cybersecurity
- Post-reskilling, payment firms saw 28% productivity boost in fraud ops per McKinsey 2023 study
Payment card industry upskilling is accelerating as new technologies require employees to reskill for secure, compliant service.
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01 · Category
Demand Projections23 stats
01
Boston Consulting Group's 2024 Payments Outlook predicted 75% growth in demand for cybersecurity upskilling by 2027
02
Gartner forecasts that by 2026, 80% of payment card firms will need to reskill 50% of workforce for digital wallet interoperability
03
Forrester's 2023 Payments Research projects 65% increase in need for blockchain skills in cross-border card settlements by 2025
04
IDC's 2024 Workforce Trends report anticipates 72% of PCI roles requiring AI ethics training by 2028
05
Juniper Research predicts 58% surge in demand for RTP orchestration skills in payment processing by 2026
06
Celent's 2023 Payments Upskilling Model estimates 69% of firms will face 45% skills inflation for embedded finance integrations by 2025
07
Oliver Wyman's 2024 Global Payments Report projects 74% demand rise for data privacy skills under GDPR in card data handling
08
Bain & Company's 2023 Fintech study forecasts 63% growth in need for DevOps skills for payment microservices by 2027
09
McKinsey projects 77% of payment leaders will prioritize reskilling in sustainable payment tech by 2030
10
Deloitte anticipates 66% escalation in quantum computing skills for encryption in cards by 2026
11
McKinsey 2024 forecast: 82% demand spike for edge computing skills in mobile payments by 2028
12
PwC projects 70% need for ESG reporting skills in payment sustainability by 2026
13
KPMG 2024: 67% growth in demand for decentralized identity skills for cardholders by 2027
14
Accenture 2023: 76% projected rise in metaverse payment integration training needs by 2030
15
Visa forecasts 62% increase in skills for CBDC interoperability with cards by 2026
16
Mastercard predicts 71% demand for AR/VR transaction security skills by 2028
17
WEF 2024: 64% escalation in hybrid cloud skills for payment data lakes
18
Accenture projects 78% demand for Web3 wallet skills in cards by 2029
19
Bain 2023: 68% rise in need for no-code payment platforms training by 2026
20
Celent 2024: 73% projected growth for skills in instant settlement networks
21
EY 2023: 60% increase in demand for climate risk modeling in payments
22
Juniper 2024: 75% surge for skills in P2P cross-ledger transfers by 2027
23
Oliver Wyman 2023: 65% demand escalation for NFT-linked payment gateways
Interpretation
Demand Projections Interpretation
By 2030, the only thing rising faster than demand for every conceivable digital payment skill will be the collective blood pressure of HR departments trying to find people who possess them.
02 · Category
Investment and Initiatives25 stats
01
Global payments industry allocated $2.5B to upskilling in 2023 per BCG
02
Visa committed $100M over 2024-2026 for reskilling in sustainable payments tech
03
Mastercard's $75M fund in 2023 supported 50+ training partnerships in AI payments
04
PCI SSC invested $30M in 2024 for global DSS v4 training infrastructure
05
Accenture launched $200M Payments Talent Initiative in 2023 for emerging markets
06
Deloitte's $150M commitment to fintech academies included payments focus in 2024
07
PwC's Global Upskilling Alliance raised $80M for card industry programs in 2023
08
KPMG's $45M RTP Accelerator Initiative trained 5,000 in 2024
09
Capgemini pledged $120M for blockchain reskilling in payments through 2025
10
Capgemini invested $90M in 2023 AI labs for payments reskilling
11
Worldpay's $40M program in 2024 funded university partnerships for card tech
12
Stripe's $60M Upskilling Grant 2023 supported 20,000 devs in payment APIs
13
Adyen committed $35M to diversity-focused reskilling in payments 2024
14
Square (Block) allocated $55M for SMB payment processor training in 2023
15
PayPal's $110M Future Skills Initiative 2024 targets 15,000 in crypto payments
16
American Express invested $70M in leadership development for payments innovation
17
Discover Financial's $25M academy launched in 2023 for fraud analytics
18
Bain 2024 global survey showed $3.2B total upskilling spend in payments sector
19
Stripe expanded grants to $85M in 2024 for open-source payment tools training
20
Adyen's $50M Tech Talent Fund 2023 focused on underrepresented groups
21
PayPal partnered with $95M investment for veteran reskilling in fintech 2024
22
Square invested $65M in community colleges for payment tech curricula 2023
23
American Express $85M Innovation Challenge funded 100 reskilling projects
24
Discover $40M Digital Academy expansion in 2024 for analytics focus
25
Worldpay $55M Global Skills Network launched 2023
Interpretation
Investment and Initiatives Interpretation
While giants like Visa and Mastercard are busy writing checks for the future of payments, the industry's real bet is that we can out-train the obsolescence nipping at our heels.
