openPR Logo
Press release

Digital Payment Market, Size, Share, Growth and Key Players | Forecast (2023 - 2030) | Renub Research

11-23-2023 12:47 PM CET | Media & Telecommunications

Press release from: Renub Research

Digital Payment Market, Size, Share, Growth and Key Players |

Renub Research has recently published a report named " Digital Payment Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2030," providing a detailed industry analysis that consists of market share insights. Furthermore, the report encompasses a study of competitors and regions and the recent growth in the Digital Payment Market.

Read More:

Digital Payment Market is expected to grow at a CAGR of 15.20% from 2023 to 2030. This brilliant growth can be attributed to the fast digitization of company, the sizable adoption of mobile devices, and the proliferation of e-commerce, all of which have significantly contributed to the substantial evolution and transformation of the digital payment industry. This dynamic market consists of diverse systems, offerings, and price options designed to decorate the overall performance and comfort of digital transactions for each companies and consumers. A giant motive force at the back of this growth is the increasing popularity of digital payment methods, eclipsing traditional choices, which include cash and cheques. Digital alternatives, which consist of credit cards, debit cards, and virtual wallets, have received prominence as consumer prioritize the swiftness and ease of digital payments for monetary transactions.

Request a free sample copy of the report:

Moreover, the growth of digital wallets and commercial industry including PayPal, Google Pay, Apple Pay, and community businesses has furnished users with solid and intuitive price solutions. Digital wallets have come to be important in virtual and mobile exchange, leading to massive adjustments in charge methods. The growing reputation of mobile payment with the help of smartphones and specialised apps has revolutionized transactions, making it simpler for users to make payments at the same time as on the go, whether at physical stores, online system, or thru peer-to-peer transfers. As a result, Renub Research predicts that the Digital Payment Market could be worth US$ 24.31 Billion with the aid of 2030.

In the digital payment market, there may be a consistent drive for innovation and opposition, leading to the implementation of biometric authentication, block chain technology, and realtime processing. With the growing range of digital transactions, safety features ought to be a top priority to guard personal financial data. Advanced fraud detection, multi factor authentication, and robust encryption make guaranteed the protection and reliability of digital payment for all users and service providers.

The digital payment segment is hastily evolving, and governments and monetary oversight authorities are taking proactive measures to defend consumers and promote market competitiveness. These measures cover a few regions, Such as data privacy, financial safety, and customer safety, and they require cost provider vendors to stick to strict recommendations. By continuously adapting to the changing digital payment panorama, these regulatory initiatives are crucial in fostering trust and making sure virtual charge services perform fairly and effectively.

Online E-commerce segment is experiencing growth in digital payment Industry.

Increased consumer trust, user-friendly interfaces, and the widespread use of mobile devices have fueled the rise of digital transactions. The shift towards digital purchases has further accelerated this growth. Adopting robust security measures and diverse payment options has also been instrumental in driving the success of digital commerce.

Segments - The Digital Payment Market has been covered from three viewpoints.
1. Digital Commerce
2. Digital Remittance
3. Mobile POS Systems

E-Wallets are the fastest-growing segment in the digital payment market due to their unparalleled convenience, security features, and broad acceptance.

E-Wallets provide users with a seamless and quick way to make transactions and save their economic statistics securely. Their recognition is further propelled by the speedy digitalization of economic offerings and the increased adoption of mobile phones. The numerous programs and structures assisting E-Wallets, coupled with their ease of use, position them as a dominant force in the rapid enlargement of the digital charge market.

Methods - The Digital Payment Market has been covered from five viewpoints.

1. Credit Cards
2. E-wallets
3. Debit cards
4. Charge and Deferred Debit cards
5. Bank Transfers

The banking and financial sectors are poised to dominate a significant share of the digital payment market due to their well-established reputation for trust and security.

Financial institutions offer various digital payment services, digital wallets, digital banking, and payment gateways, ensuring users' seamless and dependable experience. With the growing trend of digital and contactless bills, the banking and financial sectors are well-established to capitalize on this demand, offering complete services and driving their pivotal role in the digital payment market.

Application - The Digital Payment Market has been covered from nine viewpoints.

1. Banking & Financial Sectors
2. Hotels & Restaurants
3. Ecommerce
4. Retail
5. Corporate Sectors
6. Public Sectors
7. Healthcare
8. Transportation & Telecommunication
9. Others

Marketplace platforms have emerged as dominant players in the digital payment market.

