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DUBAI, (UrduPoint / Pakistan Point News / WAM - 16th Dec, 2024) The ’s payments is poised to achieve significant growth, with total revenues projected to reach $27.3 by 2028, according to the latest Global Payments Report 2024 by Consulting Group (BCG). Despite a global slowdown in growth rates, the continues to in the GCC, driven by its rapid digital transformation and strategic investments in the financial sector. The Global Payments Report 2024 marks BCG’s 22nd annual analysis of the global payments , emphasising the need for decisive action in navigating a rapidly evolving landscape. The report aptly titled Fortune Favors the Bold highlights the importance of adapting to shifting customer expectations, heightened regulatory scrutiny, and technological disruptions. While growth is slowing globally, the remains a bright spot in the region, continuing its high growth and innovation trajectory. Globally, payments revenue growth is projected to slow significantly, with CAGR halving to 5% through 2028, resulting in a global payments revenue pool of $2.3 trillion. This marks a sharp decline the 9% CAGR observed over the previous five years, which pushed the global revenue pool to $1.8 trillion in 2023. North America and are expected to experience the most significant slowdowns, with projected annual revenue increases of just 3%. In contrast, regions like the East, Latin America, and Asia-Pacific are forecasted to see higher growth, with the projected to grow at a 7% CAGR, driven by accelerating digital payments in emerging . The ’s payments sector has seen robust growth in recent years. to 2023, the country’s payments revenue grew $9.8 to $18.8 , with a CAGR of 13.8%. By 2028, the is projected to reach $27.3 in revenues, marking a 45% increase over the next five years. Transaction volumes in the are also forecast to rise significantly, 1.7 in 2023 to over 3.1 by 2028, representing a 78% increase. The shift cash-based to digital payments, spurred by initiatives and increased fintech adoption, continues to drive this expansion.AP Business SummaryBrief at 1:27 p.m. EST20jili 。

Sizing up the growth outlook

It seems difficult to keep Stefanos Tsitsipas away from the spotlight. He often trends on social media, whether it’s for his performances on the court or his outspoken nature. Not always for the right reason, though. The Greek star was again in the eye of a storm – this time for disclosing his favorite childhood memory. Stef put on his nostalgic hat and took a trip down memory lane. In his usual candid manner, the 26-year-old claimed that one of the best things about his childhood was not having to pay bills. While he might have intended it to be a sarcastic statement, the overwhelming reaction from the fans was quite different. Social media users were quick to point out his career prize money ($32,149,165), suggesting he shouldn’t worry about paying bills. Well, some of the comments were indeed sarcastic but, unfortunately, not what ‘The Greek God’ would have wanted. At this point, Tsitsipas might as well get used to online trolls and criticism since he is not far away from another new incident. Being the outspoken person he is, Stef is not afraid to speak his mind, even if it gets him into trouble. Tsitsipas unyielding in the face of backlash Earlier this month, Tsitsipas extended his support to Andy Roddick, who criticized the Masters 1000s being extended to two weeks. He reacted to a clip of Roddick’s ‘Served’ podcast by labeling it as a “backwards move.” He wrote, It wasn’t the first time Stef has called out the ATP. Not long ago, he slammed the association for its rigorous schedule before deleting the tweet for reasons best known to him. Stef and his girlfriend Paula Badosa have also grabbed the headlines for the wrong reasons. A workout video of the couple holding their hands during stretches did not receive the feedback they would have hoped for. Some users found it to be a bit too cringe for their liking. To be fair to Tsitsipas, he hasn’t changed his way of living because of the backlash. He continues to voice his opinion on social media often and doesn’t seem to be bothered by its repercussions. Why should he? After all, Stef has every right to express himself!Stock market today: Wall Street climbs as bitcoin bursts above $99,000

MMBL-Pathfinder Group has entered into a strategic partnership with HCLTech, a leading global technology company, to introduce innovative IT training programs in Sri Lanka. This collaboration is set to be a game-changer, with the newly established Pathfinder EdTech Institute at its core, aimed at creating a skilled workforce ready for the digital age. By mapping the future of tech education, this partnership is set to transform IT upskilling in Sri Lanka by delivering world class, employment focused training programs through the Career Shaper platform, and is also designed to seamlessly connect academic learning with industry requirements. By incorporating HCLTech’s acclaimed training methods, expertly curated curriculum, and state-of-the-art tech tools, this initiative promises to equip individuals with practical, job-ready skills. The official launch of the Pathfinder EdTech will take place on Thursday 19 December at the Taj Samudra. High Commissioner of India to Sri Lanka Santosh Jha will be the Chief Guest, and Ministry of Digital Economy Acting Secretary Waruna Sri Dhanapala will be the Guest of Honour of the event. The program will debut with two training centres in Colombo and Jaffna, with plans to expand across the country. The first courses will cover essential topics such as Artificial Intelligence and cyber security, with more subjects to follow. The blended learning approach will combine tech-driven coursework, hands-on projects and internship opportunities, offering participants a comprehensive and immersive educational experience. “Our collaboration with MMBL-Pathfinder Group reinforces HCLTech’s commitment to empowering communities through transformative education. By bringing Career Shaper to Sri Lanka, we aim to nurture a generation of IT professionals ready to lead in the global digital economy,” said HCLTech CVP and Global Head of EdTech Srimathi Shivashankar. This initiative aligns with HCLTech’s vision of enabling accessible, high-quality tech education worldwide. Operating in over 59 countries, the company is a global leader in workforce transformation, leveraging emerging technologies to create impactful career pathways. Pathfinder EdTech Institute’s launch underscores Sri Lanka’s potential as a future hub for IT innovation. This partnership is poised to address the growing demand for skilled professionals in the country, contributing to its aspirations of becoming a regional leader in digital excellence. “By investing in Sri Lanka’s talent, we are not just advancing education but also creating opportunities for economic growth and innovation,” said MMBL-Pathfinder Group of Companies Director/CEO Balasundaram. HCLTech has significantly expanded its presence in Sri Lanka since entering the market in 2020. The company opened its largest facility in 2021 at the Cinnamon Life complex, Colombo, underscoring its commitment to making Sri Lanka a global IT services delivery hub, providing services in digital applications, system integration, product development and infrastructure management.UB’s WNY Sophomore Externship Experience program expands in 2025