The Digital Payment Market size was valued at USD 92.67 Billion in 2023 and the total Digital Payment revenue is expected to grow at a CAGR of 14.89% from 2024 to 2030, reaching nearly USD 244.86 Billion by 2030.Digital Payment Market Overview:
Digital payments are payments made through digital or online channels that do not entail the exchange of actual currency. This type of payment, also known as an electronic payment (e-payment), is the transfer of value from one payment account to another in which both the payer and the payee utilize a digital device such as a mobile phone, computer, or credit, debit, or prepaid card. A firm or an individual might be the payer and payee. This means that in order for digital payments to take place, both the payer and the payee must have a bank account, an online banking method, a device from which to make the payment, and a medium of transmission, which means they must have signed up to a payment provider or an intermediary such as a bank or a service provider. UPI, NEFT, AEPS, mobile wallets, and PoS terminals are all examples of digital payment methods. UPI is the most popular method in digital payment market, with transactions exceeding USD 1 trillion in value. The switch to digital payments and receipts offers some obvious advantages, particularly for small enterprises. Consumers and companies are now expecting digital payments to be accessible for faster and more secure payments with no risk or fees. The payer possesses a mobile phone, which allows for further validation by fingerprint or other verification or biometric approach, so reducing risk. Going cashless has various advantages for commercial transactions as well. Cash management is no longer required, lowering the danger of theft and lowering the expense of security and storage majorly drives the growth of digital payment market. Digital payments are frequently faster transactions, resulting in shorter lines and boosting the customer's in-store experience. Thus, customer convenience drives purchases. A clear trail is accessible for easy accounting, assisting in the simplification of operations and tax compliance.To know about the Research Methodology :- Request Free Sample ReportDigital Payment Market Dynamics
Initiatives for the Promotion of Digital Payments: Countries worldwide are leveraging ICT technology to enhance the Digital Payment Market, with governments actively pursuing initiatives to automate payment processes. The Digital Payment Market stands out as a crucial driver for economic growth in nations, offering the potential to elevate productivity, enhance transparency, and boost tax revenue, foster financial inclusion, and present users with expanded economic choices. In India, the government has taken several steps to incentivize Digital Payments, including the Digital India initiative, the introduction of the Unified Payments Interface (UPI), and the establishment of the 14444-helpline number, all serving as catalysts for the shift towards the market. These endeavours play a pivotal role in advancing Digitalization and spreading awareness regarding the advantages of embracing new technologies in the market. Similarly, countries such as Singapore and Australia have embarked on diverse Digital Payment projects. The Monetary Authority of Singapore (MAS) actively encourages consumers and businesses to embrace Digital Financial Services and ePayments in the Digital Payment Market. This recommendation gained prominence in response to the COVID-19 pandemic, aiming to implement heightened safety measures, including limiting visits to Financial Institutions' premises and further driving the market forward.Rapid Decline in Unbanked Population: A significant portion of the global population resides in rural and remote areas, facing challenges related to connectivity and digital literacy, particularly in the underserved Digital Payment Market. Recognizing the value of extending financial services to this vast population, governments, development organizations, and private-sector entities are now focusing on bridging this gap within the market. Consequently, more individuals in rural and isolated areas are gaining access to financial services, marking a notable expansion within the market. Governments initiated various projects to connect these populations, aiming to promote financial inclusion within the Digital Payment Market. In India, for example, the World Bank's 2018 data showed that approximately 190 million individuals lacked bank accounts, highlighting the existing gaps within the Digital Payment Market. However, due to concerted efforts and initiatives by the Indian government, the percentage of people with bank accounts increased from 53% in 2014 to 80% in 2017, showcasing a positive transformation within the market. Moreover, according to the MMR findings, the global percentage of adults with bank accounts rose from 61% in 2014 to 69% in 2018, indicating a broader reach within the Digital Payment Market. Digital payments played a crucial role in expanding the reach of bank accounts within the market, as the payment bank feature enabled individuals to create and operate accounts using mobile phones, even in remote areas. The adoption of digital wallets significantly impacted financial inclusion within the market, contributing to a decline