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The Graphic Truth: The digital payment boom

October 07, 2022

Gabrielle Debinski

and

Ari Winkleman

A graphic of digital payment volumes around the world.

GZERO Media

Advanced economies have long been turning to digital payment systems to boost commercial opportunities and circumvent traditional banking sector fees. In more recent years, populations across emerging market economies – many grappling with financial implosions and hard currency shortages – have also been tapping into fintech solutions to send money to families abroad and conduct business internationally. Across Africa, Asia, and Central America, the adoption of digital payment systems is projected to surge over the next few years. We take a look at the value of digital payments by region since 2017 and projections through 2027.

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The Graphic Truth: The digital payment boom

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This week World Bank announced a bold initiative to bridge the gender divide by creating more economic opportunity, broadening female leadership, and reducing gender-based violence in the next 5 years as 2030 approaches.

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Subscribe to GZERO Media's newsletter: Signal

Kyiv says that roughly 12,000 North Korean troops are in Russia, a far greater number than reported by the US, though it remains unclear precisely how many have entered what Ukraine referred to as the “combat zone.”

Georgian Dream insists the country is still on track to join the EU, as critics accuse the party of pushing Georgia in an increasingly anti-Western, authoritarian direction.

In 2001, a Goldman Sachs economist coined an acronym for the four largest and most promising “emerging market” economies: Brazil, Russia, India, and China became known as the “BRIC” countries.

With the latest polls still showing Donald Trump and Kamala Harris neck and neck in the swing states, both candidates are heading to Texas, a far less competitive state, with hopes of reaching key voter groups nationwide.