Too Big to Ignore: Hidden Payments Volume Estimated to Be At Least 10% of Non-Cash Market

Hidden payments transaction volume is estimated to have reached 24.5–40.9 billion in 2014. At the upper end of this range, hidden transaction volume could be as big as 10% of the total estimated non-cash transactions for 2014. Moreover, our estimates may be conservative: some senior industry executives interviewed for WPR 2015 believe the market size could be as high as 20% of the reported numbers.

Hidden Payments Market Estimation, 2014

Hidden Payments Market Estimation, 2014

Note: Hidden payments are those not statistically reported under traditional payments instruments such as debit/credit cards, checks, direct debits, and credit transfers. Our methodology to estimate transaction volumes of hidden payments is likely to be conservative and the actual number might be much higher

Source: Capgemini Financial Services Analysis, 2015; Global Prepaid Opportunity, MasterCard, 2012, An Inside Look At The Starbucks App, The Most Successful Mobile Payments System In The US, September 2014; www.paypal.com; “Alipay 2014 Spending Report Sheds Light on Chinese Online Spending Behavior”, December 2014; “China’s poorer, remote provinces are taking the lead on mobile payments”, December 2014; Central Bank of Kenya, May 2015; www.blockchain.info