in the number of unbanked individuals worldwide. This trend created an opportune environment for digital payment companies to expand their client base within the evolving Digital Payment Market. Evolving Cyber Attacks on Digital Payments Cyber-attacks present a substantial obstacle to the growth of the Digital Payment Market, constituting the most severe challenges faced by the payment sector in an extended period. The escalating use of Digital Payment Systems also introduces cybersecurity threats such as cyber theft and fraud within the market. The acceptance of payment technologies and their integration into enterprises has sparked concerns regarding privacy, theft, and regulatory compliance within the market. Businesses grapple with the impact of emerging cyber assaults utilizing mobile malware to infiltrate Digital Payment Systems and pilfer cardholder data. Evolving scams, including friendly fraud, affiliate fraud, botnets, phishing, velocity attacks, and triangulation, further compound the risks within the Digital Payment Market. As per the Central Statistics Office (CSO), the annual loss from cyber assaults is expected to reach USD six trillion by 2022, a significant increase from USD three trillion in 2015, indicating potential financial ramifications for the Digital Payment Market. Additionally, the Association for Financial Professionals (AFP) Payments Fraud and Control Survey Report for 2020 revealed that over 81% of global firms experienced cyber assaults in 2019, highlighting the pervasive nature of these threats within the Digital Payment Market. Consequently, the heightened frequency of cyber assaults is expected to impede the widespread adoption of Digital Payment Systems. Furthermore, in line with the 2018 AFP Payments Fraud and Control Survey Report, more than 86% of firms encountered cyber-attacks, underscoring the persistent challenges faced by the market. Thus, the escalating instances of cyber assaults are foreseen to hinder the adoption of Digital Payment Systems and services. Lack of Global Standards for Cross-Border Payments: Year after year (YoY), the volume of cross-border commerce has been on the rise, with more companies engaging in the purchase of products and services from around the world. Despite this growth, digital payment providers within the Digital Payment Market face challenges in capitalizing on this potential, primarily due to the absence of global payment systems that offer user-friendly simplicity within the Digital Payment Market, the lack of standardized global practices within the market, and varying government restrictions in different nations affecting the market. Cross-border payments within the Digital Payment Market are hindered by diverse payment rules and data storage requirements that vary from country to country, leading to inefficiencies within the market. Moreover, the domestic payment infrastructure is ill-suited for handling cross-border transactions in the market. Over the past few decades, several countries within the Digital Payment Market have developed both high- and low-value payment systems, each based on proprietary communication and security standards within the Digital Payment Market. However, as these payment systems evolve independently within the market, there is a growing need for standardization and automation across inter-bank and intra-bank networks spanning different nations within the Digital Payment Market. This lack of standardization and automation has adverse effects on banks and businesses within the Digital Payment Market, often requiring direct intervention for the collection and restoration of data within the market. Intra-bank transactions within the Digital Payment Market enable major banks with subsidiaries and branches to transfer funds to destination nations within the market, where beneficiaries are either promptly credited in their foreign operation accounts within the market, or payments are routed to their banks through bilateral transfers or national clearing and settlement procedures within the Digital Payment Market.Digital Payment Market Segment Analysis
Based on deployment, in 2023, the on-premise segment dominated the market, accounting for about 65.0 % of global revenue. Digital payment solutions that are deployed on-premise give businesses complete control over their apps and systems, which can be easily controlled by their IT team. Organizations also utilize on-premise digital payment solutions to protect their apps and systems from harmful threats. Microsoft, for example, announced a partnership with ACI Global in November 2019. ACI World wide’s on-premises customers benefited from the collaboration, which included lower long-term capital expenditure and greater security. Based on end-user, in 2023, the BFSI sector dominated the market, accounting for more than 23.0 % of global revenue. Over the forecast period, an increase in remittances to low- and middle-income nations is likely to be one of the primary factors driving new market growth prospects. In order to compete with digital payment solution providers such as Google, Amazon, and Facebook, banks are also enhancing their capabilities. In June 2019, Bank of America, for example, launched a digital debit card to make life easier for its clients.Digital Payment Market Regional Analysis