These structures offer a one-stop shop for numerous products and services, necessitating robust and versatile payment solutions. Integrating stable and people-friendly payment gateways simplifies transactions for shoppers and dealers, enhancing the overall buying experience. Their considerable reach and consumer base, blended with seamless payment processing, make market structures a relevant force in propelling the growth of the digital payment market.

Platform - The Digital Payment Market has been covered from two viewpoints.
1. Proprietary
2. Marketplace

The payment gateway sector is experiencing explosive growth in the digital payment market.

With the rising prevalence of e-trade and virtual payments, there is a developing need for dependable payment processing, as each corporation and purchaser is looking for steady and honest alternatives. Payment gateways are the bridge among parties, supplying crucial encryption and fraud prevention. Their role in enhancing the convenience and trustworthiness of digital transactions has rendered them fundamental. As the digital financial system continues to amplify, the payment gateway sector is poised for sustained growth and achievement.

Solution - The Digital Payment Market has been covered from six viewpoints.

1. Application Program Interface
2. Payment Gateway
3. Payment Security
4. Payment Processing and Fraud Management
5. Transaction Risk Management
6. Others

China has firmly established itself as a global leader in the digital payment market.

China boasts a massive and digitally savvy population, making it a fertile ground for mobile payment adoption. Leading Chinese companies like Alipay and WeChat Pay have created highly integrated ecosystems encompassing payments, e-commerce, and other services. Stringent regulations and robust cybersecurity measures have fostered trust among users. China's relentless push for innovation and the government's support of digital initiatives has solidified its position as a global digital payment market leader.

Country - This report covers 27 Countries Digital Payment Market

1. North America

1.1 United States
1.2 Canada

2. Latin America

2.1 Brazil
2.2 Mexico
2.3 Argentina

3. Europe

3.1 United Kingdom
3.2 France
3.3 Germany
3.4 Spain
3.5 Italy
3.6 Netherlands
3.7 Norway
3.8 Sweden
3.9 Switzerland
3.10 Russia
3.11 Turkey

4. Asia Pacific

4.1 India
4.2 China
4.3 Japan
4.4 Indonesia
4.5 Korea
4.6 Australia

5. Middle East and Africa

5.1 Saudi Arabia
5.2 UAE
5.3 Israel
5.4 South Africa

6. Rest of the World

Competitive Landscape
The leading global digital payment market companies are Paypal Holdings Inc., Visa Inc., Mastercard Incorporated, Amazon.Com Inc., Alphabet Inc., ACI Worldwide, American Express Co., Stripe Inc., Fiserv Inc., and Apple Inc.

Company Insights

• Overview
• Recent Development and Initiatives
• Sales Analysis

Analysis of the companies present in the digital payment market

1. Paypal Holdings Inc.
2. Visa Inc.
3. Mastercard Incorporated
4. Amazon.Com Inc.
5. Alphabet Inc.
6. ACI Worldwide
7. American Express Co.
8. Stripe Inc.
9. Fiserv Inc.
10. Apple Inc.+

Browse Related Report:
Global E-Commerce Market:
Buy Online Pick Up in Store Market:
Japan E-commerce Payment Market:
India Payment Market:
United States E-Commerce Payment Market:

Contact Us:

Renub Research
Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)

About the Company:

Renub Research is a Market Research and Information Analysis company with more than 15 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 7000 syndicated reports and worked on more than 500 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.

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 Digital Payment Market, Size, Share, Growth and Key Players | Forecast (2023 - 2030) | Renub Research here

News-ID: 3300244 • Views:

