Digital Payment Market by Offering (Solutions (Payment Processor, Payment Gateway, Payment Wallet, POS Solution), Services (Professional and Managed), Transaction Type (Domestic and Cross Border), Payment Mode, Vertical & Region - Global Forecast to 2028
MarketsandMarkets forecasts that the Digital Payment market size is projected to grow from USD 111.2 billion in 2023 to USD 193.7 billion by 2028, at a CAGR of 11.8% during the forecast period. Major growth factors for the market include an increase in the adoption of real-time payments and ACH transactions. Countries across the world implement ICT technologies to promote digital economies. Governments are taking various initiatives to accelerate the adoption of RTP solutions by digitizing the payment process. The Federal Reserve Bank and National Automated Clearing House Association (NACHA) are working on a roadmap and incentives for accelerating real-time payments in the US. In India, the Government of India (GoI) has launched various initiatives, including Digital India and Immediate Payment Service (IMPS), which act as catalysts for the adoption of real-time payments.
“By Transaction Type, cross-border segment to grow at the highest CAGR during the forecast period.”
The demand for cross-border transactions, involving the exchange of funds or goods across international borders, is on the rise due to factors such as globalization, e-commerce growth, remittances, international investments, tourism, diverse payment methods, financial inclusion initiatives, economic expansion, regulatory changes, and technological advancements. This demand reflects the increasing interconnectedness of the global economy and the need for efficient and secure financial interactions across borders.
“By Vertical, the retail & eCommerce segment is expected to hold the largest market size during the forecast period.”
The retail and eCommerce industry is undergoing a major transformation. Retailers are modernizing their brick-and-mortar stores to provide improved services to their customers and establishing online stores to increase revenue. Digital payment solutions have significantly impacted the retail and e-commerce sectors. They offer a variety of payment methods, including online payments, mobile payments, and digital wallets, making transactions more convenient for customers. These solutions enhance security through encryption and authentication measures, and they support subscription models, cross-border transactions, and data analytics for businesses. Contactless payments have gained popularity, and loyalty programs can be integrated with these solutions to encourage customer retention. Overall, digital payment solutions improve the customer experience and provide valuable insights for businesses in these sectors.
“Asia Pacific is expected to grow with the highest CAGR during the forecast period.”
The APAC region leads in the adoption of digital payment solutions, driven by its high smartphone penetration and internet accessibility. This environment presents an opportunity for digital payment providers to introduce advanced services. The rapid adoption of e-commerce further fuels the use of digital payment solutions. Embracing these solutions has not only facilitated economic opportunities but also promoted financial inclusion in APAC. Consumers in the region prioritize both seamless transactions and robust security in their digital payments. Additionally, the expanding retail market in APAC has encouraged global digital payment providers to concentrate on delivering innovative solutions.
Breakdown of primaries
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the digital payment market.
The breakup of the profiles of the primary participants is given below:
Research coverage:
The market study covers the digital payment market size across different segments. It aims to estimate the market size and the growth potential across different segments by component, deployment type, organization size, vertical, and region. The study further includes an in-depth competitive analysis of the leading market players, along with their company profiles, key observations related to product and business offerings, recent developments, and market strategies.
Key benefits of buying the report:
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the global digital payment market and its subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. Moreover, the report will provide insights for stakeholders to understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Analysis of key drivers (Global initiatives for the promotion of digital payments, High proliferation of smartphones enabling mCommerce growth, Rise of e-commerce and adoption of embedded payments platform, Rise in the adoption of contactless payments, Increase in the adoption of real-time payments and ACH transactions, and Change in consumer payments behavior.), restraints (Lack of global standards for cross-border payments), opportunities (Rapid decline in unbanked population across the globe, Gradual adoption of Open Banking APIs, Progressive changes in regulatory frameworks, Rising Government Initiatives favoring adoption of digital payments, Rise in digital payment start-up and challenger’s banks, and Collaboration between banks and fintech institutions to leverage
Customer experience), and challenges (Evolving cyber attacks on digital payments, Fragmented regional regulatory landscape, and Lack of digital literacy in emerging countries) influencing the growth of the digital payment market.
“By Transaction Type, cross-border segment to grow at the highest CAGR during the forecast period.”
The demand for cross-border transactions, involving the exchange of funds or goods across international borders, is on the rise due to factors such as globalization, e-commerce growth, remittances, international investments, tourism, diverse payment methods, financial inclusion initiatives, economic expansion, regulatory changes, and technological advancements. This demand reflects the increasing interconnectedness of the global economy and the need for efficient and secure financial interactions across borders.
“By Vertical, the retail & eCommerce segment is expected to hold the largest market size during the forecast period.”
The retail and eCommerce industry is undergoing a major transformation. Retailers are modernizing their brick-and-mortar stores to provide improved services to their customers and establishing online stores to increase revenue. Digital payment solutions have significantly impacted the retail and e-commerce sectors. They offer a variety of payment methods, including online payments, mobile payments, and digital wallets, making transactions more convenient for customers. These solutions enhance security through encryption and authentication measures, and they support subscription models, cross-border transactions, and data analytics for businesses. Contactless payments have gained popularity, and loyalty programs can be integrated with these solutions to encourage customer retention. Overall, digital payment solutions improve the customer experience and provide valuable insights for businesses in these sectors.
“Asia Pacific is expected to grow with the highest CAGR during the forecast period.”
The APAC region leads in the adoption of digital payment solutions, driven by its high smartphone penetration and internet accessibility. This environment presents an opportunity for digital payment providers to introduce advanced services. The rapid adoption of e-commerce further fuels the use of digital payment solutions. Embracing these solutions has not only facilitated economic opportunities but also promoted financial inclusion in APAC. Consumers in the region prioritize both seamless transactions and robust security in their digital payments. Additionally, the expanding retail market in APAC has encouraged global digital payment providers to concentrate on delivering innovative solutions.
Breakdown of primaries
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the digital payment market.
The breakup of the profiles of the primary participants is given below:
- By Company: Tier 1 – 30%, Tier 2 – 45%, and Tier 3 – 25%
- By Designation: C-Level – 40%, Directors – 35%, and Others –25%
- By Region: North America – 35%, Europe – 20%, APAC – 35%, and RoW – 10%
Research coverage:
The market study covers the digital payment market size across different segments. It aims to estimate the market size and the growth potential across different segments by component, deployment type, organization size, vertical, and region. The study further includes an in-depth competitive analysis of the leading market players, along with their company profiles, key observations related to product and business offerings, recent developments, and market strategies.
Key benefits of buying the report:
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the global digital payment market and its subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. Moreover, the report will provide insights for stakeholders to understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Analysis of key drivers (Global initiatives for the promotion of digital payments, High proliferation of smartphones enabling mCommerce growth, Rise of e-commerce and adoption of embedded payments platform, Rise in the adoption of contactless payments, Increase in the adoption of real-time payments and ACH transactions, and Change in consumer payments behavior.), restraints (Lack of global standards for cross-border payments), opportunities (Rapid decline in unbanked population across the globe, Gradual adoption of Open Banking APIs, Progressive changes in regulatory frameworks, Rising Government Initiatives favoring adoption of digital payments, Rise in digital payment start-up and challenger’s banks, and Collaboration between banks and fintech institutions to leverage
Customer experience), and challenges (Evolving cyber attacks on digital payments, Fragmented regional regulatory landscape, and Lack of digital literacy in emerging countries) influencing the growth of the digital payment market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the Digital Payment market.
- Market Development: Comprehensive information about lucrative markets – the report analyses the Digital Payment market across varied regions.
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the Digital Payment market.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 REGIONS COVERED
1.4 YEARS CONSIDERED
1.5 CURRENCY CONSIDERED
TABLE 1 USD EXCHANGE RATES, 2020–2022
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
1.8 RECESSION IMPACT
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 1 DIGITAL PAYMENT MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
2.1.2.1 Breakdown of primary interviews
TABLE 2 PRIMARY INTERVIEWS
2.1.2.2 Key industry insights
2.2 DATA TRIANGULATION
FIGURE 2 DATA TRIANGULATION
2.3 MARKET SIZE ESTIMATION
FIGURE 3 APPROACH 1 (SUPPLY-SIDE): REVENUE OF OFFERINGS IN DIGITAL PAYMENT MARKET
FIGURE 4 APPROACH 2 (DEMAND-SIDE): DIGITAL PAYMENT MARKET
2.3.1 BOTTOM-UP APPROACH
FIGURE 5 BOTTOM-UP APPROACH
FIGURE 6 MARKET SIZE ESTIMATION USING BOTTOM-UP APPROACH
2.3.2 TOP-DOWN APPROACH
FIGURE 7 TOP-DOWN APPROACH
2.4 MARKET FORECAST
TABLE 3 FACTOR ANALYSIS
2.5 STUDY ASSUMPTIONS
2.6 LIMITATIONS AND RISK ASSESSMENT
2.7 RECESSION IMPACT ON DIGITAL PAYMENT MARKET
3 EXECUTIVE SUMMARY
FIGURE 8 DIGITAL PAYMENT MARKET, 2023–2028 (USD MILLION)
FIGURE 9 DIGITAL PAYMENT MARKET, BY OFFERING, 2023 VS. 2028 (USD MILLION)
FIGURE 10 DIGITAL PAYMENT MARKET, BY SOLUTION, 2023 VS. 2028 (USD MILLION)
FIGURE 11 DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023 VS. 2028 (USD MILLION)
FIGURE 12 DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2023 VS. 2028 (USD MILLION)
FIGURE 13 DIGITAL PAYMENT MARKET, BY VERTICAL, 2023 VS. 2028 (USD MILLION)
FIGURE 14 DIGITAL PAYMENT MARKET, BY REGION, 2023
4 PREMIUM INSIGHTS
4.1 DIGITAL PAYMENT MARKET OVERVIEW