In 2023, North America asserted its dominance in the global Digital Payment Market, commanding over 34.0% of total sales. The regional Digital Payment Market experienced a surge, driven by factors like increased deployment and technological advancements in smart parking meters. An illustrative example is the collaboration between ParkMobile, a market parking solution provider, and EasyPark, a facilities service provider, in July 2020. This partnership facilitated contactless payments across Vancouver, contributing to the regional Digital Payment Market boost. Additionally, the United States witnessed a rise in unmanned establishments, further fueling the demand for Digital Payment Market solutions. Ahold Delhaize, a Dutch supermarket chain, exemplified this trend in November 2019 by establishing a cashier-less shop in the United States, contributing to the diversification of the Digital Payment Market. Europe is poised for significant growth throughout the forecast period, with banks in the region actively working on a European Digital Payment Market initiative to establish a unified payments system for retailers and customers across the area. Such initiatives are expected to create new development prospects for the market in the coming years. Moreover, the Italian government's digital drive to expand electronic payments is acting as a catalyst for regional Digital Payment Market growth. In the Asia-Pacific region, digital wallets have emerged as the most popular payment option for both e-commerce and point-of-sale (POS) transactions within the Digital Payment Market. During the forecast period, it is expected that digital wallet payments will constitute three-quarters of e-commerce payment methods and over half of POS payments in the Asia-Pacific market. Although the transaction value of e-commerce payments currently surpasses that of POS payments within the market, this discrepancy is projected to narrow in the future years. Additionally, digital remittances, while a relatively small portion of market transactions, hold significance for many Asian customers who value the ability to send money to family and friends. The Asia-Pacific Digital Payment Market area is predicted to experience rapid growth during the forecast period, showcasing diverse markets in terms of Digital Payment Market usage rate, user demographics, and preferred payment methods. China stands out in the Asia-Pacific Digital Payment Market region, boasting the highest number of digital payment users and the greatest mobile proximity payment penetration rate. In the last year, China recorded over 3,000 billion US dollars in Digital Payment Market transactions, with digital wallets dominating both e-commerce and POS payments. Other notable contributors to the market in the Asia-Pacific region include Japan, South Korea, and India. In Japan and South Korea, credit cards lead as the most popular payment method for both e-commerce and POS purchases within the market. In contrast, India predominantly relies on cash for POS transactions, while digital wallets take precedence in e-commerce transactions within the Digital Payment Market. Notably, more mature markets such as South Korea, Japan, and New Zealand have witnessed a higher adoption of digital payments among their older population, showcasing the evolving landscape across diverse Digital Payment Market economies.Digital Payment Market Scope: Inquiry Before Buying
Digital Payment Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 92.67 Bn. Forecast Period 2024 to 2030 CAGR: 14.89% Market Size in 2030: US $ 244.86 Bn. Segments Covered: by Component Solution Service by Deployment Cloud On-premise by Vertical BFSI Media & Entertainment IT & Telecommunication Hospitality Healthcare Digital Payment Market by Region:
North America (United States, Canada, and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, and the Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan, and the Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria, and the Rest of ME&A) South America (Brazil, Argentina Rest of South America)Digital Payment Market Key Players:
North America: 1. Total System Services, Inc. 2. PayPal Holdings Inc 3. ACI Worldwide Inc 4. Dwolla 5. FattMerchant 6. FIS and Fiserv 7. Intuit 8. JPMorgan Chase 9. Square 10. Stripe 11. Visa and Mastercard Europe: 1. Wirecard AG. 2. Novetti Group Limited 3. Adyen N.V. 4. Aurus 5. Worldline 6. Checkout Asia Pacific: 1. Lianta Payments 2. Alipay 3. PayU Global: 1. Apple Pay 2. Paysafe 3. PayTrace 4. Spreedly 5. WEXFAQs:
1. Which region has the largest share in Global Digital Payment Market? Ans: North America region holds the highest share in 2023. 2. What is the growth rate of Global Digital Payment Market? Ans: The Global market is growing at a CAGR of 14.89% during forecasting period 2024-2030. 3. What segments are covered in Global Digital Payment market? Ans: Global market is segmented into Component, Deployment, Vertical and region. 4. Who are the key players in Global Digital Payment market? Ans: The important key players in the Global market are – Total System Services, Inc.;, Wirecard AG;, Novetti Group Limited;, PayPal Holdings Inc.;, ACI Worldwide Inc.;, Adyen N.V., Aurus, Aliant Payments, 5. What is the study period of this market? Ans: The Global market is studied from 2023 to 2030.
