Value of digital payments worldwide 2017-2022 with forecasts to 2027, by region
The Middle East and Africa are forecast to see the highest growth in digital payment transaction value between 2022 and 2027, with North America seeing the least. This is according to a model that aims to map out the revenue of digital payments across the different regions in the world. The Middle East and Africa had a CAGR of 8.3 percent between the five years, as opposed to a CAGR of 3.6 percent for North America. The source highlighted both North America and Europe, as both their projected CAGR between 2022 and 2027 was sinificantly smaller than in the period 2016 to 2021. Asia-Pacific is predicted to remain the largest market overall, with a transaction volume of nearly 750 billion U.S. dollars by 2027.