FIGURE 15 INCREASING USE OF ONLINE PLATFORM TO DRIVE MARKET GROWTH
4.2 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY OFFERING AND VERTICAL (2023)
FIGURE 16 OFFERING SEGMENT EXPECTED TO ACCOUNT FOR LARGER MARKET SIZE IN 2023
4.3 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY OFFERING AND VERTICAL (2023)
FIGURE 17 APAC: SOLUTIONS SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2023
4.4 EUROPE: DIGITAL PAYMENT MARKET, BY OFFERING AND VERTICAL (2023)
FIGURE 18 EUROPE: SOLUTIONS SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2023
4.5 GEOGRAPHICAL SNAPSHOT
FIGURE 19 ASIA PACIFIC TO ACHIEVE HIGHEST GROWTH DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 MARKET OVERVIEW
5.2 MARKET DYNAMICS
FIGURE 20 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Rising initiatives for promotion of digitized payments
TABLE 4 GLOBAL INITIATIVES TO PROMOTE DIGITAL PAYMENTS
5.2.1.2 High proliferation of smartphones enabling mCommerce growth
5.2.1.3 Rise of eCommerce and adoption of embedded payment system
5.2.1.4 High adoption of contactless payments
5.2.1.5 Increasing adoption of real-time payments and ACH transactions
5.2.1.6 Rise in changing consumer payment modes
5.2.2 RESTRAINTS
5.2.2.1 Evolving cyber-attacks on digital payments
5.2.3 OPPORTUNITIES
5.2.3.1 Provision of connectivity and digital literacy in remote areas
5.2.3.2 Increasing adoption of open-banking APIs
5.2.3.3 Rapid use of digital payments
5.2.3.4 Rise in government initiatives favoring adoption of digital payments
5.2.3.5 Rise in digital payment startup and challenger’s banks
5.2.3.6 Advancements in technology with collaboration between banks and fintech institutions
5.2.4 CHALLENGES
5.2.4.1 Lack of global standards for cross-border payments
5.2.4.2 Lack of digital literacy in emerging countries
5.2.4.3 Increased costs due to fragmented regional regulatory landscape
5.2.5 CUMULATIVE GROWTH ANALYSIS
TABLE 5 CUMULATIVE GROWTH ANALYSIS
5.3 REGULATORY LANDSCAPE
5.4 INDUSTRY TRENDS
5.4.1 BEST PRACTICES IN DIGITAL PAYMENT MARKET
5.4.2 VALUE CHAIN ANALYSIS
FIGURE 21 DIGITAL PAYMENT MARKET: VALUE CHAIN ANALYSIS
5.4.3 BRIEF HISTORY OF DIGITAL PAYMENT MARKET
FIGURE 22 BRIEF HISTORY OF DIGITAL PAYMENT
5.4.3.1 2000–2010
5.4.3.2 2010–2020
5.4.3.3 2020–Present
5.4.4 ECOSYSTEM ANALYSIS
FIGURE 23 DIGITAL PAYMENT MARKET: ECOSYSTEM ANALYSIS
TABLE 6 DIGITAL PAYMENT MARKET: ECOSYSTEM ANALYSIS
5.4.5 PATENT ANALYSIS
5.4.5.1 Methodology
5.4.5.2 Document type
TABLE 7 PATENTS FILED, 2020–2023
5.4.5.3 Innovation and patent applications
FIGURE 24 TOTAL NUMBER OF PATENTS GRANTED, 2020–2023
5.4.5.4 Top applicants
FIGURE 25 TOP TEN PATENT APPLICANTS, 2020–2023
5.4.6 CASE STUDIES
5.4.6.1 Case study 1: Tradera implemented customized platform to collect and verify individual information
5.4.6.2 Case study 2: FIS helped Zalando minimize exemptions to deliver fast and secure payment experience while reducing fraud and risk
5.4.6.3 Case study 3: Braintree was opted for as solution by Animoto to handle its recurring payments and subscriptions
5.4.6.4 Case study 4: Stripe worked with MindBody to help studios boost online revenue conversion with virtual classes
5.4.6.5 Case study 5: By integrating Square for in-person, in-app, and online payments, Brushfire created cohesive payments and reporting solutions
5.4.7 INDICATIVE PRICING ANALYSIS, BY PAYMENT METHOD
5.4.7.1 Average selling price of key players
TABLE 8 PRICING ANALYSIS
5.4.7.2 Average selling price trend
5.4.8 IMPACT OF DIGITAL PAYMENT ON ADJACENT TECHNOLOGIES
5.4.9 TECHNOLOGY ANALYSIS
5.4.9.1 Adjacent technologies
5.4.9.1.1 Encryption and tokenization
TABLE 9 TECHNOLOGY ENABLERS IN DIGITAL PAYMENTS
5.4.10 PORTER’S FIVE FORCES ANALYSIS
TABLE 10 PORTER’S FIVE FORCES MODEL
5.4.10.1 Threat of new entrants
5.4.10.2 Threat of substitutes
5.4.10.3 Bargaining power of buyers
5.4.10.4 Bargaining power of suppliers
5.4.10.5 Intensity of competitive rivalry
5.4.11 TRENDS/DISRUPTIONS IMPACTING BUYERS/CUSTOMERS
FIGURE 26 TRENDS/DISRUPTIONS IMPACTING BUYERS/CUSTOMERS
5.4.12 KEY CONFERENCES & EVENTS, 2023-24
TABLE 11 DETAILED LIST OF KEY CONFERENCES & EVENTS, 2023-24
5.4.13 KEY STAKEHOLDERS & BUYING CRITERIA
5.4.13.1 Key stakeholders in buying process
FIGURE 27 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES
TABLE 12 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES (%)
5.4.13.2 Buying criteria
FIGURE 28 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES
TABLE 13 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES
5.4.14 FUTURE DIRECTION OF DIGITAL PAYMENT MARKET
5.4.14.1 Digital payment market roadmap till 2030
5.4.14.2 Short-term roadmap (2023–2025)
5.4.14.3 Mid-term roadmap (2026–2028)
5.4.14.4 Long-term roadmap (2029–2030)
5.4.15 HS CODE
TABLE 14 HS CODES, BY PAYMENT METHOD (IMPORT)
TABLE 15 HS CODES, BY PAYMENT METHOD (EXPORT)
6 DIGITAL PAYMENT MARKET, BY OFFERING
6.1 INTRODUCTION
6.1.1 OFFERING: DIGITAL PAYMENT MARKET DRIVERS
FIGURE 29 SERVICES SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
TABLE 16 DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)
TABLE 17 DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)
6.2 SOLUTIONS
FIGURE 30 PAYMENT WALLET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 18 DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
TABLE 19 DIGITAL PAYMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
6.2.1 PAYMENT GATEWAYS
6.2.1.1 Strong support in processing customer payment credentials and authorizing their payments to drive growth
TABLE 20 PAYMENT GATEWAYS: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 21 PAYMENT GATEWAYS: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
6.2.2 PAYMENT PROCESSORS
6.2.2.1 Increasing demand for transactions through various modes to boost growth
TABLE 22 PAYMENT PROCESSORS: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 23 PAYMENT PROCESSORS: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
6.2.3 PAYMENT WALLET
6.2.3.1 Rising demand for secure and convenient payment solutions in various verticals to encourage market expansion
TABLE 24 PAYMENT WALLET: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 25 PAYMENT WALLET: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
6.2.4 POINT-OF-SALE SOLUTIONS
6.2.4.1 Elimination of need for tracking multiple payment systems to boost growth
TABLE 26 POINT-OF-SALE SOLUTIONS: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 27 POINT-OF-SALE SOLUTIONS: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
6.2.5 OTHER SOLUTIONS
TABLE 28 OTHER SOLUTIONS: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 29 OTHER SOLUTIONS: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
6.3 SERVICES
FIGURE 31 MANAGED SERVICES TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
TABLE 30 DIGITAL PAYMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)
TABLE 31 DIGITAL PAYMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)
6.3.1 PROFESSIONAL SERVICES
6.3.1.1 Rising expertise and consulting offerings to optimize payment processes and enhance security to propel growth
FIGURE 32 CONSULTING SERVICES TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD
TABLE 32 DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)
TABLE 33 DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)
6.3.1.2 Consulting
TABLE 34 CONSULTING: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 35 CONSULTING: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
6.3.1.3 Implementation
TABLE 36 IMPLEMENTATION: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 37 IMPLEMENTATION: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
6.3.1.4 Support & Maintenance
TABLE 38 SUPPORT & MAINTENANCE: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 39 SUPPORT & MAINTENANCE: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
6.3.2 MANAGED SERVICES
6.3.2.1 Emergence of hosted payment solutions to contribute to market growth
7 DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE
7.1 INTRODUCTION
7.1.1 TRANSACTION TYPE: DIGITAL PAYMENT MARKET DRIVERS
FIGURE 33 CROSS BORDER SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
TABLE 40 DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018–2022 (USD MILLION)
TABLE 41 DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023–2028 (USD MILLION)
7.2 DOMESTIC
7.2.1 ELIMINATING NEED FOR CURRENCY CONVERSION FOR INTERNATIONAL INTERMEDIARIES TO BOLSTER GROWTH
TABLE 42 DOMESTIC: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 43 DOMESTIC: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
7.3 CROSS BORDER
7.3.1 FACILITATING GLOBAL TRADE FOR FUNDS EXCHANGE TO FOSTER GROWTH
TABLE 44 CROSS BORDER: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 45 CROSS BORDER: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
8 DIGITAL PAYMENT MARKET, BY PAYMENT MODE
8.1 INTRODUCTION
FIGURE 34 DIGITAL WALLET SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 46 DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018–2022 (USD MILLION)
TABLE 47 DIGITAL PAYMENT MARKET, PAYMENT MODE, 2023–2028 (USD MILLION)
8.1.1 PAYMENT MODE: DIGITAL PAYMENT MARKET DRIVERS
8.2 CARDS
8.2.1 GROWING DEMAND FOR CARDS FOR SEAMLESS ONLINE TRANSACTIONS TO DRIVE MARKET
TABLE 48 CARDS: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 49 CARDS: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
8.3 DIGITAL WALLET
8.3.1 FACILITATING CROSS-BORDER TRANSACTIONS AND CURRENCY CONVERSIONS TO SPUR GROWTH
TABLE 50 DIGITAL WALLET: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 51 DIGITAL WALLET: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
8.4 AUTOMATIC CLEARING HOUSE (ACH) TRANSFER
8.4.1 NEED TO MAKE RECURRING DEPOSITS INTO TAXABLE BROKERAGE ACCOUNTS TO FUEL DEMAND
TABLE 52 ACH TRANSFER: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 53 ACH TRANSFER: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
8.5 OTHER PAYMENT MODES
TABLE 54 OTHER PAYMENT MODES: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 55 OTHER PAYMENT MODES: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
9 DIGITAL PAYMENT MARKET, BY VERTICAL
9.1 INTRODUCTION
9.1.1 VERTICALS: DIGITAL PAYMENT MARKET DRIVERS
FIGURE 35 MEDIA & ENTERTAINMENT VERTICAL TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 56 DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
TABLE 57 DIGITAL PAYMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
9.2 BFSI
9.2.1 RISING ADOPTION OF DIGITALIZED TOOLS TO EASE BANKING AND OTHER FINANCIAL PROCESSES TO DRIVE GROWTH
9.2.2 CASE STUDIES
9.2.2.1 Fino Payment Bank adopted FIS payment solution to scale its operations across India
9.2.2.2 Fundraise Up partnered with Stripe to deploy efficient payment optimization tools for better customer checkout experience
9.2.2.3 River City Bank enhanced security against rising cyber threats with help of FIS
TABLE 58 BFSI: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 59 BFSI: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
9.3 RETAIL & ECOMMERCE
9.3.1 GROWING NEED TO SUPPORT ONLINE TRANSACTIONS TO BOOST MARKET
TABLE 60 RETAIL & ECOMMERCE: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 61 RETAIL & ECOMMERCE: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
9.3.2 CASE STUDIES
9.3.2.1 Jilian Produce deployed Zettle terminal to ease its sales interface
9.3.2.2 Walmart Marketplace integrated PayPal's Hyperwallet for payout processing
9.4 HEALTHCARE
9.4.1 ADOPTION OF NEW TECHNOLOGIES TO PROVIDE IMPROVED SERVICES TO PATIENTS TO SPUR GROWTH
TABLE 62 HEALTHCARE: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 63 HEALTHCARE: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
9.4.2 CASE STUDIES
9.4.2.1 Doctolib leveraged Stripe Connect as part of seamless practitioner-onboarding process to reduce doctor payout frequency
9.4.2.2 Lyra Health partnered with Stripe to experience substantial growth in payment transactions
9.5 IT & ITES
9.5.1 RISING TECHNOLOGICAL ADVANCEMENTS TO SUPPORT ADVANCED APIS AND SECURE PAYMENT GATEWAYS TO BOOST MARKET
TABLE 64 IT & ITES: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 65 IT & ITES: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
