Digital Payment Market Overview

The global digital payment market size will touch USD 287.56 Billion at a 14.83% CAGR between the forecast period 2020- 2030, according to the new Market Research Future (MRFR) analysis. Digital payment, simply put, is a process where the payee and payer use electronic modes to receive and send money. This mode of transaction is cashless. The payment is made through contactless and contact payment, bank cards, net banking, digital currencies, and digital wallets at points of sale. Some of the key advantages of digital payment include traceability, user-friendliness, timesaving, lower risk, accessibility, and convenience. 

Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/7572  

Various factors are propelling the global digital payment market share. According to the recent MRFR market estimates, such factors include the burgeoning demand for cashless payment over cash, greater convenience, evolving consumer behavior, favorable government policies, growing awareness about the benefits of digital payment, safe and reliable, rising penetration of the internet, increasing use during COVID-19 pandemic, and proliferation of smartphones. Additional factors adding market growth include significant government initiatives to promote digital payment, expansion of the e-commerce industry, increase in customer-centric payment applications, seamless technological integration across e-wallets and mobile banking, and rising focus on omni-channel payment mode. 

Key Players 

Key contenders profiled in the global digital payment industry report include YapStone, Inc. (US), Wirecard AG (Germany), Worldpay, Inc. (US), PayPal Holdings, Inc. (US), First Data Corporation (US), Global Payments Direct, Inc. (US), Adyen NV (Netherland), Stripe (US), ACI Worldwide, Inc. (US), Novatti Group Limited (Australia), BlueSnap Inc. (US), Fiserv, Inc. (US), Aurus Inc. (US), Aliant Payment Systems Inc. (US), and PayU (Netherland). 

Segmentation:

The MRFR report highlights an inclusive segmental analysis of the global digital payment market based on vertical, organization size, deployment, and component. 

By component, the global digital payment market is segmented into services and solutions. 

By deployment, the global digital payments is segmented into on-premise and cloud. Of these, the on-premise segment will lead the market over the overcast period. 

By organization size, the global digital payment market is segmented into large enterprises and small and medium enterprises (SMEs). Of these, the large enterprise will dominate the market over the forecast period. 

By vertical, the global digital payment market is segmented into hospitality, healthcare, media and entertainment, retail and e-commerce, IT and telecommunication, BFSI, and others. Of these, the BFSI segment will spearhead the market over the forecast period. 

Browse Complete Report @ https://www.marketresearchfuture.com/de/reports/digital-payment-market-7572

Regional Analysis

By region, the digital payment market covers the growth opportunity and recent trends across Europe, North America, the Asia Pacific (APAC), South America, & the Middle East and Africa (MEA). Of these, North America will lead the market over the forecast period. In 2018, it was valued at USD 15.8 billion. The presence of several digital payment solution providers, the presence of developed digital economy, spreading of the mobile commerce industry, banking economy, inclination for cashless payments, reliable network infrastructure and broadband, and customer willingness are adding to the global digital payment market growth in the region. 

In the APAC region, the digital payment market is predicted to have healthy growth over the forecast period. The proliferation of digitalization from government initiatives to use digital payments in developing countries, increase in SMEs, expanding consumer base, and the growing e-commerce industry are adding to the global digital payment market growth in the region. 

In Europe, the digital payment market is predicted to have sound growth during the forecast period, and in South America, & the MEA is predicted to have steady growth over the forecast period. 

Related Articles

https://www.dizalty.com/read-blog/16519 

https://www.koreanwomenorg.com/read-blog/5952 

http://www.mizmiz.de/read-blog/1414 

https://netgork.com/read-blog/24305 

https://www.danishwomenorg.com/read-blog/7668 

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:                                                                                     

Market Research Future (Part of Wantstats Research and Media Private Limited)

99 Hudson Street, 5Th Floor

New York, NY 10013

United States of America

+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com