Digital Payment Market

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Digital Payment Market- Global Industry Size, Share, Trend Analysis and Forecast Report, 2018-2028, Segmented By Offering (Solution and Service) By Mode of Payment (Digital Currencies, Bank Cards, Digital Wallets, Net Banking, Point of Sale, and Others), By Deployment (On-Premise and Cloud), By Organization Size (Small Enterprises, Medium Enterprises, and Large Enterprises), By Sector (Banking, Financial Services and Insurance (BFSI), Retail/E-Commerce, Healthcare, Hospitality/Travel, Logistics and Transportation, Others), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)

  • Published Date: June 2022
  • Report ID: BWC22185
  • Available Format: PDF
  • Page: 186

Report Overview

Global Digital Payment Market is gaining significant traction owing to the growing internet connection, continuous up-gradation in various digital payment options, and rising adoption of mobile payments due to ease of performing transactions as well as financial inclusion offered by the technology...

Global Digital Payment Market- Industry Trends & Forecast Report 2028

The Global Digital Payment Market was worth USD 86.5 Billion in 2021 and is further projected to reach USD 194.2 Billion by the year 2028, growing at a CAGR of 12.1% during the forecast period (2022-2028). The market is growing at a high rate owing to the increase in the number of e-commerce industries along with the rising use of mobile wallets to make payments and the development of secure & safe payment gateways. Also, the rising technological advancements in smartphones, digital payment cards, and point of sale (POS) at retail terminals are fueling the growth of the Global Digital Payment Market during the forecast period.

Digital Payment Market

Digital Payment – Overview

Digital Payment is the mode of transaction where value transfers from one account to another electronically. These payments involve the use of a digital device such as a mobile phone, POS, computer, etc. Moreover, digital payment is very beneficial than a traditional payment. Because these are more convenient, seamless transactions, convenience during travel, time-saving, offers and discounts, and allows user to track their spending.  There are various types and modes of digital payments. Some of these include the use of debit/credit cards, mobile wallets, internet banking, digital payment apps, Unified Payments Interface (UPI) service, Unstructured Supplementary Service Data (USSD) service, Bank prepaid cards, and mobile banking.

Global Digital Payment Market Forecast and Trends

Growth Drivers

Growing Advancement of Digital Payment Systems

The continuously developing upgradation in digital payment systems acts as a major driving factor for the growth of the Global Digital Payment Market. The emerging contactless payments and near-field communication (NFC) are becoming very popular in the digital payment domain. The NFC technology is integrated into android devices, laptops, tablets, as well as smartwatches, wristbands, or smart rings and is a tap-and-go payment process. Moreover, globally, consumers are preferring digital payments over traditional payments. This is because it offers them insights into their spending habits. Also, digital services help small businesses transact faster, smarter, and safer, as well as open up credit options along with other benefits. In addition, the main objective of digital payments is to reduce the costs and risks of handling cash to increase the ease of conducting transactions.

Increasing Worldwide Initiatives for the Promotion of Digital Payments

Digital payment is one of the primary growth imperatives for a country’s economy. It can help boost productivity and economic growth, improve transparency, increase tax revenue, expand financial inclusion, and open new economic opportunities for end-users. Governments are continuously involving various initiatives to digitize the payment process. Moreover, many countries across the world implement ICT technologies to promote digital economies. Furthermore, the countries such as India, Singapore, and Australia have launched various digital payment initiatives. The Monetary Authority of Singapore (MAS) has urged individuals and businesses to use digital financial services and ePayments, and to minimize visits to the premises of Financial Institutions (FIs).

Restraints

Lack of Global Standards for Cross-Border Payments

There is lack of global standards for cross-border payments and knowledge among emerging economies which hamper the growth of the Global Digital Payment Market. The increase in international trade, and cross-border e-commerce is surging the demand for digital cross-border payments globally. However, digital payments from one country to another are costlier, slower, and less transparent than domestic payments due to the complexity involved in the procedure. All these factors hinder the adoption of digital payments for cross-border transactions among enterprises in the region, especially small and medium-sized businesses.

