Digital Payment Market Size, Share & Trends Analysis Report By Solution(Application Program Interface, Payment Gateway), By Mode Of Payment, By Deployment, By Enterprise Size, By End Use, By Region, And Segment Forecasts, 2025 - 2030

April 2025 | 130 pages | ID: D2C12CE3D758EN
Grand View Research, Inc.

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Digital Payment Market Growth & Trends

The global digital payment market size is anticipated t%li%reach USD 361.30 billion by 2030, expanding at a CAGR of 21.4% from 2025 t%li%2030, according t%li%a new report published by Grand View Research, Inc. The market’s growth can be attributed t%li%the increasing number of non-cash transactions, alongside technological advancements within the fintech sector. Numerous fintech firms and banks are striving t%li%enhance their digital services in order t%li%align with evolving customer demands. For instance, in January 2021, Mog%li%Inc., a financial technology and digital payment company, announced the shareholder's approval for the acquisition of a digital payment company, Carta. This acquisition is expected t%li%help the former company strengthen its market presence.

Biometric authentication in digital payments is expected t%li%gain momentum in the coming years. It is a method used for authentication which involves the verification of biological characteristics related t%li%particular person. The authentications include factors such as facial recognition, fingerprint scanning, heartrate analysis, and vein mapping. According t%li%Payments Industry Intelligence, biometric authentication solutions are expected t%li%be used t%li%secure USD 2.5 trillion worth of mobile payment transactions by 2024.

The increase in the adoption of innovative technologies, such as assisted checkouts (ACOs) in the retail industry, is expected t%li%push digital payment industry towards growth. In recent days, various companies have been making efforts t%li%deploy assisted checkout systems in retail stores. For instance, in June 2020, Walmart, a popular retail company has recently announced that they were testing their assisted checkout retail stores at multiple locations in Arkansas and Fayetteville. The traditional cashier checkout lanes in these stores were replaced by self-checkout systems.

The COVID-19 pandemic and its impact on public life has favorably propelled the market towards unprecedented growth. The pandemic has led this industry t%li%an increased number of mobile-based payment solutions and online sales, These factors have been recognized as the major driving forces behind increasing demand for digital payment solutions across the globe. According t%li%the study conducted by Accenture, transactions worth $7 trillion are expected t%li%shift from cash t%li%card and digital payments by 2023.

In presence of events which are acting as a catalyst for growth, i.e. collaborative deals between top players, the market is most likely t%li%witness significant growth. For instance, in December 2023, a collaboration between PayPal Holdings Inc. and SAP was unveiled, marking the introduction of an enhanced integration aimed at streamlining digital payments for SAP customers. This partnership entails the development of a digital payments plug-in designed for the PayPal Braintree platform, leveraging the capabilities of the SAP Business Technology Platform (SAP BTP). These initiatives are expected t%li%drive the market’s growth.

Digital Payment Market Report Highlights
      • Payment processing led the market and accounted for 26.7% of the global revenue in 2024. The increasing preference for online shopping across the globe is prompting retailers t%li%adopt payment processing solutions t%li%provide customers with seamless checkout experiences.
  • Point of sales accounted for the largest market revenue share in 2024. Retail stores use point-of-sale systems for processing transactions.
  • The on-premise segment accounted for the largest market revenue share in 2024. The on-premise deployment of digital payment provides organizations with complete control over applications and systems, which can be easily managed by the organization’s IT staff.
      • Large enterprises accounted for the largest revenue share of 58.6 in 2024. Large retail stores increasingly demand digital payment solutions t%li%enable their customers t%li%conduct payments by maintaining social distancing.
    • BFSI end use led the market with a share of 23.2% in 2024. The rising demand for digital remittance for domestic and cross-border transactions is encouraging banks t%li%adopt digital payment solutions.
  • North America dominated the digital payment industry and accounted for a 33.5% share in 2024.
CHAPTER 1. METHODOLOGY AND SCOPE

1.1. Market Segmentation and Scope
1.2. Research Methodology
  1.2.1. Information Procurement
1.3. Information or Data Analysis
1.4. Methodology
1.5. Research Scope and Assumptions
1.6. Market Formulation & Validation
1.7. List of Data Sources