9.5.2 CASE STUDY
9.5.2.1 Atlassian selected Stripe to create single payment and billing platform for global transactions
9.6 TELECOM
9.6.1 ADOPTION OF DIGITAL SOLUTIONS TO MEET CHANGING DEMANDS OF CUSTOMERS TO PROPEL MARKET
TABLE 66 TELECOM: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 67 TELECOM: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
9.6.2 CASE STUDY
9.6.2.1 PayPal paired with telecom giants to expand its payment processing solutions
9.7 TRAVEL & HOSPITALITY
9.7.1 MOUNTED NFC-ENABLED DEVICES IN RESTAURANTS AND HOTELS TO HELP ENABLE FAST TRANSACTIONS
TABLE 68 TRAVEL & HOSPITALITY: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 69 TRAVEL & HOSPITALITY: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
9.7.2 CASE STUDIES
9.7.2.1 Worldpay provided necessary tools to streamline payment operations and navigate business complexities
9.7.2.2 Aegean Airlines used ACI Worldwide fraud prevention solution to increase efficiency and payment management
9.7.2.3 PayPal and Expedia collaborated to improve customer’s travel experience
9.8 TRANSPORTATION & LOGISTICS
9.8.1 ENCOURAGING COMMUTERS TO INCORPORATE MICRO-MOBILITY SOLUTIONS INTO MULTI-MODAL JOURNEYS TO REDUCE TRAFFIC CONGESTION TO BOLSTER GROWTH
TABLE 70 TRANSPORTATION & LOGISTICS: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 71 TRANSPORTATION & LOGISTICS: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
9.8.2 CASE STUDY
9.8.2.1 Worldpay helped Steer D&G Autocare with latest technology and innovation to modernize and streamline payment processes
9.9 MEDIA & ENTERTAINMENT
9.9.1 HIGH AVAILABILITY OF FEASIBLE MOBILE PAYMENT SOLUTIONS PROVIDED OVER MOBILE DEVICES TO FUEL GROWTH
TABLE 72 MEDIA & ENTERTAINMENT: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 73 MEDIA & ENTERTAINMENT: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
9.9.2 CASE STUDY
9.9.2.1 Radius Media adopted FIS solution for recurring and card-on-file billing
9.10 OTHER VERTICALS
TABLE 74 OTHER VERTICALS: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 75 OTHER VERTICALS: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
10 DIGITAL PAYMENT MARKET, BY REGION
10.1 INTRODUCTION
FIGURE 36 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
TABLE 76 DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 77 DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
10.2 NORTH AMERICA
10.2.1 NORTH AMERICA: DIGITAL PAYMENT MARKET DRIVERS
10.2.2 NORTH AMERICA: RECESSION IMPACT ANALYSIS
FIGURE 37 NORTH AMERICA: MARKET SNAPSHOT
TABLE 78 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)
TABLE 79 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 80 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
TABLE 81 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
TABLE 82 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)
TABLE 83 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)
TABLE 84 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)
TABLE 85 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)
TABLE 86 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018–2022 (USD MILLION)
TABLE 87 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023–2028 (USD MILLION)
TABLE 88 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018–2022 (USD MILLION)
TABLE 89 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY PAYMENT MODE 2023–2028 (USD MILLION)
TABLE 90 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
TABLE 91 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
TABLE 92 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 93 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
10.2.3 US
10.2.3.1 Presence of huge financial institutions to encourage market expansion
TABLE 94 US: DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)
TABLE 95 US: DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 96 US: DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
TABLE 97 US: DIGITAL PAYMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
TABLE 98 US: DIGITAL PAYMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)
TABLE 99 US: DIGITAL PAYMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)
TABLE 100 US: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)
TABLE 101 US: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)
TABLE 102 US: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018–2022 (USD MILLION)
TABLE 103 US: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023–2028 (USD MILLION)
TABLE 104 US: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018–2022 (USD MILLION)
TABLE 105 US: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2023–2028 (USD MILLION)
TABLE 106 US: DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
TABLE 107 US: DIGITAL PAYMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
10.2.4 CANADA
10.2.4.1 Rapid adoption of digitalized platforms such as contactless eCommerce to boost growth
TABLE 108 CANADA: DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)
TABLE 109 CANADA: DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 110 CANADA: DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
TABLE 111 CANADA: DIGITAL PAYMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
TABLE 112 CANADA: DIGITAL PAYMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)
TABLE 113 CANADA: DIGITAL PAYMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)
TABLE 114 CANADA: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)
TABLE 115 CANADA: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)
TABLE 116 CANADA: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018–2022 (USD MILLION)
TABLE 117 CANADA: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023–2028 (USD MILLION)
TABLE 118 CANADA: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018–2022 (USD MILLION)
TABLE 119 CANADA: DIGITAL PAYMENT MARKET, BY PAYMENT MODE 2023–2028 (USD MILLION)
TABLE 120 CANADA: DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
TABLE 121 CANADA: DIGITAL PAYMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
10.3 EUROPE
10.3.1 EUROPE: DIGITAL PAYMENT MARKET DRIVERS
10.3.2 EUROPE: RECESSION IMPACT ANALYSIS
TABLE 122 EUROPE: DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)
TABLE 123 EUROPE: DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 124 EUROPE: DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
TABLE 125 EUROPE: DIGITAL PAYMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
TABLE 126 EUROPE: DIGITAL PAYMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)
TABLE 127 EUROPE: DIGITAL PAYMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)
TABLE 128 EUROPE: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)
TABLE 129 EUROPE: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)
TABLE 130 EUROPE: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018–2022 (USD MILLION)
TABLE 131 EUROPE: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023–2028 (USD MILLION)
TABLE 132 EUROPE: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018–2022 (USD MILLION)
TABLE 133 EUROPE: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2023–2028 (USD MILLION)
TABLE 134 EUROPE: DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
TABLE 135 EUROPE: DIGITAL PAYMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
TABLE 136 EUROPE: DIGITAL PAYMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 137 EUROPE: DIGITAL PAYMENT MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
10.3.3 UK
10.3.3.1 Increased use of cards and popularity of contactless payments to propel growth
TABLE 138 UK: DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)
TABLE 139 UK: DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 140 UK: DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
TABLE 141 UK: DIGITAL PAYMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
TABLE 142 UK: DIGITAL PAYMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)
TABLE 143 UK: DIGITAL PAYMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)
TABLE 144 UK: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)
TABLE 145 UK: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)
TABLE 146 UK: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018–2022 (USD MILLION)
TABLE 147 UK: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023–2028 (USD MILLION)
TABLE 148 UK: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018–2022 (USD MILLION)
TABLE 149 UK: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2023–2028 (USD MILLION)
TABLE 150 UK: DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
TABLE 151 UK: DIGITAL PAYMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
10.3.4 GERMANY
10.3.4.1 Increasing smartphone and internet penetration in fintech sector to fuel growth
TABLE 152 GERMANY: DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)
TABLE 153 GERMANY: DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 154 GERMANY: DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
TABLE 155 GERMANY: DIGITAL PAYMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
TABLE 156 GERMANY: DIGITAL PAYMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)
TABLE 157 GERMANY: DIGITAL PAYMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)
TABLE 158 GERMANY: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)
TABLE 159 GERMANY: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)
TABLE 160 GERMANY: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018–2022 (USD MILLION)
TABLE 161 GERMANY: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023–2028 (USD MILLION)
TABLE 162 GERMANY: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018–2022 (USD MILLION)
TABLE 163 GERMANY: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2023–2028 (USD MILLION)
TABLE 164 GERMANY: DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
TABLE 165 GERMANY: DIGITAL PAYMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
10.3.5 FRANCE
10.3.5.1 Strong government initiatives to promote instant payment methods to drive growth
10.3.6 SPAIN
10.3.6.1 Shift toward adoption and acceptance of electronic payments to boost growth
10.3.7 REST OF EUROPE
10.4 ASIA PACIFIC
10.4.1 ASIA PACIFIC: DIGITAL PAYMENT MARKET DRIVERS
10.4.2 ASIA PACIFIC: RECESSION IMPACT ANALYSIS
FIGURE 38 ASIA PACIFIC: MARKET SNAPSHOT
TABLE 166 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)
TABLE 167 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 168 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
TABLE 169 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
TABLE 170 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)
TABLE 171 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)
TABLE 172 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)
TABLE 173 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)
TABLE 174 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018–2022 (USD MILLION)
TABLE 175 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023–2028 (USD MILLION)
TABLE 176 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018–2022 (USD MILLION)
TABLE 177 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2023–2028 (USD MILLION)
TABLE 178 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
TABLE 179 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
TABLE 180 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 181 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
10.4.3 CHINA
10.4.3.1 Robust government initiatives to launch digital currency and enable cross-border business payments to drive market
TABLE 182 CHINA: DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)
TABLE 183 CHINA: DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 184 CHINA: DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
TABLE 185 CHINA: DIGITAL PAYMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
TABLE 186 CHINA: DIGITAL PAYMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)
TABLE 187 CHINA: DIGITAL PAYMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)
TABLE 188 CHINA: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)
