Overview

• The new Global Payments Report outlines a slower expansion path for card and app-based transactions worldwide through the end of the decade.
• Global payments revenues are forecast to reach $2.4 trillion by 2029 on roughly 4% annual growth, nearly half the pace of the previous five years.
• Germany is expected to average about 2% annual revenue growth from 2024 to 2029 as the shift away from cash progresses more slowly than in many European peers.
• Europeans made about 380 electronic payments on average last year, with Norway near 800 and Germany at 313, underscoring divergent adoption rates.
• BCG highlights AI shopping agents as a coming shift in how purchases are executed, noting Amazon tested a “Buy for me” assistant in April.