1. Digital Payment Market: Research Methodology 2. Digital Payment Market Introduction 2.1. Study Assumption and Market Definition 2.2. Scope of the Study 2.3. Executive Summary 3. Digital Payment Market: Dynamics 3.1. Digital Payment Market Trends by Region 3.1.1. North America Digital Payment Market Trends 3.1.2. Europe Digital Payment Market Trends 3.1.3. Asia Pacific Digital Payment Market Trends 3.1.4. Middle East and Africa Digital Payment Market Trends 3.1.5. South America Digital Payment Market Trends 3.2. Digital Payment Market Dynamics by Region 3.2.1. North America 3.2.1.1. North America Digital Payment Market Drivers 3.2.1.2. North America Digital Payment Market Restraints 3.2.1.3. North America Digital Payment Market Opportunities 3.2.1.4. North America Digital Payment Market Challenges 3.2.2. Europe 3.2.2.1. Europe Digital Payment Market Drivers 3.2.2.2. Europe Digital Payment Market Restraints 3.2.2.3. Europe Digital Payment Market Opportunities 3.2.2.4. Europe Digital Payment Market Challenges 3.2.3. Asia Pacific 3.2.3.1. Asia Pacific Digital Payment Market Drivers 3.2.3.2. Asia Pacific Digital Payment Market Restraints 3.2.3.3. Asia Pacific Digital Payment Market Opportunities 3.2.3.4. Asia Pacific Digital Payment Market Challenges 3.2.4. Middle East and Africa 3.2.4.1. Middle East and Africa Digital Payment Market Drivers 3.2.4.2. Middle East and Africa Digital Payment Market Restraints 3.2.4.3. Middle East and Africa Digital Payment Market Opportunities 3.2.4.4. Middle East and Africa Digital Payment Market Challenges 3.2.5. South America 3.2.5.1. South America Digital Payment Market Drivers 3.2.5.2. South America Digital Payment Market Restraints 3.2.5.3. South America Digital Payment Market Opportunities 3.2.5.4. South America Digital Payment Market Challenges 3.3. PORTER’s Five Forces Analysis 3.4. PESTLE Analysis 3.5. Deployment Roadmap 3.6. Regulatory Landscape by Region 3.6.1. North America 3.6.2. Europe 3.6.3. Asia Pacific 3.6.4. Middle East and Africa 3.6.5. South America 3.7. Key Opinion Leader Analysis For Digital Payment Market 3.8. Analysis of Government Schemes and Initiatives For Digital Payment Market 3.9. The Global Pandemic Impact on Digital Payment Market 4. Digital Payment Market: Global Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 4.1. Digital Payment Market Size and Forecast, by Component (2023-2030) 4.1.1. Solution 4.1.2. Services 4.2. Digital Payment Market Size and Forecast, by Deployment (2023-2030) 4.2.1. Cloud 4.2.2. On-premise 4.3. Digital Payment Market Size and Forecast, by Vertical (2023-2030) 4.3.1. BFSI 4.3.2. Media & Entertainment 4.3.3. IT & Telecommunication 4.3.4. Hospitality 4.3.5. Healthcare 4.4. Digital Payment Market Size and Forecast, by Region (2023-2030) 4.4.1. North America 4.4.2. Europe 4.4.3. Asia Pacific 4.4.4. Middle East and Africa 4.4.5. South America 5. North America Digital Payment Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 5.1. North America Digital Payment Market Size and Forecast, by Component (2023-2030) 5.1.1. Solution 5.1.2. Services 5.2. North America Digital Payment Market Size and Forecast, by Deployment (2023-2030) 5.2.1. Cloud 5.2.2. On-premise 5.3. North America Digital Payment Market Size and Forecast, by Vertical (2023-2030) 5.3.1. BFSI 5.3.2. Media & Entertainment 5.3.3. IT & Telecommunication 5.3.4. Hospitality 5.3.5. Healthcare 5.4. North America Digital Payment Market Size and Forecast, by Country (2023-2030) 5.4.1. United States 5.4.1.1. United States Digital Payment Market Size and Forecast, by Component (2023-2030) 5.4.1.1.1. Solution 5.4.1.1.2. Services 5.4.1.2. United States Digital Payment Market Size and Forecast, by Deployment (2023-2030) 