TABLE 189 CHINA: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)
TABLE 190 CHINA: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018–2022 (USD MILLION)
TABLE 191 CHINA: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023–2028 (USD MILLION)
TABLE 192 CHINA: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018–2022 (USD MILLION)
TABLE 193 CHINA: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2023–2028 (USD MILLION)
TABLE 194 CHINA: DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
TABLE 195 CHINA: DIGITAL PAYMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
10.4.4 INDIA
10.4.4.1 Robust efforts to support Digital India initiative for strong internet connectivity to drive market
TABLE 196 INDIA: DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)
TABLE 197 INDIA: DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 198 INDIA: DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
TABLE 199 INDIA: DIGITAL PAYMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
TABLE 200 INDIA: DIGITAL PAYMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)
TABLE 201 INDIA: DIGITAL PAYMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)
TABLE 202 INDIA: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)
TABLE 203 INDIA: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)
TABLE 204 INDIA: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018–2022 (USD MILLION)
TABLE 205 INDIA: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023–2028 (USD MILLION)
TABLE 206 INDIA: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018–2022 (USD MILLION)
TABLE 207 INDIA: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2023–2028 (USD MILLION)
TABLE 208 INDIA: DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
TABLE 209 INDIA: DIGITAL PAYMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
10.4.5 JAPAN
10.4.5.1 High usage of credit cards for transactions to boost market
10.4.6 AUSTRALIA & NEW ZEALAND (ANZ)
10.4.6.1 Rising popularity of eCommerce to propel growth
10.4.7 REST OF ASIA PACIFIC
10.5 MIDDLE EAST & AFRICA
10.5.1 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET DRIVERS
TABLE 210 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)
TABLE 211 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 212 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
TABLE 213 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
TABLE 214 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)
TABLE 215 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)
TABLE 216 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)
TABLE 217 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)
TABLE 218 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018–2022 (USD MILLION)
TABLE 219 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023–2028 (USD MILLION)
TABLE 220 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018–2022 (USD MILLION)
TABLE 221 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2023–2028 (USD MILLION)
TABLE 222 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
TABLE 223 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
TABLE 224 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 225 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
10.5.2 UAE
10.5.2.1 Rising popularity of digital platforms, growth in eCommerce, and technological advancements to drive demand
TABLE 226 UAE: DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)
TABLE 227 UAE: DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 228 UAE: DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
TABLE 229 UAE: DIGITAL PAYMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
TABLE 230 UAE: DIGITAL PAYMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)
TABLE 231 UAE: DIGITAL PAYMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)
TABLE 232 UAE: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)
TABLE 233 UAE: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)
TABLE 234 UAE: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018–2022 (USD MILLION)
TABLE 235 UAE: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023–2028 (USD MILLION)
TABLE 236 UAE: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018–2022 (USD MILLION)
TABLE 237 UAE: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2023–2028 (USD MILLION)
TABLE 238 UAE: DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
TABLE 239 UAE: DIGITAL PAYMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
10.5.3 SAUDI ARABIA
10.5.3.1 Growing use of smartphones and internet penetration to contribute to market growth
10.5.4 SOUTH AFRICA
10.5.4.1 Government’s rapid payments program to enable new entrants to access core payment systems
10.5.5 REST OF MIDDLE EAST & AFRICA
10.6 LATIN AMERICA
10.6.1 LATIN AMERICA: DIGITAL PAYMENT MARKET DRIVERS
10.6.2 LATIN AMERICA: RECESSION IMPACT ANALYSIS
TABLE 240 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)
TABLE 241 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 242 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
TABLE 243 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
TABLE 244 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)
TABLE 245 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)
TABLE 246 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)
TABLE 247 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)
TABLE 248 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018–2022 (USD MILLION)
TABLE 249 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023–2028 (USD MILLION)
TABLE 250 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018–2022 (USD MILLION)
TABLE 251 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2023–2028 (USD MILLION)
TABLE 252 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
TABLE 253 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
TABLE 254 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 255 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
10.6.3 BRAZIL
10.6.3.1 Improved economic conditions, rapid urbanization, and expansion of eCommerce industry to drive market in Brazil
TABLE 256 BRAZIL: DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)
TABLE 257 BRAZIL: DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 258 BRAZIL: DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
TABLE 259 BRAZIL: DIGITAL PAYMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
TABLE 260 BRAZIL: DIGITAL PAYMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)
TABLE 261 BRAZIL: DIGITAL PAYMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)
TABLE 262 BRAZIL: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)
TABLE 263 BRAZIL: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)
TABLE 264 BRAZIL: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018–2022 (USD MILLION)
TABLE 265 BRAZIL: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023–2028 (USD MILLION)
TABLE 266 BRAZIL: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018–2022 (USD MILLION)
TABLE 267 BRAZIL: DIGITAL PAYMENT MARKET, BY PAYMENT MODE 2023–2028 (USD MILLION)
TABLE 268 BRAZIL: DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
TABLE 269 BRAZIL: DIGITAL PAYMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
10.6.4 MEXICO
10.6.4.1 Launch of social benefit programs to increase digital transactions to contribute to market growth
10.6.5 REST OF LATIN AMERICA
11 COMPETITIVE LANDSCAPE
11.1 OVERVIEW
11.2 STRATEGIES ADOPTED BY KEY PLAYERS
TABLE 270 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS
11.3 MARKET SHARE ANALYSIS OF TOP PLAYERS
TABLE 271 DIGITAL PAYMENT MARKET: DEGREE OF COMPETITION
11.4 HISTORICAL REVENUE ANALYSIS
FIGURE 39 REVENUE ANALYSIS OF LEADING PLAYERS, 2020–2022 (USD MILLION)
11.5 COMPETITIVE BENCHMARKING
TABLE 272 PRODUCT FOOTPRINT WEIGHTAGE
TABLE 273 DIGITAL PAYMENT MARKET: COMPETITIVE BENCHMARKING OF PLAYERS, BY OFFERING, VERTICAL, AND REGION
TABLE 274 DIGITAL PAYMENT MARKET: DETAILED LIST OF KEY STARTUPS/SMES
11.6 PRODUCT BENCHMARKING FOR PROMINENT DIGITAL PAYMENT SOLUTION PROVIDERS
TABLE 275 COMPARATIVE ANALYSIS OF DIGITAL PAYMENT SOLUTION PROVIDERS
11.6.1 VISA
11.6.2 STRIPE
11.6.3 MASTERCARD
11.6.4 PAYPAL
11.7 COMPANY PRODUCT FOOTPRINT ANALYSIS
TABLE 276 COMPANY PRODUCT FOOTPRINT
11.8 MARKET RANKING OF KEY PLAYERS, 2023
FIGURE 40 MARKET RANKING OF KEY PLAYERS, 2023
11.9 COMPANY EVALUATION MATRIX
FIGURE 41 COMPANY EVALUATION MATRIX: CRITERIA WEIGHTAGE
11.9.1 STARS
11.9.2 EMERGING LEADERS
11.9.3 PERVASIVE PLAYERS
11.9.4 PARTICIPANTS
FIGURE 42 COMPANY EVALUATION MATRIX, 2023
11.10 SME/STARTUP EVALUATION MATRIX: METHODOLOGY AND DEFINITIONS
FIGURE 43 STARTUP/SME EVALUATION MATRIX: CRITERIA WEIGHTAGE
11.10.1 PROGRESSIVE COMPANIES
11.10.2 RESPONSIVE COMPANIES
11.10.3 DYNAMIC COMPANIES
11.10.4 STARTING BLOCKS
FIGURE 44 SME/STARTUP EVALUATION MATRIX, 2023
11.11 VALUATION AND FINANCIAL METRICS OF KEY DIGITAL PAYMENT VENDORS
FIGURE 45 VALUATION AND FINANCIAL METRICS OF KEY DIGITAL PAYMENT VENDORS
11.12 COMPETITIVE SCENARIO
11.12.1 PRODUCT LAUNCHES
TABLE 277 PRODUCT LAUNCHES, 2019–2023
11.12.2 DEALS
TABLE 278 DEALS, 2019–2023
12 COMPANY PROFILES
12.1 MAJOR PLAYERS
(Business Overview, Products offered, Recent Developments, MnM View)*
12.1.1 PAYPAL
TABLE 279 PAYPAL: BUSINESS OVERVIEW
FIGURE 46 PAYPAL: COMPANY SNAPSHOT
TABLE 280 PAYPAL: PRODUCTS OFFERED
TABLE 281 PAYPAL: PRODUCT LAUNCHES
TABLE 282 PAYPAL: DEALS
TABLE 283 PAYPAL: OTHERS
12.1.2 FISERV
TABLE 284 FISERV: BUSINESS OVERVIEW
FIGURE 47 FISERV: COMPANY SNAPSHOT
TABLE 285 FISERV: PRODUCTS OFFERED
TABLE 286 FISERV: PRODUCT LAUNCHES
TABLE 287 FISERV: DEALS
TABLE 288 FISERV: OTHERS
12.1.3 FIS
TABLE 289 FIS: BUSINESS OVERVIEW
FIGURE 48 FIS: COMPANY SNAPSHOT
TABLE 290 FIS: PRODUCTS OFFERED
TABLE 291 FIS: PRODUCT LAUNCHES
TABLE 292 FIS: DEALS
TABLE 293 FIS: OTHERS
12.1.4 BLOCK
TABLE 294 BLOCK: BUSINESS OVERVIEW
FIGURE 49 BLOCK: COMPANY SNAPSHOT
TABLE 295 BLOCK: PRODUCTS OFFERED
TABLE 296 BLOCK: PRODUCT LAUNCHES
TABLE 297 SQUARE: DEALS
TABLE 298 SQUARE: OTHERS
12.1.5 GLOBAL PAYMENTS
TABLE 299 GLOBAL PAYMENTS: BUSINESS OVERVIEW
FIGURE 50 GLOBAL PAYMENTS: COMPANY SNAPSHOT
TABLE 300 GLOBAL PAYMENTS: PRODUCTS OFFERED
TABLE 301 GLOBAL PAYMENTS: DEALS
12.1.6 STRIPE
TABLE 302 STRIPE: BUSINESS OVERVIEW
TABLE 303 STRIPE: PRODUCTS OFFERED
TABLE 304 STRIPE: PRODUCT LAUNCHES
TABLE 305 STRIPE: DEALS
TABLE 306 STRIPE: OTHERS
12.1.7 VISA
TABLE 307 VISA: BUSINESS OVERVIEW
FIGURE 51 VISA: COMPANY SNAPSHOT
TABLE 308 VISA: PRODUCTS OFFERED
TABLE 309 VISA: PRODUCT LAUNCHES
TABLE 310 VISA: DEALS
TABLE 311 VISA: OTHERS
12.1.8 MASTERCARD
TABLE 312 MASTERCARD: BUSINESS OVERVIEW
FIGURE 52 MASTERCARD: COMPANY SNAPSHOT
TABLE 313 MASTERCARD: PRODUCTS OFFERED
TABLE 314 MASTERCARD: PRODUCT LAUNCHES
TABLE 315 MASTERCARD: DEALS
12.1.9 WORLDLINE
TABLE 316 WORLDLINE: BUSINESS OVERVIEW
FIGURE 53 WORLDLINE: COMPANY SNAPSHOT
TABLE 317 WORLDLINE: PRODUCTS OFFERED
TABLE 318 WORLDLINE: PRODUCT LAUNCHES
TABLE 319 WORLDLINE: DEALS
TABLE 320 WORLDLINE: OTHERS
12.1.10 ADYEN
TABLE 321 ADYEN: BUSINESS OVERVIEW
FIGURE 54 ADYEN COMPANY SNAPSHOT
TABLE 322 ADYEN: PRODUCTS OFFERED
TABLE 323 ADYEN: PRODUCT LAUNCHES
TABLE 324 ADYEN: DEALS
TABLE 325 ADYEN: OTHERS
12.1.11 ACI WORLDWIDE
TABLE 326 ACI WORLDWIDE: BUSINESS OVERVIEW
FIGURE 55 ACI WORLDWIDE: COMPANY SNAPSHOT
TABLE 327 ACI WORLDWIDE: PRODUCTS OFFERED
TABLE 328 ACI WORLDWIDE: PRODUCT LAUNCHES
TABLE 329 ACI WORLDWIDE: DEALS
12.1.12 TEMENOS
TABLE 330 TEMENOS: BUSINESS OVERVIEW
FIGURE 56 TEMENOS: COMPANY SNAPSHOT
TABLE 331 TEMENOS: PRODUCTS OFFERED
TABLE 332 TEMENOS: PRODUCT LAUNCHES/ENHANCEMENTS
TABLE 333 TEMENOS: DEALS
12.1.13 PAYU
TABLE 334 PAYU: BUSINESS OVERVIEW
TABLE 335 PAYU: PRODUCTS OFFERED
TABLE 336 PAYU: PRODUCT LAUNCHES
TABLE 337 PAYU: DEALS
TABLE 338 PAYU: OTHERS
12.1.14 APPLE
TABLE 339 APPLE: BUSINESS OVERVIEW
FIGURE 57 APPLE: COMPANY SNAPSHOT
TABLE 340 APPLE: PRODUCTS OFFERED
TABLE 341 APPLE: DEALS
12.1.15 FLEECTOR
12.1.16 JPMORGAN CHASE
12.1.17 WEX
12.1.18 VERIFONE
12.1.19 RIPPLE
*Details on Business Overview, Products offered, Recent Developments, MnM View might not be captured in case of unlisted companies.
