Global Digital Payment Volumes Gain Traction, according to In-demand Stellar Analytics Report Available at MarketPublishers.com01 Jun 2017 • by Natalie Aster
LONDON – Global digital payment volumes will likely keep on gaining traction over the next few years.
The growth in digital payment transactions is largely being driven by robust economic growth in major developing nations, advanced security measures like biometrics and EMV, and government incentives meant to encourage e-payments in developing markets, as the cost of cash continues gaining momentum. Nevertheless, this growth comes as banks are facing a hike in demand for secure, seamless digital transaction services, especially from corporate clients, spurring transaction banks to increase investment and cooperation amid banks and/or with financial technology firms to reduce time-to-market in delivering differentiating experiences of digital transactions.
Growth in digital payments occurred across all regions, with developing markets experiencing the highest rates. China surpassed the UK and South Korea in digital transactions by volume, being only behind the USA, Eurozone and Brazil.
Cards have been fastest growing digital payments instrument since 2010, whilst the usage of checks keeps on declining. Immediate payments hold the potential to boost growth in digital transactions as an alternative to checks and cash.
In-demand research study “Digital Payments - Global” elaborated by Stellar Analytics examines the industry alongside providing a financial analysis of the key players.
The report offers an all-round analysis of the industry structure; provides global performance comparison; presents an industry analysis of strategic investments; gives detailed insights into the regulatory scenario and market support worldwide. The study reviews the various forces reshaping payments, includes a detailed SWOT analysis of the marketplace, offers an all-round overview of the market growth drivers and barriers, detailed industry surveys, sheds light on the demonetisation in India and the 3 prolonged strategy (3PS). The research casts light on the future prospects and payment innovations of the worldwide digital payments industry.
To find other in-demand research reports elaborated by Stellar Analytics, kindly follow to this page.