Digital Payment Solutions Market is seeing solid development on the account of an increasing demand around the globe. In addition, the recent advancements have additionally helped in the growth of the market.
Digital Payment Solutions Market Report Description:
A Digital payment solution incorporates advanced security features. Transaction passwords, PINs, and biometric authentication are crucial components of a secure mobile wallet. Furthermore, it offers a number of benefits besides security. For example, instant KYC compliance ensures higher transaction limits and a lower risk of fraud. It also ensures easier onboarding by allowing users to register easily. With this payment solution, users can pay bills, rent, and mortgages through their mobile phones. Key players in the Digital Payment Solution Market are PayPal, Fiserv, FIS, Global Payments, Square, VISA, MasterCard, Citibank, AT&T, and others.
Growing adoption of smartphones and internet-enabled devices is driving the growth of the Digital Payment Solution market. The increasing availability of various mobile wallet applications on smartphones is rising usage of digital wallet applications which is again projected to foster market growth. For instance, in December 2021, Primepay, a digital payment platform provider, has launched Primo wallet in other to provide seamless digital financial services for easy payment for individuals and corporate clients.
North America is expected to gain significant growth over the forecast period owing to the growing digitalization across banks and other financial institutions. For instance, in March 2022, Sila Inc., a fintech software platform that provides payment infrastructure as a service, announced the launch of a new product called Virtual Accounts. Virtual Accounts are digital wallets with dedicated account and routing numbers that integrate seamlessly with the U.S. banking system.
Key Developments:
- In December 2018, Zomato announced that it is working on building its very own digital payments and mobile wallet solution as the company attempts to hook users into its ecosystem, following in the footsteps of its larger internet peers such as Ola, Flipkart and Amazon
- In March 2021, Axis Bank has stepped up its game in the contactless payments segment by launching its own range of wearable contactless payment devices, thus, making payments truly on the go and convenient for its customers
- In September 2021, PayPal introduces new features and services, adding access to high yield savings, in-app shopping tools, deals and rewards, up to two-day early access to Direct Deposit, and bill pay
- In July 2021, Comviva, the global marketer in mobility solutions, announced the launch of mobiquity® Pay X, its next-generation digital wallet and payment platform.
Scope of the Digital Payment Solutions Market:
Regional assessment of the Digital Payment Solutions Market has been carried out over six key regions which include North America, Asia-pacific, Europe, Latin America, the Middle East, and Africa. The report also constitutes recent development undertaken by key players in the market which includes new product launches, partnerships, mergers, acquisitions, and other latest developments. Moreover, the report also delivers deep insights on the ongoing research & development activities, revenue, innovative services, the actual status of demand and supply, and pricing strategy. In addition to this, this report also delivers details on consumption figures, export/import supply, and gross margin by region. In short, this report provides a valuable source of guidance and clear direction for the marketer and the part interested in the market.
Global Digital Payment Solutions Market: Competitive Landscape
The market analysis entails a section solely dedicated to major players in the Global Digital Payment Solutions Market wherein our analysts provide an insight into the financial statements of all the major players along with its key developments in product benchmarking and SWOT analysis. The company profile section also includes a business overview and financial information. The companies that are provided in this section can be customized according to the client’s requirements.
Major players operating in the global Digital Payment Solutions Market include,
- First Data
- Worldpay
- Chetu
- Paypal
- Wirecard
- Fiserv
- Total System Services (TSYS)
- Novatti
- Global Payments
- Bluesnap
- ACI Worldwide
- Paysafe
- Six Payment Services
- Worldline
- Wex
- Dwolla
- Payu
- Yapstone
- Stripe
- Adyen
- Net 1 UEPS Technologies
- Financial Software and Systems (FSS)
- Authorize.Net
- Aurus
- Aliant Payment Systems
The report covers segment analysis:
Segmentation Based On Type -
- Payment Gateway Solutions
- Payment Wallet Solutions
- Payment Processing Solutions
- Payment Security and Fraud Management Solutions
- POS Solutions
- Other
Segmentation Based On Applications -
- MNOs
- Financial Institutions (Banks)
- Payment Network
- Intermediaries
- Merchants
- Customers
Market Opportunity:
- Rising R&D activities among market players can provide lucrative growth opportunities in the global Digital Payment Solutions Market in the near future.
- Latest developments in the global Digital Payment Solutions Market can provide major business opportunities over the forecast period.
