The revision sees transactions expected to rise at a compound annual growth rate (CAGR) of 3.5% between 2019 and 2023 due to steady card growth, according to GlobalData. The company’s report, dubbed COVID-19 Sector Impact: Payments, shows that the value of cash withdrawals in the UK is expected to decline by a CAGR of 4% up to 2023, while the value of card transactions will increase by 3%.
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