Global payments revenue expected to hit US$2.4 trillion by 2029 amid tokenisation surge

A new industry report projects global payments revenue will rise to US$2.4 trillion by 2029, propelled by tokenisation, embedded finance and real-time account-to-account networks. Real-time transfers grew ~40% globally in 2024, fintechs made ~US$176 billion in revenue in 2024 (up ~23% y/y) and up to 50% of acquiring revenue is expected to derive from embedded-finance value-added services by 2027. The data point to structural shifts in payments infrastructure and monetisation, offering opportunities for fintechs, banks and payment-network providers to capture value in adjacent services beyond traditional acquiring.