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights

CHAPTER 3. MARKET VARIABLES, TRENDS, AND SCOPE

3.1. Market Introduction/Lineage Outlook
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
  3.3.1. Market Drivers Analysis
  3.3.2. Market Challenge Analysis
  3.3.3. Market Opportunity Analysis
3.4. Digital Payment Market Analysis Tools
  3.4.1. Porter’s Analysis
    3.4.1.1. Bargaining power of the suppliers
    3.4.1.2. Bargaining power of the buyers
    3.4.1.3. Threats of substitution
    3.4.1.4. Threats from new entrants
    3.4.1.5. Competitive rivalry
  3.4.2. PESTEL Analysis
    3.4.2.1. Political landscape
    3.4.2.2. Economic and Social landscape
    3.4.2.3. Technological landscape
    3.4.2.4. Environmental landscape
    3.4.2.5. Legal landscape

CHAPTER 4. DIGITAL PAYMENT MARKET: SOLUTION ESTIMATES & TREND ANALYSIS

4.1. Segment Dashboard
4.2. Digital Payment Market: Solution Movement Analysis, USD Billion, 2023 & 2030
4.3. Application Program Interface
  4.3.1. Application Program Interface Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
4.4. Payment Gateway
  4.4.1. Payment Gateway Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
4.5. Payment Processing
  4.5.1. Payment Processing Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
4.6. Payment Security & Fraud Management
  4.6.1. Payment Security & Fraud Management Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
4.7. Transaction Risk Management
  4.7.1. Transaction Risk Management Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
4.8. Others
  4.8.1. Others Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)

CHAPTER 5. DIGITAL PAYMENT MARKET: MODE OF PAYMENT ESTIMATES & TREND ANALYSIS

5.1. Segment Dashboard
5.2. Digital Payment Market: Mode of Payment Movement Analysis, USD Billion, 2023 & 2030
5.3. Bank Cards
  5.3.1. Bank Cards Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
5.4. Digital Currencies
  5.4.1. Digital Currencies Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
5.5. Digital Wallets
  5.5.1. Digital Wallets Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
5.6. Net Banking
  5.6.1. Net Banking Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
5.7. Point of Sales
  5.7.1. Point of Sales Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
5.8. Others
  5.8.1. Others Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)

CHAPTER 6. DIGITAL PAYMENT MARKET: DEPLOYMENT ESTIMATES & TREND ANALYSIS

6.1. Segment Dashboard
6.2. Digital Payment Market: Deployment Movement Analysis, USD Billion, 2023 & 2030
6.3. Cloud
  6.3.1. Cloud Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
6.4. On-premise
  6.4.1. On-premise Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)

CHAPTER 7. DIGITAL PAYMENT MARKET: ENTERPRISE SIZE ESTIMATES & TREND ANALYSIS

7.1. Segment Dashboard
7.2. Digital Payment Market: Enterprise Size Movement Analysis, USD Billion, 2023 & 2030
7.3. Large Enterprises
  7.3.1. Large Enterprises Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
7.4. Small & Medium Enterprises
  7.4.1. Small & Medium Enterprises Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)

CHAPTER 8. DIGITAL PAYMENT MARKET: END USE ESTIMATES & TREND ANALYSIS

8.1. Segment Dashboard
8.2. Digital Payment Market: End Use Movement Analysis, USD Billion, 2023 & 2030
8.3. BFSI
  8.3.1. BFSI Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
8.4. Healthcare
  8.4.1. Healthcare Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
8.5. IT & Telecom
  8.5.1. IT & Telecom Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
8.6. Media & Entertainment
  8.6.1. Media & Entertainment Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
8.7. Retail & E-commerce
  8.7.1. Retail & E-commerce Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
8.8. Transportation
  8.8.1. Transportation Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
8.9. Others
  8.9.1. Others Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)

