The Digital Payment Market is projected to reach $274.61 billion by 2029, at a CAGR of 16.6% during the forecast period of 2022–2029. Factors such as increased adoption of digital payment modes, rising government initiatives for the adoption of digital payment and growing partnerships between banks and fintech to leverage customer experience are expected to drive the growth of the overall digital payment market growth. In addition, the increasing use of payment applications across different industry verticals and the rising adoption of contactless payment are expected to offer significant opportunities for market growth. However, a low level of awareness of online payments in rural areas can restrain the growth of this market.
In the first quarter of 2020, the world was hit by the outbreak of COVID-19, which was declared a global pandemic by the WHO, as the virus spread to many countries across the globe, with cases growing multifold within a few weeks.
The COVID-19 pandemic accelerated digital transformation and the adoption of digital payments worldwide. The pandemic made a marked impact on non-cash payments. In particular, the total value of non-paper-based or digital credit transfers grew strongly in advanced and developing economies. These payments include transfers initiated via online banking, a mobile banking app or an automated transfer. As a result, the growth in total credit transfer usage was so strong that the share of non-cash payments in total GDP sharply increased across the globe. In low and middle-income economies (excluding China), over 40[PT1] % of adults who made merchant in-store or online payments using a card, phone, or the internet did so for the first time since the start of the pandemic.
The COVID-19 pandemic accelerated consumer interest in adopting digital banking and payment interactions. For example, Americans set a record with 1.2 billion transactions on the instant payment network Zelle in 2020, a 62% increase from the previous year. Meanwhile, in October 2020, more than 53% of consumers who had access to a smartphone and a bank account stated that there had been an increase in the utilization of banking apps compared to the pre-COVID-19 pandemic scenario (Source: MasterCard).
Click here to: Get Free Sample Copy of this report
The Increased Adoption of Digital Payment Methods is Expected to Drive Digital Payment Market Growth
In the past few years, major technological advances, massive shifts in consumer buying behavior, government policies and regulations, sharp e-commerce growth, and the global proliferation of connected devices have driven significant changes in digital payments.
The adoption of digital payment modes, such as internet banking, mobile money, and card payments, has rapidly increased in recent years and is a cornerstone for financial inclusion initiatives in various countries. Payments are becoming increasingly cashless, and the industry’s role in fostering inclusion has become a significant priority. Rising government initiatives for the adoption of digital payments, the proliferation of smartphones, increasing e-commerce sales, and rising internet penetration are driving the adoption of various digital payment modes worldwide.
According to a report by FIS (U.S.), a financial services technology group, the use of digital-wallet-based transactions grew globally by 7% in 2020 and predicts that digital wallets will account for more than half of all e-commerce payments worldwide by 2024, as consumers shift from card-based to account and QR code-based transactions.
In addition, due to the COVID-19 pandemic, the adoption of contactless payment methods increased worldwide as consumers preferred low- or no-touch interactions. Digital wallets are becoming the mainstay of in-store payment choices, with contactless cards, kiosk payments, and QR codes increasing in popularity for a safer commerce experience. According to Visa's Back to Business Study, 63% of consumers indicated switching to a business offering contactless payment options.
The impacts of the COVID-pandemic accelerated the adoption of a broader range of digital banking offerings and shifted consumers of all ages away from traditional banking branches at an unprecedented pace. Thus, the rising adoption of different payment modes has accelerated market growth.
In 2022, the Solutions Segment is Expected to Dominate the Digital Payment Market
Based on offering, the digital payment market is segmented into solutions and services. In 2022, the solutions segment is expected to account for the largest share of the global digital payment market. Growth of this segment is attributed to the factors such as the wide adoption of payment processing solutions to enable customers with seamless online shopping experiences, developments in mobile payment technology, and increased use of mobile wallets to make payments.
In 2022, the Digital Wallets Segment is Expected to Dominate the Digital Payment Market
Based on payment mode, the digital payment market is segmented into digital wallets, banking cards, point of sales, internet banking and other payment modes. In 2022, the digital wallets segment is expected to account for the largest share of the global digital payment market and is expected to grow at the highest CAGR during the forecast period. The emergence of payment-enabled mobile phones, connected & real-time marketing, and the increasing shift to QR code-based transactions are the major factors impacting the growth of this segment.
Asia-Pacific to be the Fastest-growing Regional Market
Based on geography, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific has seen significant growth in the digital payment market in recent years and is projected to register the highest CAGR during the forecasted period. The increasing penetration of smartphones and widespread internet usage has accelerated the adoption of mobile wallets in the region. China and India currently account for more than 50% of the smartphone population across the globe and have universally adopted the use of digital wallets. They are now at the forefront of payment change, offering payment processing convenience and security.
