Digital Payment Solutions Market Growth, Opportunities and Development 2024 Key Players First data, Worldpay, Chetu, Paypal, Wirecard, Fiserv, Novatti, Paysafe, Wex

The Digital payment solutions is developing and expanding at a significant pace. The payments sector is precisely dominated by cash based transactions in both the developed and developing countries. In the banking sector, the branch less channels of banking has explored into digital payments considering both the rural and urban regions. The reduced transaction charges along with the degree of ease of cash transfers related with the electronic fund transfers & mobile banking would further drive the growth of digital payment systems in the world. The digital payment solutions has many growth opportunities precisely in the developing countries which includes China and India.

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The leading market players mainly include-
First data
Worldpay
Chetu
Paypal
Wirecard
Fiserv
Novatti
Paysafe
Wex

The Indian government is focusing to develop positive policy framework which includes Goods & service taxes, improving digital infrastructure, financial inclusion and launching payment systems such as Aadhar enabled payments, UPI & other fueling the digital payment sector. In the year 2016, The Indian central government made an economical impactful move of demonetization to curb the black money of the individuals circulating in the country which directly enhanced the utility and adoption of digital payment penetration which further augmented the adoption and development of digital payment solutions market on the global scenario.

The regional analysis of Global Digital Payment Solutions Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the fastest growing region across the world in terms of market share. Whereas, owing to the countries such as China, Japan, and India, Asia Pacific region is anticipated to be the dominating region over the forecast period 2018-2025.

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Type:

 Payment Gateway Solutions
 Payment Wallet Solutions
 Payment Processing Solutions
 Payment Security and Fraud Management Solutions
 POS Solutions
 Other

By Applications:

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 MNOs
 Financial Institutions
 Payment Network
 Intermediaries
 Merchants
 Customers
By Regions:
 North America
o U.S.
o Canada
 Europe
o UK
o Germany
 Asia Pacific
o China
o India
o Japan
 Latin America
o Brazil
o Mexico
 Rest of the World

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This release was published on openPR.