Digital Payment Market

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Digital Payment Market To Reach USD 10.07
Trillion By 2026
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Market Summary
Increasing demand for digital payment in large
enterprises coupled with high investment in RD
of digital payments is fueling the market
growth. Market Size USD 10.07 Trillion in
2018, Market Growth - CAGR of 14.3, Market
Trends Increase in demand for digital payments
in banking financial sectors..
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Our Approach
Market Summary

• The Global Digital Payment Market is forecast to
  reach USD 10.07 Trillion by 2026, according to a
  new report by Reports and Data. The Digital
  Payment market is rising rapidly in the global
  market owing to the proliferation of global
  digitalization coupled with a cashless economy,
  and high, increasing rate of internet
  availability with active users. Digital Payment
  market includes all the method of payments done
  digitally to refrain from regular paper-cash
  payments.
• In the year 2018, Point-of-Sale (POS) Devices
  segment has witnessed the highest market demand.
  POS devices are used by numerous end-users such
  as retail markets, hotels, bar, and restaurants,
  among others where the transactions are done via
  debit, credit, and ATM or mobile NFC technology.
  Apart from offline digitalization, the massive
  adoption rate of online payments segments like
  mobile banking and cryptocurrencies will
  stimulate the digital payment market growth at a
  significant pace in the forthcoming years.
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Our Approach
Market Summary

• Further key findings from the report suggest
• Amongst end users, banking financial sectors
  segment is likely to continue being the dominator
  of the market with almost 22.0 of market
  possession and would grow with a CAGR of 15.1 by
  2026. Banking financial sectors are the core
  participator of this market. Apart from their
  operational exercise with digital payment, most
  of the other end users while using any digital
  transactions are backed by the banking
  financial segment, thus gaining them the highest
  market share amongst the other segment of digital
  payment market.
• Point-of-Sale (POS) Devices segment held the
  largest market share of 56.4 in 2018. POS
  devices are further segmented into Contactless
  Near Field Communication (NFC) Transactions in
  which the NFC enabled cards and devices are
  placed closer to complete the transaction without
  inserting the card into the vending machine while
  in the other way the debit or credit cards are
  inserted for the purchase. Apple Pay and Samsung
  Pay are two examples of NFC transactions. VISA
  cards now mostly come with NFC inbuilt.
• Mobile Banking is the process of a direct
  transaction from the bank account to the merchant
  gateway via a third party application. This
  segment needs the highest level of encryptions as
  there is no intermediate process involved in
  between the two gateways. The difference between
  net banking and mobile banking is that net
  banking can be done only on the respective bank
  website and on the other hand mobile banking
  doesn't need the bank account website for the
  transaction. The CAGR is 25.2 by 2026 for this
  segment.
• To identify the key trends in the industry, click
  on the link below https//www.reportsanddata.com/
  report-detail/digital-payment-market

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Our Approach
Market Summary

• Key participants include Apple Pay, PayPal,
  Google Pay, PayU, VISA, Paytm, Mastercard,
  Barclaycard, American Express, Bitcoin.
• For the purpose of this report, Reports and Data
  have segmented the global digital payment market
  on the basis of payment method, backend
  operation, organization size, end users, and
  region
• Payment Method Outlook (Revenue, USD Billion
  2016-2026)
• POS Devices
• Net Banking
• Digital eWallets
• Mobile Banking
• Cryptocurrencies
• Backend Operation Type Outlook (Revenue, USD
  Billion 2016-2026)
• Encryption Security Management
• Transaction Risk Management
• Application Program Interface
• Payment Gateway
• Blockchain Data Mining

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Our Approach
Market Summary

• Organization Size Outlook (Revenue, USD Billion
  2016-2026)
• SMEs
• Large Enterprises
• End Users Type Outlook (Revenue, USD Billion
  2016-2026)
• Banking Financial Sectors
• Hotels Restaurants
• eCommerce
• Retail
• Corporate Sectors
• Public Sectors
• Healthcare
• Transportation Telecommunication
• Others
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About Us
Our Approach
About Us

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  research offerings to ensure our clients are
  aware about the latest trends existent in the
  market. Reports and Data has a strong base of
  experienced analysts from varied areas of
  expertise.
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