Digital Payments Market 2020-2026

Global Digital Payments Market Size, Share & Trends Analysis Report By Method (Account-to-Account Real-Time Payment (A2A RTP), Internet Banking, Mobile Payments, and Others), By Vertical (BFSI, Retail and E-commerce, IT and Telecommunications, and Others), Forecast 2020-2026
The global digital payments market is anticipated to grow significantly during the forecast period. Digital payment also known as electronic payment is a type of payment done using digital modes. The digital payment market is driven considerably by a recent surge in the promotion of digital modes of payments. Digital payment methods are economical as most of them are transaction free since the providers do not charge any kind of service fee or processing fee for their services.

The global digital payments market is segmented based on method, type, and verticals. Based on the method, the market is sub-segmented into account-to-account real-time payment (A2A RTP), internet banking, mobile payments, and others. Based on vertical, the market is sub-segmented into BFSI, retail & e-commerce, IT & telecommunications, and others. BFSI segment is estimated to hold a prominent share in the market.

Geographically, the study of the global digital payments market report covers the analysis of four major regions including North America (the US and Canada), Europe (UK, Germany, Italy, Spain, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), and the Rest of the World. Asia-Pacific is estimated to exhibit a significant growth rate in the global digital payments market during the forecast period. Further, North America is expected to hold a significant share in the market owing to the presence of developed IT infrastructure of the region which supports the digital payments.

Moreover, the study of the global digital payments market report covers the analysis of various players operating in the market. Some of the key players covered in the report include Visa Inc., Fiserv Inc., Wirecard AG, Net1 UEPS Technologies, Inc., YapStone, Inc., PayPal Holdings Inc., PayU Payments Private Ltd., Mastercard International Incorporated, Amazon Payments, Inc., American Express Banking Corp., Worldline, BlueSnap, Inc., and others. The market players are considerably contributing to market growth by adopting various strategies to stay competitive in the market.

Research Methodology

The market study of the global digital payments market is incorporated by extensive primary and secondary research. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook.

In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to the reports.

Secondary Sources Include:

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for digital payment service providers, financial & banking firms, software vendors, cloud-based service providers, government organizations, and other market participants for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, products offered by the companies, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.

Market Segmentation:

1. Global Digital Payments Market Research and Analysis by Method
2. Global Digital Payments Market Research and Analysis by Vertical

The Report Covers

• Comprehensive research methodology of the global digital payments market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global digital payments market.
• Insights about market determinants which are stimulating the global digital payments market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.