Global Digital Payment Processing Market is Expected to Grow with the CAGR of 14.80% in the Forecast Period of 2021 to 2028

The Global Digital Payment Processing Market is expected to grow at a CAGR of 14.80% in the forecast period of 2021 to 2028 and is likely to reach USD 233.14 billion by 2028. The proliferation of global digitalisation that will increase the demand for digital payment services will enhance the market growth rate.

Likewise, surge in the adoption of open banking APIs along with progressive changes in the frameworks will boost the beneficial opportunities for the growth of digital payment processing market.                                                   

Digital Payment Processing Market Scenario

According to Data Bridge Market Research the market for digital payment processing is expected to gain growth because of the rise in the trend of promotion of digital payments. Also, high adoption by merchants to provide their services in the digital payment services market space will accelerate the growth of digital payment processing market over the forecast period of 2021 to 2028. While, lack of global standards for cross-border payments and rise in the cyber-attacks on digital payments will hinder the growth of digital payment processing market in the above-mentioned forecast period.

Now the question is which are the other regions that digital payment processing market is targeting? Data Bridge Market Research has estimated Asia-Pacific, the growing region of the market due to the increase in the number of small and medium enterprises and growing government initiatives for the use of digital payments in this region.

For more analysis on the digital payment processing market request for a briefing with our analysts,

Digital Payment Processing Market Scope    

Digital payment processing market is segmented on the basis of countries into the 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.

  • All country based analysis of digital payment processing market is further analyzed based on maximum granularity into further segmentation. On the basis of deployment type, the digital payment processing market is segmented into on-premises and cloud. On the basis of organization size, the digital payment processing market is segmented into small and medium-sized enterprises and large enterprises. On the basis of vertical, the digital payment processing market is segmented into retail and ecommerce, banking, healthcare, financial services and insurance, travel and hospitality, media and entertainment, transportation and logistics and other verticals.
  • Digital payment is defined as the cashless electronic monetary transactions. It consists of mobile payments at the point of sale (PoS) via mobile applications (called apps) as well as monetary transactions that are made through the internet. Certain organizations now involved in the digital payment mode instead of traditional payment modes such as cash, demand draft, check or money order. Peer-to-peer transfers among the consumers and private users are now considered digital mode of payment. This mode of payment gives various benefits such as ease of convenience and accessibility to the users and also enables the users to mitigate losses and thefts.

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Key Pointers Covered in the Digital Payment Processing Market Industry Trends and Forecast to 2028

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Cost of Care Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the Report

  • Fiserv, Inc.
  • FIS
  • PayPal Payments Private Limited
  • Global Payments Inc.
  • Square Capital, LLC
  • Visa Inc.
  • Mastercard
  • WEX Inc.
  • ACI Worldwide, Inc.
  • JPMorgan Chase & Co.
  • Intuit Inc.
  • Stripe
  • Due Inc.
  • Adyen
  • PayTrace
  • Apple Inc.
  • Aurus Inc.
  • Fattmerchant Inc.
  • 2Checkout
  • Paysafe Holdings UK Limited

Above are the key players covered in the report, to know about more and exhaustive list of digital payment processing companies’ contact us,

Research Methodology of Global Digital Payment Processing Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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