12.2 OTHER PLAYERS
12.2.1 PAYTRACE
12.2.2 STAX
12.2.3 SPREEDLY
12.2.4 DWOLLA
12.2.5 BHARATPE
12.2.6 PAYSET
12.2.7 MATCHMOVE
12.2.8 PAYSEND
12.2.9 EBANX
12.2.10 AURUS
13 ADJACENT/RELATED MARKETS
13.1 PAYMENT PROCESSING SOLUTIONS MARKET
13.1.1 MARKET DEFINITION
13.1.2 MARKET OVERVIEW
13.1.3 PAYMENT PROCESSING SOLUTIONS MARKET, BY PAYMENT METHOD
TABLE 342 PAYMENT PROCESSING SOLUTIONS MARKET, BY PAYMENT METHOD, 2018–2022 (USD MILLION)
TABLE 343 PAYMENT PROCESSING SOLUTIONS MARKET, BY PAYMENT METHOD, 2023–2028 (USD MILLION)
TABLE 344 PAYMENT PROCESSING SOLUTIONS MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
TABLE 345 PAYMENT PROCESSING SOLUTIONS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
TABLE 346 PAYMENT PROCESSING SOLUTIONS MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 347 PAYMENT PROCESSING SOLUTIONS MARKET, BY REGION, 2023–2028 (USD MILLION)
13.2 B2B DIGITAL PAYMENT MARKET
13.2.1 MARKET DEFINITION
13.2.2 MARKET OVERVIEW
13.2.3 B2B DIGITAL PAYMENT MARKET, BY OFFERING
TABLE 348 B2B DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)
TABLE 349 B2B DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)
13.2.4 SOLUTIONS
TABLE 350 SOLUTIONS: B2B DIGITAL PAYMENT MARKET, BY TYPE, 2018–2022 (USD MILLION)
TABLE 351 SOLUTIONS: B2B DIGITAL PAYMENT MARKET, BY TYPE, 2023–2028 (USD MILLION)
13.2.5 SERVICES
TABLE 352 SERVICES: B2B DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 353 SERVICES: B2B DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
14 APPENDIX
14.1 DISCUSSION GUIDE
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.3 CUSTOMIZATION OPTIONS
14.4 RELATED REPORTS
14.5 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 REGIONS COVERED
1.4 YEARS CONSIDERED
1.5 CURRENCY CONSIDERED
TABLE 1 USD EXCHANGE RATES, 2020–2022
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
1.8 RECESSION IMPACT
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 1 DIGITAL PAYMENT MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
2.1.2.1 Breakdown of primary interviews
TABLE 2 PRIMARY INTERVIEWS
2.1.2.2 Key industry insights
2.2 DATA TRIANGULATION
FIGURE 2 DATA TRIANGULATION
2.3 MARKET SIZE ESTIMATION
FIGURE 3 APPROACH 1 (SUPPLY-SIDE): REVENUE OF OFFERINGS IN DIGITAL PAYMENT MARKET
FIGURE 4 APPROACH 2 (DEMAND-SIDE): DIGITAL PAYMENT MARKET
2.3.1 BOTTOM-UP APPROACH
FIGURE 5 BOTTOM-UP APPROACH
FIGURE 6 MARKET SIZE ESTIMATION USING BOTTOM-UP APPROACH
2.3.2 TOP-DOWN APPROACH
FIGURE 7 TOP-DOWN APPROACH
2.4 MARKET FORECAST
TABLE 3 FACTOR ANALYSIS
2.5 STUDY ASSUMPTIONS
2.6 LIMITATIONS AND RISK ASSESSMENT
2.7 RECESSION IMPACT ON DIGITAL PAYMENT MARKET
3 EXECUTIVE SUMMARY
FIGURE 8 DIGITAL PAYMENT MARKET, 2023–2028 (USD MILLION)
FIGURE 9 DIGITAL PAYMENT MARKET, BY OFFERING, 2023 VS. 2028 (USD MILLION)
FIGURE 10 DIGITAL PAYMENT MARKET, BY SOLUTION, 2023 VS. 2028 (USD MILLION)
FIGURE 11 DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023 VS. 2028 (USD MILLION)
FIGURE 12 DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2023 VS. 2028 (USD MILLION)
FIGURE 13 DIGITAL PAYMENT MARKET, BY VERTICAL, 2023 VS. 2028 (USD MILLION)
FIGURE 14 DIGITAL PAYMENT MARKET, BY REGION, 2023
4 PREMIUM INSIGHTS
4.1 DIGITAL PAYMENT MARKET OVERVIEW
FIGURE 15 INCREASING USE OF ONLINE PLATFORM TO DRIVE MARKET GROWTH
4.2 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY OFFERING AND VERTICAL (2023)
FIGURE 16 OFFERING SEGMENT EXPECTED TO ACCOUNT FOR LARGER MARKET SIZE IN 2023
4.3 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY OFFERING AND VERTICAL (2023)
FIGURE 17 APAC: SOLUTIONS SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2023
4.4 EUROPE: DIGITAL PAYMENT MARKET, BY OFFERING AND VERTICAL (2023)
FIGURE 18 EUROPE: SOLUTIONS SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2023
4.5 GEOGRAPHICAL SNAPSHOT
FIGURE 19 ASIA PACIFIC TO ACHIEVE HIGHEST GROWTH DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 MARKET OVERVIEW
5.2 MARKET DYNAMICS
FIGURE 20 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Rising initiatives for promotion of digitized payments
TABLE 4 GLOBAL INITIATIVES TO PROMOTE DIGITAL PAYMENTS
5.2.1.2 High proliferation of smartphones enabling mCommerce growth
5.2.1.3 Rise of eCommerce and adoption of embedded payment system
5.2.1.4 High adoption of contactless payments
5.2.1.5 Increasing adoption of real-time payments and ACH transactions
5.2.1.6 Rise in changing consumer payment modes
5.2.2 RESTRAINTS
5.2.2.1 Evolving cyber-attacks on digital payments
5.2.3 OPPORTUNITIES
5.2.3.1 Provision of connectivity and digital literacy in remote areas
5.2.3.2 Increasing adoption of open-banking APIs
5.2.3.3 Rapid use of digital payments
5.2.3.4 Rise in government initiatives favoring adoption of digital payments
5.2.3.5 Rise in digital payment startup and challenger’s banks
5.2.3.6 Advancements in technology with collaboration between banks and fintech institutions
5.2.4 CHALLENGES
5.2.4.1 Lack of global standards for cross-border payments
5.2.4.2 Lack of digital literacy in emerging countries
5.2.4.3 Increased costs due to fragmented regional regulatory landscape
5.2.5 CUMULATIVE GROWTH ANALYSIS
TABLE 5 CUMULATIVE GROWTH ANALYSIS
5.3 REGULATORY LANDSCAPE
5.4 INDUSTRY TRENDS
5.4.1 BEST PRACTICES IN DIGITAL PAYMENT MARKET
5.4.2 VALUE CHAIN ANALYSIS
FIGURE 21 DIGITAL PAYMENT MARKET: VALUE CHAIN ANALYSIS
5.4.3 BRIEF HISTORY OF DIGITAL PAYMENT MARKET
FIGURE 22 BRIEF HISTORY OF DIGITAL PAYMENT
5.4.3.1 2000–2010
5.4.3.2 2010–2020
5.4.3.3 2020–Present
5.4.4 ECOSYSTEM ANALYSIS
FIGURE 23 DIGITAL PAYMENT MARKET: ECOSYSTEM ANALYSIS
TABLE 6 DIGITAL PAYMENT MARKET: ECOSYSTEM ANALYSIS
5.4.5 PATENT ANALYSIS
5.4.5.1 Methodology
5.4.5.2 Document type
TABLE 7 PATENTS FILED, 2020–2023
5.4.5.3 Innovation and patent applications
FIGURE 24 TOTAL NUMBER OF PATENTS GRANTED, 2020–2023
5.4.5.4 Top applicants
FIGURE 25 TOP TEN PATENT APPLICANTS, 2020–2023
5.4.6 CASE STUDIES
5.4.6.1 Case study 1: Tradera implemented customized platform to collect and verify individual information
5.4.6.2 Case study 2: FIS helped Zalando minimize exemptions to deliver fast and secure payment experience while reducing fraud and risk
5.4.6.3 Case study 3: Braintree was opted for as solution by Animoto to handle its recurring payments and subscriptions
5.4.6.4 Case study 4: Stripe worked with MindBody to help studios boost online revenue conversion with virtual classes
5.4.6.5 Case study 5: By integrating Square for in-person, in-app, and online payments, Brushfire created cohesive payments and reporting solutions
5.4.7 INDICATIVE PRICING ANALYSIS, BY PAYMENT METHOD
5.4.7.1 Average selling price of key players
TABLE 8 PRICING ANALYSIS
5.4.7.2 Average selling price trend
5.4.8 IMPACT OF DIGITAL PAYMENT ON ADJACENT TECHNOLOGIES
5.4.9 TECHNOLOGY ANALYSIS
5.4.9.1 Adjacent technologies
5.4.9.1.1 Encryption and tokenization
TABLE 9 TECHNOLOGY ENABLERS IN DIGITAL PAYMENTS
5.4.10 PORTER’S FIVE FORCES ANALYSIS
TABLE 10 PORTER’S FIVE FORCES MODEL
5.4.10.1 Threat of new entrants
5.4.10.2 Threat of substitutes
5.4.10.3 Bargaining power of buyers
5.4.10.4 Bargaining power of suppliers
5.4.10.5 Intensity of competitive rivalry
5.4.11 TRENDS/DISRUPTIONS IMPACTING BUYERS/CUSTOMERS
FIGURE 26 TRENDS/DISRUPTIONS IMPACTING BUYERS/CUSTOMERS
5.4.12 KEY CONFERENCES & EVENTS, 2023-24
TABLE 11 DETAILED LIST OF KEY CONFERENCES & EVENTS, 2023-24
5.4.13 KEY STAKEHOLDERS & BUYING CRITERIA
5.4.13.1 Key stakeholders in buying process
FIGURE 27 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES
TABLE 12 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES (%)
5.4.13.2 Buying criteria
FIGURE 28 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES
TABLE 13 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES
5.4.14 FUTURE DIRECTION OF DIGITAL PAYMENT MARKET
5.4.14.1 Digital payment market roadmap till 2030
5.4.14.2 Short-term roadmap (2023–2025)
5.4.14.3 Mid-term roadmap (2026–2028)
5.4.14.4 Long-term roadmap (2029–2030)
5.4.15 HS CODE
TABLE 14 HS CODES, BY PAYMENT METHOD (IMPORT)
TABLE 15 HS CODES, BY PAYMENT METHOD (EXPORT)
6 DIGITAL PAYMENT MARKET, BY OFFERING
6.1 INTRODUCTION
6.1.1 OFFERING: DIGITAL PAYMENT MARKET DRIVERS
FIGURE 29 SERVICES SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
TABLE 16 DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)
TABLE 17 DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)
6.2 SOLUTIONS
FIGURE 30 PAYMENT WALLET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 18 DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
TABLE 19 DIGITAL PAYMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
6.2.1 PAYMENT GATEWAYS
6.2.1.1 Strong support in processing customer payment credentials and authorizing their payments to drive growth
TABLE 20 PAYMENT GATEWAYS: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 21 PAYMENT GATEWAYS: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
6.2.2 PAYMENT PROCESSORS
6.2.2.1 Increasing demand for transactions through various modes to boost growth
TABLE 22 PAYMENT PROCESSORS: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 23 PAYMENT PROCESSORS: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
6.2.3 PAYMENT WALLET
6.2.3.1 Rising demand for secure and convenient payment solutions in various verticals to encourage market expansion
TABLE 24 PAYMENT WALLET: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 25 PAYMENT WALLET: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
6.2.4 POINT-OF-SALE SOLUTIONS
6.2.4.1 Elimination of need for tracking multiple payment systems to boost growth
TABLE 26 POINT-OF-SALE SOLUTIONS: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 27 POINT-OF-SALE SOLUTIONS: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
6.2.5 OTHER SOLUTIONS
TABLE 28 OTHER SOLUTIONS: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 29 OTHER SOLUTIONS: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
6.3 SERVICES
FIGURE 31 MANAGED SERVICES TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
TABLE 30 DIGITAL PAYMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)
TABLE 31 DIGITAL PAYMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)
6.3.1 PROFESSIONAL SERVICES
6.3.1.1 Rising expertise and consulting offerings to optimize payment processes and enhance security to propel growth
