Digital Payments Market Growth Analysis By Size, Top Companies, Supply Demand, Trends, Demand, Overview and Forecast To 2030

The Business Research Company offers "Digital Payments Global Market Report 2020-30: Covid 19 Impact And Recovery" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.

The global digital payments market is expected to grow from $3,885.6 billion in 2019 to about $5,439.8 billion in 2020. People are using digital payment options to avoid contact and spread of infection through direct cash handling, and also to adhere to social distancing to curb the spread of Covid-19. Due to closure of local market places and to avoid public gathering, people are preferring online purchase of essential supplies, which in turn is increasing the demand for the digital payments market.

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The digital payments market consists of all the transactions that take place across the digital media along with the product and services associated. Digital payments is a payment mode that uses digital medium such as the internet, cell phones and automated devices to send and receive money. It needs both payer and payee to use the digital means to send and receive money, it is not mandatory in some situations for the payee to use a digital medium to receive money.

Breach in security is expected to hinder the digital payments market globally. The increase in digitalization of payments has led to security breaches incurring loss to the merchants and customers as well. According to American Express digital payments survey in 2019, 8 of 10 respondents have said they experienced some type of fraud in their business. In 2018, a top airline carrier has experienced a security breach where the hackers have collected 244,000 credit card details.

Digital Payments Market Segmentation: -
By Communication Type
1. Fixed Wireless Access (FWA)
2. Enhanced Mobile Broadband (eMBB)
3. Ultra-Reliable and Low Latency Communications (uRLLC)
4. Massive Machine-Type Communications (mMTC)

By End-User
1. Retail
2. Banking and Financial Service
3. Telecommunication
4. Government
5. Transportation
6. Others

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Few Points From Table Of Content
1. Executive Summary
2. Digital Payments Market Characteristics
3. Digital Payments Market Size And Growth
4. Digital Payments Market Segmentation
5. Digital Payments Market Regional And Country Analysis
……
25. Digital Payments Market Competitive Landscape
26. Key Mergers And Acquisitions In The Digital Payments Market
27. Digital Payments Market Trends And Strategies
28. Digital Payments Market Future Outlook and Potential Analysis
29. Appendix

The report covers the trends and market dynamics of the digital payments market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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Some of the key players involved in the digital payments market are Alipay, Amazon Pay, Apple Pay, Tencent, Google Pay, First Data, Paypal, Fiserv, Visa Inc., MasterCard.

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The Business Research Company has published over 1000 industry rep orts, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.

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