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Electronic payments a big plus for emerging economies: study

With EM consumption growing faster than in developed markets, e-payments can help boost GDP

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Increased electronic payments led to almost the same percentage increase in GDP between 2011 and 2015 for emerging markets - at 0.11 per cent - as for developed countries at 0.08 per cent.

Singapore

IN A nod to the network effect, a Visa-commissioned study by Moody's Analytics on Wednesday showed emerging economies have more to gain in boosting electronic payments.

This comes as developed economies saw a greater boost in consumption through electronic payments, than

sentifi.com

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