The 2022 McKinsey Global Payments Report

Changes in the global landscape are creating opportunities for incumbents and disruptors to win customers, develop new solutions, and claim market share. In short, the payments chessboard is being rearranged.

Key findings in the Mckinsey 2022 report include: The pandemic has lifted the overall revenue of the payment industry. In 2021 payments revenue grew by 11% in a single year, and a slight decline has yet to reverse most of that growth. APAC is now half of all global payments revenue.

Mckinsey has revised UP their estimate to $3trn industry revenue by 2026. Embedded finance and sustainability are the two biggest forces shaping the industry, but the rise of the global south, CBDCs and Stablecoins are the future forces to watch.

Read More at McKinsey (PDF)

Read the rest at McKinsey (PDF)