In addition, the desire to minimize contact during the COVID-19 outbreak pushed 91% of consumers in Asia-Pacific to pay with cards or mobile apps, instead of cash, according to a Visa study. Excluding Mainland China, where mobile payments are already well established, McKinsey expects mobile-payments users to double by 2025, exceeding two billion. Asia-Pacific will grow fastest, with cashless transaction volume growing by 109% until 2025 and 76% from 2025 to 2030. (Source: PWC).
Key Players
The report includes a competitive landscape based on an extensive assessment of the key growth strategies adopted by the leading market participants in the digital payment market. The key players profiled in the digital payment market report are PayPal Holdings, Inc. (U.S.), Fiserve, Inc. (U.S.), FIS (U.S.), Block, Inc., formerly Square, Inc. (U.S.), Stripe, Inc. (U.S.), Visa, Inc. (U.S.), Mastercard (U.S.), Worldline (France), Temenos (Switzerland), PayU (Netherlands), Apple Inc. (U.S.), JPMorgan Chase & Co. (U.S.), WEX Inc. (U.S.), ACI Worldwide, Inc. (U.S.), and FleetCor Technologies, Inc. (U.S.)
Scope of the report:
Digital Payment Market, by Offering
Digital Payment Market, by Payment Mode
Digital Payment Market, by End User
Digital Payment Market, by Organization Size
Digital Payment Market, by Geography
Key questions answered in the report:
The global digital payment market is projected to reach $274.61 billion by 2029 at a CAGR of 16.6% during the forecast period.
The growth of this market is attributed to the increased adoption of digital payment modes, rising government initiatives for the adoption of digital payment and growing partnerships between banks and fintech to leverage customer experience.
The key players operating in the digital payment market are PayPal Holdings, Inc. (U.S.), Fiserve, Inc. (U.S.), FIS (U.S.), Block, Inc., formerly Square, Inc. (U.S.), Stripe, Inc. (U.S.), Visa, Inc. (U.S.), Mastercard (U.S.), Worldline (France), Temenos (Switzerland), PayU (Netherlands), Apple Inc. (U.S.), JPMorgan Chase & Co. (U.S.), WEX Inc. (U.S.), ACI Worldwide, Inc. (U.S.), and FleetCor Technologies, Inc. (U.S.)
This report provides pre & post COVID-19 market estimates.
