The Bank for International Settlements' Committee on Payments and Market Infrastructures (CPMI) has published a CPMI Brief using 2024 Red Book statistics to map retail payment trends, showing continued global growth in cashless payments as fast payments and cards expand, while cash remains in use as cash in circulation largely stabilises even as cash withdrawals decline. In emerging market and developing economies, cashless payments rose 21% to 242 per person in 2024, driven mainly by credit transfers and, in many jurisdictions, fast payments. Advanced economies recorded a higher level of cashless payments at 579 per person, up 6%, with growth primarily led by cards (361 card payments per person in 2024, versus 95 in EMDEs). The value of cashless payments as a share of GDP plateaued in advanced economies and increased 3% in EMDEs, with credit transfers accounting for most cashless value (86% in AEs and 94% in EMDEs). Fast payments reached 49% of total cashless payment volumes in EMDEs (up from 43%) and remained around 10% in AEs, with Brazil (298), Korea (189) and Argentina (149) recording the highest per-capita use in 2024. Cash in circulation averaged about 9% of GDP in AEs and around 6% in EMDEs, while cash withdrawals as a share of GDP continued to fall (6% in AEs and 11% in EMDEs) alongside fewer withdrawals per capita and higher average withdrawal values (USD 246 in AEs and USD 76 in EMDEs in 2024). The Brief also notes that ATM and branch networks continued to shrink in some jurisdictions and stabilised in others, and that observed correlations between access points and cash withdrawals do not establish causality.
Bank for International Settlements - Committee on Payments and Market Infrastructures 2026-04-27
Bank for International Settlements Committee on Payments and Market Infrastructures charts accelerating cashless payments and fast payments growth while cash demand stabilises
The BIS Committee on Payments and Market Infrastructures has published a Brief using 2024 Red Book statistics showing continued global growth in cashless payments, driven by fast payments and cards, while cash in circulation stabilises and withdrawals decline. Cashless payments per capita rose 21% in emerging market and developing economies to 242 and 6% in advanced economies to 579, with fast payments accounting for 49% of volumes in emerging market and developing economies and around 10% in advanced economies. The Brief also reports shrinking or stabilising ATM and branch networks and notes that correlations between access points and cash withdrawals do not imply causality.