Digital Payment Market Growth, Competitors Analysis and Business Opportunities 2020-2027

1. Digital Payment Market To Reach USD 10.07 Trillion By 2026

2. Market Summary Increasing demand for digital payment in large enterprises coupled with high investment in R&D 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..

3. Our Approach 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. Request for a sample of this research report @ https://www.reportsanddata.com/sample-enquiry-form/1617

4. Our Approach 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

5. Our Approach 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

6. Our Approach 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 Order Now: https://www.reportsanddata.com/checkout-form/1617

7. About Us Our Approach Our Approach About Us 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