openPR Logo
Press release

Growing Demand of Web Based Shopping Coupled with Impact of Covid - 19 Boosted the Global Digital Payment Market Outlook: Ken Research

05-20-2022 12:38 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Ken Research Pvt Ltd

Growing Demand of Web Based Shopping Coupled with Impact of Covid

Worldwide Digital Payment market was esteemed as USD billion during the year 2019. Inferable from the abrupt COVID-19 episode interest for the contactless payments, market is normal observer high development and is supposed to arrive at a higher market size in USD billion by 2020. Post 2020 the worldwide digital payment market is supposed to observe development and will increase at a double digit CAGR during 2021-2026.

Payment Services are base of each and every economy. With digitization and proceeded with mechanical turn of events, they can progressively offer customers and organizations approaches to paying that are customized, helpful and adaptable. Digital payment can likewise help monetary incorporation, work with planning, and empower activity to forestall and handle financial wrongdoing. The public authority perceives that the development in the utilization of Digital Payment has been quick, and it needs to guarantee that everybody has the choice to have the option to carefully pay for labour and products. To that end the public authority has attempted a huge program of work that, by supporting development and rivalry, has proactively helped simplify digital payments, speedier, and less expensive.

For More Information, refer to below link:-
https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/digital-payment-market/433848-93.html

Advanced economies have executed a credit only payment substance, dependent basically upon charge cards a very long while back, yet lately, the inheritance structures have out of nowhere turned into a weight. The "Western" markets are currently a lot slower to take on new payment arrangements than developing economies like China, India, or Eastern Europe. A huge portion of the populace in the advanced economies of Asia, Africa, and Latin America has additionally been under banked until the ascent of mobile payment and wallet advancements that totally depend on available versatile innovation.

According to the research report, 'Global Digital Payment Market: Current Analysis and Forecast (2020-2026)' states that both service and solution are key fundamental to complete digital payment easily. A few digital payment arrangements are accessible in the market such as POS, web based business, e-wallets and net banking among others.

However, the digital payment market is being majorly segmented on the basis of Mobile POS payments and digital commerce. The method of payment is extensively separated into on-premises and cloud. Huge undertakings have significantly embraced these arrangements. Be that as it may, changing guidelines and conduct of buyers have urged SMEs to take on them.

On the other hand, the digital payment market is also segmented on the basis of end users, where the market is portioned into BSFI, medical care, IT and Telecom, Media and Entertainment, Retail and E-business and others. Every one of the areas is using these solution and services as they make payments more advantageous and more secure. Currently, people are generally in favour of web based shopping as it is speedy and simple. In addition, the lockdown in the COVID-multiple times have energized contactless shopping and digital payment to keep themselves away from the contact with contaminated individuals. In 2019, BSFI ruled the worldwide digital payment market.

Additionally, the report also provides a detailed analysis of the Digital Payment market, point by point on the basis of the provincial level detailing of North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Singapore and Rest of Asia-Pacific) and Rest of the World has been led. Also, it has been witnessed that ACI Worldwide, WEX, Adyen, Dwolla, Fiserv, Novatti, PayPal, Paysafe, Worldpay and Wirecard are a portion of the noticeable players working in the Global Digital Payment market. A few M&A's alongside organizations have been embraced by these players to work with costumers with more proficient and innovative payment solution.

For More Information, refer to below link:-
https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/digital-payment-market/433848-93.html

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249

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. We provide business intelligence and operational advisory across 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies. Some of top consulting companies and Market leaders seek our intelligence to identify new revenue streams, customer/ vendor paradigm and pain points and due diligence on competition.

We currently cater to 300+ sectors with 150,000+ research repository across 196+ countries serving 1000+ clients and have partnered with almost 25+ content aggregators.

This release was published on openPR.

