The market for digital payments worldwide was estimated to be worth USD 81.07 billion in 2021 and is anticipated to grow to USD 272.64 billion by 2029, recording a CAGR of 16.37% over the forecast period of 2022-2029. The market report created by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis in addition to market insights like market value, growth rate, market segments, geographical coverage, market players, and market scenario.

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Market Survey performed in Digital Payment Market business report helps to unearth important information about the buyer personas, target audience, current customers, market, competition, and more e.g. demand for the product or service, potential pricing, impressions of the branding, etc. The report is prepared by using several steps such as surveys etc. This research contains a variety of question types, like multiple choice, rankings, and open-ended responses. It also has quantitative and short-answer questions that saves time and helps to more easily draw conclusions. The categories of questions that are requested in market survey while generating Digital Payment Marketing report include demographic, competitor, industry, brand, and product.

WHAT IS DIGITAL PAYMENT MARKET?

A digital payment is an electronic payment made by one party to the other for purchasing goods and services. A digital payment results in debited the amount from the payer’s account and crediting the same amount to the payee’s account.   

COVID-19 Impact on Digital Payment Market

The COVID-19 pandemic has benefited the expansion of the market and the post-pandemic period will continue to push forward the market growth rate. The pandemic phase has led to the widespread adoption of contactless payment systems, particularly e-wallets. Though the manufacturing industry was hit badly, the market for digital payments saw a rise in bill payments, Peer to Peer (P2P) transfers, and Customer to Business (C2B) payments during the lockdown period.

Recent Developments

• Fiserv will introduce EnteractSM, a brand-new cloud-based customer relationship management (CRM) platform for financial institutions, in November 2021. A Microsoft Azure-based integration framework offered by Enteract allows for real-time process integration across core banking, enterprise content management, and digital channels. It also synchronises consumer data with back-end systems.
• Virgin Money and Global Payments Inc. signed a contract in September 2021 to use Global Payments' distinctive two-sided network to give Virgin Money consumers access to industry-leading digital payment experiences worldwide.
• RealNet is a new cloud-based software as a service (SaaS) platform that will enable account-to-account (A2A) transactions for companies, individuals, and governments across real-time payment networks. RealNet was introduced by FIS in April 2021.

DIGITAL PAYMENT MARKET SEGMENTATION

Offering

• Solutions
• Payment Gateway Solutions
• Payment Processing Solutions
• Payment Wallet Solutions
• Payment Security and Fraud Management Solutions
• Point of Sale (POS) Solutions
• Services
• Professional Services
• Consulting         
• Implementation             
• Support and Maintenance
• Managed 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

KEY POINTERS COVERED IN DIGITAL PAYMENT MARKET INDUSTRY TRENDS AND FORECAST TO 2027

• Market Size
• Market Standards and Changes
• Market Trials in Different Regions
• Market Requirements in Different Regions
• Market Shares in Different Regions
• Recent Developments for Market Competitors
• Recent Market Value for Different Regions
• Sales Data for Market Competitors
• Market Key Vendors and Disruptors Study

KEY MARKET COMPETITORS COVERED IN THE REPORT

• 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.
• WirecardX
• Mastercard

To Gain More Insights about this Research, Visit @ https://www.databridgemarketresearch.com/reports/global-digital-payment-market

DIGITAL PAYMENT MARKET COUNTRY LEVEL ANALYSIS

• The countries covered in the Digital Payment Market report are
• U.S.
• Canada
• Mexico
• South Korea
• Australia
• Hong-Kong and the rest of Asia-Pacific
• Brazil
• Argentina
• Venezuela
• Colombia
• Ecuador
• Peru
• Uruguay
• Costa Rica
• Panama
• Dominican Republic and Rest of Latin America and Turkey.

BASIC QUESTIONS ASKED

• Which key product category dominates the digital payment market?
• What problems do SMEs and well-known vendors in the digital payment market face?
• What are the main driving forces behind the global digital payment market?
• What potential does the market for digital payments have?
• What trends are present in this business?

MAJOR TOC OF THE REPORT

• Introduction
• Market Segmentation
• Executive Summary
• Premium Insights
• Global Digital Payment Market: Regulations
• Market Overview
• Global Digital Payment Market, By Type
• Global Digital Payment Market, By Source
• Global Digital Payment Market, By Therapy
• Global Digital Payment Market, By Transporting Capacity
• Global Digital Payment Market, By Route of administration
• Global Digital Payment Market, By Region
• Global Digital Payment Market: Company Landscape
• SWOT Analyses
• Company Profile

Get TOC Details- https://www.databridgemarketresearch.com/toc/?dbmr=global-digital-payment-market

RESEARCH METHODOLOGY OF GLOBAL DIGITAL PAYMENT MARKET

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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