Digital Payment Market to 2028 by Application, Enduser and Geography
Digital Payment Market, By Deployment Model (On Premises, Cloud), Offering (Solutions, Services), 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, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
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Market Analysis and Insights Digital payment is a type of transaction which takes place via digital or online modes, with no physical exchange of money involved. This means that both parties, the payee and the payer, use electronic mediums to exchange money. Digital payment is helping BFSI to get digitalized rapidly and digitalization of BFSI sector is allowing digital payment market to grow at higher rate. Rising worldwide initiatives for the promotion of digital payments is a crucial factor accelerating the market growth, also increasing proliferation of smartphones enabling ecommerce, rise in the eCommerce sales and growth in internet penetration, increase in the adoption of contactless payments, increase in the adoption of real-time payments and evolving customer expectations are the major factors among others boosting the digital payment market.
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Major Key Players Some of the major players operating in this market are : • • • • • • • • • •
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.), Inquire Before Buying : https://www.databridgemarketresearch.com/inquire-beforebuying/?dbmr=global-digital-payment-market
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Market Segmentation • By Model (On Premises, Cloud) • By Technology (Application Programming Interface (API), Data Analytics and ML, Digital Ledger Technology (DLT), AI and IoT, Biometric Authentication)
• By End User (Commercial, Consumer)
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Regional Analysis Based on geography, the market is segmented into five geographical regions North America
Europe
Asia-Pacific
South America
Middle East
Africa
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