Consumer Payments: Credit Card vs Cash

Momentum in the transition of consumer payments away from paper and towards card and electronic alternatives is expected to result in total cash and other paper declining by USD1,941 billion and USD453 billion, respectively, over the forecast period. Factors accelerating the transition to paper payment alternatives include increased access to financial services and government policies. Despite substantial growth in card payment value, on a y-o-y growth basis, electronic direct payment value is expected to increase fastest between 2017 and 2022.