FIGURE 32 CONSULTING SERVICES TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD
TABLE 32 DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)
TABLE 33 DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)
6.3.1.2 Consulting
TABLE 34 CONSULTING: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 35 CONSULTING: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
6.3.1.3 Implementation
TABLE 36 IMPLEMENTATION: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 37 IMPLEMENTATION: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
6.3.1.4 Support & Maintenance
TABLE 38 SUPPORT & MAINTENANCE: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 39 SUPPORT & MAINTENANCE: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
6.3.2 MANAGED SERVICES
6.3.2.1 Emergence of hosted payment solutions to contribute to market growth
7 DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE
7.1 INTRODUCTION
7.1.1 TRANSACTION TYPE: DIGITAL PAYMENT MARKET DRIVERS
FIGURE 33 CROSS BORDER SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
TABLE 40 DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018–2022 (USD MILLION)
TABLE 41 DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023–2028 (USD MILLION)
7.2 DOMESTIC
7.2.1 ELIMINATING NEED FOR CURRENCY CONVERSION FOR INTERNATIONAL INTERMEDIARIES TO BOLSTER GROWTH
TABLE 42 DOMESTIC: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 43 DOMESTIC: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
7.3 CROSS BORDER
7.3.1 FACILITATING GLOBAL TRADE FOR FUNDS EXCHANGE TO FOSTER GROWTH
TABLE 44 CROSS BORDER: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 45 CROSS BORDER: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
8 DIGITAL PAYMENT MARKET, BY PAYMENT MODE
8.1 INTRODUCTION
FIGURE 34 DIGITAL WALLET SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 46 DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018–2022 (USD MILLION)
TABLE 47 DIGITAL PAYMENT MARKET, PAYMENT MODE, 2023–2028 (USD MILLION)
8.1.1 PAYMENT MODE: DIGITAL PAYMENT MARKET DRIVERS
8.2 CARDS
8.2.1 GROWING DEMAND FOR CARDS FOR SEAMLESS ONLINE TRANSACTIONS TO DRIVE MARKET
TABLE 48 CARDS: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 49 CARDS: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
8.3 DIGITAL WALLET
8.3.1 FACILITATING CROSS-BORDER TRANSACTIONS AND CURRENCY CONVERSIONS TO SPUR GROWTH
TABLE 50 DIGITAL WALLET: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 51 DIGITAL WALLET: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
8.4 AUTOMATIC CLEARING HOUSE (ACH) TRANSFER
8.4.1 NEED TO MAKE RECURRING DEPOSITS INTO TAXABLE BROKERAGE ACCOUNTS TO FUEL DEMAND
TABLE 52 ACH TRANSFER: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 53 ACH TRANSFER: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
8.5 OTHER PAYMENT MODES
TABLE 54 OTHER PAYMENT MODES: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 55 OTHER PAYMENT MODES: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
9 DIGITAL PAYMENT MARKET, BY VERTICAL
9.1 INTRODUCTION
9.1.1 VERTICALS: DIGITAL PAYMENT MARKET DRIVERS
FIGURE 35 MEDIA & ENTERTAINMENT VERTICAL TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 56 DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
TABLE 57 DIGITAL PAYMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
9.2 BFSI
9.2.1 RISING ADOPTION OF DIGITALIZED TOOLS TO EASE BANKING AND OTHER FINANCIAL PROCESSES TO DRIVE GROWTH
9.2.2 CASE STUDIES
9.2.2.1 Fino Payment Bank adopted FIS payment solution to scale its operations across India
9.2.2.2 Fundraise Up partnered with Stripe to deploy efficient payment optimization tools for better customer checkout experience
9.2.2.3 River City Bank enhanced security against rising cyber threats with help of FIS
TABLE 58 BFSI: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 59 BFSI: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
9.3 RETAIL & ECOMMERCE
9.3.1 GROWING NEED TO SUPPORT ONLINE TRANSACTIONS TO BOOST MARKET
TABLE 60 RETAIL & ECOMMERCE: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 61 RETAIL & ECOMMERCE: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
9.3.2 CASE STUDIES
9.3.2.1 Jilian Produce deployed Zettle terminal to ease its sales interface
9.3.2.2 Walmart Marketplace integrated PayPal's Hyperwallet for payout processing
9.4 HEALTHCARE
9.4.1 ADOPTION OF NEW TECHNOLOGIES TO PROVIDE IMPROVED SERVICES TO PATIENTS TO SPUR GROWTH
TABLE 62 HEALTHCARE: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 63 HEALTHCARE: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
9.4.2 CASE STUDIES
9.4.2.1 Doctolib leveraged Stripe Connect as part of seamless practitioner-onboarding process to reduce doctor payout frequency
9.4.2.2 Lyra Health partnered with Stripe to experience substantial growth in payment transactions
9.5 IT & ITES
9.5.1 RISING TECHNOLOGICAL ADVANCEMENTS TO SUPPORT ADVANCED APIS AND SECURE PAYMENT GATEWAYS TO BOOST MARKET
TABLE 64 IT & ITES: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 65 IT & ITES: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
9.5.2 CASE STUDY
9.5.2.1 Atlassian selected Stripe to create single payment and billing platform for global transactions
9.6 TELECOM
9.6.1 ADOPTION OF DIGITAL SOLUTIONS TO MEET CHANGING DEMANDS OF CUSTOMERS TO PROPEL MARKET
TABLE 66 TELECOM: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 67 TELECOM: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
9.6.2 CASE STUDY
9.6.2.1 PayPal paired with telecom giants to expand its payment processing solutions
9.7 TRAVEL & HOSPITALITY
9.7.1 MOUNTED NFC-ENABLED DEVICES IN RESTAURANTS AND HOTELS TO HELP ENABLE FAST TRANSACTIONS
TABLE 68 TRAVEL & HOSPITALITY: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 69 TRAVEL & HOSPITALITY: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
9.7.2 CASE STUDIES
9.7.2.1 Worldpay provided necessary tools to streamline payment operations and navigate business complexities
9.7.2.2 Aegean Airlines used ACI Worldwide fraud prevention solution to increase efficiency and payment management
9.7.2.3 PayPal and Expedia collaborated to improve customer’s travel experience
9.8 TRANSPORTATION & LOGISTICS
9.8.1 ENCOURAGING COMMUTERS TO INCORPORATE MICRO-MOBILITY SOLUTIONS INTO MULTI-MODAL JOURNEYS TO REDUCE TRAFFIC CONGESTION TO BOLSTER GROWTH
TABLE 70 TRANSPORTATION & LOGISTICS: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 71 TRANSPORTATION & LOGISTICS: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
9.8.2 CASE STUDY
9.8.2.1 Worldpay helped Steer D&G Autocare with latest technology and innovation to modernize and streamline payment processes
9.9 MEDIA & ENTERTAINMENT
9.9.1 HIGH AVAILABILITY OF FEASIBLE MOBILE PAYMENT SOLUTIONS PROVIDED OVER MOBILE DEVICES TO FUEL GROWTH
TABLE 72 MEDIA & ENTERTAINMENT: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 73 MEDIA & ENTERTAINMENT: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
9.9.2 CASE STUDY
9.9.2.1 Radius Media adopted FIS solution for recurring and card-on-file billing
9.10 OTHER VERTICALS
TABLE 74 OTHER VERTICALS: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 75 OTHER VERTICALS: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
10 DIGITAL PAYMENT MARKET, BY REGION
10.1 INTRODUCTION
FIGURE 36 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
TABLE 76 DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 77 DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
10.2 NORTH AMERICA
10.2.1 NORTH AMERICA: DIGITAL PAYMENT MARKET DRIVERS
10.2.2 NORTH AMERICA: RECESSION IMPACT ANALYSIS
FIGURE 37 NORTH AMERICA: MARKET SNAPSHOT
TABLE 78 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)
TABLE 79 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 80 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
TABLE 81 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
TABLE 82 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)
TABLE 83 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)
TABLE 84 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)
TABLE 85 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)
TABLE 86 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018–2022 (USD MILLION)
TABLE 87 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023–2028 (USD MILLION)
TABLE 88 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018–2022 (USD MILLION)
TABLE 89 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY PAYMENT MODE 2023–2028 (USD MILLION)
TABLE 90 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
TABLE 91 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
TABLE 92 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 93 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
10.2.3 US
10.2.3.1 Presence of huge financial institutions to encourage market expansion
TABLE 94 US: DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)
TABLE 95 US: DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 96 US: DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
TABLE 97 US: DIGITAL PAYMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
TABLE 98 US: DIGITAL PAYMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)
TABLE 99 US: DIGITAL PAYMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)
TABLE 100 US: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)
TABLE 101 US: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)
TABLE 102 US: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018–2022 (USD MILLION)
TABLE 103 US: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023–2028 (USD MILLION)
TABLE 104 US: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018–2022 (USD MILLION)
TABLE 105 US: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2023–2028 (USD MILLION)
TABLE 106 US: DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
TABLE 107 US: DIGITAL PAYMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
10.2.4 CANADA
10.2.4.1 Rapid adoption of digitalized platforms such as contactless eCommerce to boost growth
TABLE 108 CANADA: DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)
TABLE 109 CANADA: DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 110 CANADA: DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
TABLE 111 CANADA: DIGITAL PAYMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