5.4.1.2.1. Cloud 5.4.1.2.2. On-premise 5.4.1.3. United States Digital Payment Market Size and Forecast, by Vertical (2023-2030) 5.4.1.3.1. BFSI 5.4.1.3.2. Media & Entertainment 5.4.1.3.3. IT & Telecommunication 5.4.1.3.4. Hospitality 5.4.1.3.5. Healthcare 5.4.2. Canada 5.4.2.1. Canada Digital Payment Market Size and Forecast, by Component (2023-2030) 5.4.2.1.1. Solution 5.4.2.1.2. Services 5.4.2.2. Canada Digital Payment Market Size and Forecast, by Deployment (2023-2030) 5.4.2.2.1. Cloud 5.4.2.2.2. On-premise 5.4.2.3. Canada Digital Payment Market Size and Forecast, by Vertical (2023-2030) 5.4.2.3.1. BFSI 5.4.2.3.2. Media & Entertainment 5.4.2.3.3. IT & Telecommunication 5.4.2.3.4. Hospitality 5.4.2.3.5. Healthcare 5.4.3. Mexico 5.4.3.1. Mexico Digital Payment Market Size and Forecast, by Component (2023-2030) 5.4.3.1.1. Solution 5.4.3.1.2. Services 5.4.3.2. Mexico Digital Payment Market Size and Forecast, by Deployment (2023-2030) 5.4.3.2.1. Cloud 5.4.3.2.2. On-premise 5.4.3.3. Mexico Digital Payment Market Size and Forecast, by Vertical (2023-2030) 5.4.3.3.1. BFSI 5.4.3.3.2. Media & Entertainment 5.4.3.3.3. IT & Telecommunication 5.4.3.3.4. Hospitality 5.4.3.3.5. Healthcare 6. Europe Digital Payment Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 6.1. Europe Digital Payment Market Size and Forecast, by Component (2023-2030) 6.2. Europe Digital Payment Market Size and Forecast, by Deployment (2023-2030) 6.3. Europe Digital Payment Market Size and Forecast, by Vertical (2023-2030) 6.4. Europe Digital Payment Market Size and Forecast, by Country (2023-2030) 6.4.1. United Kingdom 6.4.1.1. United Kingdom Digital Payment Market Size and Forecast, by Component (2023-2030) 6.4.1.2. United Kingdom Digital Payment Market Size and Forecast, by Deployment (2023-2030) 6.4.1.3. United Kingdom Digital Payment Market Size and Forecast, by Vertical (2023-2030) 6.4.2. France 6.4.2.1. France Digital Payment Market Size and Forecast, by Component (2023-2030) 6.4.2.2. France Digital Payment Market Size and Forecast, by Deployment (2023-2030) 6.4.2.3. France Digital Payment Market Size and Forecast, by Vertical (2023-2030) 6.4.3. Germany 6.4.3.1. Germany Digital Payment Market Size and Forecast, by Component (2023-2030) 6.4.3.2. Germany Digital Payment Market Size and Forecast, by Deployment (2023-2030) 6.4.3.3. Germany Digital Payment Market Size and Forecast, by Vertical (2023-2030) 6.4.4. Italy 6.4.4.1. Italy Digital Payment Market Size and Forecast, by Component (2023-2030) 6.4.4.2. Italy Digital Payment Market Size and Forecast, by Deployment (2023-2030) 6.4.4.3. Italy Digital Payment Market Size and Forecast, by Vertical (2023-2030) 6.4.5. Spain 6.4.5.1. Spain Digital Payment Market Size and Forecast, by Component (2023-2030) 6.4.5.2. Spain Digital Payment Market Size and Forecast, by Deployment (2023-2030) 6.4.5.3. Spain Digital Payment Market Size and Forecast, by Vertical (2023-2030) 6.4.6. Sweden 6.4.6.1. Sweden Digital Payment Market Size and Forecast, by Component (2023-2030) 6.4.6.2. Sweden Digital Payment Market Size and Forecast, by Deployment (2023-2030) 6.4.6.3. Sweden Digital Payment Market Size and Forecast, by Vertical (2023-2030) 6.4.7. Austria 6.4.7.1. Austria Digital Payment Market Size and Forecast, by Component (2023-2030) 6.4.7.2. Austria Digital Payment Market Size and Forecast, by Deployment (2023-2030) 6.4.7.3. Austria Digital Payment Market Size and Forecast, by Vertical (2023-2030) 6.4.8. Rest of Europe 6.4.8.1. Rest of Europe Digital Payment Market Size and Forecast, by Component (2023-2030) 6.4.8.2. Rest of Europe Digital Payment Market Size and Forecast, by Deployment (2023-2030) 6.4.8.3. Rest of Europe Digital Payment Market Size