Fully understand the global payments landscape with this report.
 | | The Global Payments Landscape | | Here's how emerging technologies are impacting payments trends in key mature markets… Noncash payments are on the rise worldwide. And while cash is still popular in some places, consumers are using it much less and instead turning to digital alternatives across the globe. In some places, cash is even close to being replaced entirely.
As new players emerge to capitalize on consumer appetite for digital payment methods, three mature markets — the UK, Australia, and Sweden — have become standouts for what a more cashless society could look like.
For example, in Australia, cash went from comprising a 70% share of total transactions in 2007 to accounting for just 37% of total transactions in 2016. Mature payments markets are defined here as regions with developed economies, populations in which almost everyone has a bank account, and frequent, high-volume digital payment usage.
There are factors that are driving each region's move away from cash. In the UK, one contributing factor to the decline of cash is consumer openness to new payment methods, whereas in Australia, government initiatives are creating opportunities around digital payments for firms. And in Sweden, high smartphone penetration — which is at 96% — is creating an opportunity for firms to move in on mobile payments.
In this report, Business Insider Intelligence compiles various payments snapshots, which together illustrate how digital payment methods are supplementing or replacing cash in each market. Each provides an overview of the payments industry in a particular country, and details the evolution of its development. They also highlight notable payments players in each region and discuss the opportunities and challenges that players are facing in their respective markets.
Among the big picture insights you'll get from this report, titled
The Global Payments Landscape: How Emerging Technologies Are Impacting Payments Trends In Key Mature Markets:
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- There are several mature markets in which consumers have been moving away from cash in favor of digital payment methods. These markets can provide insights into where the global payments industry is headed.
- Players in these mature payments markets have been making noteworthy innovations. The UK, Australia, and Sweden are three leaders in the payments space, with alternative payment methods like contactless cards, mobile wallets, and regular credit and debit cards taking the place of cash in these markets.
- Each market is being propelled by factors that are pushing their societies away from cash. Some factors, such as high banking and mobile penetration, are shared in each region, while others are region-specific, like government initiatives or access to infrastructure. There are also several opportunities and challenges specific to each market.
This exclusive report also:
- Explores three mature markets — the UK, Australia, and Sweden — and the payments trends in those spaces
- Identifies industry leaders, including both incumbents and challengers, in each market
- Evaluates challenges and opportunities specific to each market
- And much more.
The Global Payments Landscape is how you get the full story. | | | | | Choose one of these options:
- Bundle and save 92% today when you purchase the Ultimate Payments Reports Bundle. You will gain immediate access to this report and 48 others on some of the most important topics impacting the payments space. BUY THE BUNDLE AND SAVE 92%
- Purchase the report and download it immediately from our research store.
The choice is yours. But however you decide to acquire this report, you've given yourself a powerful advantage in your understanding of the payments landscape. | |  | | Copyright © 2018 Business Insider, Inc. All rights reserved. | | | | |
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