Digital commerce and the rise of alternative payments methods

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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