Global network tokenised transactions to double to 574 billion by 2029

Network tokenisation's role in securing digital payments will drive merchant adoption.

Global network tokenised transactions will double by 2029, rising to 574 billion in 2029 from 283 billion in 2025, according to a study by Juniper Research.

Network tokenisation’s role in securing digital payments will drive merchant adoption amidst escalating fraud concerns, it added. Network tokens are virtual representations that replace sensitive card details with tokens issued by card networks.

The report said network tokenisation will significantly reduce fraud for e-commerce payments. Juniper Research said merchants and payments processors must adapt network tokens as Visa will tighten global fraud thresholds by January 2026, which will require merchants to reduce fraud or a fee will be imposed.

With card-not-present fraud posing a greater threat to merchants than card-present transactions, the adoption of fraud prevention solutions like network tokens will become necessary, Juniper Research said.

Token service providers must develop value-added services such as real-time transaction analysis tools to aid merchants in monitoring and reducing their fraud rate, it added.