Digital Payment Industry Expected to Grow at 14.89% CAGR Through 2030

𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

The global digital payment market was valued at USD 92.67 Billion in 2023 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. Key drivers include growing e-commerce activity, government initiatives promoting cashless economies, and advancements in technologies such as blockchain and AI.

𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐕𝐢𝐞𝐭𝐧𝐚𝐦

Vietnam's digital payment market is expanding rapidly due to government-backed initiatives to promote financial inclusion and reduce cash usage. Companies like 𝐌𝐨𝐌𝐨 and 𝐙𝐚𝐥𝐨𝐏𝐚𝐲 are leading the charge with innovative mobile payment solutions. The rise of e-wallets and QR code payments in urban areas is a major growth driver.

𝐂𝐮𝐫𝐢𝐨𝐮𝐬 𝐭𝐨 𝐩𝐞𝐞𝐤 𝐢𝐧𝐬𝐢𝐝𝐞? 𝐆𝐫𝐚𝐛 𝐲𝐨𝐮𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐧𝐨𝐰:https://www.maximizemarketresearch.com/request-sample/16835/

𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝

Thailand's digital payment ecosystem is thriving with the adoption of government-supported systems like PromptPay. Companies such as 𝐒𝐂𝐁 (𝐒𝐢𝐚𝐦 𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐁𝐚𝐧𝐤) are enhancing their offerings with integrated digital wallets and seamless cross-border payment solutions. Thailand's growing e-commerce market further boosts demand.

𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐉𝐚𝐩𝐚𝐧

Japan's digital payment market is driven by its focus on modernizing payment infrastructure ahead of global events and increasing tourism. Companies like 𝐏𝐚𝐲𝐏𝐚𝐲 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧 have gained significant traction through aggressive marketing campaigns and collaborations with retailers. The integration of NFC-based payments and loyalty programs enhances consumer adoption.

𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐂𝐡𝐢𝐧𝐚

China leads the global digital payment market, with giants like 𝐀𝐥𝐢𝐩𝐚𝐲 𝐚𝐧𝐝 𝐖𝐞𝐂𝐡𝐚𝐭 𝐏𝐚𝐲 dominating the landscape. The market is characterized by high adoption rates, even in rural areas, thanks to user-friendly platforms and extensive merchant partnerships. Consolidation through strategic partnerships and acquisitions is a key trend.

𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚

South Korea's digital payment market is flourishing due to its tech-savvy population and advanced IT infrastructure. Companies like 𝐊𝐚𝐤𝐚𝐨 𝐏𝐚𝐲 and 𝐒𝐚𝐦𝐬𝐮𝐧𝐠 𝐏𝐚𝐲 are driving innovation with features like biometric authentication and blockchain integration. The government's focus on digital transformation supports further growth.

𝐄𝐱𝐜𝐢𝐭𝐞𝐝 𝐭𝐨 𝐝𝐢𝐯𝐞 𝐢𝐧? 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐲𝐨𝐮𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐭𝐨 𝐮𝐧𝐜𝐨𝐯𝐞𝐫 𝐢𝐭𝐬 𝐜𝐨𝐧𝐭𝐞𝐧𝐭𝐬:https://www.maximizemarketresearch.com/request-sample/16835/

𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞

Singapore's robust fintech ecosystem and government support for cashless payments create significant opportunities in the digital payment market. Companies like 𝐆𝐫𝐚𝐛𝐏𝐚𝐲 are expanding their offerings to include financial services such as micro-lending and insurance. The increasing adoption of digital wallets in retail and transportation sectors is a notable trend.

𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐒

The US remains a dominant market for digital payments, driven by the proliferation of online shopping and advancements in payment security technologies. Companies like 𝐏𝐚𝐲𝐏𝐚𝐥 and 𝐒𝐪𝐮𝐚𝐫𝐞 are leading innovations in peer-to-peer payments and merchant services. Federal initiatives to promote digital financial inclusion bolster market growth.

𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐔𝐩𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐄𝐮𝐫𝐨𝐩𝐞

Europe's digital payment market is characterized by strong regulatory frameworks such as PSD2, which promote competition and innovation. Companies like 𝐊𝐥𝐚𝐫𝐧𝐚 and 𝐀𝐝𝐲𝐞𝐧 are transforming the market with buy-now-pay-later (BNPL) and seamless omnichannel payment solutions. The rise of contactless payments and open banking supports sustained growth.

𝐆𝐞𝐭 𝐚 𝐜𝐥𝐨𝐬𝐞𝐫 𝐥𝐨𝐨𝐤 𝐚𝐭 𝐭𝐡𝐞 𝐠𝐚𝐦𝐞-𝐜𝐡𝐚𝐧𝐠𝐢𝐧𝐠 𝐩𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐝𝐫𝐢𝐯𝐢𝐧𝐠 𝐬𝐮𝐜𝐜𝐞𝐬𝐬 :https://www.maximizemarketresearch.com/request-sample/16835/

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐛𝐲 𝐂𝐨𝐦𝐩𝐨𝐧𝐞𝐧𝐭

Solution
Service

𝐛𝐲 𝐃𝐞𝐩𝐥𝐨𝐲𝐦𝐞𝐧𝐭

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.

𝐛𝐲 𝐕𝐞𝐫𝐭𝐢𝐜𝐚𝐥

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.

𝐆𝐞𝐭 𝐚 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬:https://www.maximizemarketresearch.com/market-report/digital-payment-market/16835/

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚:
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

𝐄𝐮𝐫𝐨𝐩𝐞:
1. Wirecard AG.
2. Novetti Group Limited
3. Adyen N.V.
4. Aurus
5. Worldline
6. Checkout

𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜:
1. Lianta Payments
2. Alipay
3. PayU

𝐆𝐥𝐨𝐛𝐚𝐥:
1. Apple Pay
2. Paysafe
3. PayTrace
4. Spreedly

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