Payments Market Trends, Adoption & the Future of Digital Transactions: Crypto Payments Gain Traction as Users Exceed 560 Million in 2024

The Payments Market Report 2025 reveals rapid growth in digital transactions, with global payments revenue projected to exceed $3 trillion by 2028. The rise of instant payments, digital wallets, and crypto transactions is reshaping the industry, with non-cash transactions growing at 10% CAGR. AI-driven fraud prevention is enhancing security, while blockchain and DeFi innovations push crypto payments past 560 million users. Key players such as Visa, Mastercard, PayPal, and Adyen continue to lead advancements in secure, efficient, and AI-powered payment solutions. This comprehensive report explores trends, adoption rates, and future digital transaction forecasts.

Dublin, Feb. 26, 2025 (GLOBE NEWSWIRE) — The “Payments Market Report 2025: Trends, Adoption & the Future of Digital Transactions” has been added to ResearchAndMarkets.com’s offering.

Credit/debit cards globally lead online payment preferences with over 40% usage while digital wallets comes in second with over 20% in 2024

Digital Payments Growth Accelerates, Set to Exceed USD 3 Trillion by 2028

By 2028, global payments revenue is expected to surpass USD 3 trillion, with Asia-Pacific leading, contributing nearly 50%. Non-cash transactions are projected to grow at over +10% CAGR, reaching almost 3 trillion by 2028.

Instant Payments and Digital Wallets Reshape Global Transactions

Instant payments are forecast to rise from over 15% in 2023 to over 20% of global transactions by 2028. Digital wallets continue strong growth, with more than +60% YoY increase in Q3 2023. Credit cards remain dominant, accepted by over 75% of businesses in 2024.

Crypto Payments Gain Traction as Users Exceed 560 Million in 2024

Cryptocurrency adoption has surged, with global crypto ownership up +30% YoY, surpassing 560 million users in 2024. Blockchain and DeFi are driving financial innovation, with more than 60% of respondents interested in using digital currencies for payments.

AI Fraud Prevention Strengthens Payment Security, Saving Billions

AI-driven fraud detection is gaining traction, with Visa’s model preventing nearly USD 30 billion in fraud annually. Mastercard’s AI solutions boost fraud detection accuracy by up to 300%. AI also enhances payment efficiency, improving transaction success rates for platforms like Adyen.

Questions Covered:

• What is the projected revenue of the global payments industry by 2028?
• What are the most popular online payment methods among consumers globally?
• How is the global adoption of instant payments changing, and what impact does it have on traditional payment methods?
• What percentage of consumers would prefer to use cryptocurrencies for everyday purchases?
• What percentage of consumers globally use digital wallets for online and in-store payments?

Company Coverage Includes:

• Apple
• Paypal
• Visa
• Mastercard
• Adyen
• Patagonia
• NordSecurity
• Global Payments

Key Topics Covered:

1. Management Summary

2. Global Digital Payments Adoption and Trends

2.1. Key Takeaways

2.2. Digital Payments Adoption & Consumer Preferences

• Global: Digital Payments Adoption, Innovations and Consumer Preferences, January 2025
• Global: Online Payment Methods Preferred by Shoppers, in % of Respondents, 2024
• Global: Reasons for Online Shopping Cart Abandonment, in % of Respondents, 2024
• Global: Online Shopper Preferences for Account Creation, in % of Respondents, 2024
• Global: Importance of Delivery Providers in Online Shopping Decisions, by Country, in % of Respondents, 2024

2.3. Regional Digital Payments Adoption

• USA: Digital Payments Adoption by Category: Online, in % of respondents, 2019, 2021, 2023-2024
• USA: Digital Payments Adoption by Category: In-App, in % of respondents, 2019, 2021, 2023-2024
• USA: Digital Payments Adoption by Category: In-Store, in % of respondents, 2019, 2021, 2023-2024
• USA: Digital Payments Adoption by Category, in % of respondents, 2024
• USA: Digital Wallets Adoption by Category: In-Store, in % of respondents, 2024
• USA: Digital Wallets Adoption by Category: Online, in % of respondents, 2024
• USA: Digital Wallets Adoption by Category: In-App, in % of respondents, 2024
• Europe: Digital Payments Adoption by Category, in % of respondents, 2024
• Europe: Digital Wallets Adoption by Category: In-Store, in % of Digital Payment Users, 2024
• Europe: Digital Wallets Adoption by Category: Online, in % of Digital Payment Users, 2024
• Europe: Digital Wallets Adoption by Category: In-App, in % of Digital Payment Users, 2024

3. Non-Cash Transactions Growth

3.1. Key Takeaways

3.2. Global and Regional Non-Cash Transactions Trends

• Global: Total Non-cash Transactions Volume, in volume trillions, 2018 & 2021-2024e & 2028f
• Asia-Pacific: Total Non-cash Transactions Volume, in volume billions, 2018 & 2021-2024e & 2028f
• North America: Total Non-cash Transactions Volume, in volume billions, 2018 & 2021-2024e & 2028f
• Europe: Total Non-cash Transactions Volume, in volume billions, 2018 & 2021-2024e & 2028f
• Latin America: Total Non-cash Transactions Volume, in volume billions, 2018 & 2021-2024e & 2028f
• MEA: Total Non-cash Transactions Volume, in volume billions, 2018 & 2021-2024e & 2028f