Impact of COVID-19 on Global Digital Payment Market

The sudden outbreak of coronavirus disease (COVID-19) rapidly spread across the globe, which positively impacted the market, leading to a steep rise in online sales and the increasing use of online payment solutions. Customers have enormously shifted their preferences from offline shopping to online shopping during the pandemic. According to Digital Commerce 360, a media organization, online sales in the U.S. were valued at nearly USD 204.62 billion in Q3 2021, an increase of 6.8% compared to Q3 2020.  Also, increasing contactless payments and reducing customer anxiety over being in crowded places amid the pandemic have driven the demand for online payments. All these factors boost the growth of the Global Digital Payment Market. This trend in the market is likely to continue during the forecast period (2023-2028).

Global Digital Payment Market - By Offering

Based on offering, the Global Digital Payment Market is segmented into Solutions and Services. The solution segment dominates the market share. The solution segment is further classified into Payment Gateway, Processing, Payment Wallet, Security and Fraud Management, and Others. Payment gateway and payment processing are the most widely demanded solutions among merchants.

Global Digital Payment – By Mode of Payment

Based on mode of payment, the Global Digital Payment Market is segmented into Digital Currencies, Bank Cards, Digital Wallets, Net Banking, Point of Sale, and Others. Digital Wallets dominate the markets owing to the increasing demand for digital wallet solutions from various verticals like e-commerce, telecom media, travel and tourism, and entertainment. Also, digital wallets provide a secure, simple, and convenient payment experience to customers. This further propels the growth of the Global Digital Payment Market during the forecast period (2022-2028).

Global Digital Payment – By Sector

Based on sector, the Global Digital Payment Market is segmented into Banking, Financial Services and Insurance (BFSI), Retail/E-Commerce, Healthcare, Hospitality/Travel, Logistics and Transportation, and Others. Financial Services and Insurance (BFSI) dominates the market owing to the increasing digital payments in BFSI with the emergence of online banking tools such as NEFT or RTGS. These factors boost the growth of the Global Digital Payment Market during the forecast period (2022-2028).

Global Digital Payment Market - Regional Insights

Geographically, the Global Digital Payment Market is segmented into North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA). The Asia-Pacific segment accounts to hold the largest share in the market owing to the adoption of mobile payments and digital wallets in APAC which are likely to be higher than in other regions. Moreover, North America is expected to dominate the market in the upcoming years owing to the sophisticated and mature digital payments market.

Competitive Landscape

The leading market players in the Global Digital Payment Market are PayPal Holdings, Inc., Fiserv, Inc., FIS, Block, Inc. (Formerly Square), Global Payments Inc., Stripe, Inc., Visa, Mastercard Inc., Worldline, Adyen, ACI Worldwide Inc., Temenos AG, PayU, JPMorgan Chase & Co., WEX Inc., FleetCor Technologies, Inc., Chime Financial, Inc., Monese Credit Limited, Monzo Bank Ltd., The Green Dot Corporation, Axos Bank, Kakao Bank Corporation, N26 GmbH, Revolut Ltd., Nubank, Social Finance, Inc., Alau Tecnologia Sau, NerdWallet, Kuda Technologies, Eversend, Meem, Opay, Razorpay, Rewire, and other prominent players.

The Global Digital Payment Market is fragmented with the presence of several global and regional industry participants. However, several start-ups are also emerging with significant growth potential owing to a flourishing market. The companies constantly launch new technologies to gain market traction and significantly invest in research and development activities to innovate their offerings. Furthermore, the adoption of competitive strategies such as partnerships, mergers, acquisitions, collaborations, etc., is also prominent in this market.

Recent Developments

  • In February 2022, Apple announced plans to introduce Tap to Pay on iPhone. The new capability intends to empower millions of merchants across the United States, from small businesses to large retailers, to use their iPhones seamlessly and securely to accept Apple Pay, contactless credit and debit cards, and other digital wallet payments through a simple tap to their iPhones with no additional hardware or payment terminal.

