Euromonitor International’s latest research on Consumer Finance shows strong consumer card and electronic payment details global growth from 2017 to 2018. Accelerating card payments have largely come at the cost of cash, which continued its absolute value decline. Driving the growth of cash alternatives has been the adoption of payment policy, incentivizing paper payment alternatives as well as the shift of retail online. Debit card payment value grew the fastest among card functions, but credit value is expected to gain share over the forecast period. The total value lost to fraud from financial cards continued to increase largely driven by counterfeit cards and card not present categories in the US.
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