POS Data in the 2024 Global Payments Report

Today, digital innovations generate an ever-expanding array of payment types. Consumers have more payment options than ever.
pos has shown an important role in the payment industry, whether it is the situation of credit card payment, or the scan code payment mode depends on the support of POS hardware. At the same time, POS supports printing receipts and labels, which facilitates People's Daily life. In this report, the global share of POS payments is also increasing.

GLOBAL POS PAYMENT METHODS：

Digital wallets expanded their dominance in global POS payments in 2023. They represented approximately 30% of the global POS transaction value, amounting to more than $10.8 trillion. Digital wallets are also the fastest-growing POS payment method, with a 16% CAGR projected until 2027. At that time, they are expected to account for approximately $19.6 trillion in POS spending.

Digital walletsCredit and debit cards remain the mainstay in point-of-sale transactions worldwide, jointly accounting for approximately half of all POS transaction value. In 2023, credit cards were responsible for 27% of global POS spend (over $10 trillion), while debit cards accounted for 23% (over $8.3 trillion).

The use of cash continued to decline in 2023, constituting 16% of global POS spend – approximately $6 trillion – a transaction value drop of 8% compared to 2022. Cash is forecast to decrease at a -6% CAGR through 2027, when it is projected to represent 11% of global POS spending (over $4.6 trillion).