1. Introduction
1.1 Market Definition
1.2 Market Ecosystem
1.3 Currency & Limitations
1.3.1 Currency
1.3.2 Limitation
1.4 Key Stake Holders
2. Research Methodology
2.1 Research Approach
2.2 Data Collection and Validation
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Assessment
2.3.1 Market Size Estimation
2.3.1.1 Bottom-up Approach
2.3.1.2 Top-Down Approach
2.3.1.3 Growth Forecast
2.3.2 Market Share Analysis
2.4 Assumption for Study
2.5 Limitation for Study
3. Executive Summary
3.1 Market Overview
3.2 Market Analysis, by Offering
3.3 Market Analysis, by Payment Mode
3.4 Market Analysis, by End User
3.5 Market Analysis, by Organization Size
3.6 Market Analysis, by Geography
3.7 Competitive Analysis
4. Market Insights
4.1 Introduction
4.2 Market Dynamics
4.2.1 Drivers
4.2.1.1 Increased Adoption of Digital Payment Modes
4.2.1.2 Rising Government Initiatives for the Adoption of Digital Payment
4.2.1.3 Growing Partnership between Bank and Fintech to Leverage Customer Experience
4.2.2 Restraints
4.2.2.1 Low Level of Awareness of Online Payments in Rural Areas
4.2.3 Opportunities
4.2.3.1 Increasing Use of Payment Applications Across Different Industry Verticals
4.2.3.2 Rising Adoption of Contactless Payment
4.2.4 Challenges
4.2.4.1 Increasing Cyber-Attacks on Digital Payments
4.2.4.2 Lack of Trust in Online Banking
4.2.5 Trends
4.3 Case Studies
4.4 Key Indicators
4.4.1 Cashless Transaction by Region
4.4.2 Cash Usage by Country
5. Impact of COVID-19 on the Global Digital Payment Market
6. Global Digital Payment Market, by Offering
6.1 Introduction
6.2 Solutions
6.2.1 Payment Gateway Solutions
6.2.2 Payment Processing Solutions
6.2.3 Payment Wallet Solutions
6.2.4 Payment Security and Fraud Management Solutions
6.2.5 Point of Sale Solutions
6.3 Services
6.3.1 Integration Services
6.3.2 Support Services
6.3.3 Consulting Services
7. Global Digital Payment Market, by Payment Mode
7.1 Introduction
7.2 Digital Wallets
7.3 Banking Cards
7.4 Point of Sales (PoS)
7.5 Internet Banking
7.6 Other Payment Modes
8. Global Digital Payment Market, by End User
8.1 Introduction
8.2 BFSI
8.3 Retail
8.4 Travel and Hospitality
8.5 Healthcare
8.6 IT and Telecom
8.7 Media and Entertainment
8.8 Other End Users
9. Global Digital Payment Market, by Organization Size
9.1 Introduction
9.2 Large Enterprises
9.3 Small and Medium-sized Enterprises (SMEs)
10. Digital Payment Market, by Region
10.1 North America
10.1.1 U.S.
10.1.2 Canada
10.2 Europe
10.2.1 Germany
10.2.2 U.K.
10.2.3 France
10.2.4 Italy
10.2.5 Spain
10.2.6 Sweden
10.2.7 Denmark
10.2.8 Rest of Europe
10.3 Asia-Pacific
10.3.1 Japan
10.3.2 China
10.3.3 India
10.3.4 Singapore
10.3.5 Malaysia
10.3.6 Indonesia
10.3.7 Rest of Asia-Pacific
10.4 Latin America
10.4.1 Brazil
10.4.2 Mexico
10.4.3 Rest of Latin America
10.5 Middle East & Africa
10.5.1 UAE
10.5.2 Israel
10.5.3 Rest of Middle East & Africa
11. Global Digital Payment Market - Competitive Landscape
11.1 Introduction
11.2 Key Growth Strategies
11.2.1 Market Differentiators
11.2.2 Synergy Analysis: Major Deals & Strategic Alliances
11.3 Competitive Dashboard
11.3.1 Industry Leaders
11.3.2 Market differentiators
11.3.3 Vanguards
11.3.4 Contemporary Stalwarts
11.4 Vendor Market Positioning
11.5 Market Share Analysis
12. Company Profiles
12.1 PayPal Holdings, Inc. (U.S.)
12.2 Fiserve, Inc. (U.S.)
12.3 FIS (U.S.)
12.4 Block, Inc., formerly Square, Inc. (U.S.)
12.5 Stripe, Inc. (U.S.)
12.6 Visa, Inc. (U.S.)
12.7 Mastercard (U.S.)
12.8 Worldline (France)
12.9 Temenos (Switzerland)
12.10 PayU (Netherlands)
12.11 Apple Inc. (U.S.)
12.12 JPMorgan Chase & Co. (U.S.)
12.13 WEX Inc. (U.S.)
12.14 ACI Worldwide, Inc. (U.S.)
12.15 FleetCor Technologies, Inc. (U.S.)
13. Appendix
13.1 Questionnaire
13.2 Customization
List of Tables
Table 1 Currency Conversion Rates (2019–2022)
Table 2 Global Digital Payment Market Size, by Offering, 2020–2029 (USD Million)
Table 3 Global Digital Payment Solution Market Size, by Country, 2020–2029 (USD Million)
Table 4 Global Digital Payment Solution Market Size, by Type, 2020–2029 (USD Million)
Table 5 Global Payment Gateway Solution Market Size, by Country, 2020–2029 (USD Million)
