Capgemini and BNP Paribas have published a special online edition of World Payments Report, which provides in-depth analysis of the global non-cash transaction market and a review of key regulatory and industry initiatives (KRIIs). This is a preview of the global payments landscape; forward-looking analysis and further industry assessment will be published in the full report release in October.

Non-cash markets and trends

This excellent report’s key overall findings deliver no surprises:

• global non-cash transaction volumes grew 11.2% during 2014–2015 to reach 433.1 billion, the highest growth of the past decade, and slightly above last year’s prediction
• debit cards and credit transfers were the leading digital instruments in 2015, while check usage continues to decline globally
• despite the increased adoption of digital payments, cash continues to be in the mainstream, especially for low-value transactions.

A typical chart compares the non-cash transactions and changes in payment mix per region:

Source & Copyright©2017 - Capgemini

Key Regulations and Industry Initiatives

The problem with all the new regulations and industry initiatives (catchily called KRII) is how to understand what it means for your company, or in the type of payment that you are using, or in your region. This where this report is really useful for the corporate treasury department. Capgemini have reviewed the main KRIIs in various ways:

• the potential to achieve substantive results in terms of regulators’ primary objectives—risk reduction, standardization, competition and transparency, and innovation—in the short term
• how the scope of competition and inovation varies
• global and regional impact of each KRII on Payment Service Providers and PSUs.

These reviews are interesting and important, but it is the description and update on the position of each KRII that will be invaluable to the corporate treasury department. See e.g. of the first three entries:

Source & Copyright©2017 - Capgemini

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CTMfile take: Another tour-de-force from Capgemini which will also be useful to the corporate treasury department.