E-Payment Market Size, Demand, Growth, Trends, Segmentation And Forecasts Research To 2027

The Global E-Payment Market Report includes an in-depth study of development components, trends, fluxes, and sizes. The research also calculates current and historical market values in order to anticipate possible market management for the 2022-2027 forecast period. The thorough use of both primary and secondary data sources was used in this E-Payment Market research study. This involves research into government policy, the market environment, the competitive landscape, historical data, current market trends, technological innovation, emerging technologies, and technical advancement in connected industries, among other things.

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The Global E-Payment Market Size is Projected to Reach at a CAGR of 23.73% during 2022-2027.

The data studied for the preparation of the report takes into account the current major players and the major players that will be listed. Industry top players are MasterCard, Inc., PayPal, Inc., Alibaba Group Holding Ltd., Visa, Inc.

Recent developments
In March 2021, Mastercard has acquired Nets a European PayTech company the additions to Mastercard will support a broader set of account-to-account capabilities, including clearing and settlement instant payment infrastructure, bill payment, and E-invoicing application
In November 2020, Visa and Conferma Pay have announced a strategic partnership to launch Visa Commercial Pay, a suite of B2B payment solutions, to help improve cash flow for businesses and eliminate outdated manual processes. The strategic partnership will accelerate B2B money movement away from slow, outdated methods to fast, data-rich, secure digital payments and give businesses better control over their finances.

E-Payment Market Segmentation:

E-Payment Market Segmentation By Type:

E-wallets

Cards

Online banking

Direct debits

E-Payment Market Segmentation By Application:

Fashion

Electronics & Media

Food & Personal Care

Furniture and Appliances

Service Industry

Others

Market Overview:

 The global E-Payment Market size is expected to from USD 89.1 billion in 2022 to USD 180.4 billion by 2027, at a CAGR  during the forecast period. The E-Payment Market market is expected to grow, owing to the worldwide initiatives for the promotion of digital payments, high proliferation of smartphones enabling mCommerce growth, increase in eCommerce sales, and growth in internet penetration.

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APAC is expected to hold the highest CAGR during the forecast period

The global E-payment market by region covers 5 major geographic regions, namely North America, Asia Pacific (APAC), Europe, MEA, and Latin America. APAC is projected to witness the highest growth rate. The countries in the region have undertaken major initiatives to improve the payment industry. For instance, Asian Payments Network (APN) is a group of 11 Asian countries that include the Philippines, China, Singapore, Malaysia, Thailand, Vietnam, Indonesia, South Korea, Japan, New Zealand, and Australia to promote cross-border banking transactions in the region.

Regional Analysis:

North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

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Significant Features and Key Highlights of the Reports:

– Detailed overview of E-Payment Market

– Changing market dynamics of the industry

– In-depth market segmentation by Type, Application etc.

– Historical, current and projected market size in terms of volume and value.

– Recent industry trends and developments

– Competitive landscape of E-Payment Market

– Strategies of key players and product offerings

– Potential and niche segments/regions exhibiting promising growth.

The report gives answers to the following:

What strategies are followed by key players to fight this Covid-19 situation?
What are the essential matters drivers, opportunities, challenges, and dangers of the market will face surviving?
Which are the leading market players in the E-Payment industry?
What is the predicted compound annual growth rate (CAGR) of the global marketplace during the forecast period (2022-2027)?
What could be the anticipated value of the E-Payment marketplace in the during the forecast period?

Customization: -

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This release was published on openPR.