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Visa Economic Insights

March 2022

 

5 - 6 Minutes (click play to watch the video)

Watch: The Global Economic Impact of Electronic Payments

Payment cards aren’t just convenient—they help stimulate economic growth in countries around the world. A recent study by Moody’s Analytics, commissioned by Visa, examines the economic impact of electronic payments in 70 countries.

Wayne Best, Visa's Chief Economist, and Mark Zandi, Moody's Analytics Chief Economist, discuss the results of the study which suggest that an increased use of electronic payments—in particular credit, debit and prepaid cards — boosts consumption, which in turn leads to increases in production, jobs, income and GDP.

To learn more about the Moody's Analytics Study click here. 

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