Digital wallets dominate payments but account-to-account grows

Global account-to-account transaction value surpassed $525bn in 2022 and is projected to grow at 13% to 2026.

by Barbara Pianese

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Digital wallets remain the leading payment method globally in e-commerce with a 49% share, but account-to-account (A2A) payments are taking off, driven by real-time payment rails, according to the 2023 edition of The Global Payments Report by Worldpay from FIS. Global A2A transaction value surpassed $525bn in 2022.

In 2022, there were 64 live real-time payment schemes globally, four more than were reported in 2021.

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Barbara Pianese

Barbara Pianese is the Latin America editor at The Banker. She joined from Mergermarket, where she spent four years covering mergers and acquisitions across Europe with a focus on the consumer sector. She holds an MA in International and Diplomatic Affairs from the University of Bologna having studied in Brazil and France as well.

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