Table 6 Global Payment Processing Solution Market Size, by Country, 2020–2029 (USD Million)
Table 7 Global Payment Wallet Solution Market Size, by Country, 2020–2029 (USD Million)
Table 8 Global Payment Security and Fraud Management Solutions Market Size, by Country, 2020–2029 (USD Million)
Table 9 Global Point of Sale Solution Market Size, by Country, 2020–2029 (USD Million)
Table 10 Global Digital Payment Services Market Size, by Country, 2020–2029 (USD Million)
Table 11 Global Digital Payment Services Market Size, by Type, 2020–2029 (USD Million)
Table 12 Global Digital Payment Integration Services Market Size, by Country, 2020–2029 (USD Million)
Table 13 Global Digital Payment Support Services Market Size, by Country, 2020– 2029 (USD Million)
Table 14 Global Digital Payment Consulting Services Market Size, by Country, 2020–2029 (USD Million)
Table 15 Global Digital Payment Market Size, by Payment Mode, 2020–2029 (USD Million)
Table 16 Digital Payment Market Size for Digital Wallets, by Country/Region, 2020–2029 (USD Million)
Table 17 Digital Payment Market Size for Banking Cards, by Country/Region, 2020–2029 (USD Million)
Table 18 Digital Payment Market Size for Point of Sales, by Country/Region, 2020–2029 (USD Million)
Table 19 Digital Payment Market Size for Internet Banking, by Country/Region, 2020–2029 (USD Million)
Table 20 Digital Payment Market Size for Other Payment Modes, by Country/Region, 2020–2029 (USD Million)
Table 21 Global Digital Payment Market Size, by End User, 2020–2029 (USD Million)
Table 22 Global Digital Payment Market Size for BFSI, by Country, 2020– 2029 (USD Million)
Table 23 Global Digital Payment Market Size for Retail, by Country, 2020– 2029 (USD Million)
Table 24 Global Digital Payment Market Size for Travel & Hospitality, by Country, 2020– 2029 (USD Million)
Table 25 Global Digital Payment Market Size for Healthcare, by Country, 2020– 2029 (USD Million)
Table 26 Global Digital Payment Market Size for IT & Telecom, by Country, 2020– 2029 (USD Million)
Table 27 Global Digital Payment Market Size for Media & Entertainment, by Country, 2020– 2029 (USD Million)
Table 28 Global Digital Payment Market Size for Other End Users, by Country, 2020– 2029 (USD Million)
Table 29 Global Digital Payment Market Size, by Organization Size, 2020–2029 (USD Million)
Table 30 Global Digital Payment Market Size for Large Enterprises, by Country, 2020– 2029 (USD Million)
Table 31 Global Digital Payment Market Size for Small and Medium-sized Enterprises, by Country, 2020– 2029 (USD Million)
Table 32 North America: Digital Payment Market Size, by Country, 2020–2029 (USD Million)
Table 33 North America: Digital Payment Market Size, by Offering, 2020–2029 (USD Million)
Table 34 North America: Digital Payment Solution Market Size, by Type, 2020–2029 (USD Million)
Table 35 North America: Digital Payment Services Market Size, by Type, 2020–2029 (USD Million)
Table 36 North America: Digital Payment Market Size, by Payment Mode, 2020–2029 (USD Million)
Table 37 North America: Digital Payment Market Size, by End User, 2020–2029 (USD Million)
Table 38 North America: Digital Payment Market Size, by Organization Size, 2020–2029 (USD Million)
Table 39 U.S: Digital Payment Market Size, by Offering, 2020–2029 (USD Million)
Table 40 U.S: Digital Payment Solution Market Size, by Type, 2020–2029 (USD Million)
Table 41 U.S: Digital Payment Services Market Size, by Type, 2020–2029 (USD Million)
Table 42 U.S: Digital Payment Market Size, by Payment Mode, 2020–2029 (USD Million)
Table 43 U.S: Digital Payment Market Size, by End User, 2020–2029 (USD Million)
Table 44 U.S: Digital Payment Market Size, by Organization Size, 2020–2029 (USD Million)
Table 45 Canada: Digital Payment Market Size, by Offering, 2020–2029 (USD Million)
Table 46 Canada: Digital Payment Solution Market Size, by Type, 2020–2029 (USD Million)
Table 47 Canada: Digital Payment Services Market Size, by Type, 2020–2029 (USD Million)
Table 48 Canada: Digital Payment Market Size, by Payment Mode, 2020–2029 (USD Million)
Table 49 Canada: Digital Payment Market Size, by End User, 2020–2029 (USD Million)
Table 50 Canada: Digital Payment Market Size, by Organization Size, 2020–2029 (USD Million)