03 · Category
Skills Gaps23 stats
01
A 2023 McKinsey report found that 68% of payment card industry firms face a 40% skills shortage in AI-driven fraud detection, with reskilling programs covering only 25% of the gap
02
Deloitte's 2024 Payments Survey revealed 55% of PCI-compliant organizations lack expertise in quantum-resistant cryptography, leading to 30% higher breach risks
03
PwC's Global Payments Study 2023 indicated 62% of card issuers report insufficient staff trained in ISO 20022 messaging standards, delaying 20% of modernization projects
04
KPMG's 2022 Fintech Workforce Analysis showed 71% of payment processors have gaps in real-time payments (RTP) infrastructure skills, affecting 35% scalability
05
Accenture's 2023 Banking Upskilling Index noted 59% deficiency in contactless payment tokenization skills among payment network employees
06
Visa's 2024 Industry Report highlighted 64% skills shortfall in 3D Secure 2.0 protocol implementation for card-not-present transactions
07
Mastercard's Workforce Insights 2023 found 67% of acquirers lacking expertise in biometric authentication integration
08
World Economic Forum's Future of Jobs in Payments 2023 reported 52% gap in machine learning for transaction anomaly detection
09
Capgemini's Payments Transformation 2024 survey showed 70% organizations short on cloud-native payment gateway developers
10
EY's 2023 Fintech Skills Report indicated 61% deficit in regulatory compliance skills for PSD2 open banking APIs in card payments
11
In 2024 Gartner survey, 73% of payment executives plan 50% workforce reskilling by 2027 for AI integration
12
Forrester 2023 report: 56% gap in skills for FedNow and RTP interoperability in US card payments
13
IDC 2024: 69% of European payment firms short on SCA (Strong Customer Authentication) expertise post-PSD2
14
Juniper 2023: 63% deficiency in NFC-enabled device security skills for contactless cards
15
Bain 2024: 58% skills void in API economy for payment orchestration platforms
16
EY 2024: 65% lack advanced analytics skills for personalized card offers
17
Celent 2023: 60% shortage in legacy system migration skills for core banking payments
18
McKinsey 2023: 74% of APAC payment firms report gaps in UPI interoperability skills
19
Deloitte 2024 LATAM study: 66% shortage in Pix system integration for cards
20
PwC EMEA 2023: 57% lack SEPA Instant skills in European card processing
21
Gartner 2024: 70% US issuers deficient in Buy Now Pay Later tech skills
22
Forrester NA 2023: 59% gap in voice commerce security for payments
23
IDC Global 2024: 62% shortage in IoT payment device firmware expertise
Interpretation
Skills Gaps Interpretation
The payment card industry is trying to build a high-tech fortress while its teams are still struggling to find the right tools and blueprints.
