Global trends in the payments market

Cash use is declining in many parts of the world, and more and more countries need to take action to address this trend. Digital payments are gaining ground, not least through instant payment systems. To make cross-border payments more efficient, efforts are under way to link payment systems across national and currency borders. At the same time, the deteriorating geopolitical situation is contributing to a fragmentation of the global payments market. Work is also under way on various forms of central bank digital money around the world, with an increasing focus on central bank money for financial institutions, known as wholesale CBDC (Central Bank Digital Currency).

Published: 10 March 2025