Impact of COVID-19:
The COVID-19 pandemic has impacted numerous industries around the globe. This report covers the impact of covid-19 on the Digital Payment Solutions Market and predicts the market to grow steadily over 2021-2028. Our research shows that outperformers seek growth in every dimension which is core expansion, geography, up and down the value chain, and in adjacent spaces. As the pandemic spreads, the growth of the global Digital Payment Solutions Market is reevaluated and our latest research, perspectives, and insights on the market are mentioned in the report.
Report Highlights:
The Global Digital Payment Solutions Market is widely partitioned and reliant on the predictable updates in the enhancement of parameters like quality, trustworthiness, end customer solicitations, applications, and others. The Global Digital Payment Solutions Market report contains general successful parameters, and confinements, and besides has in detail illumination of the noteworthy data close by the present and future examples that may concern the advancement.
Center of the Digital Payment Solutions Market Report:
- Market estimation and future projection of the Digital Payment Solutions Market
- Important Emerging trends and future opportunities in the Digital Payment Solutions Market
- Leading region and segment. Why?
- Key vendors active in the market and analysis of their growth strategies
- Competitive benchmarking with their major share in the market
- Locating the exact position of the demand and supply in the Digital Payment Solutions Market
Research Methodology:
The research methodology is comprised of four steps namely secondary research, primary research, market estimation, and final presentation. At the inception of secondary research, extensive data is collected, which is refined and verified with reliable sources. The primary research starts with the validation of data processed in the secondary research.
Goal of the Research:
- The report provides an all-inclusive environment for the analysis of the market
- In-depth secondary research and primary interviews
- Impact of various social, political, and economic factors
- Porter’s Five Forces Analysis
- Competitive Landscape
Finally, the Digital Payment Solutions Market report measures the feasibility of new investment projects and presents an overall research conclusion. Moreover, the Digital Payment Solutions Market report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Digital Payment Solutions Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Digital Payment Solutions Market Share by Application: 2021 VS 2028
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Digital Payment Solutions Market
1.6.1 How the Covid-19 is Affecting the Digital Payment Solutions Market
1.6.1.1 Digital Payment Solutions Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Digital Payment Solutions Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Global Growth Trends by Regions
2.1 Digital Payment Solutions Market Perspective (2015-2028)
2.2 Digital Payment Solutions Market Growth Trends by Regions
2.2.1 Digital Payment Solutions Market Size by Regions: 2015 VS 2021 VS 2028
2.2.2 Digital Payment Solutions Market Historic Market Share by Regions (2015-2021)
2.2.3 Digital Payment Solutions Market Forecasted Market Size by Regions (2021-2028)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Digital Payment Solutions Market Growth Strategy
2.3.6 Primary Interviews with Key Digital Payment Solutions Market Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Digital Payment Solutions Market Players by Market Size
3.1.1 Global Top Digital Payment Solutions Market Players by Revenue (2015-2021)
3.1.2 Global Digital Payment Solutions Market Revenue Market Share by Players (2015-2021)
3.1.3 Global Digital Payment Solutions Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Digital Payment Solutions Market Concentration Ratio
3.2.1 Global Digital Payment Solutions Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Digital Payment Solutions Market Revenue in 2019
3.3 Digital Payment Solutions Market Key Players Head office and Area Served
3.4 Key Players Digital Payment Solutions Market Product Solution and Service
3.5 Date of entering into Digital Payment Solutions Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2028)
4.1 Global Digital Payment Solutions Market Historic Market Size by Type (2015-2021)
4.2 Global Digital Payment Solutions Market Forecasted Market Size by Type (2021-2028)
5 Digital Payment Solutions Market Breakdown Data by Application (2015-2028)
5.1 Global Digital Payment Solutions Market Size by Application (2015-2021)
5.2 Global Digital Payment Solutions Market Forecasted Market Size by Application (2021-2028)
6 North America
6.1 North America Digital Payment Solutions Market Size (2015-2021)
6.2 Digital Payment Solutions Market Key Players in North America (2019-2021)
6.3 North America Digital Payment Solutions Market Size by Type (2015-2021)
6.4 North America Digital Payment Solutions Market Size by Application (2015-2021)
7 Europe
