Global Digital Payment market was valued at USD 33.11 billion in 2018, which is expected to reach USD 87.76 billion by 2030 at a CAGR 18.5 %.
Digital payment methods are transferring funds through electronic media like laptops, mobile, tablets. In digital payment method payer and payee utilizes digital platform to send and receive money. This method is also referred as electronic payment method. Various modes are used to transfer money by using digital payment method such as Point of Sales, Net Banking, Digital Wallets, Digital Currencies, Bank Cards, and Others.
Increase in demand for digital payments in e-commerce industry is the key driving factor which is expected to boost the global digital payment market growth. Furthermore, rise in internet penetration is expected to propel the global digital payment market growth. Moreover, increase in government initiatives towards cashless country will have the positive impact on global digital payment market growth. In addition to that, high proliferation of smart phones is expected to fuel the global digital payment market growth, during this forecast [period. Additionally, progressive changes in regulatory frameworks will grow the global digital payments market growth, over the forecast period.
However, lack of global standards for cross-border payments is the restraining factor which is expected to hamper the global digital payments market growth. Also, security and privacy concerns will affect the global digital payment market growth. Furthermore, instability of mobile network is expected to hinder the global digital payment market growth.
Global Digital Payment Market is segmented into solution such as Transaction Risk Management, Payment Security & Fraud Management, Payment Processing, Payment Gateway, Application Program Interface, and Others, by mode of payments such as Point of Sales, Net Banking, Digital Wallets, Digital Currencies, Bank Cards, and Others, by deployment type such as cloud, and on-premise. Further, Global Digital Payment Market is segmented into enterprise size such as Large enterprises, and Small & Medium Enterprises, by End Use such as BFSI, Retail & E-Commerce, Media & Entertainment, IT & Telecommunication, and Healthcare.
Also, Global Digital Payment Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Various key players are discussed in this report such as Global Payments, ACI Worldwide, Novatti, Total System Services, Chetu, Fiserv, Wirecard, World pay, Paypal, Six Payment Services, and First Data.
By Solution
By Mode of Payment
By Deployment Type
By Enterprise Size
By End Use
By Region
1.1. Market Taxonomy
3.1. Forecast Factor
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Challenges
3.2.3. Trends
5.1. Y-o-Y Growth Comparison, By Solution
5.2. Global Digital Payment Market Share Analysis, By Solution
5.3. Global Digital Payment Market Size and Forecast, By Solution
5.3.1 Transaction Risk Management
5.3.2 Payment Security & Fraud Management
5.3.3 Payment Processing
5.3.4 Payment Gateway
5.3.5 Application Program Interface
5.3.6 Others
6.1. Y-o-Y Growth Comparison, By Mode of Payment
6.2. Global Digital Payment Market Share Analysis, By Mode of Payment
6.3. Global Digital Payment Market Size and Forecast, By Mode of Payment
6.3.1 Point of sales
6.3.2 Net Banking
6.3.3 Digital Wallets
6.3.4 Digital Currencies
6.3.5 Bank Cards
7.1. Y-o-Y Growth Comparison, By Deployment Type
7.2. Global Digital Payment Market Share Analysis, By Deployment Type
7.3. Global Digital Payment Market Size and Forecast, By Deployment Type
7.3.1 Cloud
7.3.2 On-Premise
8.1. Y-o-Y Growth Comparison, By Enterprise Size
8.2. Global Digital Payment Market Share Analysis, By Enterprise Size
8.3. Global Digital Payment Market Size and Forecast, By Enterprise Size
8.3.1 Large Enterprises
8.3.2 Small & Medium Enterprises
9.1. Y-o-Y Growth Comparison, By End Use
9.2. Global Digital Payment Market Share Analysis, By End Use
9.3. Global Digital Payment Market Size and Forecast, By End Use
9.3.1 BFSI
9.3.2 Retail & E-commerce
9.3.3Media & Entertainment
9.3.4 IT & Telecommunication
9.3.5 Healthcare
10.1. Y-o-Y Growth Comparison, By Region
10.2. Global Digital Payment Market Share Analysis, By Region
11.1 Introduction
11.2 North America Digital Payment Market Analysis, By Solution
11.3 North America Digital Payment Market Analysis, By Mode of Payment
11.4 North America Digital Payment Market Analysis, By Deployment Type
11.5 North America Digital Payment Market Analysis, By Enterprise Size
11.6 North America Digital Payment Market Analysis, By End Use
11.7 North America Digital Payment Market Analysis, By Country
11.7.1 USA
11.7.2 Canada
11.7.3 Mexico
12.1 Introduction
12.2 Europe Digital Payment Market Analysis, By Solution
12.3 Europe Digital Payment Market Analysis, By Mode of Payment
12.4 Europe Digital Payment Market Analysis, By Deployment Type
12.5 Europe Digital Payment Market Analysis, By Enterprise Size
12.6 Europe Digital Payment Market Analysis, By End Use
12.7 Europe Digital Payment Market Analysis, By Country
12.7.1 Germany
12.7.2 France
12.7.3 UK
12.7.4 Rest of Europe
13.1 Introduction
13.2 Asia Pacific Digital Payment Market Analysis, By Solution
13.3 Asia Pacific Digital Payment Market Analysis, By Mode of Payment
13.4 Asia Pacific Digital Payment Market Analysis, By Deployment Type
13.5 Asia Pacific Digital Payment Market Analysis, By Enterprise Size
13.6 Asia Pacific Digital Payment Market Analysis, End Use
13.7 Asia Pacific Digital Payment Market Analysis, By Country
13.7.1 China
13.7.2 India
13.7.3 Japan
13.7.4 Rest of Asia Pacific
14.1 Introduction
14.2 Latin America Digital Payment Market Analysis, By Solution
14.3 Latin America Digital Payment Market Analysis, By Mode of Payment
14.4 Latin America Digital Payment Market Analysis, By Deployment Type
14.5 Latin America Digital Payment Market Analysis, by Enterprise Size
14.6 Latin America Digital Payment Market Analysis, End Use
15.1 Introduction
15.2 Middle East & Africa Digital Payment Market Analysis, By Solution
15.3 Middle East & Africa Digital Payment Market Analysis, By Mode of Payment
15.4 Middle East & Africa Digital Payment Market Analysis, By Deployment Type
15.5 Middle East & Africa Digital Payment Market Analysis, By Enterprise Size
16.1 Competition Dashboard
16.2 Market Share Analysis of Top Vendors
16.3 Key Development Strategies
17.1 Global Payments
17.1.1 Overview
17.1.2 Offerings
17.1.3 Key Financial
17.1.4 Business Segment & Geographic Overview
17.1.5 Key Market Developments
17.1.6 Key Strategies
17.2 ACI Worldwide
17.3 Novatti
17.4 Total System Services
17.5 Chetu
17.6 Fiserv
17.7 Wirecard
17.8 World pay
17.9 Paypal
17.10 Six Payment Services
17.11 First Data
