“One year ago, as the pandemic threw communities and the wider global economy into turmoil, BCG’s payments modeling suggested that revenue growth could drop by nearly half—from a compound annual growth rate (CAGR) of 9% from 2015 to 2019 to just over 4% going forward. But even though transaction volumes globally dipped in the early months of the crisis, a combination of government stimulus and the rapid recovery of major markets such as the US and China prevented a major decline from occurring. Overall, payments revenues globally declined only marginally in percentage terms from 2019 to 2020 and stayed at roughly $1.5 trillion year on year” – BCG Global Payments Report 2021, p.2.
Read BCG’s Global Payments Report 2021 to learn about the implications of these developments for the future and what industry participants should expect in the coming years:
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