“Lifted by the global shift away from cash, buoyed by the uptake of electronic transactions, and amplified by big tech and fintech innovations, payments revenue worldwide is on track to grow by 5.9% annually through 2028—extending an unbroken streak that began in the aftermath of the 2008 recession. However, achieving growth above GDP levels will be challenging for incumbent players. To succeed, they must accelerate digitization, gain scale, and tap the potential of emerging markets.”