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Confirmed by the European Central Bank’s recent announcement of four percent growth in the EU, global payments volumes continued to grow in 2009, despite economic pressure from the financial crisis according to findings from the World Payments Report 2010, announced today by Capgemini, RBS and Efma. This followed a period of overall growth in non cash-payments which accelerated to nine percent in 2008 from seven percent in 2007. The rate of growth in non-cash payments volumes in 2008 was far faster in developing economies, such as China (29 percent), South Africa (25 percent) and Russia (66 percent), than in mature markets, such as North America which had a growth rate of four percent. The World Payments Report 2010 examines the latest trends in the global payments landscape including...
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