Annual Report 2025 of the Observatory for the Security of Payment Means (Banque de France)

Summary

• Cashless payments continued to grow in 2025, by 5.5% in number of transactions and 4.2% in value.p.6
• The annual amount of instant credit transfer flows doubled between 2024 and 2025, representing 17% of the number of transfers issued.p.6
• Mobile payment now accounts for one card payment in five at the point of sale.p.6
• The annual amount of fraud rose 3.8%, to €1.2 billion, while the number of fraudulent transactions fell 8%, to 7.2 million.p.6
• The card fraud rate is at a historically low level of 47 euros of fraud per 100,000 euros of payment.p.6
• 63% of payments are made by card, out of €36,264 billion exchanged.p.8
• Fraud by manipulation amounted to 516 M€.p.9

Key insights

1. A beneficiary verification service was introduced in October 2025.p.6
2. A national file of accounts flagged for fraud risk has been in place since May 2026.p.6
3. The 2026-2027 work programme focuses on new authentication techniques, AI agent commerce and quantum computing risks.p.7
4. The fraud rate on instant credit transfers is 0.041%.p.9
5. Chapter 3 addresses the security of crypto-asset payments.p.4