A WordPlay report provides that by 2030, digital payments will correspond to cash cards and transactions, reflecting a change in global payment landscape motivated by technological progress and the evolution of consumer preferences.
The 10th edition of the Global Payments report (GPR 2025) gives a complete overview of the landscape of consumer payments to businesses worldwide, in all regions, and in 40 selected markets, which represent 88% of world GDP based on IMF data. The report examines the payment methods used for online and store transactions, highlighting trends thanks to the analysis of the actions of the payment method.
Digital payments, encompassing methods such as digital portfolios, account transfers (A2A), now buy payment services later (BNPL) and cryptocurrencies, increased at an extraordinary rate. The Worldpay report reveals that expenses through digital payment methods went from $ 1.7 billion in 2014 to $ 18.7 billions of dollars in 2024 worldwide, with a projection exceeding 33.5 billions of dollars by 2030.
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Several factors stimulate this change. First, the proliferation of smartphones has changed the situation. The share of mobile devices for global electronic trade expenses tripled from 19% in 2014 to 57% in 2024, projections estimating 64% by 2030. This has fueled the adoption of digital digital payments. Second, the demand of convenience, speed and safety consumers accelerated the passage of money, especially during the pandemic era, which stimulated contactless and online transactions.
Third, innovations such as A2A payment systems in real time replace species in traditionally heavy economies in cash, with A2A electronic commercial expenses which should reach $ 936 billion by 2030, against $ 152 billion in 2014. This rapid growth indicates that digital payments gain not only from the field, but are ready to compete with traditional payment methods such as cash and volume and value cards in the coming years.
The report notably revealed that the value of the payments of payments has dropped over the past decade, but the demand for cash persists. The species was larger ten years ago, representing 44% of global expenditure on a point of sale in 2014, just over 16 billions of dollars.
Despite its importance, Cash was in free fall. It went from 44% of the world value of POS transactions in 2014, to 26% in 2019. The pandemic accelerated the need while contactless payments have skyrocketed. For 2024, the Worldpay estimate of the use of cash around the world represents 15% of the POS value, only a third on its part of 2014 and a reduction value of $ 10.5 billions of dollars.
Nigeria’s digital payment landscape and the card market
The Nigerian Interban (NIBSS) interban regulation system continues to stimulate financial inclusion via instant payments NIBSS (NIP) and NQR, expanding the accessibility of digital payments. According to the World Bank, the banned population of Nigeria increased from 30% in 2011 to 45% in 2021, a significant increase in the decade.
In addition, a spectacular change in the market share of the card scheme has been observed, with a distance from global networks like Mastercard and Visa to Verve, the Nigeria National Card Program. Verve has established a domination in the Nigeria debit card market, as interior transactions in Naira offer costs of costs on international diets denominated by the USD. While the use of debit cards continues to grow, the penetration of credit cards remains relatively low.
In summary, Worldpay forecasts is based on the exponential growth of digital payment methods, in particular portfolios and A2A systems, supported by mobile technology, regulatory support and a global thrust to an economy without species.
By 2030, digital payments could explain the majority of the value of transactions – potentially 79% of online expenses and 53% of store spending – assorting or exceeding systems inherited in cash and cards, marking a central moment in the evolution of how we pay.
