The 2025 Global Payments Report

McKinsey & Company· June 13, 2026

McKinsey & Company has launched its 2025 Global Payments Report, offering a comprehensive look at the state of the worldwide payments ecosystem. The report matters because it identifies the strategic priorities and revenue drivers that will shape the industry's evolution over the coming year.

Read the full story at McKinsey & Company

Summary generated by RabbitReport AI from public reporting. The full article and original reporting belong to McKinsey & Company.

More in Payments & Money Transfer

Sector trends

The European and UK payments sector is experiencing a surge in M&A activity driven by a pursuit of scale, innovation, and the divestment of non-core assets. Major transactions, such as Global Payments' multi-billion dollar acquisition of Worldpay, highlight a landscape where established banks are increasingly migrating toward partnership models. These shifts occur alongside significant changes in consumer behavior, including the near-total dominance of contactless payments in the UK and a strategic re-evaluation of cash usage in Nordic countries.

June 13, 2026

Fintech Market Size, Share | Industry Report 2035

The global fintech market is forecasted to grow from $431 billion in 2025 to nearly $1.99 trillion by 2035, maintaining a compound annual growth rate of 16.52%. This expansion is driven by a fundamental shift toward digital payment solutions, mobile banking, and the integration of blockchain and artificial intelligence. For the payments and money transfer sector, these developments indicate a move away from cash-based systems in favor of contactless transactions and decentralized financial frameworks.

June 13, 2026

Remittances and money transfers in 2025: A year in data

The global remittance and money transfer market in 2025 was characterized by a continued transition toward digital platforms despite significant geopolitical headwinds. While the sector saw robust revenue growth driven by digital adoption, political developments in the United States disrupted key transaction corridors. These shifting dynamics have forced industry players to re-evaluate their strategies, leading to major consolidation such as Western Union’s acquisition of Intermex.

June 13, 2026

The Marketplace for Money Transfers to the Dominican Republic: An Assessment

The Dominican Republic's money transfer market has experienced substantial growth, with remittance volumes doubling between 2015 and 2024 driven by increased transaction frequency and higher principal amounts. This expansion is supported by a mature infrastructure of 12 remittance service providers and 100 payer institutions, including banks and exchange houses. For the payments sector, the market represents a high-volume corridor characterized by unique demographic trends and a shift toward treating money transfers as a competitive commodity linked to financial inclusion.

June 13, 2026