The World Payments Report interactive site lets you dig deeper into the global payments landscape by viewing regional and global non-cash payments transactions and mix through customizable graphs, exploring regulatory and industry initiatives, and reading about 10 years of global payments reporting and innovation.
All interactive graphs use data from the World Payments Report 2009-2014. Read the Methodology section below for information on how report data is calculated and sourced.
Using The Website
From the Home page, click the Data menu to jump straight to information on key topics:
- Non-cash Transactions Globally & Regionally lets you explore the number of non-cash transactions across six regions and six years.
- Transactions Volume: Top 10 Markets lets you view the number of non-cash transactions in the top 10 markets for 2012–2013.
- Non-cash Transactions per Inhabitant where you can build customized graphs with data from 27 countries across five years.
- Hidden Payments Market looks at the transaction volumes from non-banks which are not accounted for in traditional non-cash payments volumes.
- Changes in Payments Mix provides customizable graphs to compare non-cash transactions and change in payments mix across six regions and three years.
- Key Regulatory & Industry Initiatives (KRIIs) includes four key industry transformation trends which are driven by KRIIs; a heat map of global and regional KRIIs; and a chart that shows the overlapping impact of KRIIs on industry transformation trends.
- Singapore Non-Cash Payments Market takes a look at how collaboration is the key to success in Singapore's non-cash market.
- Immediate Payments as a Core Enabler explores how immediate payments are a catalyst for banks to add value and develop holistic solutions.
- Phased Approach for Immediate Payments shows how adopting a transformational approach can help implement immediate payments
Creating Custom Graphs
Customizable interactive graphs are available covering the number of worldwide non-cash transactions; comparison of non-cash transactions and change in payments mix; number of non-cash transactions per inhabitant. To customize your graph, use the pull-down menus to select regions, countries or years. You can post graphs to Facebook, Twitter, LinkedIn or Google+ using the Share button at the bottom of the screen.
You must Register on the site in order to download reports. If you are already registered on another FS world report website (e.g., World Wealth Report, World Retail Banking Report) then you can use the same login and password for the World Payments Report site.
This website uses data that is published in the World Payments Report 2008 to 2015. More data may be available through paid engagements by using the Contact Us form.
This year’s World Payments Report offers insights on the payments markets in the following geographical areas:
- North America: Canada, and the U.S.
- Europe: Fourteen Eurozone countries: The 13 countries that were members of the Eurozone in 2007: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Slovenia, and Spain and Slovakia which joined the Eurozone in 2009. (Cyprus and Malta, which joined in 2008, and Estonia in 2011 are not the part of WPR 2014 non-cash transaction analysis.); and four non-Eurozone countries: Denmark, Sweden, Switzerland, and the U.K.
- Mature Asia-Pacific: Australia, Japan, Singapore, and South Korea.
- Emerging Asia: China, Hong Kong, India, and other Asian markets.
- Latin America: Brazil, Mexico, and other Latin American markets.
- Central Europe, Middle-East, Africa (CEMEA) includes Poland, Russia, Saudi Arabia, South Africa, Turkey, Ukraine, Hungary, Czech Republic, Romania, and other Central European and Middle Eastern markets.
Data for Australia, Brazil, Canada, China, Hong Kong, India, Japan, Mexico, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Turkey, and the U.S. were taken from the latest Bank for International Settlements (BIS) payment statistics Red Book (2013 data released December 2014). Data for Europe, Romania, Czech Republic, Hungary, and Poland were taken from the ECB Statistical Data Warehouse (2013 data released September 2014). For the remaining countries, data were taken from central bank publications and websites. Macroeconomic indicators (gross domestic product and population) were collected from the World Bank.
Total non-cash transactions is the sum of check, debit card, credit card, credit transfer, and direct debit transactions. Due to the numerous revisions in official data made by the sources, along with changes in reporting methodology by various countries, data for previous years may diverge from data initially reported in WPR 2014. Wherever data was unavailable or substantially different, data were estimated on a linear basis. There were no major changes in methodology, and for all other countries, we used the latest data published, even if restated for previous years.
Because of lack of reliable historical data trends, data for some countries have been estimated and grouped under the appropriate regional heading: other Asian countries, other Latin American countries, or other CEMEA countries. We have fine-tuned our model to make our estimates more robust, however there were no major changes to the methodology:
- Other CEMEA countries now include Bulgaria, Croatia, Kenya, Nigeria, Egypt, Israel, and UAE.
- Other Latin American countries now include Argentina, Colombia, Venezuela, Chile, Peru, Uruguay, Costa Rica, Bolivia, and Paraguay.
- Other Asian countries now include Malaysia, Thailand, Indonesia, Philippines, Taiwan, Pakistan, Sri Lanka, and Bangladesh.
For worldwide macro descriptive graphs (number of transactions per region), six regions were defined: Europe without Russia and Poland, North America, Mature Asia-Pacific (Japan, Australia, South Korea, Singapore), Emerging Asia (China, Hong Kong, India, other Asian markets), Latin America, and CEMEA, grouped by geographic, economic, and non-cash payment market maturity criteria.
2014 Non-cash Transaction Estimations
The non-cash transactions estimations for 2014 were calculated using our forecast model, which has been further enhanced since WPR 2014 as part of our ongoing improvements to size up-to-date trends for our readers, despite the delays in publication of official data. The model is bottom-up, and takes into account factors such as historical growth rates of non-cash instruments at a country level, the local regulatory environment, and certain macroeconomic factors that can affect the growth of non-cash payments in a region. Also, while most markets have not published actual 2014 numbers at the time of going to print, we have carried out sense-checks with available 2014 numbers that were released in Q2 2015 in order to further validate our estimates.
Hidden Payments Market Estimation
Industry estimate for the overall size of the hidden payments market is derived from various industry and analyst reports. For estimating the transaction volumes of each key category, we have analyzed the data from leading market players. Our model first estimates the market share of leading players for each category and further estimates the percentage of transactions that are not statistically reported under traditional payments instruments. We have further performed scenario analysis to estimate the lower and higher range of hidden payments transaction volumes for each category.
WPR 2015 Online Survey
In addition to executive interviews, our primary research for WPR 2015 included an online survey that was distributed to industry participants across banks, non-bank FSIs, IT and advisory firms (sample size, 411) in May 2015. Findings from the survey have been incorporated in our analysis throughout the report.