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 trad
- Central banks may be thinking wrongly about inflation – Borio
- European Commission announces supervisory agency reforms
- Bank of Russia will be able to handle fallout from failing banks, analysts say
- Riksbank outlines three visions of ‘e-krona’
- Uruguay’s digital currency pilot ‘close to launch’, says governor