Table 51 Europe: Digital Payment Market Size, by Country/Region, 2020–2029 (USD Million)
Table 52 Europe: Digital Payment Market Size, by Offering, 2020–2029 (USD Million)
Table 53 Europe: Digital Payment Solution Market Size, by Type, 2020–2029 (USD Million)
Table 54 Europe: Digital Payment Services Market Size, by Type, 2020–2029 (USD Million)
Table 55 Europe: Digital Payment Market Size, by Payment Mode, 2020–2029 (USD Million)
Table 56 Europe: Digital Payment Market Size, by End User, 2020–2029 (USD Million)
Table 57 Europe: Digital Payment Market Size, by Organization Size, 2020–2029 (USD Million)
Table 58 Germany: Digital Payment Market Size, by Offering, 2020–2029 (USD Million)
Table 59 Germany: Digital Payment Solution Market Size, by Type, 2020–2029 (USD Million)
Table 60 Germany: Digital Payment Services Market Size, by Type, 2020–2029 (USD Million)
Table 61 Germany: Digital Payment Market Size, by Payment Mode, 2020–2029 (USD Million)
Table 62 Germany: Digital Payment Market Size, by End User, 2020–2029 (USD Million)
Table 63 Germany: Digital Payment Market Size, by Organization Size, 2020–2029 (USD Million)
Table 64 U.K: Digital Payment Market Size, by Offering, 2020–2029 (USD Million)
Table 65 U.K: Digital Payment Solution Market Size, by Type, 2020–2029 (USD Million)
Table 66 U.K: Digital Payment Services Market Size, by Type, 2020–2029 (USD Million)
Table 67 U.K: Digital Payment Market Size, by Payment Mode, 2020–2029 (USD Million)
Table 68 U.K: Digital Payment Market Size, by End User, 2020–2029 (USD Million)
Table 69 U.K: Digital Payment Market Size, by Organization Size, 2020–2029 (USD Million)
Table 70 France: Digital Payment Market Size, by Offering, 2020–2029 (USD Million)
Table 71 France: Digital Payment Solution Market Size, by Type, 2020–2029 (USD Million)
Table 72 France: Digital Payment Services Market Size, by Type, 2020–2029 (USD Million)
Table 73 France: Digital Payment Market Size, by Payment Mode, 2020–2029 (USD Million)
Table 74 France: Digital Payment Market Size, by End User, 2020–2029 (USD Million)
Table 75 France: Digital Payment Market Size, by Organization Size, 2020–2029 (USD Million)
Table 76 Italy: Digital Payment Market Size, by Offering, 2020–2029 (USD Million)
Table 77 Italy: Digital Payment Solution Market Size, by Type, 2020–2029 (USD Million)
Table 78 Italy: Digital Payment Services Market Size, by Type, 2020–2029 (USD Million)
Table 79 Italy: Digital Payment Market Size, by Payment Mode, 2020–2029 (USD Million)
Table 80 Italy: Digital Payment Market Size, by End User, 2020–2029 (USD Million)
Table 81 Italy: Digital Payment Market Size, by Organization Size, 2020–2029 (USD Million)
Table 82 Spain: Digital Payment Market Size, by Offering, 2020–2029 (USD Million)
Table 83 Spain: Digital Payment Solution Market Size, by Type, 2020–2029 (USD Million)
Table 84 Spain: Digital Payment Services Market Size, by Type, 2020–2029 (USD Million)
Table 85 Spain: Digital Payment Market Size, by Payment Mode, 2020–2029 (USD Million)
Table 86 Spain: Digital Payment Market Size, by End User, 2020–2029 (USD Million)
Table 87 Spain: Digital Payment Market Size, by Organization Size, 2020–2029 (USD Million)
Table 88 Sweden: Digital Payment Market Size, by Offering, 2020–2029 (USD Million)
Table 89 Sweden: Digital Payment Solution Market Size, by Type, 2020–2029 (USD Million)
Table 90 Sweden: Digital Payment Services Market Size, by Type, 2020–2029 (USD Million)
Table 91 Sweden: Digital Payment Market Size, by Payment Mode, 2020–2029 (USD Million)
Table 92 Sweden: Digital Payment Market Size, by End User, 2020–2029 (USD Million)
Table 93 Sweden: Digital Payment Market Size, by Organization Size, 2020–2029 (USD Million)
Table 94 Denmark: Digital Payment Market Size, by Offering, 2020–2029 (USD Million)
Table 95 Denmark: Digital Payment Solution Market Size, by Type, 2020–2029 (USD Million)
Table 96 Denmark: Digital Payment Services Market Size, by Type, 2020–2029 (USD Million)
Table 97 Denmark: Digital Payment Market Size, by Payment Mode, 2020–2029 (USD Million)
Table 98 Denmark: Digital Payment Market Size, by End User, 2020–2029 (USD Million)
Table 99 Denmark: Digital Payment Market Size, by Organization Size, 2020–2029 (USD Million)
