Both globally and in the US, the payments ecosystem is evolving. Two related trends: the slow death of cash and the fast rise of digital payments, are transforming how consumers, businesses, governments, and even criminals move money. Annual global non-cash transactions are expected to pass the 1 trillion milestone by 2024. This major transformation is being propelled by several factors, including increased usage of digital wallets, more small vendors adapting to accept credit cards, and the explosive growth of mobile commerce. In The Death of Cash slide deck, Business Insider Intelligence projects what the payments ecosystem will look like through 2024 by examining the driving forces powering digital payment proliferation. This exclusive report can be yours for FREE today.Join the conversation about this story »
More like this (3)
This text was published at Mises InstituteThe Central Banking Digital Currencies (CBDC) are being sold with...This text was published at Mises InstituteThe Central Banking Digital Currencies (CBDC) are being sold with the narrative of protecting consumers who are increasingly moving to cashless payments and as a result, robbing themselves of the privacy advantages of cash and exposing themselves to bank runs, payment networ...
THE 2020 PAYMENTS ECOSYSTEM: The trends driving growth and shaping the future of the payments processing industry explained
This is a preview of The Payments Ecosystem research report from Business Insider Intelligence. Purchase this...This is a preview of The Payments Ecosystem research report from Business Insider Intelligence. Purchase this report. Business Insider Intelligence offers even more consumer coverage with Payments & Commerce Pro. Subscribe today to receive industry-changing payments and commerce news and analysis to your inbox. The power dynamics in the payments industry are changing as businesses and consumers shift dollars from cash and checks to...
THE HEALTHCARE PAYMENTS REPORT: The strategies payments leaders are using to take advantage of the $3.7 trillion opportunity in US healthcare
This is a preview of THE HEALTHCARE PAYMENTS REPORT from Business Insider Intelligence. Business Insider Intelligence offers...This is a preview of THE HEALTHCARE PAYMENTS REPORT from Business Insider Intelligence. Business Insider Intelligence offers even more healthcare coverage with Digital Health Pro. Subscribe today to receive industry-changing digital health news and analysis to your inbox. The US healthcare payments market is enormous: Healthcare expenditure hit $3.65 trillion in 2018, per projections from CMS, and this spending is only expected to accelerate. But...