Digital Payment Market Size, Share, Report, Analysis, Trends & Forecast to 2026

According to Stratistics MRC, the Global Digital Payment Market is accounted for $34.65 billion in 2017 and is expected to reach $168.65 billion by 2026 growing at a CAGR of 19.2% during the forecast period.

Gaithersburg, Maryland, United States - January 2, 2019 /MarketersMedia/ —

The increasing adoption of smartphones & e-commerce applications and the changing consumer trend are propelling the market growth. However the chances of frauds in transactions are restraining the market.

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A digital payment is a mode of payments that are carried out using digitally electronic gadgets such as smartphones, tablets and computers etc to purchase good s and services. The digital payments are different from physical cash or cheques and operate directly from bank accounts & servers. This type of payments is considered safe and reliable as they does not have chance of physical damage or theft and can be used from wherever possible easily with all the required updates. In recent days, governments are framing necessary rules and regulations to completely adopt digital payments due to its accountability.

By means of payment, the contact less payment systems are type of payments that does not require the phone number of the personnel but is rather depended upon other sources like smartcards, debit & credit cards and other wallet cards that make use of near field communication or radio-frequency identification (RFID) to make safe & secure payments. The sources are basically equipped with embedded chip and antenna that help in carry the transactions.

Among geography, North America is expected to have a huge growth rate due to the maximum adoption of mobile commerce and internet. In addition the presence of various key digital payment vendors enhance the market by increasing the usability and interests among the common people.

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Some of the key players in the Digital Payment market are Google LLC., Amazon.com, Inc., Apple Inc., Mastercard Incorporated, Visa Inc., First Data, Paypal, Worldpay, Wirecard, Fiserv, Chetu, Total System Services (TSYS), Novatti, ACI Worldwide, Global Payments, Bluesnap, Paysafe, Worldline, Wex and Six Payment Services.

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Means of Payments Covered:
• Contact-less Payment Methods
• Contact Payment methods

Types Covered:
• Services
• Solutions

Mode of Payments Covered:
• Internet Based
• Bank Cards

Deployment Modes Covered:
• Cloud
• On-Premises

Organisation Sizes Covered:
• Large Enterprises
• Small & Medium Enterprises (SMEs)

End Users Covered:
• Telecom & Information Technology (IT)
• Retail & E-Commerce
• Banking, Financial Services, and Insurance (BFSI)
• Media & Entertainment
• Healthcare
• Transportation
• Government
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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About Stratistics MRC
We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

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