The global payments industry is experiencing unprecedented digital transformation, with non-cash transactions growing nearly fivefold over the past decade according to the Capgemini Research Institute's World Payments Report 2027. As reported by Business Standard, these digital payments are now positioned to double again by 2030, marking a significant acceleration in the adoption of digital payment methods across retail, commercial, treasury, and cross-border transaction ecosystems. What began as the digitisation of consumer payments is now reshaping the broader flow of commerce across various sectors of the economy.
The payments landscape is undergoing fundamental changes in both scale and composition, with new digital payment instruments steadily capturing market share from traditional methods as reported by Capgemini. While cards continue to dominate global payments, digital options such as instant payments and e-money have become increasingly mainstream, reshaping how consumers and businesses interact with money in the digital economy. The report indicates that the payments industry is not only growing in scale but also changing in composition, with new digital payment instruments steadily capturing B2B and B2C market share from traditional methods.
Looking ahead, Capgemini estimates that stablecoins, tokenised deposits, and central bank digital currencies (CBDCs) will account for approximately 4 per cent of global payments volume by 2030, as reported by Business Standard. This projection underscores the emergence of new digitally native forms of value transfer that are reshaping the broader flow of commerce across various sectors of the economy. The digitisation of commercial activity is fundamentally redefining business operations, creating new requirements for how money moves across commercial ecosystems.
The digitisation of commercial activity is fundamentally redefining business operations, creating new requirements for how money moves across commercial ecosystems according to the Capgemini report. Digital payments now sit at the centre of economic activity, creating new expectations for immediacy, transparency, security, and interoperability in how businesses buy, sell, finance, and manage operations across various sectors of the economy. This transformation is reshaping how businesses operate, with digital payments becoming the foundation for modern commerce and financial operations.
