Global Payments Revenues, 2023, %

According to McKinsey & Company, the global payments industry processed 3.4 trillion transactions in 2023, representing an astonishing US $1.8 quadrillion in total value. This activity generated a revenue pool of US $2.4 trillion. Cross-border payments, spanning both consumer and commercial verticals, contributed approximately 12% of these global revenues. Notably, commercial payments dominated this segment, accounting for over 70% of cross-border payment revenues.