According to a new market research report published by Global Insight Services ” Digital Payment Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Digital Payment Market technology is a system that allows for the electronic transfer of funds between two parties. This can be done via a number of methods, including credit cards, debit cards, and online banking platforms. This type of system is convenient for both businesses and consumers, as it eliminates the need for paper money and coins. It also offers a degree of security, as the funds are transferred directly between banks or other financial institutions.
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Key Players
- 2Checkout
- Aliant Payments
- Aurus Inc.
- Adyen
- Financial Software & Systems
- PayPal Holdings Inc.
- Novatti Group Pty Ltd.
- ACI Worldwide Inc.
Key Trends and Drivers
The digital payments market is growing rapidly as consumers and businesses alike are increasingly adopting digital payment methods. This shift is being driven by the many advantages that digital payments offer over traditional payment methods, such as convenience, speed, security, and lower transaction costs.
One of the most important trends in the digital payments market is the increasing adoption of mobile payments. Mobile devices are becoming increasingly ubiquitous, and as such, they offer a convenient and easy-to-use platform for making digital payments. In addition, many businesses are now offering mobile payment options to their customers, which is further driving the adoption of this payment method.
Market Segments
By Solution
- Application Program Interface
- Payment Gateway
- Payment Processing
- Payment Security & Fraud Management
- Transaction Risk Management
- Others
By Mode Of Payment
- Bank Cards
- Digital Currencies
- Digital Wallets
- Net Banking
- Point of Sales
- Others
By Deployment
- Cloud
- On-Premise
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
By End-User
- BFSI
- Healthcare
- IT & Telecom
- Media & Entertainment
- Retail & E-commerce
- Transportation
- Others
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Reasons to buy Digital Payment Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
About Global Insight Services:
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needs. With GIS, you can be assured of the quality of the deliverables, robust
& transparent research methodology, and superior service.
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