Revenue in payments industry worldwide 2017-2022 with 2028 forecast, by region
Latin America, followed by the Middle East and Africa, are forecast to see the highest growth in payments revenue after 2023, with Europe seeing the least. This is according to a model that aims to map out the global payments revenue across the different regions in the world. Latin America had a CAGR of 8.6 percent between 2023 and 2028, over a CAGR of 2.9 percent for North America. The source highlighted both North America and Europe, as both their projected CAGR between 2023 and 2028 was significantly smaller than in the period 2018 to 2023. Asia-Pacific is predicted to reach a payments revenue of nearly 720 billion U.S. dollars by 2028.