MANAMA: Bahrain’s payment revenues will nearly double to $485 million by 2030, fuelled by an accelerating decline in cash usage and increasing adoption of e-commerce, a new report by Boston Consulting Group (BCG) has forecast.
From 2015 to 2020, payment revenues in the kingdom increased by 23 per cent to $256m and are seen surging to nearly half a billion dollars by the end of the decade, says the report titled ‘Global Payments 2021: All In for Growth’ .
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