openPR Logo
Press release

Digital Payment Market to Reach USD 244.86 Billion by 2030, Growing at a 14.89% CAGR

Digital Payment Market

Digital Payment Market

๐ƒ๐ข๐ ๐ข๐ญ๐š๐ฅ ๐๐š๐ฒ๐ฆ๐ž๐ง๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ: ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ, ๐“๐ซ๐ž๐ง๐๐ฌ, ๐š๐ง๐ ๐Š๐ž๐ฒ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ ๐€๐œ๐ซ๐จ๐ฌ๐ฌ ๐Œ๐š๐ฃ๐จ๐ซ ๐‘๐ž๐ ๐ข๐จ๐ง๐ฌ

The global digital payment market is undergoing significant expansion, driven by advancements in financial technology, increasing smartphone penetration, and the rising preference for contactless transactions. In 2023, the market was valued at USD 92.67 Billion and is projected to grow at a CAGR of 14.89% from 2024 to 2030, reaching USD 244.86 Billion by the end of the forecast period.

๐ƒ๐ข๐ ๐ข๐ญ๐š๐ฅ ๐๐š๐ฒ๐ฆ๐ž๐ง๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ

Vietnam's digital payment market is thriving, bolstered by government initiatives to promote cashless transactions. Companies like ๐Œ๐จ๐Œ๐จ and ๐™๐š๐ฅ๐จ๐๐š๐ฒ are leading the market with innovative mobile payment solutions. In 2023, the market grew by 18%, supported by the government's "National Digital Transformation" program, which aims to increase the adoption of electronic payments.

๐‚๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐ญ๐จ ๐ฉ๐ž๐ž๐ค ๐ข๐ง๐ฌ๐ข๐๐ž? ๐†๐ซ๐š๐› ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ:https://www.maximizemarketresearch.com/request-sample/16835/

๐ƒ๐ข๐ ๐ข๐ญ๐š๐ฅ ๐๐š๐ฒ๐ฆ๐ž๐ง๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐

Thailand's digital payment sector is witnessing rapid growth due to increasing e-commerce activity and government support for financial inclusion. Platforms like ๐๐ซ๐จ๐ฆ๐ฉ๐ญ๐๐š๐ฒ have become popular for peer-to-peer and business transactions. The market is projected to grow at a CAGR of 16.2%, driven by rising consumer trust in digital platforms and robust infrastructure.

๐ƒ๐ข๐ ๐ข๐ญ๐š๐ฅ ๐๐š๐ฒ๐ฆ๐ž๐ง๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง

Japan's digital payment market is characterized by high technology adoption and the integration of advanced payment systems. Companies like ๐๐š๐ฒ๐๐š๐ฒ and ๐‘๐š๐ค๐ฎ๐ญ๐ž๐ง ๐๐š๐ฒ are leading the charge, offering seamless payment solutions. In 2023, digital wallet transactions grew by 14%, reflecting the increasing preference for cashless payments among younger generations.

๐ƒ๐ข๐ ๐ข๐ญ๐š๐ฅ ๐๐š๐ฒ๐ฆ๐ž๐ง๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐‚๐ก๐ข๐ง๐š

China's digital payment market, the largest globally, is witnessing consolidation as major players like ๐€๐ฅ๐ข๐ฉ๐š๐ฒ and ๐–๐ž๐‚๐ก๐š๐ญ ๐๐š๐ฒ continue to dominate. In 2023, the market accounted for over 60% of global digital transactions, driven by innovations in QR code payments and mobile wallets. The government's support for digital currency initiatives, such as the Digital Yuan, further strengthens the market.

