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Emerging Asia’s payments revolution is here: Are you ready to earn a slice of $566 billion?
Payments across the world are evolving rapidly from a back-office function to a bona fide business for an increasing number of companies, driving revenue growth-led transformation – and one which also delivers increased operational and cost efficiencies.
Payments across the world are evolving rapidly from a back-office function to a bona fide business for an increasing number of companies, driving revenue growth-led transformation – and one which also delivers increased operational and cost efficiencies.
The numbers are compelling: McKinsey estimates global payments revenues reached close to $1.9 trillion in 2017, and they forecast those numbers will reach roughly $3 trillion in 2022.
While this is a global phenomenon, APAC is leading the charge, dominating global payments revenue in 2017 – accounting for approximately 50% ($945 billion), according to McKinsey.