Non-cash transactions are expected to grow by 52.8% between 2019 and 2022, according to the latest research from Capgemini. This will take the total number to over one trillion for the first time, up from the 684.1bn estimated in 2019.
Of the 41 markets studied, 28 (68.3%) saw quicker growth in non-cash transactions between 2013 and 2017 than in cash in circulation. Notable exceptions include South Korea, Singapore, the UK and the US. However, South Korea, the UK and the US all pla