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Digital Payment Market Size, Cost Structure, Status and Forecasts to 2027

Increasing demand for digital payment in large enterprises coupled with high investment in R&D of digital payments is fueling the market growth.

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Digital Payment Market Size, Cost Structure, Status and Forecasts to 2027

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  1. Digital Payment Digital Payment Market To Reach Market To Reach USD 10.07 Trillion USD 10.07 Trillion By By 2027 2027

  2. Market Summary 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. 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. 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. www.reportsanddata.com

  3. Market Summary Key Players: Apple Pay, PayPal, Google Pay, PayU, VISA, Paytm, Mastercard, Barclaycard, American Express, Bitcoin. Segmentation: Payment Method Outlook POS Devices Net Banking Digital eWallets Mobile Banking Cryptocurrencies Backend Operation Type Outlook Encryption & Security Management Transaction Risk Management Application Program Interface Payment Gateway Blockchain & Data Mining To avail Copy of the Global Digital Payment Sample Report, Click @ https://www.reportsanddata.com/sample-enquiry-form/1617 www.reportsanddata.com

  4. Market Summary Organization Size Outlook SMEs Large Enterprises End Users Type Outlook Banking & Financial Sectors Hotels & Restaurants eCommerce Retail Corporate Sectors Public Sectors Healthcare Regional Outlook for Digital Payment Market analyses the following geographies: North America (United States, Canada, and Mexico) Europe (Germany, France, UK, Russia, and Italy) Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) South America (Brazil, Argentina, Colombia, etc.) Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa) Avail this report at Attractive Discount rates! Click here to know more @ https://www.reportsanddata.com/discount-enquiry-form/1617 www.reportsanddata.com

  5. The report emphasizes the following key questions: Q.1.What are the most lucrative and promising growth prospects for the market? Q.2.Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement? Q.3.Which geographies are estimated to exhibit the highest growth and the underlying causes? Q.4.Which factors are impacting the future of the market and what are the driving factors? Q.5.What are the hurdles and challenges curtailing the industry’s growth in the forecast period? www.reportsanddata.com

  6. About Us Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our 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. Contact Us: John Watson Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com

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