Digital Payments Market Growth Analysis And Indications – Includes Payments Market Analysis
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Major players in the digital payments market include Paypal Holdings Inc., Ant Group, Amazon.com, Inc., Visa Inc., Apple Inc.
TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.
The digital payments market is expected to grow to $125.01 billion in 2025 at a rate of 8.4%. The digital payments market size is then expected to grow at a CAGR of 8.1% from 2025 and reach $184.92 billion in 2030.
North America was the largest region in the global digital payments market.
The digital payments market consists of sales of digital payment services by entities (organizations, sole traders and partnerships) that provide all the transactions that take place across the digital medium along with the associated products and services. Digital payment is a payment mode that uses a digital medium such as mobile wallets, bank cards, point of sale (POS), internet banking and other devices to send and receive money. Digital payment is a way of making payment through digital modes where the payers and payees exchange funds digitally.
The digital payments market is expected to be aided by rapid growth in investments in smart city projects in many countries globally.
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The use of digital wallets is a key trend gaining popularity in the digital payment market. Digital wallets are a software-based system that securely stores users’ payment information and passwords for numerous payment methods and websites. By using a digital wallet, users can complete purchases easily and quickly. A mobile wallet solution refers to a mobile application that tries to mimic an actual physical wallet, allowing users to send money, receive money from other users, and store money inside the wallet. It also allows users to pay utility bills, buy tickets, get rewards, and many more.
TBRC’s Digital Payments Market Report Is Segments:
By Mode of Payment: Point of Sale, On-Premises
By End-User Industry: Retail, Banking and Financial Service, Telecommunication, Government, Transportation
By Deployment: Cloud, On-Premise
By Enterprise: Large Enterprises, Small and Medium Enterprises
By Geography: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
The Digital Payments Market Report 2022 –Opportunities And Strategies – Global Forecast To 2030 is one of a series of new reports from The Business Research Company that provides an overview of the digital payments market globally and regionally, analyzes and forecasts market size, share, digital payments market players, digital payments market segments, leading competitor revenues, profiles and market shares.
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