๐„๐š๐ ๐ž๐ซ ๐ญ๐จ ๐๐ข๐ฌ๐œ๐จ๐ฏ๐ž๐ซ ๐ฐ๐ก๐š๐ญ'๐ฌ ๐ฐ๐ข๐ญ๐ก๐ข๐ง? ๐’๐ž๐œ๐ฎ๐ซ๐ž ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ๐๐š๐ฒ: https://www.maximizemarketresearch.com/request-sample/16835/

๐ƒ๐ข๐ ๐ข๐ญ๐š๐ฅ ๐๐š๐ฒ๐ฆ๐ž๐ง๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š

South Korea's digital payment market is evolving with the integration of blockchain technology and AI-powered fraud detection systems. Companies like ๐Š๐š๐ค๐š๐จ๐๐š๐ฒ and ๐’๐š๐ฆ๐ฌ๐ฎ๐ง๐  ๐๐š๐ฒ are leading innovations. In 2023, the market grew by 15%, supported by increasing demand for secure and efficient payment systems in online shopping.

๐ƒ๐ข๐ ๐ข๐ญ๐š๐ฅ ๐๐š๐ฒ๐ฆ๐ž๐ง๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž

Singapore's digital payment market is flourishing, driven by the government's "Smart Nation" initiative and strong fintech ecosystem. Companies like ๐†๐ซ๐š๐›๐๐š๐ฒ and ๐๐š๐ฒ๐๐จ๐ฐ are enhancing the adoption of cashless payments. In 2023, Singapore's market grew by 14%, reflecting the rising popularity of e-wallets and real-time payment platforms.

๐ƒ๐ข๐ ๐ข๐ญ๐š๐ฅ ๐๐š๐ฒ๐ฆ๐ž๐ง๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐ญ๐ก๐ž ๐”๐’

The US remains a leader in the digital payment market, accounting for a significant share of global revenue in 2023. Companies like ๐๐š๐ฒ๐๐š๐ฅ, ๐’๐ช๐ฎ๐š๐ซ๐ž, and ๐’๐ญ๐ซ๐ข๐ฉ๐ž are driving innovation with new features such as buy-now-pay-later (BNPL) and cryptocurrency integration. The market's growth is further fueled by increasing consumer reliance on digital platforms for everyday transactions.

๐ƒ๐ข๐ ๐ข๐ญ๐š๐ฅ ๐๐š๐ฒ๐ฆ๐ž๐ง๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž

Europe's digital payment market is thriving, with countries like Germany, the UK, and France leading in contactless and mobile payment adoption. Companies such as ๐€๐๐ฒ๐ž๐ง and ๐–๐จ๐ซ๐ฅ๐๐ฅ๐ข๐ง๐ž are pioneering solutions to streamline cross-border transactions. In 2023, the market grew by 12%, supported by regulatory initiatives such as PSD2, which promote innovation and security in digital payments.

๐†๐ž๐ญ ๐š ๐œ๐ฅ๐จ๐ฌ๐ž๐ซ ๐ฅ๐จ๐จ๐ค ๐š๐ญ ๐ญ๐ก๐ž ๐ ๐š๐ฆ๐ž-๐œ๐ก๐š๐ง๐ ๐ข๐ง๐  ๐ฉ๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ฌ๐ฎ๐œ๐œ๐ž๐ฌ๐ฌ :https://www.maximizemarketresearch.com/request-sample/16835/

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

๐›๐ฒ ๐‚๐จ๐ฆ๐ฉ๐จ๐ง๐ž๐ง๐ญ

Solution
Service

๐›๐ฒ ๐ƒ๐ž๐ฉ๐ฅ๐จ๐ฒ๐ฆ๐ž๐ง๐ญ

Cloud
On-premise

The market was dominated by the on-premise category in 2023, which generated over 65.0% of worldwide revenue. On-premises digital payment solutions allow companies total control over their systems and applications, which their IT staff can readily manage. On-premise digital payment solutions are also used by businesses to defend their systems and applications against dangerous attacks. For instance, in November 2019, Microsoft announced a collaboration with ACI Global. Benefits of the partnership for ACI World Wide's on-premises clients included increased security and decreased long-term capital expenditure.

