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