Proof Point
Percentage of adults globally who use bank accounts to make or receive digital payments grew from 41% in 2014 to 52% in 2017, driven by increased usage in developing economies
Share of Banked Adults Who Made or Received Digital Payments Worldwide
2014 – 2017 (percentage)
| Note: | Data from World Bank’s 2017 Global Findex Database of more than 150,000 adults aged 15 years old and above in over 140 economies |
Proof Point Findings
- Digital Payments – Transactions where goods or services are paid using Internet-enabled devices
- Digital Rise – 52% of adults globally reported to have used their bank accounts in making or receiving digital payments in 2017, increasing from 41% in 2014, primarily driven by growth in developing economies, according to World Bank
- High Usage in High-Income Economies – Adults from high-income economies (91%) more inclined to use digital payments than those from developing economies (44%) in 2017
- Key Growth Drivers – Include increasing accessibility of financial products and services, growing number of banked adults, particularly in developing economies, continuous proliferation of merchants who accept online payments, and increasing adoption of online banking technologies
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Market Disruption |
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Source |
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Date Last Updated |
November 21, 2018
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