Closing the Gap
The Graphic Truth: The digital payment boom
A graphic of digital payment volumes around the world.
GZERO Media
October 07, 2022
Advanced economies have long been turning to digital payment systems to boost commercial opportunities and circumvent traditional banking sector fees. In more recent years, populations across emerging market economies – many grappling with financial implosions and hard currency shortages – have also been tapping into fintech solutions to send money to families abroad and conduct business internationally. Across Africa, Asia, and Central America, the adoption of digital payment systems is projected to surge over the next few years. We take a look at the value of digital payments by region since 2017 and projections through 2027.
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