๐›๐ฒ ๐•๐ž๐ซ๐ญ๐ข๐œ๐š๐ฅ

BFSI
Media & Entertainment
IT & Telecommunication
Hospitality
Healthcare

With over 23.1 percent of global sales in 2023, the BFSI sector led the market. Increased remittances to low- and middle-income countries are anticipated to be one of the main drivers of new market growth opportunities over the projected period. Additionally, banks are improving their ability to compete with companies like Google, Amazon, and Facebook that offer digital payment solutions. To make things easier for its customers, Bank of America, for instance, introduced a digital debit card in June 2019.

๐†๐ž๐ญ ๐š ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐š๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:https://www.maximizemarketresearch.com/market-report/digital-payment-market/16835/

๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

๐๐จ๐ซ๐ญ๐ก ๐€๐ฆ๐ž๐ซ๐ข๐œ๐š:
1. Total System Services, Inc.
2. PayPal Holdings Inc
3. ACI Worldwide Inc
4. Dwolla
5. FattMerchant
6. FIS and Fiserv
7. Intuit
8. JPMorgan Chase
9. Square
10. Stripe
11. Visa and Mastercard

๐„๐ฎ๐ซ๐จ๐ฉ๐ž:
1. Wirecard AG.
2. Novetti Group Limited
3. Adyen N.V.
4. Aurus
5. Worldline
6. Checkout

๐€๐ฌ๐ข๐š ๐๐š๐œ๐ข๐Ÿ๐ข๐œ:
1. Lianta Payments
2. Alipay
3. PayU

๐†๐ฅ๐จ๐›๐š๐ฅ:
1. Apple Pay
2. Paysafe
3. PayTrace
4. Spreedly
5. WEX

๐‚๐ก๐ž๐œ๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐ญ๐ซ๐ž๐ง๐๐ข๐ง๐  ๐ฌ๐ญ๐ฎ๐๐ข๐ž๐ฌ ๐ญ๐จ ๐ฎ๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฌ๐ก๐ข๐Ÿ๐ญ๐ฌ :

โ™ฆ Thin Boiling Starch Market https://www.maximizemarketresearch.com/market-report/thin-boiling-starch-market/147120/

โ™ฆ Wireless Keyboard Market https://www.maximizemarketresearch.com/market-report/global-wireless-keyboard-market/3701/

โ™ฆ Global Cesium Market https://www.maximizemarketresearch.com/market-report/global-cesium-market/89395/

โ™ฆ Industrial Palletizing Robots Market https://www.maximizemarketresearch.com/market-report/industrial-palletizing-robots-market/77409/

โ™ฆ Operational Technology Market https://www.maximizemarketresearch.com/market-report/operational-technology-market/171620/

โ™ฆ Global Fall Detection System Market https://www.maximizemarketresearch.com/market-report/global-fall-detection-system-market/25573/

โ™ฆ Global Conductive Inks Market https://www.maximizemarketresearch.com/market-report/global-conductive-inks-market/33202/

โ™ฆ Enterprise Risk Management Market https://www.maximizemarketresearch.com/market-report/global-enterprise-risk-management-market/39991/

โ™ฆ Global Soy Milk Market https://www.maximizemarketresearch.com/market-report/global-soy-milk-market/77593/

โ™ฆ Ductless HVAC System Market https://www.maximizemarketresearch.com/market-report/global-ductless-hvac-system-market/28305/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ:

MAXIMIZE MARKET RESEARCH PVT. LTD.
3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
+91 9607365656
sales@maximizemarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

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 Digital Payment Market to Reach USD 244.86 Billion by 2030, Growing at a 14.89% CAGR here

News-ID: 3819315 • Views: โ€ฆ

More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD.

