@SnowUnderSun 28 August 2020 more from that month

World Payments & Non-Cash Transactions Overview *This is the 3rd post for providing some infos about crypto based fintechs. Click on my name to read to read other posts.*   Payments sector is really huge market and great potential for crypto fintech startups. Non-cash transactions include remittance is significant.   ***1- Key Points*** Global non-cash transactions volume grow %9 to %10 every year. Expected to be 2.4 trillion USD in 2020. Accelerated in Emerging Asia ( %25.2 ) and CEMEA ( %17.1 ) Mature area markets growth rate is around %4 to %7  Global e-wallet transactions volume was in 42 billion USD in 2016 Top20 Big Techs such as Amazon, E-bay, Alibaba, Google, Apple, etc get %71 of entire e-wallet transactions in 2016. There is no " one-fits-all " strategy to enter or grow in the e-payments. Needs tailor-made solutions on targeted customers habits, on weak points in country profiles of payments, on culture-effected digital adoption differencies. Cards and fiat based e-wallets are still dominant in the market but crypto-based ones increased at helluva rate. In BNP Paribas research, crypto based payments & remittance transactions will have %11 market penetration in 2025. Sub-saharan Africa, South East Asia and mid-south America will get lion's share on it. ***2 - Key Regulations and Indusry Initiatives ( KRII )*** Regulatory sandboxes and initiatives by industry will have major impact in sector between 2019 to 2021.  Take a look at below infographic. Also expected some steps from FATF & FinCen.

here is also another chart for in different point of view.

***3- Weak Points in Crypto based / DLT payments & remittance. (CapGemini research 2018 )*** Lack of interoperability of standarts : %85 Lack of vision due the key positions occupied by IT : %83 Lack of clarity in regulations : %83 Scalability : %77 Security : %66