The statistic shows a forecast of the next-generation payment technology market worldwide, from 2015 to 2022. In 2017, the transaction value of the next-generation payment technology market was estimated to reach 3.1 trillion U.S. dollars worldwide. The next-generation payment technology market includes EMV chip, QR code, and NFC/contactless payment systems. The NFC segment is currently growing at the highest rate due to its adoption in mobile handsets and wearables; however, EMV (named after its developers, Europay, MasterCard and Visa) chips are expected to dominate the market by 2022.
Next-gen payment technology market transaction value worldwide 2015-2022
Annual transaction value of the next-generation payment technology market worldwide from 2015 to 2022
(in billion U.S. dollars)
Source
In cooperation with
Release date
November 2017
More information
Region
Worldwide
Survey time period
2017
Supplementary notes
* Forecast
Between 2015 and 2022, the next-gen payment technology market is expected to grow at a constant annual growth rate of 35.98 percent.
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BIS Research. (November 30, 2017). Annual transaction value of the next-generation payment technology market worldwide from 2015 to 2022 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 07, 2019, from https://cdn1.statista.com/statistics/788318/worldwide-payment-technology-transaction-value-market-size/
BIS Research. "Annual transaction value of the next-generation payment technology market worldwide from 2015 to 2022 (in billion U.S. dollars)." Chart. November 30, 2017. Statista. Accessed December 07, 2019. https://cdn1.statista.com/statistics/788318/worldwide-payment-technology-transaction-value-market-size/
BIS Research. (2017). Annual transaction value of the next-generation payment technology market worldwide from 2015 to 2022 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 07, 2019. https://cdn1.statista.com/statistics/788318/worldwide-payment-technology-transaction-value-market-size/
BIS Research. "Annual Transaction Value of The Next-generation Payment Technology Market Worldwide from 2015 to 2022 (in Billion U.S. Dollars)." Statista, Statista Inc., 30 Nov 2017, https://cdn1.statista.com/statistics/788318/worldwide-payment-technology-transaction-value-market-size/
BIS Research, Annual transaction value of the next-generation payment technology market worldwide from 2015 to 2022 (in billion U.S. dollars) Statista, https://cdn1.statista.com/statistics/788318/worldwide-payment-technology-transaction-value-market-size/ (last visited December 07, 2019)