TABLE 112 CANADA: DIGITAL PAYMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)
TABLE 113 CANADA: DIGITAL PAYMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)
TABLE 114 CANADA: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)
TABLE 115 CANADA: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)
TABLE 116 CANADA: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018–2022 (USD MILLION)
TABLE 117 CANADA: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023–2028 (USD MILLION)
TABLE 118 CANADA: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018–2022 (USD MILLION)
TABLE 119 CANADA: DIGITAL PAYMENT MARKET, BY PAYMENT MODE 2023–2028 (USD MILLION)
TABLE 120 CANADA: DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
TABLE 121 CANADA: DIGITAL PAYMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
10.3 EUROPE
10.3.1 EUROPE: DIGITAL PAYMENT MARKET DRIVERS
10.3.2 EUROPE: RECESSION IMPACT ANALYSIS
TABLE 122 EUROPE: DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)
TABLE 123 EUROPE: DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 124 EUROPE: DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
TABLE 125 EUROPE: DIGITAL PAYMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
TABLE 126 EUROPE: DIGITAL PAYMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)
TABLE 127 EUROPE: DIGITAL PAYMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)
TABLE 128 EUROPE: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)
TABLE 129 EUROPE: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)
TABLE 130 EUROPE: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018–2022 (USD MILLION)
TABLE 131 EUROPE: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023–2028 (USD MILLION)
TABLE 132 EUROPE: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018–2022 (USD MILLION)
TABLE 133 EUROPE: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2023–2028 (USD MILLION)
TABLE 134 EUROPE: DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
TABLE 135 EUROPE: DIGITAL PAYMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
TABLE 136 EUROPE: DIGITAL PAYMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 137 EUROPE: DIGITAL PAYMENT MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
10.3.3 UK
10.3.3.1 Increased use of cards and popularity of contactless payments to propel growth
TABLE 138 UK: DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)
TABLE 139 UK: DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 140 UK: DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
TABLE 141 UK: DIGITAL PAYMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
TABLE 142 UK: DIGITAL PAYMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)
TABLE 143 UK: DIGITAL PAYMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)
TABLE 144 UK: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)
TABLE 145 UK: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)
TABLE 146 UK: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018–2022 (USD MILLION)
TABLE 147 UK: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023–2028 (USD MILLION)
TABLE 148 UK: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018–2022 (USD MILLION)
TABLE 149 UK: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2023–2028 (USD MILLION)
TABLE 150 UK: DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
TABLE 151 UK: DIGITAL PAYMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
10.3.4 GERMANY
10.3.4.1 Increasing smartphone and internet penetration in fintech sector to fuel growth
TABLE 152 GERMANY: DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)
TABLE 153 GERMANY: DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 154 GERMANY: DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
TABLE 155 GERMANY: DIGITAL PAYMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
TABLE 156 GERMANY: DIGITAL PAYMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)
TABLE 157 GERMANY: DIGITAL PAYMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)
TABLE 158 GERMANY: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)
TABLE 159 GERMANY: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)
TABLE 160 GERMANY: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018–2022 (USD MILLION)
TABLE 161 GERMANY: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023–2028 (USD MILLION)
TABLE 162 GERMANY: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018–2022 (USD MILLION)
TABLE 163 GERMANY: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2023–2028 (USD MILLION)
TABLE 164 GERMANY: DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
TABLE 165 GERMANY: DIGITAL PAYMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
10.3.5 FRANCE
10.3.5.1 Strong government initiatives to promote instant payment methods to drive growth
10.3.6 SPAIN
10.3.6.1 Shift toward adoption and acceptance of electronic payments to boost growth
10.3.7 REST OF EUROPE
10.4 ASIA PACIFIC
10.4.1 ASIA PACIFIC: DIGITAL PAYMENT MARKET DRIVERS
10.4.2 ASIA PACIFIC: RECESSION IMPACT ANALYSIS
FIGURE 38 ASIA PACIFIC: MARKET SNAPSHOT
TABLE 166 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)
TABLE 167 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 168 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
TABLE 169 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
TABLE 170 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)
TABLE 171 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)
TABLE 172 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)
TABLE 173 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)
TABLE 174 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018–2022 (USD MILLION)
TABLE 175 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023–2028 (USD MILLION)
TABLE 176 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018–2022 (USD MILLION)
TABLE 177 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2023–2028 (USD MILLION)
TABLE 178 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
TABLE 179 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
TABLE 180 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 181 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
10.4.3 CHINA
10.4.3.1 Robust government initiatives to launch digital currency and enable cross-border business payments to drive market
TABLE 182 CHINA: DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)
TABLE 183 CHINA: DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 184 CHINA: DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
TABLE 185 CHINA: DIGITAL PAYMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
TABLE 186 CHINA: DIGITAL PAYMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)
TABLE 187 CHINA: DIGITAL PAYMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)
TABLE 188 CHINA: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)
TABLE 189 CHINA: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)
TABLE 190 CHINA: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018–2022 (USD MILLION)
TABLE 191 CHINA: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023–2028 (USD MILLION)
TABLE 192 CHINA: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018–2022 (USD MILLION)
TABLE 193 CHINA: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2023–2028 (USD MILLION)
TABLE 194 CHINA: DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
TABLE 195 CHINA: DIGITAL PAYMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
10.4.4 INDIA
10.4.4.1 Robust efforts to support Digital India initiative for strong internet connectivity to drive market
TABLE 196 INDIA: DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)
TABLE 197 INDIA: DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 198 INDIA: DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
TABLE 199 INDIA: DIGITAL PAYMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
TABLE 200 INDIA: DIGITAL PAYMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)
TABLE 201 INDIA: DIGITAL PAYMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)
TABLE 202 INDIA: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)
TABLE 203 INDIA: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)
TABLE 204 INDIA: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018–2022 (USD MILLION)
TABLE 205 INDIA: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023–2028 (USD MILLION)
TABLE 206 INDIA: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018–2022 (USD MILLION)
TABLE 207 INDIA: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2023–2028 (USD MILLION)
TABLE 208 INDIA: DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
TABLE 209 INDIA: DIGITAL PAYMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
10.4.5 JAPAN
10.4.5.1 High usage of credit cards for transactions to boost market
10.4.6 AUSTRALIA & NEW ZEALAND (ANZ)
10.4.6.1 Rising popularity of eCommerce to propel growth
10.4.7 REST OF ASIA PACIFIC
10.5 MIDDLE EAST & AFRICA
10.5.1 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET DRIVERS
TABLE 210 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)
TABLE 211 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 212 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
TABLE 213 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
TABLE 214 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)
TABLE 215 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)
TABLE 216 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)
TABLE 217 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)
TABLE 218 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018–2022 (USD MILLION)
TABLE 219 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023–2028 (USD MILLION)
TABLE 220 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018–2022 (USD MILLION)
TABLE 221 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2023–2028 (USD MILLION)
TABLE 222 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
TABLE 223 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
TABLE 224 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 225 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
10.5.2 UAE
10.5.2.1 Rising popularity of digital platforms, growth in eCommerce, and technological advancements to drive demand
TABLE 226 UAE: DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)