 

  • In October 2021, the Treasury and Financial Conduct Authority (FCA) increased the contactless payment limit from USD 50.92 to USD 113.16 in the U.K. This limit was previously increased by FCA from USD 33.95 to USD 50.92 in April 2020 as a COVID-19 measure to reduce contact between payment terminals and shoppers.

 

Scope of the Report

Attributes Details
Years Considered Historical data – 2018-2020
Base Year – 2021
Forecast – 2022 – 2028
Facts Covered Revenue in USD Billion
Market Coverage North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA
Product Service/Segmentation By Offering, By Mode of Payment, By Deployment, By Organization Size, By Sector, By Region
Key Players PayPal Holdings, Inc., Fiserv, Inc., FIS, Block, Inc. (Formerly Square), Global Payments Inc., Stripe, Inc., Visa, Mastercard Inc., Worldline, Adyen, ACI Worldwide Inc., Temenos AG, PayU, JPMorgan Chase & Co., WEX Inc., FleetCor Technologies, Inc., Chime Financial, Inc., Monese Credit Limited, Monzo Bank Ltd., The Green Dot Corporation, Axos Bank, Kakao Bank Corporation, N26 GmbH, Revolut Ltd., Nubank, Social Finance, Inc., Alau Tecnologia Sau, NerdWallet, Kuda Technologies, Eversend, Meem, Opay, Razorpay, Rewire, and other prominent players.

 

By Offering

  1. Solution
      • Payment Gateway
      • Processing
      • Payment Wallet
      • Security and Fraud Management
      • Others
  2. Service
  • Professional
  • Managed

By Mode of Payment

  • Digital Currencies
  • Bank Cards
  • Digital Wallets
  • Net Banking
  • Point of Sale
  • Others

