Capgemini Sees Debit Cards Taking Over from Credit Cards, Reports

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Mobile payments continue to show exponential growth

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Big4, the premier social networking forum for professionals and alumni of Accenture, Andersen, BearingPoint, Capgemini, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers PwC reports debit cards continue to gain market share from credit cards, and the use of electronic and mobile payments continues to show exponential growth. notes that the World Payments Report (WPR) 2012 released this month by Capgemini, RBS, and Efma also shows the fact that the BRIC (Brazil, Russia, India, China) concept is no longer valid in payments, with Brazil now the second-highest ranking country by payment volumes after the US. also notes that there were an estimated 28.3 billion electronic and mobile payment transactions globally in 2011. Projections have e-payments at 31.4 billion by 2013.

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Kristy Short
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