TABLE 227 UAE: DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 228 UAE: DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
TABLE 229 UAE: DIGITAL PAYMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
TABLE 230 UAE: DIGITAL PAYMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)
TABLE 231 UAE: DIGITAL PAYMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)
TABLE 232 UAE: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)
TABLE 233 UAE: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)
TABLE 234 UAE: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018–2022 (USD MILLION)
TABLE 235 UAE: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023–2028 (USD MILLION)
TABLE 236 UAE: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018–2022 (USD MILLION)
TABLE 237 UAE: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2023–2028 (USD MILLION)
TABLE 238 UAE: DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
TABLE 239 UAE: DIGITAL PAYMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
10.5.3 SAUDI ARABIA
10.5.3.1 Growing use of smartphones and internet penetration to contribute to market growth
10.5.4 SOUTH AFRICA
10.5.4.1 Government’s rapid payments program to enable new entrants to access core payment systems
10.5.5 REST OF MIDDLE EAST & AFRICA
10.6 LATIN AMERICA
10.6.1 LATIN AMERICA: DIGITAL PAYMENT MARKET DRIVERS
10.6.2 LATIN AMERICA: RECESSION IMPACT ANALYSIS
TABLE 240 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)
TABLE 241 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 242 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
TABLE 243 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
TABLE 244 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)
TABLE 245 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)
TABLE 246 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)
TABLE 247 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)
TABLE 248 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018–2022 (USD MILLION)
TABLE 249 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023–2028 (USD MILLION)
TABLE 250 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018–2022 (USD MILLION)
TABLE 251 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2023–2028 (USD MILLION)
TABLE 252 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
TABLE 253 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
TABLE 254 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 255 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
10.6.3 BRAZIL
10.6.3.1 Improved economic conditions, rapid urbanization, and expansion of eCommerce industry to drive market in Brazil
TABLE 256 BRAZIL: DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)
TABLE 257 BRAZIL: DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 258 BRAZIL: DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
TABLE 259 BRAZIL: DIGITAL PAYMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
TABLE 260 BRAZIL: DIGITAL PAYMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)
TABLE 261 BRAZIL: DIGITAL PAYMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)
TABLE 262 BRAZIL: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)
TABLE 263 BRAZIL: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)
TABLE 264 BRAZIL: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018–2022 (USD MILLION)
TABLE 265 BRAZIL: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023–2028 (USD MILLION)
TABLE 266 BRAZIL: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018–2022 (USD MILLION)
TABLE 267 BRAZIL: DIGITAL PAYMENT MARKET, BY PAYMENT MODE 2023–2028 (USD MILLION)
TABLE 268 BRAZIL: DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
TABLE 269 BRAZIL: DIGITAL PAYMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
10.6.4 MEXICO
10.6.4.1 Launch of social benefit programs to increase digital transactions to contribute to market growth
10.6.5 REST OF LATIN AMERICA
11 COMPETITIVE LANDSCAPE
11.1 OVERVIEW
11.2 STRATEGIES ADOPTED BY KEY PLAYERS
TABLE 270 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS
11.3 MARKET SHARE ANALYSIS OF TOP PLAYERS
TABLE 271 DIGITAL PAYMENT MARKET: DEGREE OF COMPETITION
11.4 HISTORICAL REVENUE ANALYSIS
FIGURE 39 REVENUE ANALYSIS OF LEADING PLAYERS, 2020–2022 (USD MILLION)
11.5 COMPETITIVE BENCHMARKING
TABLE 272 PRODUCT FOOTPRINT WEIGHTAGE
TABLE 273 DIGITAL PAYMENT MARKET: COMPETITIVE BENCHMARKING OF PLAYERS, BY OFFERING, VERTICAL, AND REGION
TABLE 274 DIGITAL PAYMENT MARKET: DETAILED LIST OF KEY STARTUPS/SMES
11.6 PRODUCT BENCHMARKING FOR PROMINENT DIGITAL PAYMENT SOLUTION PROVIDERS
TABLE 275 COMPARATIVE ANALYSIS OF DIGITAL PAYMENT SOLUTION PROVIDERS
11.6.1 VISA
11.6.2 STRIPE
11.6.3 MASTERCARD
11.6.4 PAYPAL
11.7 COMPANY PRODUCT FOOTPRINT ANALYSIS
TABLE 276 COMPANY PRODUCT FOOTPRINT
11.8 MARKET RANKING OF KEY PLAYERS, 2023
FIGURE 40 MARKET RANKING OF KEY PLAYERS, 2023
11.9 COMPANY EVALUATION MATRIX
FIGURE 41 COMPANY EVALUATION MATRIX: CRITERIA WEIGHTAGE
11.9.1 STARS
11.9.2 EMERGING LEADERS
11.9.3 PERVASIVE PLAYERS
11.9.4 PARTICIPANTS
FIGURE 42 COMPANY EVALUATION MATRIX, 2023
11.10 SME/STARTUP EVALUATION MATRIX: METHODOLOGY AND DEFINITIONS
FIGURE 43 STARTUP/SME EVALUATION MATRIX: CRITERIA WEIGHTAGE
11.10.1 PROGRESSIVE COMPANIES
11.10.2 RESPONSIVE COMPANIES
11.10.3 DYNAMIC COMPANIES
11.10.4 STARTING BLOCKS
FIGURE 44 SME/STARTUP EVALUATION MATRIX, 2023
11.11 VALUATION AND FINANCIAL METRICS OF KEY DIGITAL PAYMENT VENDORS
FIGURE 45 VALUATION AND FINANCIAL METRICS OF KEY DIGITAL PAYMENT VENDORS
11.12 COMPETITIVE SCENARIO
11.12.1 PRODUCT LAUNCHES
TABLE 277 PRODUCT LAUNCHES, 2019–2023
11.12.2 DEALS
TABLE 278 DEALS, 2019–2023
12 COMPANY PROFILES
12.1 MAJOR PLAYERS
(Business Overview, Products offered, Recent Developments, MnM View)*
12.1.1 PAYPAL
TABLE 279 PAYPAL: BUSINESS OVERVIEW
FIGURE 46 PAYPAL: COMPANY SNAPSHOT
TABLE 280 PAYPAL: PRODUCTS OFFERED
TABLE 281 PAYPAL: PRODUCT LAUNCHES
TABLE 282 PAYPAL: DEALS
TABLE 283 PAYPAL: OTHERS
12.1.2 FISERV
TABLE 284 FISERV: BUSINESS OVERVIEW
FIGURE 47 FISERV: COMPANY SNAPSHOT
TABLE 285 FISERV: PRODUCTS OFFERED
TABLE 286 FISERV: PRODUCT LAUNCHES
TABLE 287 FISERV: DEALS
TABLE 288 FISERV: OTHERS
12.1.3 FIS
TABLE 289 FIS: BUSINESS OVERVIEW
FIGURE 48 FIS: COMPANY SNAPSHOT
TABLE 290 FIS: PRODUCTS OFFERED
TABLE 291 FIS: PRODUCT LAUNCHES
TABLE 292 FIS: DEALS
TABLE 293 FIS: OTHERS
12.1.4 BLOCK
TABLE 294 BLOCK: BUSINESS OVERVIEW
FIGURE 49 BLOCK: COMPANY SNAPSHOT
TABLE 295 BLOCK: PRODUCTS OFFERED
TABLE 296 BLOCK: PRODUCT LAUNCHES
TABLE 297 SQUARE: DEALS
TABLE 298 SQUARE: OTHERS
12.1.5 GLOBAL PAYMENTS
TABLE 299 GLOBAL PAYMENTS: BUSINESS OVERVIEW
FIGURE 50 GLOBAL PAYMENTS: COMPANY SNAPSHOT
TABLE 300 GLOBAL PAYMENTS: PRODUCTS OFFERED
TABLE 301 GLOBAL PAYMENTS: DEALS
12.1.6 STRIPE
TABLE 302 STRIPE: BUSINESS OVERVIEW
TABLE 303 STRIPE: PRODUCTS OFFERED
TABLE 304 STRIPE: PRODUCT LAUNCHES
TABLE 305 STRIPE: DEALS
TABLE 306 STRIPE: OTHERS
12.1.7 VISA
TABLE 307 VISA: BUSINESS OVERVIEW
FIGURE 51 VISA: COMPANY SNAPSHOT
TABLE 308 VISA: PRODUCTS OFFERED
TABLE 309 VISA: PRODUCT LAUNCHES
TABLE 310 VISA: DEALS
TABLE 311 VISA: OTHERS
12.1.8 MASTERCARD
TABLE 312 MASTERCARD: BUSINESS OVERVIEW
FIGURE 52 MASTERCARD: COMPANY SNAPSHOT
TABLE 313 MASTERCARD: PRODUCTS OFFERED
TABLE 314 MASTERCARD: PRODUCT LAUNCHES
TABLE 315 MASTERCARD: DEALS
12.1.9 WORLDLINE
TABLE 316 WORLDLINE: BUSINESS OVERVIEW
FIGURE 53 WORLDLINE: COMPANY SNAPSHOT
TABLE 317 WORLDLINE: PRODUCTS OFFERED
TABLE 318 WORLDLINE: PRODUCT LAUNCHES
TABLE 319 WORLDLINE: DEALS
TABLE 320 WORLDLINE: OTHERS
12.1.10 ADYEN
TABLE 321 ADYEN: BUSINESS OVERVIEW
FIGURE 54 ADYEN COMPANY SNAPSHOT
TABLE 322 ADYEN: PRODUCTS OFFERED
TABLE 323 ADYEN: PRODUCT LAUNCHES
TABLE 324 ADYEN: DEALS
TABLE 325 ADYEN: OTHERS
12.1.11 ACI WORLDWIDE
TABLE 326 ACI WORLDWIDE: BUSINESS OVERVIEW
FIGURE 55 ACI WORLDWIDE: COMPANY SNAPSHOT
TABLE 327 ACI WORLDWIDE: PRODUCTS OFFERED
TABLE 328 ACI WORLDWIDE: PRODUCT LAUNCHES
TABLE 329 ACI WORLDWIDE: DEALS
12.1.12 TEMENOS
TABLE 330 TEMENOS: BUSINESS OVERVIEW
FIGURE 56 TEMENOS: COMPANY SNAPSHOT
TABLE 331 TEMENOS: PRODUCTS OFFERED
TABLE 332 TEMENOS: PRODUCT LAUNCHES/ENHANCEMENTS
TABLE 333 TEMENOS: DEALS
12.1.13 PAYU
TABLE 334 PAYU: BUSINESS OVERVIEW
TABLE 335 PAYU: PRODUCTS OFFERED
TABLE 336 PAYU: PRODUCT LAUNCHES
TABLE 337 PAYU: DEALS
TABLE 338 PAYU: OTHERS
12.1.14 APPLE
TABLE 339 APPLE: BUSINESS OVERVIEW
FIGURE 57 APPLE: COMPANY SNAPSHOT
TABLE 340 APPLE: PRODUCTS OFFERED
TABLE 341 APPLE: DEALS
12.1.15 FLEECTOR
12.1.16 JPMORGAN CHASE
12.1.17 WEX
12.1.18 VERIFONE
12.1.19 RIPPLE
*Details on Business Overview, Products offered, Recent Developments, MnM View might not be captured in case of unlisted companies.
12.2 OTHER PLAYERS
12.2.1 PAYTRACE
12.2.2 STAX
12.2.3 SPREEDLY
12.2.4 DWOLLA
12.2.5 BHARATPE
12.2.6 PAYSET
12.2.7 MATCHMOVE
12.2.8 PAYSEND
12.2.9 EBANX
12.2.10 AURUS
13 ADJACENT/RELATED MARKETS
13.1 PAYMENT PROCESSING SOLUTIONS MARKET
13.1.1 MARKET DEFINITION
13.1.2 MARKET OVERVIEW
13.1.3 PAYMENT PROCESSING SOLUTIONS MARKET, BY PAYMENT METHOD
TABLE 342 PAYMENT PROCESSING SOLUTIONS MARKET, BY PAYMENT METHOD, 2018–2022 (USD MILLION)
TABLE 343 PAYMENT PROCESSING SOLUTIONS MARKET, BY PAYMENT METHOD, 2023–2028 (USD MILLION)
TABLE 344 PAYMENT PROCESSING SOLUTIONS MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
TABLE 345 PAYMENT PROCESSING SOLUTIONS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
TABLE 346 PAYMENT PROCESSING SOLUTIONS MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 347 PAYMENT PROCESSING SOLUTIONS MARKET, BY REGION, 2023–2028 (USD MILLION)
13.2 B2B DIGITAL PAYMENT MARKET
13.2.1 MARKET DEFINITION
13.2.2 MARKET OVERVIEW
13.2.3 B2B DIGITAL PAYMENT MARKET, BY OFFERING
TABLE 348 B2B DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)
TABLE 349 B2B DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)
13.2.4 SOLUTIONS
TABLE 350 SOLUTIONS: B2B DIGITAL PAYMENT MARKET, BY TYPE, 2018–2022 (USD MILLION)
TABLE 351 SOLUTIONS: B2B DIGITAL PAYMENT MARKET, BY TYPE, 2023–2028 (USD MILLION)
13.2.5 SERVICES
TABLE 352 SERVICES: B2B DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 353 SERVICES: B2B DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
14 APPENDIX
14.1 DISCUSSION GUIDE
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.3 CUSTOMIZATION OPTIONS
14.4 RELATED REPORTS
14.5 AUTHOR DETAILS
