Global Digital Payments Market to Surpass USD 154.36 Billion by 2025, Driven by FinTech Innovation and Contactless Adoption

The Global Digital Payment Market is undergoing a seismic shift, projected to reach a staggering USD 154.36 billion in market value by 2025, according to a comprehensive new study by Makreo Research. Driven by the irreversible convergence of FinTech innovation, surging contactless payment adoption, and unprecedented e-commerce expansion, the sector's total transaction value is set to surpass USD 8.5 trillion. This transformation is characterized by rapid real-time payment growth, cross-border solution advancements, and deep penetration into emerging economies, fundamentally reshaping how the world transacts.

For more details, request the Sample Report from here:
https://www.makreo.com/report/global-digital-payment-market-size-share-trends-and-forecast-2019-2030

E-Commerce: The Unstoppable Engine of Digital Payment Adoption -
The relentless rise of online shopping is the primary force propelling digital payment integration globally, creating massive opportunities across the financial ecosystem:
• Global e-commerce sales hit USD 6.8 trillion in 2024, forecast to grow at an 8% CAGR through 2030, adding USD 4 trillion in value.

• Digital payments are projected to capture 79% of global e-commerce value (USD 8.6 trillion) by 2030.

• E-commerce now represents 15% of person-to-business (P2B) payment value, expected to rise to 19% by 2030.

• In-person retail is digitizing rapidly, with 53% of its USD 25 trillion value predicted to be processed via mobile devices by 2030.

This growth trajectory underscores increasing demand for fast, secure, and seamless digital payment solutions worldwide.

Digital Payments Market Outlook: Resilient Growth Ahead -
From 2019 to 2024, the digital payment market demonstrated a formidable compound annual growth rate (CAGR) of 15.27%, fueled by expanding internet access, accelerated FinTech adoption, and the global pivot toward cashless transactions.

As the industry matures, projections for the 2025-2030 period indicate a shift toward more resilient and sustainable growth, with the market expected to register a CAGR of 16.14%. This forward trajectory highlights the sector's ability to navigate cybersecurity challenges and regulatory complexities while harnessing transformative forces such as embedded finance, real-time payment infrastructures, and the widespread adoption of mobile wallets.

Mobile Money's Role in Financial Inclusion and Global GDP Growth -
Mobile money is no longer just a payment tool, it's a significant economic driver, particularly in emerging markets:
• A 10-percentage-point increase in mobile money usage (2013-2023) correlated with a 0.6%-1.0% rise in GDP in key markets.
• Mobile money contributed an estimated USD 720 billion to global GDP in 2023, representing a 1.7% overall GDP uplift in operational countries.
• Year-over-Year Growth: Contributions surged nearly 12%, rising from USD 650 billion (2022) to USD 720 billion (2023).
• Sub-Saharan Africa Leads: Regional contributions jumped from USD 150 billion (2022) to USD 190 billion (2023), showcasing its transformative impact.

Brazil's Pix Transforms Payment Landscape, Driving Financial Inclusion -
The emergence of national payment systems has reshaped global payment ecosystems, exemplified by Brazil's Pix, launched in November 2020. Supported by the Central Bank, Pix has driven financial inclusion by providing a uniform user experience and maintaining low transaction costs for merchants.

Pix adoption has reached 75% of Brazil's population, resulting in a 50% reduction in cash usage for point-of-sale (POS) transactions. Additionally, Pix has surpassed card payments in online transaction values, with POS card usage projected to be overtaken by Pix by 2025, marking a significant shift in Brazil's payment landscape.

Global Recent Developments in Instant Payment Systems -
• Europe: In 2024, Wero, a pan-European digital wallet launched by the European Payments Initiative (EPI), aims to reduce dependence on U.S.-based wallets and card networks by uniting banks and payment providers across Europe.
• United States: FedNow, introduced by the U.S. Federal Reserve Banks in 2023, is gaining traction among financial institutions, though consumer-to-business adoption remains modest.

Bank-to-Mobile Transfers Outpace Cash Transactions -
• In 2024, transfers between bank accounts and mobile money wallets expanded faster than traditional cash-ins and cash-outs.
Bank-to-mobile (B2M) transfers led interoperable transaction types, reaching nearly USD 100 billion.
• The Banking, Financial Services, and Insurance (BFSI) sector dominates the global digital payment market with a 27.5% share, propelled by mobile banking, real-time payments, and regulations such as PSD2

Technological Innovations Reshaping the Digital Payments Market -
The transformation of the Global Digital Payment Market is being fueled by major advancements in fintech infrastructure, AI-driven fraud prevention, and cross-border payment technologies.
• Stripe has enhanced digital infrastructure by expanding operations into Africa and the Middle East, integrating with local payment networks to boost transactional efficiency.