By Deployment

  • On-Premise
  • Cloud

By Organization Size

  • Small Enterprises
  • Medium Enterprises
  • Large Enterprises

By Sector

  • Banking, Financial Services and Insurance (BFSI)
  • Retail/E-Commerce
  • Healthcare
  • Hospitality/Travel
  • Logistics and Transportation
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa
  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumption & Limitation
  3. Executive Summary
  4. Global Digital Payment Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    3. Recent Development/Technological Advancement
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  5. Global Digital Payment Market Overview
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Offering
        1. Solution
          1. Payment Gateway
          2. Processing
          3. Payment Wallet
          4. Security and Fraud Management
          5. Others
        2. Service
          1. Professional
          2. Managed
      2. By Mode of Payment
        1. Digital Currencies
        2. Bank Cards
        3. Digital Wallets
        4. Net Banking
        5. Point of Sale
        6. Others
      3. By Deployment
        1. On-Premise
        2. Cloud
      4. By Organization Size
        1. Small Enterprises
        2. Medium Enterprises
        3. Large Enterprises
      5. By Sector
        1. Banking, Financial Services and Insurance (BFSI)
        2. Retail/E-Commerce
        3. Healthcare
        4. Hospitality/Travel
        5. Logistics and Transportation
        6. Others
      6. By Region
        1. North America
        2. Europe
        3. Asia-Pacific
        4. Latin America
        5. Middle East and Africa
  6. North America Digital Payment Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Offering
      2. By Mode of Payment
      3. By Deployment
      4. By Organization Size
      5. By Sector
      6. By Country
        1. United States
        2. Canada
  7. Europe Digital Payment Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Offering
      2. By Mode of Payment
      3. By Deployment
      4. By Organization Size
      5. By Sector
      6. By Country
        1. Germany
        2. U.K.
        3. Italy
        4. France
        5. Spain
        6. The Netherlands
        7. NORDIC Countries
        8. Rest of Europe
  8. Asia-Pacific Digital Payment Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Offering
      2. By Mode of Payment
      3. By Deployment
      4. By Organization Size
      5. By Sector
      6. By Country
        1. China
        2. Japan
        3. India
        4. South Korea
        5. Australia and New Zealand
        6. Singapore
        7. Thailand
        8. Malaysia
        9. Rest of APAC
  9. Latin America Digital Payment Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Offering
      2. By Mode of Payment
      3. By Deployment
      4. By Organization Size
      5. By Sector
      6. By Country
        1. Brazil
        2. Mexico
        3. Argentina
        4. Peru
        5. Columbia
        6. Rest of LATAM
  10. Middle East & Africa Digital Payment Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Offering
      2. By Mode of Payment
      3. By Deployment
      4. By Organization Size
      5. By Sector
      6. By Country
        1. South Africa
        2. Saudi Arabia
        3. U.A.E.
        4. Iran
        5. Egypt
        6. Turkey
        7. Morocco
        8. Rest of MEA
  11. Competitive Landscape
    1. List of Key Players and their Offerings
    2. Market Share/Ranking Analysis, 2021
    3. Competitive Benchmarking, By Operating Parameters
    4. Competitive Benchmarking, By Product Offering
    5. Key Strategic Developments
  12. Impact of COVID on Global Digital Payment Market
    1. Future Impact
    2. Key Developments during COVID-19
    3. Impact on Market
      1. Different Scenario
      2. Impact on Companies
      3. Impact on the Global Market
  13. Key Projects/Investments by Companies
  14. Price Point Analysis, 2021
  15. Opportunity and Assessment, by Sector (Key Focus Area)
  16. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, SWOT Analysis and Strategic Outlook) *
    1. PayPal Holdings, Inc.,
    2. Fiserv, Inc.,
    3. FIS
    4. Block, Inc. (Formerly Square)
    5. Global Payments Inc.
    6. Stripe, Inc.
    7. Visa
    8. Mastercard Inc.
    9. Worldline
    10. Adyen
    11. ACI Worldwide Inc.
    12. Temenos AG
    13. PayU
    14. JPMorgan Chase & Co.
    15. WEX Inc.
    16. FleetCor Technologies, Inc.
    17. Chime Financial, Inc.
    18. Monese Credit Limited
    19. Monzo Bank Ltd.
    20. The Green Dot Corporation
    21. Axos Bank
    22. Kakao Bank Corporation
    23. N26 GmbH
    24. Revolut Ltd.
    25. Nubank
    26. Social Finance, Inc.
    27. Alau Tecnología Sau
    28. NerdWallet
    29. Kuda Technologies
    30. Eversend
    31. Meem
    32. OPay
    33. Razorpay
    34. Rewire
  17. *Financial details of unlisted companies will be available as per data availability in final deliverable.

    **The segmentation and the companies are subject to modifications based on in-depth secondary study for the final deliverable.

    Key Strategic Recommendations

 

 

 

 

List of Figures

 

Figure 1 Global Digital Payment Segmentation

Figure 2        Global Digital Payment Market Value Chain Analysis

Figure 3        Company Market Share Analysis, 2021

Figure 4        Global Digital Payment Market Size, By Value (USD Million), 2018-2028

Figure 5 Global Digital Payment Market Share, By Offering, By Value, 2018-2028

Figure 6        Global Digital Payment Market Share, By Mode of Payment, By Value, 2018-2028

Figure 7        Global Digital Payment Market Share, By Deployment, By Value, 2018-2028

Figure 8        Global Digital Payment Market Share, By Organization Size, By Value, 2018-2028

Figure 9        Global Digital Payment Market Share, By Sector, By Value, 2018-2028

Figure 10 Global Digital Payment Market Share, By Region, By Value, 2018-2028

Figure 11 North America Digital Payment Market Size, By Value (USD Million), 2018-2028

Figure 12 North America Digital Payment Market Share, By Offering, By Value, 2018-2028

Figure 13 North America Digital Payment Market Share, By Mode of Payment, By Value, 2018-2028

