Source: 2019 payment volume based only on global settled payment volume processed directly over Visa or certain Visa-Affiliated Networks. Card not present (CNP) defined as ECI codes 2, 5-9, is a proxy for ecommerce and may not completely categorize ecommerce volume correctly due to regional differences in reporting; Card present (CP) defined as all other codes. 2024 forecast growth for ecommerce is based off Visa’s 2012-2017 CAGR, averaged with eMarketer’s Worldwide Retail & Ecommerce Sales 2016-2021 forecast of growth. CP 2024 forecast based solely off Visa’s 2012-2017 historical growth. Forward-looking estimates are not guarantees of future performance and should be used for educational purposes only.
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