Non-cash payments transactions grow to 250bn and global transaction services remain significant contributor to revenue reveals the 5th annual World Payments Report from Capgemini, RBS and Efma.
Covering Europe, North America and Asia, the World Payments Report 2009 reveals the resiliency of the payments industry amid weak global economic conditions and a challenging time for the banking industry.
Including the latest updates on SEPA and PSD, this year’s report explores the challenges presented by new market conditions. With the evolution of global transaction services, banks are increasingly exploring: changing product mixes, improving instrument profitability, consolidating transaction processing to capitalize on scale, and reducing the cost of operations.
The World Payments Report 2009 examines these areas, drawing on 36 interviews conducted with 16 major banking players and 20 of their corporate clients.