The JPMorgan white paper Payments Are Eating the World argues that payments are becoming the connective tissue of the global economy. Over $240T in flows are shifting toward five “POWER+” themes: Platforms, Online, Wallets, Embedded, and Real Time. Platforms like super apps already process $36T annually, while e-commerce ($6.3T) and digital identity ($210B) drive online growth. Wallets expand beyond banks to include crypto, stablecoins, and CBDCs, with 75M blockchain wallets worldwide. Embedded payments power IoT, cars, wearables, and BNPL, while real-time rails transform trade, remittances, and payroll. The paper concludes payments will fuel innovation and economic prosperity by becoming seamless, invisible, and ubiquitous.

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