Top insights from the 2018 World Payments Report
Capgemini's 2018 World Payments Report is out, and it has some alarming predictions.
While digital payments are rapidly taking over, there are some exceptions. For those in North America — home to tech hubs such as California's Silicon Valley, Atlanta's Transaction Alley and Toronto's MaRS district — the region's reliance on old payment formats is holding it back on the global stage.
China is a force to be reckoned with in digital payments, spearheaded by Alipay and WeChat Pay. But is this a threat to traditional payment systems, or just the first sign of a transformation that will affect all economies?