Future of Digital Payment Market After COVID 19: Ken Research
Different people and organizations prefer digital payment mode over the traditional payment methods. Traditional payment modes generally include cash, demand draft, check, and money order. Digital payment provides a variety of benefits over the traditional payment’s mode for instance; it offers ease of convenience and accessibility to the users. It also enables the user to mitigate thefts & losses. Digital Payment Market Forecast is expected to observe a major boost due to convince it offers to the customers. Customers need not to carry the cash with them and they can carry their ATM cards wherever they want. In fact, with the advancement of technology, customers do not have to present physically for the payment. Customers can pay anytime from anywhere in the world.
Digital payment features agile, real-time, and personalized payment services. It entails the usage of mobile wallets, application program interface (API), and Blockchain technologies. These advanced payment technologies improve customer experience. Digital payment supports faster, safer and more-convenient payment methods. The digital payments market has experienced strong growth in recent years. This is mainly due to rising awareness among people of the benefits of the digital payments market.
For More Information on Payment Market, Click on the Below Link: –
Increase in ecommerce sales & growth in internet penetration, followed by growth in the adoption of real-time payments, High proliferation of Smartphone, increase in customer expectations, growth in adoption of contactless payments and increase in initiatives for promotion of digital payments are some major factors, which are responsible for growth of the payments market. Apart from this, lack of digital literacy in emerging countries and lack of global standards for cross-border payments may impact the market. Moreover, gradual adoption of open-banking APIs, rapid decline in unbanked population across the globe and progressive changes in regulatory frameworks are leading opportunities for market.
We provide Research Report on Payments Market based on regional analysis, the regions such as Asia-Pacific is one of the leading regions in global payments market owing to growth in industrialization, rise in disposable income and increase in preference for online banking for its policy & security across the region. The North-America and Europe regions are anticipated to witness higher growth rate due to increase in proliferation of the internet & mobile phones, presence of the best financial institutions, increase in deployment of smart parking meters, over the forecast period. It is projected that future of the global payments market will be bright on account of rise in demand for improved consumer experience coupled with increase in initiatives undertaken by governments of various countries to promote digital payments during the forecast period.
Related Report: –
Contact Us: –
Ankur Gupta, Head Marketing & Communications
Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India
Ken Research is a research based management consulting company. We provide strategic consultancy to aid clients on critical business perspective: strategy, marketing, organization, operations and technology transformation, advanced analytics, corporate finance, mergers & acquisitions and sustainability across all industries and geographies.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Future of Digital Payment Market After COVID 19: Ken Research here
News-ID: 2473717 • Views: 305
More Releases from Ken Research
Asia Pacific Digital Manufacturing Market 2021-2031 Research Report by Component …
According to our research analysis, Asia Pacific digital manufacturing market 2021-2031 will grow by 16.8% annually with a total addressable market cap of USD 1,196.3 billion over 2022-2031, driven by the emerging trend of digitalization, the extensive research and development (R&D) in the field of production technologies, the development of technologically advanced and innovative digital manufacturing tools, the implementation of the Internet of Things (IoT) and robotics, along with the
Europe Digital Manufacturing Market 2021-2031 Research Report by Size, Share, Gr …
According to our research analysis, Europe digital manufacturing market 2021-2031 was valued at USD 50.7 million in 2021 and will grow by 13.5% annually over 2021-2031, driven by the emerging trend of digitalization, the extensive research and development (R&D) in the field of production technologies, the development of technologically advanced and innovative digital manufacturing tools, the implementation of the Internet of Things (IoT) and robotics, along with the increasing adoption
Kuwait Logistics and Warehousing Market Research Report, Size, Share, Growth, Tr …
The growth of freight forwarding in Kuwait was assisted by development in key industries such as oil and gas, manufacturing, retail, wholesale, construction, agriculture and mining. The Kuwait market observed the entry of several foreign players as flexible policies were introduced by the government to boost the economic growth of the region. Sea (Inland Waterway and maritime) registered in freight movement in freight forwarding market in 2017 owing to
Kuwait Education Market Research Report 2022, Size, Share, Growth, Demand, Futur …
Kuwait's education market is in its growth stage. Transformations and overhauls brought in the complete education curriculum through government interventions & subsidies extended has been a key market assistance parameter. The two key organizations that oversee the functions of this sector in Kuwait are the Ministry of Education and the Ministry of Higher Education. The education market in Kuwait has dominated a revenue growth close to close to 6% throughout 2012-2017.
More Releases for Payment
E-payment Solutions Market
A new research document is added in HTF MI database of 70 pages, titled as 'E-payment Solutions Market in India 2020' with detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions like North America, LATAM, West Europe, MENA Countries, Southeast Asia or Asia Pacific and important players/vendors such as Axis Bank Limited, HDFC Bank Limited, ICICI Bank Limited, Infibeam Avenues Limited, State Bank
Network Payment Services Market
Reports Intellect newly added the Global Business Catastrophe Insurance Market Report that gives meticulous investigation of current scenario of the Market size, share, demand, growth, trends, and forecast in the coming years. This research report is equipped with the information categorising for Network Payment Services Market by parameters such as players, brands, regions, types and application. The report also details the information about the global market status, competition landscape,
Mobile Payment Technologies Market - Increasing Adoption of Immediate Payment Pr …
First and foremost, growing adoption of smart devices and increasing mobile data usage is fuelling the mobile payment technologies market. This is mainly because of ease of communication and growing demand for convenient mode of transaction. The ceaseless adoption of mobile devices and digitization wave has been instrumental for the mounting use of mobile transaction especially among new-age consumers. For example, according to statistics of the Groupe Speciale Mobile Association
Payment Company Profile: Square
Square is a US-based payment services provider that allows merchants to accept payments from customers for products and services. The solution allows businesses to accept payments through methods including debit and credit cards issued by all major scheme providers (including Visa, Mastercard, American Express, Diners Club, and China UnionPay), as well as NFC-based solutions such as Android Pay and Apple Pay. For offline payments, Square offers an array of traditional and
Alternative Payment Solution: Swish
Orbisresearch.com published “Alternative Payment Solution: Swish Market” from its database. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Swish is a Swedish mobile payment solution launched in 2012. It is one of the leading P2P payment solutions in Europe with 5.7 million users. Initially launched as a P2P payment service between
Payment Gateway Industry Worth US$ 86.9 Billion By 2025 - Hosted Payment Gateway …
The merchants all over the globe are avidly willing to expand their businesses cross-border by adaption of a logical approach, by partnering with the payment gateways. With the help of this partnership, these merchants gain the advantage of tapping the opportunities created by the globalization of e-commerce. Majority of merchants today, are eyeing up global expansion and wish to grow at a faster pace, however, the last thing they would