Global Digital Payment Market is accounted for $29.34 billion in 2020 and is expected to reach $62.89 billion by 2028 growing at a CAGR of 10.0% during the forecast period. Increasing adoption of smartphones & e-commerce applications and the changing consumer trend are the major factors propelling the market growth.
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By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the favorable regulatory environment, infrastructure upgrades, high smartphone penetration, and subsidized data plans. The reason for high smartphone adoption is the launch of affordable phones by Chinese brands that offer flagship-grade features and capabilities.
Some of the key players profiled in the Digital Payment Market include 2Checkout, ACI Worldwide, Apple Inc, Due, FattMerchant, Fiserv, Global Payments, Intuit, Mastercard Incorporated, Paypal, Paysafe, Stripe, Visa Inc, Wex, and Worldline.
Components Covered in Digital Payment Market
• Services
• Solutions
Mode of Payments Covered:
• Internet Based
• Bank Cards
Means of Payments Covered:
• Contact-less Payment Methods
• Contact Payment Methods
Deployment Modes Covered:
• Cloud
• On-Premises
Organization Sizes Covered:
• Large Enterprises
• Small & Medium Enterprises (SMEs)
End Users Covered:
• Telecom and Information Technology (IT)
• Retail and E-Commerce
• Banking, Financial Services, and Insurance (BFSI)
• Media and Entertainment
• Healthcare
• Transportation and Logistics
• Government
• Automobiles
• Travel and Hospitality
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