3.3. Global and Regional B2B Non-Cash Transactions Trends

• Global: Total Non-cash Transactions Volume, in volume billions, 2018 & 2021-2024e & 2028f
• Asia-Pacific: Total Non-cash Transactions Volume, in volume billions, 2018 & 2021-2024e & 2028f
• North America: Total Non-cash Transactions Volume, in volume billions, 2018 & 2021-2024e & 2028f
• Europe: Total Non-cash Transactions Volume, in volume billions, 2018 & 2021-2024e & 2028f
• Latin America: Total Non-cash Transactions Volume, in volume billions, 2018 & 2021-2024e & 2028f
• MEA: Total Non-cash Transactions Volume, in volume billions, 2018 & 2021-2024e & 2028f

4. Global Payments Revenue and Market Value

4.1. Key Takeaways

4.2. Payments Revenue

• Global: Payments Revenue Value, in USD trillion, 2013, 2018, 2020- 2023, 2028f
• Global: Payments Revenue by Type, Commercial & Consumer in %, 2023
• Global: Payments Revenue by Type, Commercial & Consumer in %, by Region, 2023
• Global: Payments Revenue by Type, Commercial & Consumer in %, by Region, by Payment Type, 2023
• Asia-Pacific: Payments Revenue Value, in USD trillion, 2013, 2018, 2020- 2023
• Asia-Pacific: Payments Revenue by Type, Commercial & Consumer in %, 2018 & 2023
• North America: Payments Revenue Value, in USD trillion, 2013, 2018, 2020- 2023
• North America: Payments Revenue by Type, Commercial & Consumer in %, 2018 & 2023
• Europe, Middle East, and Africa: Payments Revenue Value, in USD trillion, 2013, 2018, 2020- 2023
• Europe, Middle East, and Africa: Payments Revenue by Type, Commercial & Consumer in %, 2018 & 2023
• Latin America: Payments Revenue Value, in USD trillion, 2013, 2018, 2020- 2023
• Latin America: Payments Revenue by Type, Commercial & Consumer in %, 2018 & 2023

4.3. U.S. Point-of-Sale Spend Trends

• USA: Total C2B point-of-sale spend, in USD trillion, 2018-2023
• USA: Total C2B point-of-sale spend by segment, in %, 2018-2023

4.4. Future Payment Revenue Projections

• Global: Payment Revenue Value, in USD trillion, 2027f
• Asia-Pacific: Share of Payment Revenue Value, in %, 2027f
• North America: Share of Payment Revenue Value, in %, 2027f
• EMEA: Share of Payment Revenue Value, in %, 2027f
• Latin America: Share of Payment Revenue Value, in %, 2027f

5. Global & Regional Payment Mix: Traditional vs. New Payments

5.1. Key Takeaways

5.2. Global and Regional Payment Mix Trends

6. Cryptocurrency in Payments

6.1. Key Takeaways

6.2. Cryptocurrency Adoption and Trends

• Global: Share of Respondents Who Would Like to Be Able to Make Payments in Digital Currencies, in %, 2023
• Global: Type of Purchases Respondents Are Interested in Making With Crypto, in % of Respondents, 2023
• Global: Overview of the Cryptocurrency And Blockchain Market, January 2025

6.3. Cryptocurrency Ownership by Region

6.4. Consumer Behavior & Cryptocurrency

• Global: Share of Population That Owns And Uses Digital Currency, in %, 2024e
• Global: Share of Respondents Who Would Shop More Frequently at Their Preferred Online Stores If They Accepted Cryptocurrency in %, 2023
• Global: Share of Respondents Who Would Spend More Online If Cryptocurrencies Were Accepted, in %, 2023

7. AI in Payments

7.1. Key Takeaways

7.2. Overview AI in Payments

• Global: Value of AI in Payments, in USD billion, 2023 & 2031f
• Global: Breakdown of Financial Service Companies’ Primary Strategy for Use of AI and ML, in %, Q1 2023

7.3. Generative AI and Fraud Prevention

• Global: Spend by Banks on Generative AI, in USD billion, 2024e & 2030f
• Global: Share of Financial Institutions Eyeing Generative AI Use For Fighting Fraud, in %, 2024e
• Global: AI-Driven Fraud Prevention and Risk Management in Financial Services, January 2025

7.4. Customer Experience and Future Innovations

• Global: AI-Optimized Payments, Risk Management, and Customer Experience, January 2025
• Global: AI Collaboration and Future Innovations in Payments, January 2025

For more information about this report visit https://www.researchandmarkets.com/r/enh1bf

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

CONTACT: CONTACT: ResearchAndMarkets.com 
         Laura Wood,Senior Press Manager 
         press@researchandmarkets.com
         For E.S.T Office Hours Call 1-917-300-0470 
         For U.S./ CAN Toll Free Call 1-800-526-8630 
         For GMT Office Hours Call +353-1-416-8900