Capgemini released its annual World Payments Report in conjunction with RBS this past week at Sibos. The report, which tracks worldwide payments trends, found that non-cash payments increased 8.8% to 307 billion transactions in 2011, and predicted that number increased 8.5% to 333 billion transactions in 2012. That increase was driven by big upticks in non-cash payments in emerging markets. Additionally, a wide variety of payments forms, including credit cards, mobile payments and prepaid products, contributed to the growth in non-cash payments. Here we look at four factors featured in the report that are changing how payments are made around the world.
Jonathan Camhi has been an associate editor with Bank Systems & Technology since 2012. He previously worked as a freelance journalist in New York City covering politics, health and immigration, and has a master's degree from the City University of New York's Graduate School ... View Full Bio