Table 100 Rest of Europe: Digital Payment Market Size, by Offering, 2020–2029 (USD Million)
Table 101 Rest of Europe: Digital Payment Solution Market Size, by Type, 2020–2029 (USD Million)
Table 102 Rest of Europe: Digital Payment Services Market Size, by Type, 2020–2029 (USD Million)
Table 103 Rest of Europe: Digital Payment Market Size, by Payment Mode, 2020–2029 (USD Million)
Table 104 Rest of Europe: Digital Payment Market Size, by End User, 2020–2029 (USD Million)
Table 105 Rest of Europe: Digital Payment Market Size, by Organization Size, 2020–2029 (USD Million)
Table 106 Asia-Pacific: Digital Payment Market Size, by Country/Region, 2020–2029 (USD Million)
Table 107 Asia-Pacific: Digital Payment Market Size, by Offering, 2020–2029 (USD Million)
Table 108 Asia-Pacific: Digital Payment Solution Market Size, by Type, 2020–2029 (USD Million)
Table 109 Asia-Pacific: Digital Payment Services Market Size, by Type, 2020–2029 (USD Million)
Table 110 Asia-Pacific: Digital Payment Market Size, by Payment Mode, 2020–2029 (USD Million)
Table 111 Asia-Pacific: Digital Payment Market Size, by End User, 2020–2029 (USD Million)
Table 112 Asia-Pacific: Digital Payment Market Size, by Organization Size, 2020–2029 (USD Million)
Table 113 China: Digital Payment Market Size, by Offering, 2020–2029 (USD Million)
Table 114 China: Digital Payment Solution Market Size, by Type, 2020–2029 (USD Million)
Table 115 China: Digital Payment Services Market Size, by Type, 2020–2029 (USD Million)
Table 116 China: Digital Payment Market Size, by Payment Mode, 2020–2029 (USD Million)
Table 117 China: Digital Payment Market Size, by End User, 2020–2029 (USD Million)
Table 118 China: Digital Payment Market Size, by Organization Size, 2020–2029 (USD Million)
Table 119 Japan: Digital Payment Market Size, by Offering, 2020–2029 (USD Million)
Table 120 Japan: Digital Payment Solution Market Size, by Type, 2020–2029 (USD Million)
Table 121 Japan: Digital Payment Services Market Size, by Type, 2020–2029 (USD Million)
Table 122 Japan: Digital Payment Market Size, by Payment Mode, 2020–2029 (USD Million)
Table 123 Japan: Digital Payment Market Size, by End User, 2020–2029 (USD Million)
Table 124 Japan: Digital Payment Market Size, by Organization Size, 2020–2029 (USD Million)
Table 125 India: Digital Payment Market Size, by Offering, 2020–2029 (USD Million)
Table 126 India: Digital Payment Solution Market Size, by Type, 2020–2029 (USD Million)
Table 127 India: Digital Payment Services Market Size, by Type, 2020–2029 (USD Million)
Table 128 India: Digital Payment Market Size, by Payment Mode, 2020–2029 (USD Million)
Table 129 India: Digital Payment Market Size, by End User, 2020–2029 (USD Million)
Table 130 India: Digital Payment Market Size, by Organization Size, 2020–2029 (USD Million)
Table 131 Singapore: Digital Payment Market Size, by Offering, 2020–2029 (USD Million)
Table 132 Singapore: Digital Payment Solution Market Size, by Type, 2020–2029 (USD Million)
Table 133 Singapore: Digital Payment Services Market Size, by Type, 2020–2029 (USD Million)
Table 134 Singapore: Digital Payment Market Size, by Payment Mode, 2020–2029 (USD Million)
Table 135 Singapore: Digital Payment Market Size, by End User, 2020–2029 (USD Million)
Table 136 Singapore: Digital Payment Market Size, by Organization Size, 2020–2029 (USD Million)
Table 137 Malaysia: Digital Payment Market Size, by Offering, 2020–2029 (USD Million)
Table 138 Malaysia: Digital Payment Solution Market Size, by Type, 2020–2029 (USD Million)
Table 139 Malaysia: Digital Payment Services Market Size, by Type, 2020–2029 (USD Million)
Table 140 Malaysia: Digital Payment Market Size, by Payment Mode, 2020–2029 (USD Million)
Table 141 Malaysia: Digital Payment Market Size, by End User, 2020–2029 (USD Million)
Table 142 Malaysia: Digital Payment Market Size, by Organization Size, 2020–2029 (USD Million)
Table 143 Indonesia: Digital Payment Market Size, by Offering, 2020–2029 (USD Million)
Table 144 Indonesia: Digital Payment Solution Market Size, by Type, 2020–2029 (USD Million)
Table 145 Indonesia: Digital Payment Services Market Size, by Type, 2020–2029 (USD Million)