Figure 14 North America Digital Payment Market Share, By Deployment, By Value, 2018-2028

Figure 15 North America Digital Payment Market Share, By Organization Size, By Value, 2018-2028

Figure 16 North America Digital Payment Market Share, By Sector, By Value, 2018-2028

Figure 17 North America Digital Payment Market Share, By Country, By Value, 2018-2028

Figure 18 Europe Digital Payment Market Size, By Value (USD Million), 2018-2028

Figure 19 Europe Digital Payment Market Share, By Offering, By Value, 2018-2028

Figure 20 Europe Digital Payment Market Share, By Mode of Payment, By Value, 2018-2028

Figure 21 Europe Digital Payment Market Share, By Deployment, By Value, 2018-2028

Figure 22 Europe Digital Payment Market Share, By Organization Size, By Value, 2018-2028

Figure 23 Europe Digital Payment Market Share, By Sector, By Value, 2018-2028

Figure 24 Europe Digital Payment Market Share, By Country, By Value, 2018-2028

Figure 25 Asia-Pacific Digital Payment Market Size, By Value (USD Million), 2018-2028

Figure 26 Asia-Pacific Digital Payment Market Share, By Offering, By Value, 2018-2028

Figure 27 Asia-Pacific Digital Payment Market Share, By Mode of Payment, By Value, 2018-2028

Figure 28 Asia-Pacific Digital Payment Market Share, By Deployment, By Value, 2018-2028

Figure 29 Asia-Pacific Digital Payment Market Share, By Organization Size, By Value, 2018-2028

Figure 30 Asia-Pacific Digital Payment Market Share, By Sector, By Value, 2018-2028

Figure 31 Asia-Pacific Digital Payment Market Share, By Country, By Value, 2018-2028

Figure 32 Latin America Digital Payment Market Size, By Value (USD Million), 2018-2028

Figure 33 Latin America Digital Payment Market Share, By Offering, By Value, 2018-2028

Figure 34 Latin America Digital Payment Market Share, By Mode of Payment, By Value, 2018-2028

Figure 35 Latin America Digital Payment Market Share, By Deployment, By Value, 2018-2028

Figure 36 Latin America Digital Payment Market Share, By Organization Size, By Value, 2018-2028

Figure 37 Latin America Digital Payment Market Share, By Sector, By Value, 2018-2028

Figure 38 Latin America Digital Payment Market Share, By Country, By Value, 2018-2028

Figure 39 Middle East and Africa Digital Payment Market Size, By Value (USD Million), 2018-2028

Figure 40 Middle East and Africa Digital Payment Market Share, By Offering, By Value, 2018-2028

Figure 41 Middle East and Africa Digital Payment Market Share, By Mode of Payment, By Value, 2018-2028

Figure 42 Middle East and Africa Digital Payment Market Share, By Deployment, By Value, 2018-2028

Figure 43 Middle East and Africa Digital Payment Market Share, By Organization Size, By Value, 2018-2028

Figure 44 Middle East and Africa Digital Payment Market Share, By Sector, By Value, 2018-2028

Figure 45 Middle East and Africa Digital Payment Market Share, By Country, By Value, 2018-2028

 

List of Tables

 

Table 1 Global Digital Payment Market Size, By Offering, By Value, 2018-2028

Table 2 Global Digital Payment Market Size, By Mode of Payment, By Value, 2018-2028

Table 3 Global Digital Payment Market Size, By Deployment, By Value, 2018-2028

Table 4 Global Digital Payment Market Size, By Organization Size, By Value, 2018-2028

Table 5 Global Digital Payment Market Size, By Sector, By Value, 2018-2028

Table 6 Global Digital Payment Market Size, By Region, By Value, 2018-2028

Table 7 North America Digital Payment Market Size, By Offering, By Value, 2018-2028

Table 8 North America Digital Payment Market Size, By Mode of Payment, By Value, 2018-2028

Table 9 North America Digital Payment Market Size, By Deployment, By Value, 2018-2028

