Mobile Point -of-Sale transactions comprise of the Point-of-Sale payment process with the help of smart phone apps such as Amazon Pay, Apple Pay and several others. The transaction in this form is made by the contactless or distant interaction or communication of the smartphone application with an appropriate payment mode going to the merchant.
Market Dynamics:
Policy makers in the developed and the developing countries are being tangled in offering the required regulatory frameworks and the infrastructure to assist in the development is expected to drive the growth of the global digital payments market. Moreover, the central banks of the US, Bahrain, France and many more countries have approved the particular initiative to liberalize the digital payment services.
The rising standardization and interoperability in the international trade transactions amidst the huge priorities for the official regulatory such as an initiative is the ISO 20022 texts the international trade transactions, the level of the data exchange in between the financial institutions via electronic mode and the delays in it is expected to hinder the growth of the global digital payments market.
The conversion from the traditional POS terminals to the incorporation of new ways and techniques such as combination of the technologies such as AI and ML, is anticipated to ensure an endless experience from the end users journey. POS process combine with the technologies can inform the trade to fulfill replenish the stock and supply investments to regarding the evolving customers. Such developments are expected to offer lucrative opportunities to the global digital payments market.
Key features of the study:
- This report provides in-depth analysis of the global digital payments market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2022-2030), considering 2021 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global digital payments market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Major companies operating in the global digital payments market are Wordplay Inc. (Fidelity National Information Services), PayPal Holdings Inc., MasterCard Incorporated (MasterCard), Stripe Inc., Alphabet Inc., Fiserv Inc., Visa Inc., Alipay.com Co. Ltd, Amazon Payments Inc. (Amazon.com Inc.), Paytm (One97 Communications limited), Apple Inc. and Mobiamo Inc.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global digital payment market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global digital payment market.
Detailed Segmentation:
- Global Digital Payments Market, By Mode of Payment:
- Point of Sale
- Online Sale
- Global Digital Payments Market, By End-User Industry:
- Retail
- Entertainment
- Healthcare
- Hospitality
- Other End-user Industries
- Global Digital Payments Market, By Geography:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa