Cashless payment revenue, by region 2027

The Middle East and Africa are forecast to see the highest growth in digital payment transaction value between 2022 and 2027, with North America seeing the least. This is according to a model that aims to map out the revenue of digital payments across the different regions in the world. The Middle East and Africa had a CAGR of 8.3 percent between the five years, as opposed to a CAGR of 3.6 percent for North America. The source highlighted both North America and Europe, as both their projected CAGR between 2022 and 2027 was sinificantly smaller than in the period 2016 to 2021. Asia-Pacific is predicted to remain the largest market overall, with a transaction volume of nearly 750 billion U.S. dollars by 2027.

Value of cashless transactions worldwide in 2017 and 2022 with a forecast for 2027, by region (in billion U.S. dollars)

Characteristic	Asia-Pacific	Europe	Latin America	Middle East, Africa (MEA)	North America
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Release date

September 2023

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Region

Worldwide

Survey time period

September 2023

Special properties

The figures have been taken from several publications. Note that figures can change in retrospect

Supplementary notes

The source adds: "BCG’s Global Payments Model 2023 does not include closed-loop intrawallet transactions, cash withdrawals from ATMs, trade finance revenues, and mobile money transactions. All forecasting is done at a constant foreign exchange rate. Transaction-related revenues include revenues from transactions made with cards and noncard payment instruments. Nontransaction-related revenues include revenues from interest income related to deposits, overdrafts, and revolving credit cards, as well as fee income from card and current account maintenance, foreign exchange, and value-added services."

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