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SWIFT – Payments revenue to hit $2.4 trillion by 2027

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The payments industry remains one of the brightest spots on the financial services landscape, according to a report from the Boston Consulting Group (BCG) and SWIFT, which predicts global revenue to grow by more than $1 trillion by 2027.

Payments revenue grew at a CAGR of 6.8% globally between 2010 and 2017, when it reached $1.27 trillion, says the report. BCG predicts the trend will continue over the next decade, with CAGR of 6.6%, outpacing global nominal GDP growth, to create a $2.42 trillion market in 2027.
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