Clinical Trials Market Set to Reach USD 88.26 Billion by 2032 with a 6.13% CAGR - Clinical Trials Market Forecast Insights
Clinical Trials Market Set to Reach USD 88.26 Billion by 2032 with a 6.13% CAGR โ€ฆ
According to a new report by Maximize Market Research, the global Clinical Trials Market was valued at USD 54.83 billion in 2024 and is projected to reach USD 88.26 billion by 2032, growing at a CAGR of 6.13%. A major surge in biopharmaceutical R&D and oncology-focused studies is driving the global clinical trials market toward nearly USD 88.26 billion by 2032 at a 6.13% CAGR. โ–บ Get a sample of theโ€ฆ
Turbo Trainer Market to Reach USD 421.03 Million by 2032, Growing at a CAGR of 5.16% Driven
Turbo Trainer Market to Reach USD 421.03 Million by 2032, Growing at a CAGR of 5 โ€ฆ
Turbo Trainer Market size was valued at USD 281.52 Mn. in 2024 and the total Turbo Trainer revenue is expected to grow at 5.16% through 2025 to 2032, reaching nearly USD 421.03 Mn. Turbo Trainer Market Overview: The Turbo Trainer Market is witnessing significant growth as fitness enthusiasts increasingly adopt indoor cycling equipment for year-round training. Turbo trainers, which allow users to convert regular bicycles into stationary exercise machines, have become essentialโ€ฆ
Sodium Acetate Market to Reach USD 354.24 Million by 2032, Growing at a CAGR of 7% Driven
Sodium Acetate Market to Reach USD 354.24 Million by 2032, Growing at a CAGR of โ€ฆ
Sodium Acetate Market size was valued at USD 206.17 Million in 2024, and the total revenue is expected to grow at CAGR of 7 % from 2025 to 2032, reaching nearly USD 354.24 Million. Sodium Acetate Market Overview: The Sodium Acetate Market is experiencing steady growth due to its widespread applications across industries such as food and beverage, pharmaceuticals, textiles, and chemical manufacturing. Sodium acetate, a versatile salt of acetic acid, isโ€ฆ
India Tire Market to Reach USD 27.6 Billion by 2033 at 7.6 % CAGR -
India Tire Market to Reach USD 27.6 Billion by 2033 at 7.6 % CAGR - "India Tire โ€ฆ
According to a new report by Maximize Market Research, the India tire market was valued at approximately USD 13.4 billion in 2024 and is expected to climb to USD 27.6 billion by 2033, representing a compound annual growth rate (CAGR) of about 7.6 %. The growth is underpinned by increasing automotive production, growing replacement demand, and rising adoption of radial tyres. โ–บ Get a sample of the report:https://www.maximizemarketresearch.com/request-sample/21022/ โ™ฆ Key Highlights Market sizeโ€ฆ

All 5 Releases


More Releases for Pay

Proximity Payment Market is Going to Boom | Major Giants Apple Pay, Google Pay, โ€ฆ
HTF MI just released the Global Proximity Payment Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2032. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach. ๐Œ๐š๐ฃ๐จ๐ซ Giants in Proximity Payment Market are: Apple Pay, Google Pay, Samsungโ€ฆ
Mobile Wallet (NFC, Digital Wallet) Market to Witness Stunning Growth | Apple Pa โ€ฆ
HTF MI recently introduced Global Mobile Wallet (NFC, Digital Wallet) Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2024-2032). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence. Some key players from the complete study are Apple Pay, Google Pay, Samsung Pay, PayPal, Alipay, WeChat Pay,โ€ฆ
Unified Payments Interface (UPI) Market Is Booming Worldwide | Google Pay, Amazo โ€ฆ
The latest study released on the Global Unified Payments Interface (UPI) Market by AMA Research evaluates market size, trend, and forecast to 2028. The Unified Payments Interface (UPI) market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and aboutโ€ฆ
Unified Payments Interface (UPI) Market May See a Big Move | Major Giants Samsun โ€ฆ
The latest study released on the Global Unified Payments Interface (UPI) Market by AMA Research evaluates market size, trend, and forecast to 2027. The Unified Payments Interface (UPI) market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and aboutโ€ฆ
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 @ https://www.htfmarketreport.com/sample-report/3587660-samsung-pay-competitor-profile Summary Samsungโ€ฆ
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. Someโ€ฆ