Central Banking

Global payment volumes grow 9%

Getting euros from a cash machine

Global use of non-cash payments continued to grow in 2008 and into 2009 despite the impact of the financial crisis, according to a report launched Tuesday.

The World Payments Report, now in its sixth year, found that the use of non-cash payment instruments grew 9% in 2008, up from 7% the year before.

The total number of non-cash transactions was 269 billion, said the report, which is published by CapGemini, a consultancy, RBS, a UK lender, and the European Financial Marketing Association, a

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