{"product_id":"global-digital-payment-forecast-2023-2027","title":"Global Digital Payment Forecast 2023-2027","description":"\u003cp\u003eGlobal Digital Payment Forecast 2023-2027\u003c\/p\u003e\n\n\u003cp\u003eReal-time payments are experiencing a surge in popularity worldwide, with Egypt forecasted to experience one of the highest growth rates between 2022 and 2027: new yStats.com report.\u003c\/p\u003e\n\n\u003cp\u003eBy 2026, the volume of non-cash transactions worldwide is projected to nearly double\u003c\/p\u003e\n\n\u003cp\u003eThe global online payments industry has been significantly influenced by the COVID-19 global health crisis in recent years, resulting in substantial advancements in the market. The rate of adoption of cashless payments has accelerated dramatically and is expected to continue growing post-pandemic, as highlighted by yStats.com. In fact, global cashless transactions are forecasted to grow at a Compound Annual Growth Rate (CAGR) of over 16% from 2023 to 2026, surpassing 2 trillion non-cash transactions. Asia-Pacific is expected to contribute the highest value, followed by Europe and North America by 2026.\u003c\/p\u003e\n\n\u003cp\u003eLatin America and the Middle East are expected to experience the highest growth in real-time payments\u003c\/p\u003e\n\n\u003cp\u003eThe use of digital payments is continually on the rise worldwide, with more individuals choosing to move away from cash usage. Consequently, real-time payments are gaining popularity globally. In 2022, the Middle East, Africa, and Southeast Asia region recorded the highest volume of real-time payments, just below 100 billion transactions, followed by Asia-Pacific and Latin America, as indicated in the new yStats.com publication. These three regions are projected to remain in the top three, with Asia-Pacific surpassing the Middle East, Africa, and South Asia by 2027. Egypt is expected to be one of the countries with the highest growth in real-time payment transaction volume, displaying a triple-digit Compound Annual Growth Rate (CAGR) between 2022 and 2027, reaching close to one billion transactions. Furthermore, the share of real-time payments in total electronic payments is currently and is expected to remain the highest in Middle East, Africa and South Asia, reaching almost 80% in 2027.\u003c\/p\u003e","brand":"Service Industries","offers":[{"title":"September, 2023 \/ 94 Pages \/ MCW16278142","offer_id":47710694736178,"sku":null,"price":5820.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/global-digital-payment-forecast-2023-2027","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}