Online card payments set to double by 2022
Research from RBR finds that increasing internet access, smartphone penetration and security are driving rapid growth in e-commerce card payments worldwide
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The number of card payments made online worldwide is set to jump from 29 billion in 2016 to 70 billion in 2022, according to Global Payment Cards Data and Forecasts to 2022, RBR’s highly regarded annual survey of global payment cards. The RBR analysis reveals that the total number of e commerce card payments made worldwide in 2016 was up 28% on the year before and represented 9% of all card payments. It forecasts that by 2022, 14% of all card payments will be made online.