More Releases from Renub Research

Autoimmune Disease Diagnostics Market Hits US$5.32 Billion in 2023, Anticipated to Surge at 7.17% CAGR from 2024 to 2030 ⅼ Renub Research
Autoimmune Disease Diagnostics Market Hits US$5.32 Billion in 2023, Anticipated …
Global Autoimmune Disease Diagnostics market is projected to be valued at around US$ 8.64 Billion by 2030, as per Renub Research. Autoimmune disease diagnostics normally contain a combination of blood markers, specific signs, and sometimes a tissue biopsy. Autoimmune disorders broaden whilst the immune device attacks its cells due to abnormalities. The failure to detect immune cells, tissues, & organs and produce autoantibodies targeting these cells reasons the immune system
Global Automotive Actuators Market on Track to Reach US$ 40.93 Billion by 2030 ⅼ Forecast (2024 - 2030) ⅼ Renub Research
Global Automotive Actuators Market on Track to Reach US$ 40.93 Billion by 2030 …
Renub Research has released a report titled "Global Automotive Actuators Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2030," which includes market percentage records and a thorough enterprise analysis. This report examines the Global Automotive Actuators Market's competition, geographic distribution, and growth potential. Global Automotive Actuators Market is predicted to extend at a CAGR of 6.71% from 2024 to 2030. Automotive actuators are pivotal in the vehicle enterprise, serving as
Digital payment market size was valued at USD 3.53 trillion in 2018 and is projected to reach USD 19.89 trillion by 2026 at CAGR of 24.4% ⅼ Renub Research
Digital payment market size was valued at USD 3.53 trillion in 2018 and is proje …
Digital payment means dealings completed through digital or online mediums. It means doing the transactions through electronic medium like laptops, pads, smartphones etc. The online payment system has evolved through the time. Many new payment systems have been introduced in the years such as swapping of credit or debit cards on POS machines, scanning QR codes, NFC cards etc. Besides the rising internet penetration is expanding the digital payment market
China Baby Food Market, Size, Share, Company Analysis, Industry Trends ⅼ Forecast (2024 2030)
China Baby Food Market, Size, Share, Company Analysis, Industry Trends ⅼ Forec …
The recently released report, "China Baby Food Market: Industry Trends, Growth, Share, Size, Opportunity, and Forecast 2024-2030," produced by Renub Research, includes extensive enterprise analysis and market percentage records. The competition, geographic distribution, and growth potential of the China Baby Food Market are all examined in this study. Read More: China Baby Food Market is predicted to extend at a CAGR of 7.00% from 2024 to 2030. The China baby food

All 5 Releases

More Releases for Pay

Mobile Payment Services Market 2022-2027: Onset of Advanced Technologies to Upsu …
The most recent research report on the Global Mobile Payment Services Market offers the collective study on the COVID-19 epidemic in order to give the latest data on the key attributes of the Mobile Payment Services market. This intelligence report comprises analysis on the basis of current situations, historical data and future projections. The study comprises several market estimates correlated to market size, revenue, production, CAGR, consumption, gross margin in
Samsung Pay Market is Booming Worldwide with Samsung Pay, Apple Pay, Google Pay
HTF Market Intelligence released a new research report of 23 pages on title 'Samsung Pay - Competitor Profile' with detailed analysis, forecast and strategies. The study covers key regions that includes North America, LATAM, United States, GCC, Southeast Asia, Europe, APAC, United Kingdom, India or China etc and important players such as Samsung Pay, Apple Pay, Google Pay, Alipay, Tenpay, Samsung Electronics, Visa, Mastercard. Request a sample report @ Summary Samsung
Mobile Payment Market may see a big Move: Apple Pay, Samsung Pay, Amazon Pay
A new business intelligence report released by HTF MI with title "Global Mobile Payment Market Report 2020" is designed covering micro level of analysis by manufacturers and key business segments. The Global Mobile Payment Market survey analysis offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources and it comprises both qualitative and quantitative detailing. Some
Electronic Payment Market Growth Insights to 2024 by Leading Players like Alipay …
Electronic Payment is a payment solution which is made through digital modes with no hard cash. In digital payment, both payer and payee use digital modes to send and receive money. Digital payment include payment gateway solutions, payment processing solutions, payment wallet solutions, payment security and fraud management solutions, and POS solutions. Scope of the Report: The global Electronic Payment market is valued at xx million USD in 2018 and is expected
Payment Landscape Market to 2024 By Key Players - Samsung Pay, Google Pay, Apple …
For people who are keen on the Payment Landscape Industry the Global Payment Landscape Market Trends, Competitive Analysis and Forecast Report 2019-2024 would be an useful report to refer to as it is an exhaustive study on the present market scenario of this industry. The report also gives a special insight into the growing United States, Europe, APAC, Middle East and Africa market of this industry. The report summarizes key
Payments Landscape in Australia Market Expected to Generate High Revenue in Futu …
Global Payments Landscape in Australia market report offers in-depth knowledge and analysis results and knowledge concerning Payments Landscape in Australia market share, growth factors, size, key drivers, restraints, opportunities, and trends valid by a mixture of specialists with correct data of the precise trade and Payments Landscape in Australia market further as region-wise analysis experience. The Payments Landscape in Australia report contains historical, current, and projected revenues for every sector,