PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1108420
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1108420
Global Digital Payment Market, By Offering By Mode of Payment, By Deployment, By Organization Size, By Sector, By Region, Trend Analysis, Competitive Market Share & Forecast, 2018-2028
Global Digital Payment Market to Grow at a Steady rate during 2022-2028
Global Digital Payment Market is growing at a steady rate because of the growing internet penetration, rapid technology breakthroughs along with the penetration of smartphones which are also encouraging users to go for time-saving, efficient payments solutions and digital marketing…
A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the Global Digital Payment Market was worth USD 86.5 billion in the year 2021. It is estimated to grow at a CAGR of 12.1%, earning revenue of around USD 194.2 billion by the end of 2028. The lucrative growth of the Global Digital Payment Market is attributed to growing advanced technology, and increasing adoption of mobile payment followed by digital wallets and point of sale. Also, the increasing shift toward digital payment among the young generation and emerging e-Commerce platforms offers lucrative growth opportunities in the Global Digital Payment Market. Furthermore, the Global Digital Payment Market is one of the most emerging markets that grow continuously owing to the fast integration of new technologies like the Internet of Things (IoT), artificial intelligence (AI), cloud computing, and others. However, the rising concern of the risk of theft and the lack of global standards for cross-border payments are the major restraining factors for the growth of the Global Digital Payment Market.
Based on Deployment, the Global Digital Payment Market is categorized into On-Premise and Cloud. On-premise segment dominates the market because it allows user testers to work in a stable environment that takes advantage of users existing technology assets. Moreover, based on the 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 digital payment wallet being a secure virtual container of cash that is used to transfer money and make payments. It is categorized into open and closed-loop wallets. Open-loop wallets can be used for POS and money transfers as well as the purchase of goods. This further drives the growth of the Global Digital Payment Market during the forecast period (2022-2028).
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 that 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. Moreover, globally, COVID-19 has imposed significant limitations on people's lives. This has also altered payments made, driven by lifestyle changes. Digital payment soared as word spread through family, friends, and campaigns worldwide. Therefore, across the spectrum, people found ways to live, work, transact and discover the uses of online transactions. Online payment has been providing the backbone for people to access their funds as they need them amidst the pandemic.
The leading market players in the Global Digital Payment Market are PayPal, PayU, Paytm, CCAvenue, Razorpay, Instamojo, Cashfree Payments, EBS, PhonePe, Cred, Zeta, BharatPe, BillDesk, Google Pay, Dhani, BHIM Axis Pay, MobiKwik, Amazon Pay, Yono by SBI, HDFC PayZapp, ICICI Pockets, and other prominent players. The market is highly competitive and fragmented with the presence of various global and regional industry participants. The companies constantly launch new products with advanced features to gain a competitive edge over the market. Multinational corporations also invest in expanding their production capacities to meet the growing demand and boost their market penetration. Furthermore, the adoption of competitive strategies such as partnerships, mergers, acquisitions, joint ventures, etc., is also prominent in this market.
Don't miss the business opportunity in the Global Digital Payment Market. Consult our analysts to gain crucial insights and facilitate your business growth.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the Global Digital Payment Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Global Digital Payment Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
About Us
BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost the performance of your business solutions. BWC has built its reputation from the scratch by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Research Methodology
- 2.1. Qualitative Research
- 2.1.1. Primary & Secondary Research
- 2.2. Quantitative Research
- 2.3. Market Breakdown & Data Triangulation
- 2.3.1. Secondary Research
- 2.3.2. Primary Research
- 2.4. Breakdown of Primary Research Respondents, By Region
- 2.5. Assumption & Limitation
3. Executive Summary
4. Global Digital Payment Market Insights
- 4.1. Industry Value Chain Analysis
- 4.2. DROC Analysis
- 4.2.1. Growth Drivers
- 4.2.2. Restraints
- 4.2.3. Opportunities
- 4.2.4. Challenges
- 4.3. Recent Development/Technological Advancement
- 4.4. Regulatory Framework
- 4.5. Porter's Five Forces Analysis
- 4.5.1. Bargaining Power of Suppliers
- 4.5.2. Bargaining Power of Buyers
- 4.5.3. Threat of New Entrants
- 4.5.4. Threat of Substitutes
- 4.5.5. Intensity of Rivalry
5. Global Digital Payment Market Overview
- 5.1. Market Size & Forecast by Value, 2018-2028
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Offering
- 5.2.1.1. Solution
- 5.2.1.1.1. Payment Gateway
- 5.2.1.1.2. Processing
- 5.2.1.1.3. Payment Wallet
- 5.2.1.1.4. Security and Fraud Management
- 5.2.1.1.5. Others
- 5.2.1.2. Service
- 5.2.1.2.1. Professional
- 5.2.1.2.2. Managed
- 5.2.2. By Mode of Payment
- 5.2.2.1. Digital Currencies
- 5.2.2.2. Bank Cards
- 5.2.2.3. Digital Wallets
- 5.2.2.4. Net Banking
- 5.2.2.5. Point of Sale
- 5.2.2.6. Others
- 5.2.3. By Deployment
- 5.2.3.1. On-Premise
- 5.2.3.2. Cloud
- 5.2.4. By Organization Size
- 5.2.4.1. Small Enterprises
- 5.2.4.2. Medium Enterprises
- 5.2.4.3. Large Enterprises
- 5.2.5. By Sector
- 5.2.5.1. Banking, Financial Services and Insurance (BFSI)
- 5.2.5.2. Retail/E-Commerce
- 5.2.5.3. Healthcare
- 5.2.5.4. Hospitality/Travel
- 5.2.5.5. Logistics and Transportation
- 5.2.5.6. Others
- 5.2.6. By Region
- 5.2.6.1. North America
- 5.2.6.2. Europe
- 5.2.6.3. Asia-Pacific
- 5.2.6.4. Latin America
- 5.2.6.5. Middle East and Africa
- 5.2.1. By Offering
6. North America Digital Payment Market
- 6.1. Market Size & Forecast by Value, 2018-2028
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Offering
- 6.2.2. By Mode of Payment
- 6.2.3. By Deployment
- 6.2.4. By Organization Size
- 6.2.5. By Sector
- 6.2.6. By Country
- 6.2.6.1. United States
- 6.2.6.2. Canada
7. Europe Digital Payment Market
- 7.1. Market Size & Forecast by Value, 2018-2028
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Offering
- 7.2.2. By Mode of Payment
- 7.2.3. By Deployment
- 7.2.4. By Organization Size
- 7.2.5. By Sector
- 7.2.6. By Country
- 7.2.6.1. Germany
- 7.2.6.2. U.K.
