Insights from the World Payments Report 2013

It is a widely acknowledged fact that e and m-payments are experiencing rapid growth in both absolute and relative terms and, in that sense, this report offers nothing new. However, many people will be astounded by the rate of growth, with mobile payments reportedly growing at a massive rate of over 58% globally. There is also card payment growth of over 20% in many developing markets, showing that investment in payments infrastructure is booming. The importance of this should not be underestimated because fast, safe, efficient money transfers are a vital catalyst to economic prosperity.

As a final remark, the lack of data collection associated with these new payments types is potentially an issue, because accurate data about their prevalence in every market is of vital importance to many stakeholders globally. If Capgemini are unable to offer figures with any great confidence, it is becoming a real concern.