7.1 Europe Digital Payment Solutions Market Size (2015-2021)
7.2 Digital Payment Solutions Market Key Players in Europe (2019-2021)
7.3 Europe Digital Payment Solutions Market Size by Type (2015-2021)
7.4 Europe Digital Payment Solutions Market Size by Application (2015-2021)
8 China
8.1 China Digital Payment Solutions Market Size (2015-2021)
8.2 Digital Payment Solutions Market Key Players in China (2019-2021)
8.3 China Digital Payment Solutions Market Size by Type (2015-2021)
8.4 China Digital Payment Solutions Market Size by Application (2015-2021)
9 Japan
9.1 Japan Digital Payment Solutions Market Size (2015-2021)
9.2 Digital Payment Solutions Market Key Players in Japan (2019-2021)
9.3 Japan Digital Payment Solutions Market Size by Type (2015-2021)
9.4 Japan Digital Payment Solutions Market Size by Application (2015-2021)
10 Southeast Asia
10.1 Southeast Asia Digital Payment Solutions Market Size (2015-2021)
10.2 Digital Payment Solutions Market Key Players in Southeast Asia (2019-2021)
10.3 Southeast Asia Digital Payment Solutions Market Size by Type (2015-2021)
10.4 Southeast Asia Digital Payment Solutions Market Size by Application (2015-2021)
11 India
11.1 India Digital Payment Solutions Market Size (2015-2021)
11.2 Digital Payment Solutions Market Key Players in India (2019-2021)
11.3 India Digital Payment Solutions Market Size by Type (2015-2021)
11.4 India Digital Payment Solutions Market Size by Application (2015-2021)
12 Central & South America
12.1 Central & South America Digital Payment Solutions Market Size (2015-2021)
12.2 Digital Payment Solutions Market Key Players in Central & South America (2019-2021)
12.3 Central & South America Digital Payment Solutions Market Size by Type (2015-2021)
12.4 Central & South America Digital Payment Solutions Market Size by Application (2015-2021)
13 Key Players Profiles
13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Digital Payment Solutions Market Introduction
13.4 Digital Payment Solutions Market Business (2015-2021)
13.5 Recent Development
14 Analyst's Viewpoints/Conclusions
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details
List of Table
Table 1. Digital Payment Solutions Market Key Market Segments
Table 2. Key Players Covered: Ranking by Digital Payment Solutions Market Revenue
Table 3. Ranking of Global Top Digital Payment Solutions Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Digital Payment Solutions Market Size Growth Rate by Type (US$ Million): 2021 VS 2028
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Digital Payment Solutions Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Digital Payment Solutions Market Players to Combat Covid-19 Impact
Table 10. Global Digital Payment Solutions Market Size Growth by Application (US$ Million): 2021 VS 2028
Table 11. Global Digital Payment Solutions Market Size by Regions (US$ Million): 2021 VS 2028
Table 12. Global Digital Payment Solutions Market Size by Regions (2015-2021) (US$ Million)
Table 13. Global Digital Payment Solutions Market Share by Regions (2015-2021)
Table 14. Global Digital Payment Solutions Market Forecasted Market Size by Regions (2021-2028) (US$ Million)
Table 15. Global Digital Payment Solutions Market Share by Regions (2021-2028)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Digital Payment Solutions Market Growth Strategy
Table 20. Main Points Interviewed from Key Digital Payment Solutions Market Players
Table 21. Global Digital Payment Solutions Market Revenue by Players (2015-2021) (Million US$)
Table 22. Global Digital Payment Solutions Market Share by Players (2015-2021)
Table 23. Global Top Digital Payment Solutions Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Digital Payment Solutions Market as of 2019)
Table 24. Global Digital Payment Solutions Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Digital Payment Solutions Market Product Solution and Service
Table 27. Date of entering into Digital Payment Solutions Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Digital Payment Solutions Market Size by Type (2015-2021) (Million US$)
Table 30. Global Digital Payment Solutions Market Size Share by Type (2015-2021)
Table 31. Global Digital Payment Solutions Market Revenue Market Share by Type (2021-2028)
Table 31. Global Digital Payment Solutions Market Size Share by Application (2015-2021)
Table 33. Global Digital Payment Solutions Market Size by Application (2015-2021) (Million US$)
Table 34. Global Digital Payment Solutions Market Size Share by Application (2021-2028)
Table 35. North America Key Players Digital Payment Solutions Market Revenue (2019-2021) (Million US$)
Table 36. North America Key Players Digital Payment Solutions Market Share (2019-2021)
Table 37. North America Digital Payment Solutions Market Size by Type (2015-2021) (Million US$)
Table 38. North America Digital Payment Solutions Market Share by Type (2015-2021)
Table 39. North America Digital Payment Solutions Market Size by Application (2015-2021) (Million US$)
Table 40. North America Digital Payment Solutions Market Share by Application (2015-2021)
