Asia Pacific Digital Payment Market To Witness Huge Growth By 2028 with CAGR of 17.2% | ACI Worldwide, Inc., Adyen, Block, Inc., Financial Software & Systems Pvt. Ltd., Fiserv, Inc., Global Payments Inc., Novatti Group Ltd, PayPal Holdings, Inc., PayU

The APAC digital payment market is expected to grow from US$ 18,669.91 million in 2021 to US$ 56,718.42 million by 2028; it is estimated to grow at a CAGR of 17.2% from 2021 to 2028.

Financial services companies are emphasizing open banking initiatives and application programming interfaces. Traditional banks understand that they must improve their digital capabilities to compete in the sector, and use superior offers and services to avoid being disintermediated by new entrants. Companies such as PayPal and Visa are supporting open banking projects. Also, in several countries, open banking initiatives are progressively becoming the norm because banks are legally required to make account information accessible via APIs. Open Banking APIs boost a bank's attractiveness and enable it to meet the changing expectations of existing clients, along with attracting new ones. The APIs may also be used as a one-of-a-kind solution to boost customer interaction and respond to consumer requirements in a safe, agile, and future-proof way. Open Banking APIs are significant assets for financial services organizations because they allow them to expand service offerings, boost client interaction, and create new digital income channels.

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The Business Market Insights provides you regional research analysis on "Asia Pacific Digital Payment Market" and forecast to 2028. The research report provides deep insights into the regional market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the Asia Pacific Digital Payment market during the forecast period, i.e., 2021-2028.

Major key players covered in this report:
 ACI Worldwide, Inc.
 Adyen
 Block, Inc.
 Financial Software & Systems Pvt. Ltd.
 Fiserv, Inc.
 Global Payments Inc.
 Novatti Group Ltd
 PayPal Holdings, Inc.
 PayU

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The report profiles the key players in the industry, along with a detailed analysis of their individual positions against the regional landscape. The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Asia Pacific Digital Payment market. The researcher provides an extensive analysis of the Asia Pacific Digital Payment market size, share, trends, overall earnings, gross revenue, and profit margin to accurately draw a forecast and provide expert insights to investors to keep them updated with the trends in the market.

NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post the COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

Asia Pacific Digital Payment Market Segmentation

APAC Digital Payment Market, by Component
Solution
• Payment Gateway
• Payment Processing
• Payment Security and Fraud Management
• Point of Sale
• Payment Wallet
Services
• Professional Services
• Managed Services
APAC Digital Payment Market, by Deployment
• On-Premise
• Cloud-Based
APAC Digital Payment Market, by Organization Size
• SMEs
• Large Enterprises

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The research on the Asia Pacific Digital Payment market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor's methodologies. The research also segments the Asia Pacific Digital Payment market on the basis of end user, product type, application, and demography for the forecast period 2021-2028. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the Asia Pacific Digital Payment market.

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