Digital Payment Market Trend Analysis, Latest Revenue Figures
The Digital Payment Market size is projected to reach a CAGR of 16.1% from 2022 to 2028.
Digital payment is a way of payment, which is made through digital modes

The Digital Payment Market size is projected to reach a CAGR of 16.1% from 2022 to 2028.

Digital payment is a way of payment, which is made through digital modes. In digital payments, the payer and payee both use digital modes to send and receive money. It is also called electronic payment. No hard cash is involved in digital payments. As per industry standards, DP is defined only as non-cash transactions done through digital channels. Only consumer transactions are considered through digital commerce (payment processed using online card payments, direct debit, online payment gateways, etc.) or mobile Po’s payments (payment processed at PoS using smartphone and wallet transactions).

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Owing to the worldwide initiatives for the promotion of digital payments, high proliferation of smartphones enabling mCommerce growth, increase in eCommerce sales, and growth in internet penetration are some of the factors that have supported long-term expansion for Digital Payment Market.

Recent Developments

  • In September 2021, Global Payments Inc and Virgin Money signed an agreement to leverage Global Payments’ unique two-sided network to empower Virgin Money customers with market leading digital payments experiences globally.
  • In April 2021, FIS announced Real Net, a new cloud-based, software as a service (SaaS) platform that will enable account-to-account (A2A) transactions for businesses, consumers and governments over real-time payment networks.

Prominent Players

  • Aliant Payments
  • Aurus Inc.
  • Adyen
  • Financial Software & Systems Pvt. Ltd.
  • PayPal Holdings Inc.
  • Novatti Group Pty Ltd.
  • ACI Worldwide, Inc.
  • Global Payments Inc.
  • Wirecard
  • Authorize.Net

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Asia Pacific to Dominate the Market

APAC is projected to witness the highest growth rate. The countries in the region have undertaken major initiatives to improve the payment industry.

Digital Payment Market Segmentation:

On the basis of Component

·        Solutions

·        Services

On the basis of Deployment Type

·        On-premises

·        Cloud

On the basis of Organization Size

·        Small and Medium-sized Enterprises

·        Large Enterprises

On the basis of Vertical

·        Banking, Financial Services, And Insurance

·        Retail and Ecommerce

·        Healthcare

·        Travel and Hospitality

·        Transportation and Logistics

·        Media and Entertainment

·        Other Verticals

Based on region:

·        Asia Pacific

·        North America

·        Europe

·        South America

·        Middle East & Africa

The Report helps to identify the opportunities in Global Regions:

·        North America (the United States, Canada, and Mexico)

·        Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)

·        Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))

·        South America (Brazil etc.)

·        The Middle East and Africa (North Africa and GCC Countries)

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Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors.
  • Gain authentic and granular data access for Digital Payment Market so as to understand the trends and the factors involved behind changing market situations.
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.

In addition to the market data for Digital Payment Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.

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Digital Payment Market Trend Analysis, Latest Revenue Figures
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