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From UK to India, drivers of digital payments explained in three charts

Data also shows the spread and intensity of digital payments does not always increase in tandem with a country's GDP

digital payment

Global non-cash transaction volumes saw a compounded annual growth rate of 9.8 per cent during 2012-2016 driven by emerging Asia, Central Europe, the West Asia and Africa. Advanced economies had the lion’s share of such transactions in terms of volume, but Emerging market economies (EMEs) are closing the gap. Data also shows the spread and intensity of digital payments does not always increase in tandem with a country’s GDP. Some AEs (like Germany) have low digital payments-GDP ratio similar to a couple of EMEs (the ratio in an EME like Brazil is close to that of Belgium). A ...