Table 10 North America Digital Payment Market Size, By Organization Size, By Value, 2018-2028

Table 11 North America Digital Payment Market Size, By Sector, By Value, 2018-2028

Table 12 North America Digital Payment Market Size, By Country, By Value, 2018-2028

Table 13 Europe Digital Payment Market Size, By Offering, By Value, 2018-2028

Table 14 Europe Digital Payment Market Size, By Mode of Payment, By Value, 2018-2028

Table 15 Europe Digital Payment Market Size, By Deployment, By Value, 2018-2028

Table 16 Europe Digital Payment Market Size, By Organization Size, By Value, 2018-2028

Table 17 Europe Digital Payment Market Size, By Sector, By Value, 2018-2028

Table 18 Europe Digital Payment Market Size, By Country, By Value, 2018-2028

Table 19 Asia-Pacific Digital Payment Market Size, By Offering, By Value, 2018-2028

Table 20 Asia-Pacific Digital Payment Market Size, By Mode of Payment, By Value, 2018-2028

Table 21 Asia-Pacific Digital Payment Market Size, By Deployment, By Value, 2018-2028

Table 22 Asia-Pacific Digital Payment Market Size, By Organization Size, By Value, 2018-2028

Table 23 Asia-Pacific Digital Payment Market Size, By Sector, By Value, 2018-2028

Table 24 Asia-Pacific Digital Payment Market Size, By Country, By Value, 2018-2028

Table 25 Latin America Digital Payment Market Size, By Offering, By Value, 2018-2028

Table 26 Latin America Digital Payment Market Size, By Mode of Payment, By Value, 2018-2028

Table 27 Latin America Digital Payment Market Size, By Deployment, By Value, 2018-2028

Table 28 Latin America Digital Payment Market Size, By Organization Size, By Value, 2018-2028

Table 29 Latin America Digital Payment Market Size, By Sector, By Value, 2018-2028

Table 30 Latin America Digital Payment Market Size, By Country, By Value, 2018-2028

Table 31 Middle East and Africa Digital Payment Market Size, By Offering, By Value, 2018-2028

Table 32 Middle East and Africa Digital Payment Market Size, By Mode of Payment, By Value, 2018-2028

Table 33 Middle East and Africa Digital Payment Market Size, By Deployment, By Value, 2018-2028

Table 34 Middle East and Africa Digital Payment Market Size, By Organization Size, By Value, 2018-2028

Table 35 Middle East and Africa Digital Payment Market Size, By Sector, By Value, 2018-2028

Table 36 Middle East and Africa Digital Payment Market Size, By Country, By Value, 2018-2028