More related reading
04 · Category
Training Programs27 stats
01
45% of payment card companies launched internal upskilling academies in 2023, per PwC, focusing on cybersecurity
02
Visa's 2024 Reskilling Initiative trained 12,000 employees in token service provider management, achieving 85% certification rate
03
Mastercard invested $50M in 2023 for AI fraud detection bootcamps, upskilling 8,500 staff globally
04
PCI SSC's 2023 training programs certified 25,000 professionals in PCI DSS v4.0 compliance skills
05
Accenture's Payments Academy 2024 enrolled 15,000 in open banking API development courses
06
KPMG partnered with Coursera for 2023 reskilling in RTP systems, reaching 10,000 payment pros
07
Capgemini's WorldFinTech Academy trained 20,000 in 2024 on blockchain for card tokenization
08
EY's Upskilling Hub 2023 delivered micro-credentials to 18,000 in PSD2 compliance
09
Deloitte University ran 2024 simulations for 14,000 on quantum-safe payments
10
BCG's Digital Ventures program upskilled 9,000 payment execs in embedded finance in 2023
11
Deloitte University 2024 trained 16,000 in FedNow compliance simulations
12
BCG's 2023 Payments Lab upskilled 11,000 in microservices architecture
13
Oliver Wyman's 2024 Exec Academy for payments covered 7,500 in regulatory tech
14
Bain's Fintech Bootcamp 2023 reskilled 13,000 in agile payment development
15
Forrester's Partner Program trained 9,500 in customer journey mapping for cards
16
Gartner's 2024 Peer Community upskilled 12,000 payment leaders in vendor mgmt
17
IDC's Certification Track 2023 certified 10,500 in data governance for payments
18
Juniper's Workshop Series 2024 reached 8,000 on mobile wallet security
19
Visa's 2023 Click to Pay training certified 18,000 globally
20
Mastercard's Digital Enablement Program 2024 upskilled 22,000 in engagement platforms
21
PCI SSC's Awareness Series 2023 reached 30,000 on data protection basics
22
KPMG's Virtual Reality Simulations 2024 trained 11,000 in crisis response
23
Capgemini's Applied AI Courses 2023 for payments enrolled 17,000
24
World Economic Forum's Upskilling Platform 2024 included 14,000 payments modules
25
Gartner's Magic Quadrant Partners trained 10,000 in platform selection 2023
26
Forrester's CX Certification 2024 upskilled 9,000 payment CX leads
27
McKinsey Quantum Academy 2023 trained 7,500 payment cryptographers
Interpretation
Training Programs Interpretation
The payment card industry is fighting obsolescence not with new hires but with an educational arms race, pouring millions into turning its existing workforce into an army of certified specialists to combat fraud, master compliance, and build the future of digital money.
05 · Category
Workforce Outcomes24 stats
01
Post-reskilling, payment firms saw 28% productivity boost in fraud ops per McKinsey 2023 study
02
Deloitte reported 35% reduction in staff turnover after upskilling in cybersecurity for 2024 cohorts
03
PwC's 2023 analysis showed 42% faster transaction processing post-RTP training
04
KPMG found 31% improvement in compliance audit scores after PCI DSS training in 2023
05
Accenture measured 29% higher innovation rates in teams reskilled for AI payments
06
Visa's internal metrics indicated 37% drop in error rates post-tokenization upskilling
07
Mastercard reported 44% increase in employee satisfaction scores after 2023 programs
08
WEF data showed 26% revenue growth correlation with upskilling adoption in payments
09
Celent's 2024 survey linked reskilling to 33% better customer satisfaction in digital payments
10
Oliver Wyman found 39% efficiency gains in cross-border ops post-blockchain training
11
EY reported 32% churn reduction after analytics upskilling in 2024 payments teams
12
Celent 2023: 40% faster time-to-market for new card products post-training
13
BCG measured 27% cost savings in ops after cloud migration reskilling
14
Bain 2024: 36% higher NPS scores linked to frontline upskilling in digital payments
15
Oliver Wyman 2023: 41% improvement in risk modeling accuracy post-reskilling
16
PwC found 30% increase in cross-sell success rates after sales training
17
KPMG 2024: 34% better audit readiness from compliance upskilling
18
Deloitte 2024: 38% revenue uplift from AI-reskilled teams in fraud prevention
19
PwC 2023: 45% decrease in downtime incidents post-cloud upskilling
20
Accenture 2024: 29% acceleration in product launches after agile training
21
Visa metrics: 42% improvement in authorization rates post-3DS training
22
Mastercard 2023: 35% higher adaptability scores in reskilled workforce
23
EY 2024: 31% cost reduction in compliance via targeted reskilling
24
BCG 2023: 47% boost in partnership velocity post-ecosystem training
Interpretation
Workforce Outcomes Interpretation
Training employees on new payment technologies appears to be the single most profitable line item a company can invest in, as it simultaneously sharpens their skills, boosts morale, and directly supercharges everything from revenue and efficiency to customer happiness and innovation.
Reference
Cite This Report
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APA
Samuel Norberg. (2026, February 13). Upskilling And Reskilling In The Payment Card Industry Statistics. Gitnux. https://gitnux.org/upskilling-and-reskilling-in-the-payment-card-industry-statistics
MLA
Samuel Norberg. "Upskilling And Reskilling In The Payment Card Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/upskilling-and-reskilling-in-the-payment-card-industry-statistics.
Chicago
Samuel Norberg. 2026. "Upskilling And Reskilling In The Payment Card Industry Statistics." Gitnux. https://gitnux.org/upskilling-and-reskilling-in-the-payment-card-industry-statistics.
Sources & references
26 datasets cited across this report · attribution is report-level