Sources

1. McKinsey & Company. "Global Payments 2024: Simpler Interfaces, Complex Reality." McKinsey Financial Services, December 2024. Link
2. FT Partners. "B2B Payments: Innovation Driving $120T+ Market Opportunity." Financial Technology Partners Research, October 2023. Link
3. Visa. "Making Sense of Stablecoins: Market Overview and Trends." Visa Perspectives, November 2023. Link
4. J.P. Morgan. "Payments Are Eating the World." J.P. Morgan Treasury Services Research, December 2023. Link
5. Houlihan Lokey. "Fintech Market Update Q1 2024." Financial Institutions Group, January 2024. Link

Citations

1. McKinsey & Company. "Global Payments 2024: Simpler Interfaces, Complex Reality." McKinsey Financial Services, December 2023. Link
   • Global Volume 2024: $1.8 quadrillion
   • Transactions 2024: 3.4 trillion
   • Revenue 2024: $2.4 trillion
   • US Credit Cards: $5.6T
   • US Debit Cards: $4.4T
2. Financial Technology Partners. "B2B Payments Report 2024." FT Partners Research, December 2023. Link
   • US B2B Payments: $29 trillion
   • Check B2B Payments: 50% of volume
   • B2B 2024 Volume: $83 trillion
   • B2B 2028 Forecast: $124 trillion
3. Visa. "Making Sense of Stablecoins." Visa Perspectives, December 2023. Link
   • Stablecoin Supply: $160 billion
   • Adjusted Transaction Volume: $5.5 trillion
   • B2B Commercial Payments: $145 trillion
   • Commercial + Money Movement: $200 trillion
4. J.P. Morgan. "Payments Are Eating the World." Treasury Services, December 2023. Link
   • Global Payment Flows (2020): $240 trillion
   • Remittance Volume (2020): $700 billion
   • Daily Processing: $8 trillion (99% digital)
   • Same-Day Processing: 98%
   • Real-Time Processing: 78%
5. Houlihan Lokey. "Fintech Market Update Q1 2024." Financial Institutions Group, January 2024. Link
   • US Insurance Premium Volume: $2.8 trillion
   • P&C, Life, Annuity, Health Insurance Coverage