The two globally and in the US, the payments ecosystem is evolving.
Two linked developments: the gradual death of cash and the quickly increase of electronic payments, are transforming how buyers, businesses, governments, and even criminals go funds.
Yearly world non-cash transactions are predicted to pass the 1 trillion milestone by 2024. This key transformation is becoming propelled by quite a few components, which include increased usage of digital wallets, extra small distributors adapting to settle for credit playing cards, and the explosive growth of cellular commerce.
In The Demise of Cash slide deck, Company Insider Intelligence initiatives what the payments ecosystem will search like by 2024 by inspecting the driving forces powering electronic payment proliferation.
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