Digital Payments Market Expected to Grow Globally Through 2022-2030 – Sioux City Catholic Globe

Digital Payments Market is divided by type, payment type, solution type, end-user industry and region. In terms of By type, it is divided into solutions and services. In terms of payment method, the digital payment market is categorized into contact and contactless. Based on solution type is divided into payment processing, payment gateway, payment wallet, POS solution, payment security and fraud management. Based on End User Industry, Digital Payments Market is segmented into Retail, Transportation, Entertainment & Media, and Banking & Finance sectors. Based on Region, Digital Payments Market is in North America, Europe, Middle East & Africa, Asia Pacific and Latin America.

The main factors behind the growth of the digital payment market include initiatives for the digital payment goal, the rapid reproduction of smartphones and the need to provide improved customer service at point-of-purchase terminals. On the other hand, the lack of global standards for cross-border payments is a key factor that is expected to drive the growth of the digital payments market. The increase in the number of digital transactions in emerging economies is expected to increase demand for digital payment services. Asia Pacific has the highest growth rate in the digital payments market.

Depending on the types, the services segment of the digital payments market is anticipated to grow at a high CAGR during the forecast period as compared to the solutions segment. The payment gateway solutions are expected to grow at the highest CAGR during the forecast period compared to the other sub-segments of the solution type.

Some of the leading players in the global digital payments market are MasterCard, Visa, PayPal, Amazon, Google, Freecharge, PhonePe, Samsung Pay, Aurus, BlueSnap and others.

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Scope of the report for the global digital payments market

Global Digital Payments Market by Type

Global digital payments market by means of payment

Global Digital Payments Market, by solution
payment processing
Payment Gateways
payment wallet
POS solution
Payment security and fraud management

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Global digital payment market, payment type
Internet based
o E-wallets & mobile payment applications
o Digital currencies
o Bit Coins
o Net Banking
oh other
bank cards
o Point of Sale (POS) device
o Automatic teller machine (ATM)
Global Digital Payments Market by Service
Professional Services
o Consulting and training services
o System integration and deployment services
o Support and Maintenance Services
Managed Services

Global Digital Payments Market by End User
Telecommunications & Information Technology (IT)
Retail & Ecommerce
Banking, Financial Services and Insurance (BFSI)
Media & Entertainment

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key figures
For free
first data,
world money
Total System Services
ACI worldwide
Global Payments
world line
Six payment services

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