A new offering by Absolute Markets Insights entitled Global Digital Payment Market offers in-depth insights, revenue details, and SWOT analysis which will help the organization to identify Strengths, Weaknesses, Opportunities, and Threats related to business competition. The report offers insightful and detailed information regarding the various key vendors operating in the Global Digital Payment Market, their financials, supply chain trends, technological innovations, future strategies, key developments, acquisitions and mergers. The Global Digital Payment Market report has been segmented on the basis of product type, service type, organization size, and region.
In terms of revenue, global digital payment market was valued at US$ 874 Mn in 2020 growing at a CAGR of 22.7% over the forecast period.
The evolution of the payment industry in the last couple of years has been remarkable. The on-going digital revolution has disrupted the banking industry. The customer demands for any time anywhere payment complimented by smartphones internet connectivity and non-physical interfaces is fuelling the growth of the digital payment market globally. Fintech companies are continuously exploring new technologies to facilitate seamless payment processing. The current COVID-19 crisis has highlighted the need for real-time and new digital payment services. Chances of currency notes being a hotbed for the deadly virus, having potential to transfer the infection, has uplifted the demand for contactless payment. Contactless payment methods require eliminated the need for physical interaction and are more secure therefore; the consumers are increasingly opting for alternative mode of payments, such as digital wallets in this duration. An India-based digital payment giant Paytm has witnessed a 20% jump in the number of digital transactions since February 2020. Moreover, Digital payment transaction volume is surging since consumers confined to their homes are turning to digital purchasing channels, while simultaneously various merchants are increasingly partnering with digital payment vendors to automate their transaction mechanism. Thus, the frictionless payment in this time of pandemic is amplifying the growth of the digital payment market.
Access Research Report of Global Digital Payment Market@ https://www.absolutemarketsinsights.com/reports/Global-Digital-Payment-Market-2019-2027-545
The report offers a latest study about the current worldwide market development strategy, past and post covid-19 situation, by upcoming trends and drivers. The report on Global Digital Payment Market offers qualitative along with quantitative study in terms of competition scenarios, market dynamics, opportunity analysis, market growth, industrial chain. The report provides key statistics on the market status of the Global Digital Payment Market key players such as Adyen, Alipay.com, Amazon Payments, Inc., Apple Inc., Authorize.Net, Boku Inc., Digital River, Inc., First Data Corporation, Global Collect Services USA, Inc, Google LLC, PayPal, Inc., Stripe, Tencent, TransferWise Ltd, Wirecard AG and is a valuable source of guidance and direction for companies and individuals interested in the Global Digital Payment Market.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward-looking perspective on different factors driving or restraining market growth
- It provides a technological growth to understand the industry growth rate
- It helps in understanding the key product segments and their future
- It provides in-depth analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides characteristic graphics and represented SWOT analysis of major market segments
Impact of COVID-19:
The COVID 19 pandemic situation includes extensive analysis of key trend, application and kinds. The coronavirus epidemic perspective of varied market and geographic segments. Therefore, the report offers their market position and presence within the global market.
Segmentation of Global Digital Payment Market:
- By Type
- Domestic
- International
- By End User
- Enterprises
- Individuals
- By Mode of Payment
- E-Wallet
- Internet Banking
- Bank Cards
- Digital Currency
- Others
- By Region
- North America
- S
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Related Reports@
https://www.absolutemarketsinsights.com/reports/Data-Lakes-Market-2019-2027-271
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