and Forecast, by Vertical (2023-2030) 7. Asia Pacific Digital Payment Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 7.1. Asia Pacific Digital Payment Market Size and Forecast, by Component (2023-2030) 7.2. Asia Pacific Digital Payment Market Size and Forecast, by Deployment (2023-2030) 7.3. Asia Pacific Digital Payment Market Size and Forecast, by Vertical (2023-2030) 7.4. Asia Pacific Digital Payment Market Size and Forecast, by Country (2023-2030) 7.4.1. China 7.4.1.1. China Digital Payment Market Size and Forecast, by Component (2023-2030) 7.4.1.2. China Digital Payment Market Size and Forecast, by Deployment (2023-2030) 7.4.1.3. China Digital Payment Market Size and Forecast, by Vertical (2023-2030) 7.4.2. S Korea 7.4.2.1. S Korea Digital Payment Market Size and Forecast, by Component (2023-2030) 7.4.2.2. S Korea Digital Payment Market Size and Forecast, by Deployment (2023-2030) 7.4.2.3. S Korea Digital Payment Market Size and Forecast, by Vertical (2023-2030) 7.4.3. Japan 7.4.3.1. Japan Digital Payment Market Size and Forecast, by Component (2023-2030) 7.4.3.2. Japan Digital Payment Market Size and Forecast, by Deployment (2023-2030) 7.4.3.3. Japan Digital Payment Market Size and Forecast, by Vertical (2023-2030) 7.4.4. India 7.4.4.1. India Digital Payment Market Size and Forecast, by Component (2023-2030) 7.4.4.2. India Digital Payment Market Size and Forecast, by Deployment (2023-2030) 7.4.4.3. India Digital Payment Market Size and Forecast, by Vertical (2023-2030) 7.4.5. Australia 7.4.5.1. Australia Digital Payment Market Size and Forecast, by Component (2023-2030) 7.4.5.2. Australia Digital Payment Market Size and Forecast, by Deployment (2023-2030) 7.4.5.3. Australia Digital Payment Market Size and Forecast, by Vertical (2023-2030) 7.4.6. Indonesia 7.4.6.1. Indonesia Digital Payment Market Size and Forecast, by Component (2023-2030) 7.4.6.2. Indonesia Digital Payment Market Size and Forecast, by Deployment (2023-2030) 7.4.6.3. Indonesia Digital Payment Market Size and Forecast, by Vertical (2023-2030) 7.4.7. Malaysia 7.4.7.1. Malaysia Digital Payment Market Size and Forecast, by Component (2023-2030) 7.4.7.2. Malaysia Digital Payment Market Size and Forecast, by Deployment (2023-2030) 7.4.7.3. Malaysia Digital Payment Market Size and Forecast, by Vertical (2023-2030) 7.4.8. Vietnam 7.4.8.1. Vietnam Digital Payment Market Size and Forecast, by Component (2023-2030) 7.4.8.2. Vietnam Digital Payment Market Size and Forecast, by Deployment (2023-2030) 7.4.8.3. Vietnam Digital Payment Market Size and Forecast, by Vertical (2023-2030) 7.4.9. Taiwan 7.4.9.1. Taiwan Digital Payment Market Size and Forecast, by Component (2023-2030) 7.4.9.2. Taiwan Digital Payment Market Size and Forecast, by Deployment (2023-2030) 7.4.9.3. Taiwan Digital Payment Market Size and Forecast, by Vertical (2023-2030) 7.4.10. Rest of Asia Pacific 7.4.10.1. Rest of Asia Pacific Digital Payment Market Size and Forecast, by Component (2023-2030) 7.4.10.2. Rest of Asia Pacific Digital Payment Market Size and Forecast, by Deployment (2023-2030) 7.4.10.3. Rest of Asia Pacific Digital Payment Market Size and Forecast, by Vertical (2023-2030) 8. Middle East and Africa Digital Payment Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 8.1. Middle East and Africa Digital Payment Market Size and Forecast, by Component (2023-2030) 8.2. Middle East and Africa Digital Payment Market Size and Forecast, by Deployment (2023-2030) 8.3. Middle East and Africa Digital Payment Market Size and Forecast, by Vertical (2023-2030) 8.4. Middle East and Africa Digital Payment Market Size and Forecast, by Country (2023-2030) 8.4.1. South Africa 8.4.1.1. South Africa Digital Payment Market