Analysis Global Digital Payment Market by Type, Application and Regions Forecast till 2030

A new comprehensive data report titled Global Digital Payment Market has been added by Absolute Markets Insights. The precise information has been studied by perceptive team with the help of unparalleled applicable sales strategies that can improve the performance of market industries. The compelling structure of the Global Digital Payment Market positively attributes to the advancement of industries. Furthermore, the report also covers other crucial market restraints with major key players.
The evolution of the payment industry in the last couple of years has been remarkable. The on-going digital revolution has disrupted the banking industry. The customer demands for any time anywhere payment complimented by smartphones internet connectivity and non-physical interfaces is fuelling the growth of the digital payment market globally. Contactless payment methods require eliminated the need for physical interaction and are more secure therefore; the consumers are increasingly opting for alternative mode of payments, such as digital wallets in this duration.

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The digital payment market is majorly driven by technological advancements such as mobile device and digital technologies. Smartphones equipped with GPS barcode scanners, high-resolution cameras high processing power and NFC based technologies are powerful enablers for digital payment systems. For instance, Fitbit Pay allows users to pay at accepted contactless payment terminals through the fitness tracker. The device leverages near field communication (NFC) which helps customers to pay at supported terminals.

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In terms of revenue, global digital payment market was valued at US$ 874 Mn in 2021 growing at a CAGR of 22.7% over the forecast period. The study analyses the market in terms of revenue across all the major regions, which have been bifurcated into countries.
The detailed research study provides qualitative and quantitative analysis of digital payment market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

Key Findings of the Report:
• On the basis of type, the international segment is expected to show the maximum growth over the forecast period owing to increasing international trade.
• On the basis of end user, the individual segment has witnessed the highest share in 2021.
• As far as geography is concerned, North America accounted for the maximum share in the global digital payment market in 2021. This growth is attributed to the developed digital economy along with the expansion of the mobile commerce industry in this region.

Major Key players operating in the digital payment market:
Adyen, Alipay.com, Amazon Payments, Inc., Apple Inc., Authorize.Net, Boku Inc., Digital River, Inc., First Data Corporation, Global Collect Services USA, Inc, Google LLC, PayPal, Inc., Stripe, Tencent, TransferWise Ltd, Wirecard AG, amongst others.

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Global Digital Payment Market:
• By Type
o Domestic
o International

• By End User
o Enterprises
o Individuals

• By Mode of Payment
o E-Wallet
o Internet Banking
o Bank Cards
o Digital Currency
o Others

• By Region
o North America
 U.S
 Canada
 Mexico
 Rest of North America
o Europe
 France
 The UK
 Spain
 Germany
 Italy
 Nordic Countries
 Denmark
 Finland
 Iceland
 Sweden
 Norway
 Benelux Union
 Belgium
 The Netherlands
 Luxembourg
 Rest of Europe
o Asia Pacific
 China
 Japan
 India
 New Zealand
 Australia
 South Korea
 Southeast Asia
 Indonesia
 Thailand
 Malaysia
 Singapore
 Rest of Southeast Asia
 Rest of Asia Pacific
o Middle East and Africa
 Saudi Arabia
 UAE
 Egypt
 Kuwait
 South Africa
 Rest of Middle East & Africa
o Latin America
 Brazil
 Argentina
 Rest of Latin America

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