TLDR
A recent PWC study deduced that global cashless payments will surge by more than 80% between 2020 to 2025, from 1 trillion to about 1.9 trillion, and almost triple by 2030. Asia-Pacific will experience the highest growth, with a 109% increase in cashless transaction volume through 2025, followed by a 76% increase from 2025 to 2030 in Africa (78%, 64%) and Europe (64%, 39%). The US and Canada have the slowest growth rates (43% and 35%), followed by Latin America (52% and 48%).
Looking at the recent trends in the FinTech sector, it becomes interesting to figure out what FinTech trends will spring up in 2023 as the world acclimatizes to the new normal and is baffled by the challenges of an anticipated global recession.
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Written by priya11 | Priya: 10 yrs. of exp. in research & content creation, spirituality & data enthusiast, diligent business problem-solver.