Size and Forecast, by Component (2023-2030) 8.4.1.2. South Africa Digital Payment Market Size and Forecast, by Deployment (2023-2030) 8.4.1.3. South Africa Digital Payment Market Size and Forecast, by Vertical (2023-2030) 8.4.2. GCC 8.4.2.1. GCC Digital Payment Market Size and Forecast, by Component (2023-2030) 8.4.2.2. GCC Digital Payment Market Size and Forecast, by Deployment (2023-2030) 8.4.2.3. GCC Digital Payment Market Size and Forecast, by Vertical (2023-2030) 8.4.3. Nigeria 8.4.3.1. Nigeria Digital Payment Market Size and Forecast, by Component (2023-2030) 8.4.3.2. Nigeria Digital Payment Market Size and Forecast, by Deployment (2023-2030) 8.4.3.3. Nigeria Digital Payment Market Size and Forecast, by Vertical (2023-2030) 8.4.4. Rest of ME&A 8.4.4.1. Rest of ME&A Digital Payment Market Size and Forecast, by Component (2023-2030) 8.4.4.2. Rest of ME&A Digital Payment Market Size and Forecast, by Deployment (2023-2030) 8.4.4.3. Rest of ME&A Digital Payment Market Size and Forecast, by Vertical (2023-2030) 9. South America Digital Payment Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 9.1. South America Digital Payment Market Size and Forecast, by Component (2023-2030) 9.2. South America Digital Payment Market Size and Forecast, by Deployment (2023-2030) 9.3. South America Digital Payment Market Size and Forecast, by Vertical (2023-2030) 9.4. South America Digital Payment Market Size and Forecast, by Country (2023-2030) 9.4.1. Brazil 9.4.1.1. Brazil Digital Payment Market Size and Forecast, by Component (2023-2030) 9.4.1.2. Brazil Digital Payment Market Size and Forecast, by Deployment (2023-2030) 9.4.1.3. Brazil Digital Payment Market Size and Forecast, by Vertical (2023-2030) 9.4.2. Argentina 9.4.2.1. Argentina Digital Payment Market Size and Forecast, by Component (2023-2030) 9.4.2.2. Argentina Digital Payment Market Size and Forecast, by Deployment (2023-2030) 9.4.2.3. Argentina Digital Payment Market Size and Forecast, by Vertical (2023-2030) 9.4.3. Rest Of South America 9.4.3.1. Rest Of South America Digital Payment Market Size and Forecast, by Component (2023-2030) 9.4.3.2. Rest Of South America Digital Payment Market Size and Forecast, by Deployment (2023-2030) 9.4.3.3. Rest Of South America Digital Payment Market Size and Forecast, by Vertical (2023-2030) 10. Global Digital Payment Market: Competitive Landscape 10.1. MMR Competition Matrix 10.2. Competitive Landscape 10.3. Key Players Benchmarking 10.3.1. Company Name 10.3.2. Service Segment 10.3.3. End-user Segment 10.3.4. Revenue (2022) 10.3.5. Company Locations 10.4. Leading Digital Payment Market Companies, by Market Capitalization 10.5. Market Structure 10.5.1. Market Leaders 10.5.2. Market Followers 10.5.3. Emerging Players 10.6. Mergers and Acquisitions Details 11. Company Profile: Key Players 11.1. Total System Services, Inc. 11.1.1. Company Overview 11.1.2. Business Portfolio 11.1.3. Financial Overview 11.1.4. SWOT Analysis 11.1.5. Strategic Analysis 11.1.6. Scale of Operation (Small, Medium, and Large) 11.1.7. Details on Partnership 11.1.8. Regulatory Accreditations and Certifications Received by Them 11.1.9. Awards Received by the Firm 11.1.10. Recent Developments 11.2. Wirecard AG 11.3. Novetti Group Limited 11.4. PayPal Holdings Inc. 11.5. ACI Worldwide Inc. 11.6. Adyen N.V. 11.7. Aurus 11.8. liant Payments 11.9. lipay 11.10. Apple Pay 11.11. Dwolla 11.12. FattMerchant 11.13. FIS 11.14. Fiserv 11.15. Global Payments 11.16. Intuit 11.17. JPMorgan Chase 11.18. Mastercard 11.19. PayPal 11.20. Paysafe 11.21. PayTrace 11.22. PayU 11.23. Spreedly 11.24. Square 11.25. Stripe 11.26. Visa 11.27. WEX 11.28. Worldline 11.29. Checkout. 12. Key Findings 13. Industry Recommendations