Global digital payment market is projected to register a CAGR of 18.9% in the forecast period of 2020 to 2027. The new market report contains data for historic year 2018, the base year of calculation is 2019 and the forecast period is 2020 to 2027.
Market Segmentation:
Global Digital Payment Market, By Offering (Solutions, Services), Deployment Model (On Premises, Cloud), Organization Size (Large Enterprises, Small & Medium Enterprises (SMEs)), Mode of Payment (Payment Cards, Point of Sale, Unified Payments Interface (UPI) Service, Mobile Payment, Online Payment), Mode of Usage (Mobile Application, Desktop/Web Browser), Technology (Application Programming Interface (API), Data Analytics and ML, Digital Ledger Technology (DLT), AI and IoT, Biometric Authentication), Use Case (Person (P/C), Merchant/ Business, Government), End User (Commercial, Consumer), Country (U.S., Canada and Mexico, Germany, U.K., France, Switzerland, Italy, Spain, Netherlands, Russia, Belgium, Turkey, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, UAE, Saudi Arabia, Israel, Egypt and Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Some of the major factors contributing to the growth of the global digital payment market are:
• Growing technological advancements in banking
• Increasing benefits of digital banking
Market Players
The key market players for global digital payment market are listed below:
• ACI Worldwide, Inc.
• PayPal Holdings, Inc.
• Novatti Group Pty Ltd
• Global Payments Inc.
• Visa
• Stripe
• Google (A Subsidiary of Alphabet Inc.)
• Finastra
• SAMSUNG
• Amazon Web Services, Inc. (a subsidiary of Amazon.com, Inc.)
• Financial Software & Systems Pvt. Ltd.
• Aurus Inc.
• Sage Pay Europe Limited
• Adyen
• Apple Inc.
• Fiserv, Inc.
• FIS
• WEX Inc.
• Wirecard
• Mastercard