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6
Business
Industry andmarket overview
39
Worldline
2016 Registration Document
payments
These newbehaviors generates
6.2.2.2
significant growth in non-cash
Non-cash payment transactions have grown significantly in
recent years, and this growth is expected to accelerate as
electronic transactions increasingly displace cash and checks.
According to A.T. Kearney, the number of non-cash transactions
in the European Union has grown at an annual rate of 6% over
the last 10 years. A.T.
Kearney also estimates that this growth
rate will accelerate to 7% per year from 2020 through to 2025,
reaching 238 billion transactions.
The rise in contactless payments is a significant move towards
electronic means replacing cash for low value transactions.
According to the BCG report “Global Payments 2016”, “growth in
contactless cards in Europe spiked between 2013 and 2015,
growing from less than 2% of card transactions at the POS to
nearly 20%”.
NON-CASHTRANSACTIONS INEUROPE
(IN BILLION TRANSACTIONS)
TCAM*
2025F
238
2020F
170
2015F
128
2010
2%
96
6%
51%
40%
4%
5%
41%
49%
8%
2%
34%
55%
12%
1%
33%
54%
Alternative payments
Cheques
Cards
ACH
+7%
+6%
+6%
CAGR*
* CAGR: Compound annual growth rate
Source: A.T. Kearney- Cashing In on Cashless Commerce (2016).
NUMBEROFNON-CASHPAYMENTTRANSACTIONS PERCAPITAANDPERYEAR INEUROPE (2015)
429 419
398
369
347
329
305
288
262
240
208 202
183 183 176 172
133 130 129 127 127
106
79 79 73
42 37 26
Sweden
Finland
Netherlands
Denmark
United Kingdom
Luxembourg
Estonia
Belgium
France
Germany
Czech Republic
Ireland
Latvia
Portugal
Austria
Slovenia
Croatia
Slovakia
Spain
Lithuania
Poland
Hungary
Malta
Cyprus
Italy
Bulgaria
Greece
Romania
Direct Debits
Credit Transfers
Cards
Source: European Central Bank (ECB) statistical data warehouse