The global digital payment market size is expected to grow from USD 79.3 billion in 2020 to USD 154.1 billion by 2025, at a CAGR of 14%. The digital payment market is expected to grow owing to global initiatives to promote digital payments, proliferation of smartphones enabling mCommerce growth, increasing e-commerce sales and growth in Internet penetration.
A full report of Digital Payment Market available at: https://www.orionmarketreports.com/digital-payment-market/58800/
APAC is projected to witness the highest growth rate. The countries in the region have undertaken major initiatives to improve the payment industry. For instance, Asian Payments Network (APN) is a group of 11 Asian countries that include the Philippines, China, Singapore, Malaysia, Thailand, Vietnam, Indonesia, South Korea, Japan, New Zealand, and Australia to promote cross-border banking transactions in the region.
Key Market Players
The digital payments market comprises key solution and service providers including ACI Worldwide (US), Adyen (Netherlands), Aurus (US), Aliant Payments (US), Alipay (China), Apple Pay (US), Due (US), Dwolla (US), FattMerchant (US), FIS (US), Fiserv (US), Global Payments (US), Intuit (US), JPMorgan Chase (US), Mastercard (US), PayPal (US), Paysafe (UK), PayTrace (US), PayU (Netherlands), Spreedly (US), Square (US), Stripe (US), Visa (US), WEX (US), Worldline (France), and 2Checkout (US).
Digital Payment Market- Segmentation
By Component
• Solutions
• Services
By Deployment Type
• On-premises
• Cloud
By Organization Size
• Small and Medium-sized Enterprises
• Large Enterprises
By Vertical
• Banking, Financial Services, And Insurance
• Retail and Ecommerce
• Healthcare
• Travel and Hospitality
• Transportation and Logistics
• Media and Entertainment
• Other Verticals
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