Table 37 PayPal Holdings, Inc., Company Overview

Table 38 PayPal Holdings, Inc., Financial Overview

Table 39 Fiserv, Inc., Company Overview

Table 40 Fiserv, Inc., Financial Overview

Table 41 FIS Company Overview

Table 42 FIS Financial Overview

Table 43 Block, Inc. Company Overview

Table 44 Block, Inc. Financial Overview

Table 45 Global Payments Inc. Company Overview

Table 46 Global Payments Inc. Financial Overview

Table 47 Stripe, Inc. Company Overview

Table 48 Stripe, Inc. Financial Overview

Table 49 Visa Company Overview

Table 50 Visa Financial Overview

Table 51 Mastercard Inc. Company Overview

Table 52 Mastercard Inc. Financial Overview

Table 53 Worldline Company Overview

Table 54 Worldline Financial Overview

Table 55 Adyen Company Overview

Table 56 Adyen Financial Overview

Table 57 ACI Worldwide Inc. Company Overview

Table 58 ACI Worldwide Inc. Financial Overview

Table 59 Temenos AG Company Overview

Table 60 Temenos AG Financial Overview

Table 61 PayU Company Overview

Table 62 PayU Financial Overview

Table 63 JPMorgan Chase & Co. Company Overview

Table 64 JPMorgan Chase & Co. Financial Overview

Table 65 WEX Inc. Company Overview

Table 66 WEX Inc. Financial Overview

Table 67 FleetCor Technologies, Inc. Company Overview

Table 68 FleetCor Technologies, Inc. Financial Overview

Table 69 Chime Financial, Inc. Company Overview

Table 70 Chime Financial, Inc. Financial Overview

Table 71 Monese Credit Limited Company Overview

Table 72 Monese Credit Limited Financial Overview

Table 73 Monzo Bank Ltd. Company Overview

Table 74 Monzo Bank Ltd. Financial Overview

Table 75 The Green Dot Corporation Company Overview

Table 76 The Green Dot Corporation Financial Overview

Table 77 Axos Bank Company Overview

Table 78 Axos Bank Financial Overview

Table 79 Kakao Bank Corporation Company Overview

Table 80 Kakao Bank Corporation Financial Overview

Table 81 N26 GmbH Company Overview

Table 82 N26 GmbH Financial Overview

Table 83 Revolut Ltd. Company Overview

Table 84 Revolut Ltd. Financial Overview

Table 85 Nubank Company Overview

Table 86 Nubank Financial Overview

Table 87 Social Finance, Inc. Company Overview

Table 88 Social Finance, Inc. Financial Overview

Table 89 Alau Tecnología Sau Company Overview

Table 90 Alau Tecnología Sau Financial Overview

Table 91 NerdWallet Company Overview

Table 92 NerdWallet Financial Overview

Table 93 Kuda Technologies Company Overview

Table 94 Kuda Technologies Financial Overview

Table 95 Eversend Company Overview

Table 96 Eversend Financial Overview

Table 97 Meem Company Overview

Table 98 Meem Financial Overview

Table 99 OPay Company Overview

Table 100 OPay Financial Overview

Table 101 Razorpay Company Overview

Table 102 Razorpay Financial Overview

Table 103 Rewire Company Overview

Table 104 Rewire Financial Overview

Market Segmentation

By Offering

  1. Solution
      • Payment Gateway
      • Processing
      • Payment Wallet
      • Security and Fraud Management
      • Others
  2. Service
  • Professional
  • Managed

By Mode of Payment

  • Digital Currencies
  • Bank Cards
  • Digital Wallets
  • Net Banking
  • Point of Sale
  • Others

By Deployment

  • On-Premise
  • Cloud

By Organization Size

  • Small Enterprises
  • Medium Enterprises
  • Large Enterprises

By Sector

  • Banking, Financial Services and Insurance (BFSI)
  • Retail/E-Commerce
  • Healthcare
  • Hospitality/Travel
  • Logistics and Transportation
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa
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Frequently Asked Questions (FAQs):

Ans: Asia-Pacific has the largest share in the Global Digital Payment market.
Ans: The solution segment accounted for the largest share of the Global Digital Payment Market.
Ans: Global Digital Payment market reached USD 86.5 Billion in 2021.
Ans: The major factors driving the growth of the Global Digital Payment Market are the growing internet connection, continuous upgradation in various digital payment options, and rising adoption of mobile payments due to ease of performing transactions as well as financial inclusion offered by the technology.
Ans: The key players in the Global Digital Payment market are PayPal Holdings, Inc., Fiserv, Inc., FIS, Block, Inc. (Formerly Square), Global Payments Inc., Stripe, Inc., Visa, Mastercard Inc., Worldline, Adyen, ACI Worldwide Inc., Temenos AG, PayU, JPMorgan Chase & Co., WEX Inc., FleetCor Technologies, Inc., Chime Financial, Inc., Monese Credit Limited, Monzo Bank Ltd., The Green Dot Corporation, Axos Bank, Kakao Bank Corporation, N26 GmbH, Revolut Ltd., Nubank, Social Finance, Inc., Alau Tecnologia Sau, NerdWallet, Kuda Technologies, Eversend, Meem, Opay, Razorpay, Rewire, and other prominent players.