electronic payments

female hands holding credit card and a computer tablet on the table in the office and making a purchase onlain

Electronic Payments Increasing GDP in 70 Countries

According to a Visa-commissioned study, electronic payment products, including debit, prepaid and credit cards, added $296 billion to GDP from 2011 to 2015. They also raised household consumption of goods and services by 0.18% each year. The study, conducted by Moody’s Analytics, also estimates that nearly 2.6 million jobs were created over this five-year period due