Permanent link to this press release:

Copy
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 Growing Demand of Web Based Shopping Coupled with Impact of Covid - 19 Boosted the Global Digital Payment Market Outlook: Ken Research here

News-ID: 2631643 • Views: 179

More Releases from Ken Research Pvt Ltd

Antivirus and Antimalware Market: Ken Research
Cybersecurity is the procedure of safeguarding the networks, systems, and programs from digital attacks. Cyber-attacks are usually focused at changing, accessing, or destroying sensitive information; extorting money from the users; or interrupting normal business procedures. As the people around the globe relies more on the technology, cybersecurity plays a crucial role in preventing the digital data of governments and countless business. Several forms of cybercrimes, such as phishing and hacking
Global Long-Term Care Insurance Market: Ken Research
According to the report analysis, 'Global Long-Term Care Insurance Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)' states that Apollo Munich Long-Term Care Insurance, Express Scripts Holding Company, Allianz SE, Aetna, Inc., AIA Insurance Group, AXA, International Medical Group, Zurich Insurance Group Ltd., UnitedHealth Group Inc., Aviva plc and many more are the foremost companies which recently working
Global Radiation Dosimeters Market Growth Is Propelled by Growth In Healthcare E …
According to the report analysis, 'Global Radiation Dosimeters Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use' states that Panasonic, ATOMTEX, Teledyne Technologies, Inc., Thermo Fisher Scientific, GE Healthcare, Gammex, Fluke Biomedical, Capintec, BIODEX, Acmas Technologies, IBA Dosimetry, QUART X-Ray, Trans Instruments, Unfors RaySafe AB and many others are the foremost companies which presently working more proficiently for keep maintaining the governing position, leading the highest market
Business Market Research Reports Disclose Several Aspects of Market: Ken Researc …
The market research is a crucial portion of any and all marketing schedules. Market research is prevailing as a service to sustenance any company, service provider, individual or organization make improved, more well-informed decisions. The more research is entrenched in the strategic schedules of a firm, the better well-appointed it is to deal with the transmuting surrounding within which it functions. Business Market Research Reports not only save you hours of

All 5 Releases


More Releases for Digital

Advanced Digital Marketing Course
Digilearnings is introducing a practical learning based course which is the most trending and interesting course currently i.e. ADMC ( advanced digital marketing course). Advanced Digital marketing course is specially designed by the professionals of Digilearnings to help students who want to make their career in the Digital Marketing field. The team of Digilearnings has specially designed this course by keeping in mind the growing sector of Digital Marketing. The Advanced Digital Marketing
Digital Radiography – Digitizing Healthcare
Increasing health consciousness and growing awareness about the same are leading to higher footfalls in diagnostic laboratories. This is contributing towards overall growth of diagnostics market. Furthermore, digitization in healthcare sector is easing patient diagnosis, providing accurate and faster test results. X-ray being the most conventional and effective diagnostic tool, digitization in the X-ray system has gained a strong foothold in diagnostic laboratories across the globe. Also, with more research
Room Sensors Become Digital
The EE10 room sensors from E+E Elektronik measure accurately the relative humidity and temperature in commercial and residential buildings. Besides existing versions with analogue outputs, the devices are now also available with Modbus RTU or BACnet interface, which facilitates integration into modern climate control systems. The functional enclosure allows for fast and easy installation. The EE10 room sensors family includes models for humidity and temperature measurement as well as for temperature
Digital Twin
Innovations in sciences and technological advances will drive the development of different types of sensors. The demand for sensors in industries is increasing as they offer various advantage such as low cost and low power consumption. Publisher’s market study identifies the developments in sensor technologies and communication devices to be one of the primary growth factors for the digital twin market. Also, these sensors aid in enterprise mobility, remote monitoring,
Digital Currency & Cryptocurrency – A New Digital Future
Digital currency, also known as Digital money, is a type of unregulated, digital money, which is issued and usually controlled by its developers, and used and accepted among the members of a specific Digital community. The Financial Crimes Enforcement Network (FinCEN), a bureau of the US Treasury, defined Digital currency in its guidance published in 2013. In 2014, the European Banking Authority defined Digital currency as “a digital representation of
TrendSights Analysis: Digital Consumption: Understanding digital culture
"The Report TrendSights Analysis: Digital Consumption: Understanding digital culture provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz" The overall time spent consuming digital content has already surpassed all other media sources altogether (TV, radio, print), which represents a new shift in the way consumers are engaging with digital consumption. In order not to be excluded from the digital world, brands are developing