The 2021 McKinsey Global Payments Report

Oct 7, 2021 · The report analyzes the impact of the pandemic on payments revenue, usage, and innovation, and projects the outlook for 2025. It also explores the emerging fields of digital …

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Payments Down, But Quickly Rebounding - The Banker

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Nov 2, 2021 · While the Covid-19 pandemic negatively impacted global payment revenues, they contracted by just 5% to $1.9tn in 2020, according to the 2021 McKinsey Global Payments …

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Global Payments Market To Grow 9% Annually Until 2026: …

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Jan 31, 2023 · The 2022 McKinsey Global Payments Report, released in October 2022, provides insights into the current trends and future outlook of the global payments market. The report …

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McKinsey’s Global Payments Report 2024 | McKinsey - McKinsey

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Oct 18, 2024 · Global losses from payment card fraud are projected to reach $400 billion over the next ten years, with authorized push payment fraud alone expected to grow at 11 percent …

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FAQs about The 2021 McKinsey Global Payments Report Coupon?

What is McKinsey's 2021 global payment report?

McKinsey’s 2021 Global Payment Report, as always, contains important fundamental analyses of the global payment business and how this affects banks. The report for 2020-2021 is split into four parts: Global payments 2021: Transformation amid turbulent undercurrents CBDC and stablecoins: Early coexistence on an uncertain road ...

What is McKinsey's Global Payments map?

The insights in this report are informed by McKinsey’s proprietary Global Payments Map, which for over 20 years has provided a granular, data-based view of the industry landscape. stable year. Global revenues grew at nearly 5 percent in 2019, bringing total global payments revenue to just under $2 trillion (Exhibit 1). ...

Does McKinsey expect Global Payments revenues to end 2020?

McKinsey expects global payments revenues to end 2020 down 7% compared to 2019. Note: Figures may not sum to listed totals, because of rounding. Source: McKinsey Global Payments Map rebounded, consumers’ well-documented shift from the point of sale (POS) to digital commerce accounts for the reduced use of cash. ...

What is McKinsey's impact on Global Payments revenues?

The impact was especially great on the travel and entertainment category, which was off 80 to 90 percent. While some categories of spending Exhibit 1 McKinsey expects global payments revenues to end 2020 down 7% compared to 2019. Note: Figures may not sum to listed totals, because of rounding. ...

How much will the Global Payments industry grow in 2023?

In 2023, the global payments industry handled 3.4 trillion transactions, accounting for $1.8 quadrillion in value and a revenue pool of $2.4 trillion. It grew 7 percent annually from 2018 to 2023, but our analysis suggests revenue growth will likely slow to 5 percent a year over the next five years. ...

Will Global Payments revenues recoup 2020's declines in 2021?

Given the above assumptions we expect global payments revenues to quickly return to their long-term 6 to 7 percent growth trajectory, recouping 2020’s declines in 2021 and reaching roughly $2.5 trillion by 2025. ...