Revenues in the global payments industry that eroded in 2020, the first full year of the pandemic, were recouped—and then some—in 2021, growing at 11 percent and pushing revenue projections to $3 trillion by 2026. Partner Philip Bruno and coauthors found that overall revenue growth averaged 3 percent during the past two years, surpassing more pessimistic predictions.

Global payments revenues increased 11 percent globally in 2021.
We strive to provide individuals with disabilities equal access to our website. If you would like information about this content we will be happy to work with you. Please email us at:

To read the article, see “The chessboard rearranged: Rethinking next moves in global payments,” October 7, 2022.