The Latin America, Middle East and Africa Digital Payment Market is expected to witness market growth of 22.6% CAGR during the forecast period (2020-2026).
Many countries around the globe adopt ICT technologies in order to promote digital economies. Various governments are taking initiative to digitalize the Payment process. Digital Payment solutions are among the primary growth essentials for any country’s economy. It helps in increasing productivity & economic growth, raise tax revenue, enhance transparency, extend financial inclusion and create new opportunities for the end-users. The Government of India has introduced numerous initiatives to support the promotion of digital Payments. Initiatives like Digital India, the introduction of Unified Payments Interface (UPI), and the helpline number help in the shift towards digital Payments.
The rising usage of smartphones in various activities and the increasing number of mobile users are contributing to the growth of the market. With the increasing digitalization across the world, people are opting for more digital ways of doing activities that earlier were done manually. The increasing penetration of the internet & digital literacy has together contributed to the increasing utilization of digital Payment solutions. Smartphones are considered as one of the essential and common smart devices which can perform various functions.
Based on Component, the market is segmented into Solutions and Services. Solutions Segment is further bifurcated across Payment Processing, Payment Gateway, Application Program Interface, Transaction Risk Management, Payment Security & Fraud Management and Others. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End User, the market is segmented into BFSI, Retail & eCommerce, Transportation & Logistics, Healthcare, Telecom & IT, Media & Entertainment and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The Brazil market dominated the LAMEA Transportation & Logistics Digital Payments Market by Country 2019, and is expected to continue to be a dominant market till 2026. The Argentina market is expected to witness a CAGR of 24.5% during (2020 - 2026). Additionally, The UAE market is showcasing a CAGR of 23.4% during (2020 - 2026).
The Solutions market dominated the South Africa Digital Payments Market by Component 2019, thereby, achieving a market value of $1,722.6 million by 2026. The Services market is expected to exhibit a CAGR of 25.9% during (2020 - 2026).
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Fidelity Information Services (FIS), Inc., Fiserv, Inc., PayPal Holdings, Inc. (eBay), Visa, Inc., Mastercard, Inc., Apple, Inc., Naspers Limited (PayU Group), Adyen N.V., Square, Inc., and Global Payments, Inc.
Scope of the Study
Market Segments covered in the Report:
By Component
By Deployment Type
By Enterprise Size
By End User
By Country
Companies Profiled
Unique Offerings from the Publisher
Many countries around the globe adopt ICT technologies in order to promote digital economies. Various governments are taking initiative to digitalize the Payment process. Digital Payment solutions are among the primary growth essentials for any country’s economy. It helps in increasing productivity & economic growth, raise tax revenue, enhance transparency, extend financial inclusion and create new opportunities for the end-users. The Government of India has introduced numerous initiatives to support the promotion of digital Payments. Initiatives like Digital India, the introduction of Unified Payments Interface (UPI), and the helpline number help in the shift towards digital Payments.
The rising usage of smartphones in various activities and the increasing number of mobile users are contributing to the growth of the market. With the increasing digitalization across the world, people are opting for more digital ways of doing activities that earlier were done manually. The increasing penetration of the internet & digital literacy has together contributed to the increasing utilization of digital Payment solutions. Smartphones are considered as one of the essential and common smart devices which can perform various functions.
Based on Component, the market is segmented into Solutions and Services. Solutions Segment is further bifurcated across Payment Processing, Payment Gateway, Application Program Interface, Transaction Risk Management, Payment Security & Fraud Management and Others. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End User, the market is segmented into BFSI, Retail & eCommerce, Transportation & Logistics, Healthcare, Telecom & IT, Media & Entertainment and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The Brazil market dominated the LAMEA Transportation & Logistics Digital Payments Market by Country 2019, and is expected to continue to be a dominant market till 2026. The Argentina market is expected to witness a CAGR of 24.5% during (2020 - 2026). Additionally, The UAE market is showcasing a CAGR of 23.4% during (2020 - 2026).
The Solutions market dominated the South Africa Digital Payments Market by Component 2019, thereby, achieving a market value of $1,722.6 million by 2026. The Services market is expected to exhibit a CAGR of 25.9% during (2020 - 2026).
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Fidelity Information Services (FIS), Inc., Fiserv, Inc., PayPal Holdings, Inc. (eBay), Visa, Inc., Mastercard, Inc., Apple, Inc., Naspers Limited (PayU Group), Adyen N.V., Square, Inc., and Global Payments, Inc.
Scope of the Study
Market Segments covered in the Report:
By Component
- Solutions
- Payment Processing
- Payment Gateway
- Application Program Interface
- Transaction Risk Management
- Payment Security & Fraud Management
- Others
- Services
By Deployment Type
- On-premise
- Cloud
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
By End User
- BFSI
- Retail & eCommerce
- Transportation & Logistics
- Healthcare
- Telecom & IT
- Media & Entertainment
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Companies Profiled
- Fidelity Information Services (FIS), Inc.
- Fiserv, Inc.
- PayPal Holdings, Inc. (eBay)
- Visa, Inc.
- Mastercard, Inc.
- Apple, Inc.
- Naspers Limited (PayU Group)
- Adyen N.V.
- Square, Inc.
- Global Payments, Inc.
Unique Offerings from the Publisher
- Exhaustive coverage
- Highest number of market tables and figures
- Subscription based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. LAMEA Digital Payment Market by Component
Chapter 5. LAMEA Digital Payment Market by Deployment Type
Chapter 6. LAMEA Digital Payment Market by Enterprise Size
Chapter 7. LAMEA Digital Payment Market by End User
Chapter 8. LAMEA Digital Payment Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Fidelity Information Services (FIS), Inc.
- Fiserv, Inc.
- PayPal Holdings, Inc. (eBay)
- Visa, Inc.
- Mastercard, Inc.
- Apple, Inc.
- Naspers Limited (PayU Group)
- Adyen N.V.
- Square, Inc.
- Global Payments, Inc.
Methodology
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