Table 146 Indonesia: Digital Payment Market Size, by Payment Mode, 2020–2029 (USD Million)
Table 147 Indonesia: Digital Payment Market Size, by End User, 2020–2029 (USD Million)
Table 148 Indonesia: Digital Payment Market Size, by Organization Size, 2020–2029 (USD Million)
Table 149 Rest of Asia-Pacific: Digital Payment Market Size, by Offering, 2020–2029 (USD Million)
Table 150 Rest of Asia-Pacific: Digital Payment Solution Market Size, by Type, 2020–2029 (USD Million)
Table 151 Rest of Asia-Pacific: Digital Payment Services Market Size, by Type, 2020–2029 (USD Million)
Table 152 Rest of Asia-Pacific: Digital Payment Market Size, by Payment Mode, 2020–2029 (USD Million)
Table 153 Rest of Asia-Pacific: Digital Payment Market Size, by End User, 2020–2029 (USD Million)
Table 154 Rest of Asia-Pacific: Digital Payment Market Size, by Organization Size, 2020–2029 (USD Million)
Table 155 Latin America: Digital Payment Market Size, by Country/Region, 2020–2029 (USD Million)
Table 156 Latin America: Digital Payment Market Size, by Offering, 2020–2029 (USD Million)
Table 157 Latin America: Digital Payment Solution Market Size, by Type, 2020–2029 (USD Million)
Table 158 Latin America: Digital Payment Services Market Size, by Type, 2020–2029 (USD Million)
Table 159 Latin America: Digital Payment Market Size, by Payment Mode, 2020–2029 (USD Million)
Table 160 Latin America: Digital Payment Market Size, by End User, 2020–2029 (USD Million)
Table 161 Latin America: Digital Payment Market Size, by Organization Size, 2020–2029 (USD Million)
Table 162 Brazil: Digital Payment Market Size, by Offering, 2020–2029 (USD Million)
Table 163 Brazil: Digital Payment Solution Market Size, by Type, 2020–2029 (USD Million)
Table 164 Brazil: Digital Payment Services Market Size, by Type, 2020–2029 (USD Million)
Table 165 Brazil: Digital Payment Market Size, by Payment Mode, 2020–2029 (USD Million)
Table 166 Brazil: Digital Payment Market Size, by End User, 2020–2029 (USD Million)
Table 167 Brazil: Digital Payment Market Size, by Organization Size, 2020–2029 (USD Million)
Table 168 Mexico: Digital Payment Market Size, by Offering, 2020–2029 (USD Million)
Table 169 Mexico: Digital Payment Solution Market Size, by Type, 2020–2029 (USD Million)
Table 170 Mexico: Digital Payment Services Market Size, by Type, 2020–2029 (USD Million)
Table 171 Mexico: Digital Payment Market Size, by Payment Mode, 2020–2029 (USD Million)
Table 172 Mexico: Digital Payment Market Size, by End User, 2020–2029 (USD Million)
Table 173 Mexico: Digital Payment Market Size, by Organization Size, 2020–2029 (USD Million)
Table 174 Rest of Latin America: Digital Payment Market Size, by Offering, 2020–2029 (USD Million)
Table 175 Rest of Latin America: Digital Payment Solution Market Size, by Type, 2020–2029 (USD Million)
Table 176 Rest of Latin America: Digital Payment Services Market Size, by Type, 2020–2029 (USD Million)
Table 177 Rest of Latin America: Digital Payment Market Size, by Payment Mode, 2020–2029 (USD Million)
Table 178 Rest of Latin America: Digital Payment Market Size, by End User, 2020–2029 (USD Million)
Table 179 Rest of Latin America: Digital Payment Market Size, by Organization Size, 2020–2029 (USD Million)
Table 180 Middle East & Africa: Digital Payment Market Size, by Country/Region, 2020–2029 (USD Million)
Table 181 Middle East & Africa: Digital Payment Market Size, by Offering, 2020–2029 (USD Million)
Table 182 Middle East & Africa: Digital Payment Solution Market Size, by Type, 2020–2029 (USD Million)
Table 183 Middle East & Africa: Digital Payment Services Market Size, by Type, 2020–2029 (USD Million)
Table 184 Middle East & Africa: Digital Payment Market Size, by Payment Mode, 2020–2029 (USD Million)
Table 185 Middle East & Africa: Digital Payment Market Size, by End User, 2020–2029 (USD Million)
Table 186 Middle East & Africa: Digital Payment Market Size, by Organization Size, 2020–2029 (USD Million)
Table 187 UAE: Digital Payment Market Size, by Offering, 2020–2029 (USD Million)
Table 188 UAE: Digital Payment Solution Market Size, by Type, 2020–2029 (USD Million)
Table 189 UAE: Digital Payment Services Market Size, by Type, 2020–2029 (USD Million)
Table 190 UAE: Digital Payment Market Size, by Payment Mode, 2020–2029 (USD Million)