• Visa's Advanced Authorization system leverages AI to assess over 500 risk variables in under a second, delivering real-time fraud detection capabilities.

• RippleNet, powered by blockchain technology, enables instantaneous and cost-efficient international transfers.

• Additional breakthroughs include tokenized payments and central bank digital currencies such as China's Digital Yuan (e-CNY), reshaping user experiences and reducing transaction costs.

Key Innovations in the Global Digital Payment Market -
• Civic provides a secure e-KYC platform that simplifies digital identity verification.
• MyBank enhances loan underwriting using financial data via Alipay.
• Apple opened its NFC capabilities in 2025 to third-party applications, expanding tap-to-pay adoption.
• Virtual cards for B2B payments are growing at nearly 40% annually due to fraud protection and real-time control.

Rise of Strategic M&A and Fintech Ecosystem Expansion -
• Visa acquired Pismo in 2024 for USD 1 billion, strengthening next-gen payments infrastructure.
• Stripe expanded through alliances with major platforms in Asia and Latin America.
• In 2023, Rapyd acquired PayU's Global Payments Organization for USD 610 million, boosting its Latin America and CEE presence.

Comprehensive Analysis of the Global Digital Payment Market -
Makreo Research's latest report, "Global Digital Payment Market Analysis and Forecast to 2030", delivers an in-depth evaluation of the global digital payments ecosystem. The study examines how digital transformation, evolving consumer behavior, and rapid technological innovation are redefining financial transactions worldwide.

To know more, place a request for a sample report:
https://www.makreo.com/report/global-digital-payment-market-size-share-trends-and-forecast-2019-2030

By combining historical insights, current market dynamics, and future projections, the report presents a strategic view of the digital payment market's trajectory.

Market Segmentation:
By Component
By Deployment Model
By Organization Size
By Verticals
By Regions

Regions Covered:
North America: United States, Canada
Europe: Germany, United Kingdom, France, Italy, Spain
Asia-Pacific: China, India, Japan, Australia, South Korea
Latin America: Mexico, Brazil, Argentina
Middle East & Africa: UAE, Saudi Arabia, South Africa, Nigeria

List of Company Profiles:
Visa Inc.
Apple Pay
PayPal Holdings
Razor Pay
Paytm

There are 15 players covered in this report, to know more click here:
https://www.makreo.com/report/global-digital-payments-market-competition-assessment-report-2025

Company Profiles Feature:
The report includes strategic profiles of key market players with insights on:
Global transaction volumes and coverage
Real-time and cross-border payment capabilities
Platform innovations and market strategies
Key financial and performance highlights

Key Takeaways:
Beyond volume and adoption metrics, this study covers:
Embedded finance emergence
Digital wallet proliferation
Regulatory evolution
Emerging tech integration in payments

The report is a strategic resource for stakeholders navigating the digital-first payments landscape and identifying high-growth opportunities in the global digital payment market.

Related Reports:
North America Digital Payment Market Analysis and Forecast to 2030
https://www.makreo.com/report/north-america-digital-payment-market-analysis-and-forecast-to-2030

Europe Digital Payment Market Analysis and Forecast to 2030
https://www.makreo.com/report/europe-digital-payment-market-analysis-and-forecast-to-2030

Makreo Research delivers actionable insights into the Global Digital Payment Market, offering in-depth analysis across components, deployment models, industry verticals, and regions. Our customized studies move beyond surface-level metrics to uncover critical market trends including transaction value forecasts, mobile wallet adoption, regulatory shifts, and real-time payment infrastructure developments.

Whether your focus is understanding regional market dynamics in Asia-Pacific, evaluating cross-border payment trends in Europe, or assessing digital wallet penetration in North America, we equip decision-makers with data-backed intelligence to stay ahead in the evolving financial landscape.

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Makreo Research and Consulting is a leading India-based market research and business consulting firm, offering strategic insights and research services across global markets. With active presence in the Middle East (KSA, UAE, Qatar), Southeast Asia (Philippines, Indonesia, Singapore, Vietnam), India, Germany, Canada, USA, and beyond, we support organizations through syndicated research, custom market studies, business surveys, and advisory solutions tailored to real-world needs.

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This release was published on openPR.