New Delhi, 22 September (IANS). Global payment revenue is estimated to increase by $ 2.4 trillion by 2029. This information was given in a report on Monday.
The Boston Consulting Group (BCG) report states that real-time account-to-account (Atua) payments are becoming increasingly popular and India’s UPI is now doing more than 19 billion transactions every month.
Although the annual growth rate may be reduced to 4 percent in the next five years, the industry is going to have a major change as agentic AI, digital currency and fintech business models are shaping the next wave of expansion.
BCG’s managing director and partner Vivek Mandhata said, “Payment is no longer limited to money transactions; it is about shaping the structure of trade and financial autonomy. Real-time atua, digital currency and agentic AI will decide that the trillion dollars will flow both inside and outside the country. do.”
Indrapreet Batra, managing director and senior partner of BCG and Global Head of Payment and Fintech Segment of Firm, said, “This is a significant turn for the industry. Traditional growth factors are no longer as effective, but new factors like agentic systems, programmable money and fintech innovation are rapidly. You will find, they will be ahead in the next decade. “
The report said that the revenue growth rate may be reduced to 4 percent annually after the growth rate of 8.8 percent annually from 2019.
Transaction-based revenue remains strong, while the deposit margin has declined.
The report states that agentic AI is likely to have more than 1 trillion dollars on e-commerce expenses.
Stabilcoin’s volume has reached $ 26 trillion, although real world payment is only 1 percent of it. This market is still focused on facilitating crypto trading.
In addition, Payment Fintech earned a $ 176 billion revenue in 2024 and is growing at a rate of 23 percent annually. Fintech companies, which pays attention to the payment, have raised over 135 billion equity funding in the last 25 years and are now 45 percent of the total Fintech Revenue.
Real-Time Atu Payment Volume increased by 40 percent worldwide in 2024.
These systems are now about a quarter of digital retail payments worldwide and more than 50 percent of transactions are part of transactions in select markets like India and Brazil.
BCG managing director and partner Marcus Emburger said, “We are entering a period where growth and complexity will grow together.”
-IANS
SKT/