Essential Payment Statistics in 2023(Curated Data)

Written by Shalini Kapoor
Last updated:
Reviewed by Daisy Martinez
Our site offers educational and informational content only, not professional financial advice. Consulting a financial advisor about your particular circumstances is best.

As financial landscapes shift, there’s a growing demand to stay updated with the latest payment statistics. With a multitude of payment methods and evolving technologies, it’s easy to get lost in the tidal wave of information.

To bring clarity, we’ve meticulously analyzed financial reports, engaged with industry insiders, and reviewed authoritative sources. In our article, you’ll find the main payment statistics for 2023. All the key facts are made easy for you. Let’s dive in!

Payment Method Statistics

A variety of payment methods are used by businesses and consumers worldwide. Let’s look at the top payment method statistics to help you make an informed decision.

Digital Payment Statistics

Following are statistics about digital payment that you must know:

  • By 2023, the digital payments sector is projected to reach an estimated total transaction value of $9.46 trillion. (Statista)
  • Digital Commerce stands as the dominant market. It currently has an estimated total transaction value of $6.03 trillion.  (Statista)
  • In terms of global comparison, China leads with the highest cumulative transaction value. It reached US$3,639.00 billion in 2023. (Statista)
  • The total transaction value is anticipated to experience an annual growth rate of 11.80% between 2023 and 2027. This will lead to a projected total of US$14.78 trillion by the year 2027. (Statista)
  • Approximately two-thirds (2/3) of the global adult population currently utilizes digital payments. While in the United States, this percentage is even higher, reaching 89%. (BusinessWire)
  • 70% of respondents express a preference for receiving payments digitally. 73% prefer to conduct their shopping and payments using digital methods. This includes in-app and peer-to-peer transactions.  (BusinessWire)
  • 63 percent of consumers consider digital payments to be the most secure option. (BusinessWire)
  • Approximately 25% of the respondents indicated their intention to reduce or eliminate their usage of cash in the coming year. (BusinessWire)

OnlyFans Money Statistics

OnlyFans is a popular content-streaming platform. Here are a few OnlyFans Money Statistics you will find interesting:

  • OnlyFans boasts a user base of more than 210 million registered members in 2023.   (EarthWeb)
  • The platform is home to over 2.1 million content creators who actively share their content with their subscribers. (EarthWeb)
  • A typical OnlyFans creator earns a modest income of $151 to $180 monthly. This means they put in considerable effort for relatively low compensation. (IncrendiTools)
  • OnlyFans falls under the top fifty most visited websites in the United States. (SEMRush)
  • OnlyFans statistics show that around 500,000 new users join the platform daily. (SmallBusinessBlog)

Digital Payments Fraud Statistics

Banks and financial institutions constantly grapple with the issue of financial crime and fraud. Following are some digital payment fraud statistics you must know. 

  • It is expected that the worldwide cost of fraud will reach $40.62 billion by 2027. (AciWorldwide)
  • 63% of the respondents reported that their organizations encountered fraud activity involving checks.  (JPMorgan)
  • A recent study conducted by Juniper Research indicates that global cumulative merchant losses to online payment fraud are projected to surpass $343 billion during the period from 2023 to 2027. (Juniper Research)
  • One more study from Juniper Research suggests that the losses incurred due to digital payment will exceed $206 billion by 2025. (Juniper Research)
  • As per projections, e-commerce losses due to online payment fraud reached approximately 41 billion U.S. dollars worldwide in 2022. The estimate is anticipated to rise further to 48 billion U.S. dollars this year. (Statista)

Contactless Payment Statistics

  • Juniper Research forecasts a significant surge in total contactless payment transactions, reaching over $10 trillion by the year 2027. (Juniper Research)
  • The study projects an astonishing 221% increase in contactless payments between 2022 and 2026. This indicates a substantial growth trend in this payment method. (Juniper Research)
  • Contactless payment spending per user is expected to almost double, reaching $7,827 in 2026. (Insider Intelligence)
  • The global contactless payments market is projected to reach a value of USD 90.6 billion by 2032. (GlobeNewswire)
  • In 2022, the market was valued at USD 22.4 billion, indicating significant growth over the forecast period. (GlobeNewswire)
  • A Compound Annual Growth Rate (CAGR) of 15.4% is anticipated from 2023 to 2032 for the contactless payments market. (GlobeNewswire)

Online Payment Statistics

Below, we have mentioned interesting statistics about Online Payments.

