{"id":16084,"date":"2021-06-16T16:33:50","date_gmt":"2021-06-16T16:33:50","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=16084"},"modified":"2021-06-16T16:33:50","modified_gmt":"2021-06-16T16:33:50","slug":"digital-payment-solutions-replacing-cash-faster-than-ever-before","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/digital-payment-solutions-replacing-cash-faster-than-ever-before\/","title":{"rendered":"Digital Payment Solutions Replacing Cash Faster Than Ever Before"},"content":{"rendered":"<p>PricewaterhouseCoopers (PwC) recently released its <em>Charting a Cause Amid Evolution and Revolution<\/em> study. According to the study, the COVID-19 pandemic has accelerated the move away from cash-based payments by 3\u20135 years, likely resulting in:<\/p>\n<ul>\n<li>The volume of cashless payment transactions increasing over 80% (to 1.9 trillion) by 2025<\/li>\n<li>Digital payments per person tripling by 2030<\/li>\n<\/ul>\n<p>The strongest growth is expected in Asia-Pacific markets, where cashless transaction volumes are likely to increase by 109% by 2025 and by a further 76% between 2025 and 2030. African markets are expected to grow by 78% by 2025 and by 64% by 2030. In Europe, up to 64% more digital transactions are expected to be made by 2025. Lower growth rates are forecasted for the USA and Canada.<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-16084 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Why GPT-4 Is a Big Deal for Financial Service Providers'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/why-gpt-4-is-a-big-deal-for-financial-service-providers\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2023\/03\/a4ff3547-56ae-47e5-fc3d-d44798e4b9151-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-17037\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-17037'>\n\t\t\t\tWhy GPT-4 Is a Big Deal for Financial Service Providers\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Chatbots \u2013 customer service that boosts data security and combats fraud'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/chatbots-customer-service-that-boosts-data-security-and-combats-fraud\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/11\/chatbots-customer-service-that-boosts-data-security-and-combats-fraud-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-14038\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-14038'>\n\t\t\t\tChatbots \u2013 customer service that boosts data security and combats fraud\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='5 steps for financial institutions to secure their digital banking channels'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/5-steps-for-financial-institutions-to-secure-their-digital-banking-channels\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/11\/3a889289-06b5-4748-a89c-708596f32a7c1-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-15548\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15548'>\n\t\t\t\t5 steps for financial institutions to secure their digital banking channels\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>PricewaterhouseCoopers (PwC) recently released its Charting a Cause Amid Evolution and Revolution study. According to the study, the COVID-19 pandemic has accelerated the move away from cash-based payments by 3\u20135 years, likely resulting in: The volume of cashless payment transactions increasing over 80% (to 1.9 trillion) by 2025 Digital payments per person tripling by 2030 &hellip;<\/p>\n","protected":false},"author":12,"featured_media":16085,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16],"tags":[],"class_list":["post-16084","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-fintech","category-international-fintech","bulletin_edition-06_june-fintech-2021","bulletin_edition-fintech-2021","b_post_type-bfc-recommends"],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/16084","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=16084"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/16084\/revisions"}],"predecessor-version":[{"id":16087,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/16084\/revisions\/16087"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/16085"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=16084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=16084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=16084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}