Contactless payments to drive global card expenditures

Global spending via payment cards is expected to reach $45.2 trillion by 2023, representing average annual growth of 10% from 2017 to 2023, according to London-based research firm RBR. The firm’s report, “Global Payment Cards Data and Forecasts to 2023,” stated that $25.1 million worth of purchases were transacted via payment card worldwide in 2017, up from 13% the previous year.