  • By 2025, digital wallet usage in e-commerce transactions will comprise 52.5% of the global transaction value. (TheFinancialBrand)
  • The report expects that by 2025, almost 39% of purchases made at physical stores will be conducted using digital wallets. This is about ten percentage points higher than the usage recorded in 2021. (TheFinancialBrand)
  • In 2023, the total count of digital buyers has reached 2.64 billion. (Oberlo)
  • This figure accounts for approximately 33.3% of the world’s population, which means one out of every three individuals is an online shopper. (Oberlo)
  • The number of digital buyers in 2023 has increased by 80 million compared to the previous year. (Oberlo)
  • The count of online shoppers is projected to keep growing, reaching 2.71 billion in 2024 and further increasing to 2.77 billion in 2025. (Oberlo)

Mobile Payment Statistics

Let’s look at some interesting Mobile Payment Statistics.

  • The global mobile payment market is predicted to surpass $4.5 trillion in 2023. (Meetanshi)
  • More than 263 million Americans, constituting 80% of the total population, engage in online shopping. (Statista)
  • By 2025, this number is projected to increase to 291.2 million. (Statista)
  • 2,200 U.S. adults revealed that 42% of respondents have utilized mobile wallet payments. (ChainStoreage)
  • Among the participants, 9% have used mobile wallet payments specifically in physical stores. 17% for online purchases, and 13% for both in-store and online transactions.  (ChainStoreage)
  • Only 21% of baby boomers reported using mobile wallets (4% in-store, 13% online, 4% both). Gen Xers showed a slightly higher usage rate at 36% (7% in-store, 18% online, 11% both). (ChainStoreage)
  • In contrast, the adoption rates were considerably higher among millennials. With 53% utilizing mobile wallets. (13% in-store, 21% online, 20% both) and Gen Zers demonstrated the highest adoption at 62% (16% in-store, 18% online, 28% both). (ChainStoreage)

Global Cross-Border and International Payment Statistics

  • As per Juniper Research, B2B cross-border payments worldwide are projected to exceed $40 trillion by the end of 2024. (JuniperResearch)
  • Between 2023 and 2030, consumer-initiated cross-border payments are anticipated to experience nearly double the growth rate compared to its B2B counterpart. (Statista)
  • The B2B cross-border payments market is projected to grow by 43 percent. (Statista)
  • According to the latest report by the World Bank, remittances to low- and middle-income countries (LMICs) are expected to increase by 1.4% to reach $656 billion in 2023. (WorldBank)
  • A survey found that 53% of consumers are using digital apps to send and receive funds internationally. (Visa)
  • 34% of consumers are visiting banks to send and receive funds internationally.  (Visa)
  • From the survey, it was revealed that 12% of consumers opt to send cash, checks, or money orders via mail. (Visa)
  • Additionally, 11% of the surveyed consumers choose to provide money to someone who is traveling to their intended recipient. (Visa)


What are the top digital payment methods used globally?

The top digital payment methods used globally include credit/debit cards, mobile wallets, and online banking.

How prevalent is digital payment fraud, and which regions are most affected?

Digital payment fraud is a significant concern. Regions like North America and Europe experience higher instances.

What are the main factors driving the rise of contactless payments?

The rise of contactless payments is driven by factors such as convenience, speed, and increased adoption of contactless-enabled devices.

Which countries receive the highest remittance inflows?

India, China, and the Philippines are among the countries. 

What are the growth projections for mobile payments in the next five years?

Mobile payments are expected to witness substantial growth in the next five years. 


The payment statistics for 2023 we mentioned above will surely help you. They provide essential insights into the changing landscape of financial transactions. These valuable data points empower businesses, consumers, and policymakers. Ultimately, allowing them to make informed decisions.

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Shalini Kapoor

Shalini Kapoor is a dedicated financial writer and editor at Currently pursuing her Master's in Accounting, she possesses a unique blend of academic rigor and practical insight into personal finance. Shalini is fervent about empowering individuals with actionable financial advice, grounded in her in-depth studies and natural flair for simplifying complex topics. As an editor, she ensures every piece of content meets the highest standards of accuracy and relevance. With a passion for continuous learning, Shalini is not just sharing knowledge but also constantly expanding her own, to benefit the readers of

Disclaimer: The opinions, analyses, and information expressed by this author are for informational purposes only and do not constitute financial, investment, or other professional advice. Always conduct thorough research and consult with a professional before making any investment decisions.

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