Published on Oct 16, 2018
The World Payments Report 2018 from Capgemini and BNP Paribas explores how emerging technologies can help banks become anchors of a new payments ecosystem and offer new value-added services to customers, including corporate treasurers.
The World Payments Report 2018 from Capgemini and BNP Paribas is the leading source for data, trends and insights on global and regional non-cash payments, the key regulatory and industry initiatives (KRIIs), and today’s dynamic payments environment. It explores how emerging technologies can help banks become anchors of a new payments ecosystem and offer new value-added services to customers, including corporate treasurers.
Non-Cash Payments Volume
Global non-cash transactions grew at 10.1% to reach 482.6 billion during 2015-2016. In the WPR 2018, we estimate that global non-cash transaction volumes will record a CAGR of 12.7% during 2016–2021E. Developing markets are expected to boost the global growth rate of non-cash transaction volumes with a sustained CAGR of 21.6% during this period, while mature markets are expected to grow by a modest 6.7%. Europe, including the Eurozone, is expected to witness a stable growth of 6.5% over the next five years.
E-Wallet and Economic Analysis
Non-cash transactions conducted via e-wallets were estimated to total 41.8 billion globally during 2016. Of the estimated total, about 71.0%, or 29.7 billion, were conducted via the payment apps and e-wallets offered by BigTechs to their customers. We explore how high non-cash transactions can provide benefits to the society, addressing even challenging issues such as corruption as Non-cash transactions share a positive linear correlation with corruption perception index.
Key Regulatory and Industry Initiatives (KRIIs)
The Payments industry is witnessing a cyclical path in the KRII journey—with KRIIs traversing from standardization to innovation and back again to standardization. Further, Conflicting KRIIs pose implementation and operational challenges that hinder the transition to the new payments ecosystem.
New Horizons in Payments and Transaction Banking
The World Payments Report 2018 explores how the banking industry is adopting new payments models to offer new value-added services to customers, including corporate treasurers. It also analyzes the ways in which banks can come closer to their customers by orchestrating various services, leveraging emerging technologies, and suggests a roadmap for the future. The report also introduces a Payments Open Banking Assessment which highlights the state of open banking from a payments perspective across 16 selected countries.