Digital Payment Market - Industry Insights, Drivers, Top Trends, Global Analysis And Forecast
                     Digital Payment Market - Industry Insights, Drivers, 
Top Trends, Global Analysis And Forecast
Digital Payment Market, By Deployment Model (On Premises, Cloud), Offering 
(Solutions, Services), Organization Size (Large Enterprises, Small & Medium Enterprises 
(SMEs)), Mode of Payment (Payment Cards, Point of Sale, Unified Payments Interface 
(UPI) Service, Mobile Payment, Online Payment), Mode of Usage (Mobile Application, 
Desktop/Web Browser), Technology (Application Programming Interface (API), Data 
Analytics and ML, Digital Ledger Technology (DLT), AI and IoT, Biometric 
Authentication), Use Case (Person (P/C), Merchant/ Business, Government), End User 
(Commercial, Consumer), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of 
South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, 
Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, 
Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, 
South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast 
to 2028.
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Report Description
Digital payment market will reach at an estimated value of USD 244.61 billion and grow 
at a CAGR of 18.85% in the forecast period of 2021 to 2028. Increasing trend of digital 
banking is an essential factor driving the digital payment market.
Digital payment is a type of transaction which takes place via digital or online modes, 
with no physical exchange of money involved. This means that both parties, the payee 
and the payer, use electronic mediums to exchange money. Digital payment is helping 
BFSI to get digitalized rapidly and digitalization of BFSI sector is allowing digital payment 
market to grow at higher rate.
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tal-payment-market
 
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Major Key Players
Some of the major players operating in this market are : 
• ACI Worldwide, Inc
• PayPal Holdings, Inc.
• Novatti Group Pty Ltd
• Global Payments Inc.
• Visa, Stripe
• Google (A Subsidiary of Alphabet Inc.)
• Finastra
• SAMSUNG
• Amazon Web Services, Inc. 
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Market Segmentation
• By Deployment Model (On Premises, Cloud)
• By Mode of Payment (Payment Cards, Point of Sale, Unified Payments 
Interface (UPI) Service, Mobile Payment, Online Payment)
• By End User (Commercial, Consumer)
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Regional Analysis
Based on geography, the market is segmented into five geographical 
regions
      North America
       Europe
       Asia-Pacific
       South America
       Middle East 
       Africa
5
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