CHAPTER 9. DIGITAL PAYMENT MARKET: REGIONAL ESTIMATES & TREND ANALYSIS

9.1. Digital Payment Market Share, By Region, 2023 & 2030, USD Billion
9.2. North America
  9.2.1. North America Digital Payment Market Estimates & Forecasts, 2017 - 2030 (USD Billion)
  9.2.2. U.S.
    9.2.2.1. U.S. Digital Payment Market Estimates & Forecasts, 2017 - 2030 (USD Billion)
  9.2.3. Canada
    9.2.3.1. Canada Digital Payment Market Estimates & Forecasts, 2017 - 2030 (USD Billion)
  9.2.4. Mexico
    9.2.4.1. Mexico Digital Payment Market Estimates & Forecasts, 2017 - 2030 (USD Billion)
9.3. Europe
  9.3.1. Europe Digital Payment Market Estimates & Forecasts, 2017 - 2030 (USD Billion)
  9.3.2. UK
    9.3.2.1. UK Digital Payment Market Estimates & Forecasts, 2017 - 2030 (USD Billion)
  9.3.3. Germany
    9.3.3.1. Germany Digital Payment Market Estimates & Forecasts, 2017 - 2030 (USD Billion)
  9.3.4. France
    9.3.4.1. France Digital Payment Market Estimates & Forecasts, 2017 - 2030 (USD Billion)
9.4. Asia Pacific
  9.4.1. Asia Pacific Digital Payment Market Estimates & Forecasts, 2017 - 2030 (USD Billion)
  9.4.2. China
    9.4.2.1. China Digital Payment Market Estimates & Forecasts, 2017 - 2030 (USD Billion)
  9.4.3. India
    9.4.3.1. India Digital Payment Market Estimates & Forecasts, 2017 - 2030 (USD Billion)
  9.4.4. Japan
    9.4.4.1. Japan Digital Payment Market Estimates & Forecasts, 2017 - 2030 (USD Billion)
  9.4.5. South Korea
    9.4.5.1. South Korea Digital Payment Market Estimates & Forecasts, 2017 - 2030 (USD Billion)
  9.4.6. Australia
    9.4.6.1. Australia Digital Payment Market Estimates & Forecasts, 2017 - 2030 (USD Billion)
9.5. Latin America
  9.5.1. Latin America Digital Payment Market Estimates & Forecasts, 2017 - 2030 (USD Billion)
  9.5.2. Brazil
    9.5.2.1. Brazil Digital Payment Market Estimates & Forecasts, 2017 - 2030 (USD Billion)
9.6. Middle East & Africa
  9.6.1. Middle East & Africa Digital Payment Market Estimates & Forecasts, 2017 - 2030 (USD Billion)
  9.6.2. Kingdom Of Saudi Arabia (KSA)
    9.6.2.1. Kingdom Of Saudi Arabia (KSA) Digital Payment Market Estimates & Forecasts, 2017 - 2030 (USD Billion)
  9.6.3. UAE
    9.6.3.1. UAE Digital Payment Market Estimates & Forecasts, 2017 - 2030 (USD Billion)
  9.6.4. South Arica
    9.6.4.1. South Africa Digital Payment Market Estimates & Forecasts, 2017 - 2030 (USD Billion)

CHAPTER 10. COMPETITIVE LANDSCAPE

10.1. Recent Developments & Impact Analysis by Key Market Participants
10.2. Company Categorization
10.3. Company Market Positioning
10.4. Company Market Share Analysis
10.5. Company Heat Map Analysis
10.6. Strategy Mapping
  10.6.1. Expansion
  10.6.2. Mergers & Acquisition
  10.6.3. Partnerships & Collaborations
  10.6.4. New Product Launches
  10.6.5. Research And Development
10.7. Company Profiles
  10.7.1. Aliant Payments
    10.7.1.1. Participant’s Overview
    10.7.1.2. Financial Performance
    10.7.1.3. Product Benchmarking
    10.7.1.4. Recent Developments
  10.7.2. Aurus Inc.
    10.7.2.1. Participant’s Overview
    10.7.2.2. Financial Performance
    10.7.2.3. Product Benchmarking
    10.7.2.4. Recent Developments
  10.7.3. Adyen
    10.7.3.1. Participant’s Overview
    10.7.3.2. Financial Performance
    10.7.3.3. Product Benchmarking
    10.7.3.4. Recent Developments
  10.7.4. Financial Software & Systems Pvt. Ltd.
    10.7.4.1. Participant’s Overview
    10.7.4.2. Financial Performance
    10.7.4.3. Product Benchmarking
    10.7.4.4. Recent Developments
  10.7.5. PayPal Holdings Inc.
    10.7.5.1. Participant’s Overview
    10.7.5.2. Financial Performance
    10.7.5.3. Product Benchmarking
    10.7.5.4. Recent Developments
  10.7.6. Novatti Group Pty Ltd.
    10.7.6.1. Participant’s Overview
    10.7.6.2. Financial Performance
    10.7.6.3. Product Benchmarking
    10.7.6.4. Recent Developments
  10.7.7. ACI Worldwide, Inc.
    10.7.7.1. Participant’s Overview
    10.7.7.2. Financial Performance
    10.7.7.3. Product Benchmarking
    10.7.7.4. Recent Developments
  10.7.8. Global Payments Inc.
    10.7.8.1. Participant’s Overview
    10.7.8.2. Financial Performance
    10.7.8.3. Product Benchmarking
    10.7.8.4. Recent Developments
  10.7.9. Wirecard
    10.7.9.1. Participant’s Overview
    10.7.9.2. Financial Performance
    10.7.9.3. Product Benchmarking
    10.7.9.4. Recent Developments
  10.7.10. Authorize.Net
    10.7.10.1. Participant’s Overview
    10.7.10.2. Financial Performance
    10.7.10.3. Product Benchmarking
    10.7.10.4. Recent Developments


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