CMSPI is proud to launch its first annual State of the Industry Report (SOIR), produced in partnership with CMSPI’s Insights Advisory Council (IAC). Our Insights team has synthesized a wide range of publicly-available sources and conducted expert analysis to generate the SOIR. Wherever possible, global case studies are used to illustrate overarching trends. Throughout, a strong focus is placed on the U.S. given its instrumental role in the development of card-based payments infrastructure and the latter’s so-far unrivaled dominance in the global payments industry.

We’d like to thank everyone involved in producing this report – from our fantastic Insights team to our thoughtful and deeply knowledgeable IAC members. We hope you enjoy reading it as much as we enjoyed putting it together.