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Digital commerce and the rise of alternative payments methods

Digital commerce is driving the rise of alternative payments globally – with quite di­fferent outcomes across regions

Helps financial services companies and other organizations harness digital technology and stay ahead of emerging trends

Payments services account for more than 35 percent of global financial services revenues, and grew 6 percent in 2018, according to McKinsey Panorama. The driving forces behind this growth include electronification and the rapidly increasing digital share of retail commerce; consumer digital payments amounted to $3 trillion in 2017. This infographic provides a view of how alternative payments methods are developing across the globe in this context.

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