Respondents from Asia-Pacific had a different opinion on which area in the world is to be a hotbed for payments innovation than those from the Americas. When asked in a survey held during a fintech event, the United States was seen by most attendees to be the most likely geography in the world for payments innovation. Notable, however, are the responses from Asia-Pacific attendees: They placed India and Japan far higher than their counterparts from the Americas or the EMEA. To some extent this is not uncommon, as respondents generally favored their own areas. EMEA attendees, for example, were more likely to name "Africa", while respondents from the Americas looked at South America. The source mentions, however, that the answers given by the Asia-Pacific respondents were "marked[ly]" different. This is likely caused by the UPI, or the Unified Payments Interface, in India, a digital payments infrastructure rolled out by the country's central bank and is believed to the biggest real-time payment scheme in the world.
Areas in the world most likely to spearhead payments innovation between 2022 and 2027, according to respondents
Key geography for payments innovation, according to respondents:
Total respondents
Respondents from Americas
Respondents from Asia-Pacific (APAC)
Respondents from Europe, Middle East, Africa (EMEA)
visitors to fintech event Money20/20, or who saw their marketing channels
Supplementary notes
The source does not provide information from which countries its respondents were from. It does add it has networks in the U.S., Europe, and Asia.
The source does not provide any information on the respondents. It adds that a fintech event was used to promote the survey, so the background of respondents can vary.
The source does not provide information on the original wording used during the survey. Thus, the wording chosen for this statistic may differ slightly from the one in the survey.
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Barclays. (April 5, 2023). Areas in the world most likely to spearhead payments innovation between 2022 and 2027, according to respondents [Graph]. In Statista. Retrieved December 14, 2024, from https://www.statista.com/statistics/1386550/payment-innovators-worldwide-by-geography/
Barclays. "Areas in the world most likely to spearhead payments innovation between 2022 and 2027, according to respondents." Chart. April 5, 2023. Statista. Accessed December 14, 2024. https://www.statista.com/statistics/1386550/payment-innovators-worldwide-by-geography/
Barclays. (2023). Areas in the world most likely to spearhead payments innovation between 2022 and 2027, according to respondents. Statista. Statista Inc.. Accessed: December 14, 2024. https://www.statista.com/statistics/1386550/payment-innovators-worldwide-by-geography/
Barclays. "Areas in The World Most Likely to Spearhead Payments Innovation between 2022 and 2027, According to Respondents." Statista, Statista Inc., 5 Apr 2023, https://www.statista.com/statistics/1386550/payment-innovators-worldwide-by-geography/
Barclays, Areas in the world most likely to spearhead payments innovation between 2022 and 2027, according to respondents Statista, https://www.statista.com/statistics/1386550/payment-innovators-worldwide-by-geography/ (last visited December 14, 2024)
Areas in the world most likely to spearhead payments innovation between 2022 and 2027, according to respondents [Graph], Barclays, April 5, 2023. [Online]. Available: https://www.statista.com/statistics/1386550/payment-innovators-worldwide-by-geography/