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Digital Payments Market Size, Share, Growth Insights and Report 2024-2031 | PayPal, Google, Alipay

10-15-2024 02:14 PM CET | IT, New Media & Software

Press release from: DataM Intelligence 4 Market Research LLP

DataM Intelligence

DataM Intelligence

DataM Intelligence has released a new research report on the Digital Payment market. The report provides a detailed analysis of current and emerging trends, offering insights into the market dynamics. It utilizes Porter's Five Forces model to assess key factors such as supplier and customer relationships, risks from various agents, competitive intensity, and opportunities for new entrants. The study also includes research data from various companies, analyzing factors like benefits, gross margins, and strategic decisions in the global market. The report is enriched with tables, charts, and infographics for a clear presentation of the findings.

Global Digital Payments Market reached USD 10.1 Billion in 2022 and is expected to reach USD 15.6 Billion in 2030, growing with a CAGR of 5.6% during the forecast period 2024-2031

Get a Free Sample Research PDF - https://datamintelligence.com/download-sample/digital-payment-market

Digital payment refers to the process of making financial transactions electronically, using digital methods rather than physical cash or checks. This can include various forms such as credit and debit cards, mobile wallets (like Apple Pay, Google Pay, and Samsung Pay), online banking, cryptocurrencies, and direct bank transfers. Digital payments offer convenience, speed, and security, allowing consumers to make purchases, pay bills, and transfer money instantly from their devices. Additionally, businesses benefit from digital payment systems by streamlining transactions, improving cash flow, and enhancing customer experience. The growing adoption of digital payments is driven by technological advancements, increased smartphone usage, and a shift towards e-commerce and contactless transactions, especially accelerated by the COVID-19 pandemic.

List of the Key Players in the Digital Payment Market: MasterCard, Google, Amazon, Alipay, Visa, PayPal, ACI Worldwide, Aurus, Apple Pay and Paysafe.

Key Developments:

On 6 March 2023, RBI Governor Shaktikanta Das launched a mission called "Har Payment Digital" during the Digital Payments Awareness Week (DPAW) in 2023. The objective of this initiative is to make every citizen in the country a user of digital payments. The aim is to limit the gap and increase awareness and adoption of digital payment methods among the population.

On 21 Feb 2023, Collaboration between India and Singapore launched a digital payment mechanism that enables residents of both countries to make cross-border transactions easily and quickly. The tie-up between India's Unified Payments Interface (UPI) and Singapore's PayNow was officially launched by Reserve Bank of India Governor Shaktikanta Das and Monetary Authority of Singapore Managing Director Ravi Menon.

Research Process:

Both primary and secondary data sources have been used in the global Digital Payment Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Digital Payment Market:

By Component (Solution, Service)

By Mode of Payment (Point of Sales, Digital Wallet, Bank Cards, Digital Currencies, Net Banking, Others)

By Deployment (Cloud, On-premises)

By Organization Size (Large Enterprises, Small and Medium-sized Enterprises)

By End-User (Banking, Financial Service, and Insurance, Healthcare, Retail and Ecommerce, Transportation, Travel and Hospitality, Media and Entertainment, Transportation and Logistics, Others)

Get Customization in the report as per your requirements: https://datamintelligence.com/customize/digital-payment-market

Regional Analysis:

➣ North America (US, Canada, Mexico)

➣ Europe (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)

➣ Asia-Pacific (China, India, Japan, Australia, Rest of Asia Pacific)

➣ South America (Brazil, Argentina, Rest of South America)

➣ Middle East and Africa

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Digital Payment market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Digital Payment Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Digital Payment market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Digital Payment Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

Have any Query? Talk to our Expert @ https://www.datamintelligence.com/enquiry/digital-payment-market

The Research Report Offers Answers To The Following Questions:

☛ What is the expected growth rate of the global market for the forecast period?

☛ What are the key driving factors that are responsible to shape the fate of the Digital Payment market during the forecast period?

☛ What will be the overall size of the market during the analysis period?

☛ What are the prominent market trends which influence the development of the Digital Payment market across various regions?

☛ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

☛ What are the challenges and threats that are likely to act as a barrier to the growth of the Digital Payment market?

☛ What are the major opportunities that the companies can get to attain success in the world?

Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

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