Table 191 UAE: Digital Payment Market Size, by End User, 2020–2029 (USD Million)
Table 192 UAE: Digital Payment Market Size, by Organization Size, 2020–2029 (USD Million)
Table 193 Israel: Digital Payment Market Size, by Offering, 2020–2029 (USD Million)
Table 194 Israel: Digital Payment Solution Market Size, by Type, 2020–2029 (USD Million)
Table 195 Israel: Digital Payment Services Market Size, by Type, 2020–2029 (USD Million)
Table 196 Israel: Digital Payment Market Size, by Payment Mode, 2020–2029 (USD Million)
Table 197 Israel: Digital Payment Market Size, by End User, 2020–2029 (USD Million)
Table 198 Israel: Digital Payment Market Size, by Organization Size, 2020–2029 (USD Million)
Table 199 Rest of Middle East & Africa: Digital Payment Market Size, by Offering, 2020–2029 (USD Million)
Table 200 Rest of Middle East & Africa: Digital Payment Solution Market Size, by Type, 2020–2029 (USD Million)
Table 201 Rest of Middle East & Africa: Digital Payment Services Market Size, by Type, 2020–2029 (USD Million)
Table 202 Rest of Middle East & Africa: Digital Payment Market Size, by Payment Mode, 2020–2029 (USD Million)
Table 203 Rest of Middle East & Africa: Digital Payment Market Size, by End User, 2020–2029 (USD Million)
Table 204 Rest of Middle East & Africa: Digital Payment Market Size, by Organization Size, 2020–2029 (USD Million)
Table 205 Recent Developments by Major Market Players (2019–2022)
List of Figures
Figure 1 Research Process
Figure 2 Primary Research Techniques
Figure 3 Key Executives Interviewed
Figure 4 Breakdown of Primary Interviews (Supply-Side & Demand-Side)
Figure 5 Market Sizing and Growth Forecast Approach
Figure 6 Key Insights
Figure 7 Global Digital Payment Market Size, by Offering, 2022 Vs. 2029 (USD Million)
Figure 8 Global Digital Payment Market Size, by Payment Mode, 2022 Vs. 2029 (USD Million)
Figure 9 Global Digital Payment Market Size, by End User, 2022 Vs. 2029 (USD Million)
Figure 10 Global Digital Payment Market Size, by Organization Size, 2022 Vs. 2029 (USD Million)
Figure 11 Geographic Snapshot, Global Digital Payment Market
Figure 12 Market Dynamics
Figure 13 Global Digital Payment Market Size, by Offering, 2022 Vs. 2029 (USD Million)
Figure 14 Global Digital Payment Market Size, by Payment Mode, 2022 Vs. 2029 (USD Million)
Figure 15 Global Digital Payment Market Size, by End User, 2022 Vs. 2029 (USD Million)
Figure 16 Global Digital Payment Market Size, by Organization Size, 2022 Vs. 2029 (USD Million)
Figure 17 Digital Payment Market Size, by Geography, 2022 Vs. 2029 (USD Million)
Figure 18 Geographic Snapshot: North America Digital Payment Market
Figure 19 Geographic Snapshot: Europe Digital Payment Market
Figure 20 Geographic Snapshot: Asia-Pacific Digital Payment Market
Figure 21 Geographic Snapshot: Latin America Digital Payment Market
Figure 22 Geographic Snapshot: Middle East & Africa Digital Payment Market
Figure 23 Growth Strategies Adopted by Leading Market Players (2019–2022)
Figure 24 Competitive Dashboard: Digital Payment Market
Figure 25 Vendor Market Positioning Analysis (2019–2022)
Figure 26 Market Share Analysis: Digital Payment Market (2021)
Figure 27 PayPal Holdings, Inc. (U.S.): Financial Overview
Figure 28 Fiserve, Inc. (U.S.): Financial Overview
Figure 29 FIS (U.S.): Financial Overview
Figure 30 Block, Inc., formerly Square, Inc. (U.S.): Financial Overview
Figure 31 Stripe, Inc. (U.S.): Financial Overview
Figure 32 Visa, Inc. (U.S.): Financial Overview
Figure 33 Mastercard (U.S.): Financial Overview
Figure 34 Worldline (France): Financial Overview
Figure 35 Temenos (Switzerland): Financial Overview
Figure 36 PayU (Netherlands): Financial Overview
Figure 37 Apple Inc. (U.S.): Financial Overview
Figure 38 JPMorgan Chase & Co. (U.S.): Financial Overview
Figure 39 WEX Inc. (U.S.): Financial Overview
Figure 40 ACI Worldwide, Inc. (U.S.): Financial Overview
Figure 41 FleetCor Technologies, Inc. (U.S.): Financial Overview
This report provides pre & post COVID-19 market estimates.
This report provides pre & post COVID-19 market estimates.
Published Date: Jun-2023
Published Date: Apr-2023
Published Date: Mar-2023
Published Date: Jan-2023
