32 global payment processing industry statistics and trends for 2025

Payment processing is expanding rapidly, with the market valued at US$61.1 billion in 2023 and projected to reach US$147 billion by 2032, driven by eCommerce, mobile payments, embedded finance, and cross-border trade. Businesses increasingly depend on processors to support international transactions, local currencies, preferred payment methods, fraud prevention, and regulatory compliance, although nearly half of executives report being unprepared for cross-border eCommerce. Consumer checkout preferences are shaping the sector, as local-currency pricing affects purchase decisions for 93% of global consumers, limited payment options contribute to cart abandonment, and digital wallets, alternative payment methods, one-click checkout, and buy now, pay later services continue to gain traction. Security and compliance remain significant challenges, with 71% of businesses reporting payment fraud attacks in 2023 and relatively low PCI DSS compliance rates, while AI is being adopted to automate compliance and improve fraud detection, potentially reducing related costs by 30%. The material also promotes all-in-one payment platforms, citing Airwallex’s ability to accept more than 160 local payment methods across over 180 countries.

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