- 7.2.6.3. Italy
- 7.2.6.4. France
- 7.2.6.5. Spain
- 7.2.6.6. The Netherlands
- 7.2.6.7. NORDIC Countries
- 7.2.6.8. Rest of Europe
8. Asia-Pacific Digital Payment Market
- 8.1. Market Size & Forecast by Value, 2018-2028
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Offering
- 8.2.2. By Mode of Payment
- 8.2.3. By Deployment
- 8.2.4. By Organization Size
- 8.2.5. By Sector
- 8.2.6. By Country
- 8.2.6.1. China
- 8.2.6.2. Japan
- 8.2.6.3. India
- 8.2.6.4. South Korea
- 8.2.6.5. Australia and New Zealand
- 8.2.6.6. Singapore
- 8.2.6.7. Thailand
- 8.2.6.8. Malaysia
- 8.2.6.9. Rest of APAC
9. Latin America Digital Payment Market
- 9.1. Market Size & Forecast by Value, 2018-2028
- 9.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Offering
- 9.2.2. By Mode of Payment
- 9.2.3. By Deployment
- 9.2.4. By Organization Size
- 9.2.5. By Sector
- 9.2.6. By Country
- 9.2.6.1. Brazil
- 9.2.6.2. Mexico
- 9.2.6.3. Argentina
- 9.2.6.4. Peru
- 9.2.6.5. Columbia
- 9.2.6.6. Rest of LATAM
10. Middle East & Africa Digital Payment Market
- 10.1. Market Size & Forecast by Value, 2018-2028
- 10.1.1. By Value (USD Million)
- 10.2. Market Share & Forecast
- 10.2.1. By Offering
- 10.2.2. By Mode of Payment
- 10.2.3. By Deployment
- 10.2.4. By Organization Size
- 10.2.5. By Sector
- 10.2.6. By Country
- 10.2.6.1. South Africa
- 10.2.6.2. Saudi Arabia
- 10.2.6.3. U.A.E.
- 10.2.6.4. Iran
- 10.2.6.5. Egypt
- 10.2.6.6. Turkey
- 10.2.6.7. Morocco
- 10.2.6.8. Rest of MEA
11. Competitive Landscape
- 11.1. List of Key Players and their Offerings
- 11.2. Market Share/Ranking Analysis, 2021
- 11.3. Competitive Benchmarking, By Operating Parameters
- 11.4. Competitive Benchmarking, By Product Offering
- 11.5. Key Strategic Developments
12. Impact of COVID on Global Digital Payment Market
- 12.1. Future Impact
- 12.2. Key Developments during COVID-19
- 12.3. Impact on Market
- 12.3.1. Different Scenario
- 12.3.2. Impact on Companies
- 12.3.3. 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) *
- 16.1. PayPal Holdings, Inc.,
- 16.2. Fiserv, Inc.,
- 16.3. FIS
- 16.4. Block, Inc. (Formerly Square)
- 16.5. Global Payments Inc.
- 16.6. Stripe, Inc.
- 16.7. Visa
- 16.8. Mastercard Inc.
- 16.9. Worldline
- 16.10. Adyen
- 16.11. ACI Worldwide Inc.
- 16.12. Temenos AG
- 16.13. PayU
- 16.14. JPMorgan Chase & Co.
- 16.15. WEX Inc.
- 16.16. FleetCor Technologies, Inc.
- 16.17. Chime Financial, Inc.
- 16.18. Monese Credit Limited
- 16.19. Monzo Bank Ltd.
- 16.20. The Green Dot Corporation
- 16.21. Axos Bank
- 16.22. Kakao Bank Corporation
- 16.23. N26 GmbH
- 16.24. Revolut Ltd.
- 16.25. Nubank
- 16.26. Social Finance, Inc.
- 16.27. Alau Tecnologia Sau
- 16.28. NerdWallet
- 16.29. Kuda Technologies
- 16.30. Eversend
- 16.31. Meem
- 16.32. OPay
- 16.33. Razorpay
- 16.34. Rewire
17. 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 Tecnologia Sau Company Overview
- Table 90 Alau Tecnologia 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