Table 41. Europe Key Players Digital Payment Solutions Market Revenue (2019-2021) (Million US$)
Table 42. Europe Key Players Digital Payment Solutions Market Share (2019-2021)
Table 43. Europe Digital Payment Solutions Market Size by Type (2015-2021) (Million US$)
Table 44. Europe Digital Payment Solutions Market Share by Type (2015-2021)
Table 45. Europe Digital Payment Solutions Market Size by Application (2015-2021) (Million US$)
Table 46. Europe Digital Payment Solutions Market Share by Application (2015-2021)
Table 47. China Key Players Digital Payment Solutions Market Revenue (2019-2021) (Million US$)
Table 48. China Key Players Digital Payment Solutions Market Share (2019-2021)
Table 49. China Digital Payment Solutions Market Size by Type (2015-2021) (Million US$)
Table 50. China Digital Payment Solutions Market Share by Type (2015-2021)
Table 51. China Digital Payment Solutions Market Size by Application (2015-2021) (Million US$)
Table 52. China Digital Payment Solutions Market Share by Application (2015-2021)
Table 53. Japan Key Players Digital Payment Solutions Market Revenue (2019-2021) (Million US$)
Table 54. Japan Key Players Digital Payment Solutions Market Share (2019-2021)
Table 55. Japan Digital Payment Solutions Market Size by Type (2015-2021) (Million US$)
Table 56. Japan Digital Payment Solutions Market Share by Type (2015-2021)
Table 57. Japan Digital Payment Solutions Market Size by Application (2015-2021) (Million US$)
Table 58. Japan Digital Payment Solutions Market Share by Application (2015-2021)
Table 59. Southeast Asia Key Players Digital Payment Solutions Market Revenue (2019-2021) (Million US$)
Table 60. Southeast Asia Key Players Digital Payment Solutions Market Share (2019-2021)
Table 61. Southeast Asia Digital Payment Solutions Market Size by Type (2015-2021) (Million US$)
Table 62. Southeast Asia Digital Payment Solutions Market Share by Type (2015-2021)
Table 63. Southeast Asia Digital Payment Solutions Market Size by Application (2015-2021) (Million US$)
Table 64. Southeast Asia Digital Payment Solutions Market Share by Application (2015-2021)
Table 65. India Key Players Digital Payment Solutions Market Revenue (2019-2021) (Million US$)
Table 66. India Key Players Digital Payment Solutions Market Share (2019-2021)
Table 67. India Digital Payment Solutions Market Size by Type (2015-2021) (Million US$)
Table 68. India Digital Payment Solutions Market Share by Type (2015-2021)
Table 69. India Digital Payment Solutions Market Size by Application (2015-2021) (Million US$)
Table 70. India Digital Payment Solutions Market Share by Application (2015-2021)
Table 71. Central & South America Key Players Digital Payment Solutions Market Revenue (2019-2021) (Million US$)
Table 72. Central & South America Key Players Digital Payment Solutions Market Share (2019-2021)
Table 73. Central & South America Digital Payment Solutions Market Size by Type (2015-2021) (Million US$)
Table 74. Central & South America Digital Payment Solutions Market Share by Type (2015-2021)
Table 75. Central & South America Digital Payment Solutions Market Size by Application (2015-2021) (Million US$)
Table 76. Central & South America Digital Payment Solutions Market Share by Application (2015-2021)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Digital Payment Solutions Market Business (2015-2021) (Million US$)
Table 81. Recent Development
List of Figures
Figure 1. Global Digital Payment Solutions Market Share by Type: 2021 VS 2028
Figure 2. Global Digital Payment Solutions Market Share by Application: 2021 VS 2028
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Digital Payment Solutions Market Report Years Considered
Figure 8. Global Digital Payment Solutions Market Size YoY Growth 2015-2028 (US$ Million)
Figure 9. Global Digital Payment Solutions Market Share by Regions: 2021 VS 2028
Figure 10. Global Digital Payment Solutions Market Share by Regions (2021-2028)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Digital Payment Solutions Market Share by Players in 2019
Figure 13. Global Top Digital Payment Solutions Market Players by Company Type (Tier 1, Tier 2, and Tier 3) (based on the Revenue in Digital Payment Solutions Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Digital Payment Solutions Market Revenue in 2019
Figure 15. North America Digital Payment Solutions Market Size YoY Growth (2015-2021) (Million US$)
Figure 16. Europe Digital Payment Solutions Market Size YoY Growth (2015-2021) (Million US$)
Figure 17. China Digital Payment Solutions Market Size YoY Growth (2015-2021) (Million US$)
Figure 18. Japan Digital Payment Solutions Market Size YoY Growth (2015-2021) (Million US$)
Figure 19. Southeast Asia Digital Payment Solutions Market Size YoY Growth (2015-2021) (Million US$)
Figure 20. India Digital Payment Solutions Market Size YoY Growth (2015-2021) (Million US$)
Figure 21. Central & South America Digital Payment Solutions Market Size YoY Growth (2015-2021) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed
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