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2020 Global Digital Payments Market, Size, Share, Outlook and Growth Opportunities, Forecast to 2026

  • ID:OGA2006MVHC021
  • Published: June-2020
  • Pages:110
  • OG Analysis
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Coronavirus Updates on Global Digital Payment Market Size, Outlook and Growth Opportunities to 2026: By Type (Solutions, Services), By Deployment Mode (On-Premises, Cloud), By Organization Size (SMEs, Large Enterprises), By Vertical (Banking, Financial Services, and Insurance (BFSI), Telecom & Information Technology (IT), Retail & E-Commerce, Healthcare, Media & Entertainment, Others) and By Region

Global Digital Payment Market Definition and Scope

Digital payments are technically defined as any payments made using digital instruments. In digital payment, the payer and the payee, both use electronic modes to send and receive money. No hard cash is used.

The key drivers of Digital Payments are Debit Cards, PPIs and IMPS and the volume of UPI segment is also increasing. In the Value segment, the key contributors of Digital Payments are RTGS and NEFT.

Global Digital Payment Market Trends over COVID-19 Updates

In response to Coronavirus crisis digital payment market value to reach USD 63.6 billion by 2026 with a CAGR of 23.4%.

As the online payment processing market grows, user demands for additional payment features and options lead growth in multiple directions.

For instance, RBI pushes digital payments in the time of COVID-19 so that public can use these modes of digital payment from the convenience of their homes through online channels like mobile banking, internet banking.

Global Digital Payment Market Drivers and Challenges

Lifestyle changes of the consumers, improving customer experience, growing merchant revenues are some of the factors driving the digital payment market growth.

In addition, digital payment to aid frictionless, responsive and revolutionary shopping practices for the customers particularly during this Lockdown.

Digital Payments offer unique opportunities; the global trends indicate heightened customer expectations for value-added services, increased competition due to the emergence of FinTechs, new technologies, and an ever-changing regulatory landscape.

Challenges of Digital Payment Market

Fraud and chargebacks, cross-border transactions, card data security, multi-currency and payment methods, technical integration are the factors to challenge the market growth.

Sudden spikes in payment processing needs due to COVID-19 crisis consequently might cause challenges in handling for both merchants and payment processors.

Supply chain is one of the major challenges to be face by retailers and many other business representatives.

Global Digital Payment Market Segmentation

Digital Payment Market Outlook is segmented by type, by deployment mode, by organization size, by vertical and further divided into sub segments.

Market companies of the include ACI Worldwide, Aurus, Aliant Payment, Authorize.Net (US), Adyen, BlueSnap, Chetu, Dwolla, and FSS among others.

Regional aspects of Global Digital Payment Market Analysis and Coronavirus Updates

In response to Coronavirus pandemic, digital payments hit but contactless transactions pick up in times of lockdown all over the world.

The Government of India has been taking several measures to promote and encourage digital payments in the country. As part of the ‘Digital India’ campaign, the government aims to create a ‘digitally empowered’ economy that is ‘Faceless, Paperless, and Cashless’.

Emerging global trends to impact the Indian Digital Payments ecosystem and provide impetus to the growth of Digital Payments.

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1. Table of Contents
1.1. List of Tables
1.2. List of Figures



2. A Review of 2020 and Outlook to 2026
2.1. Trend Analysis
2.2. Critical Success Factors
2.3. Demand and Growth Dynamics by Type
2.4. Demand and Growth Dynamics by Application
2.5. Demand and Growth Dynamics by Market



3. Strategic Analysis
3.1. Largest Drivers of Digital Payment Market Growth
3.2. Different Challenges Faced by Digital Payment Companies
3.3. Five Forces Analysis



4. Global Digital Payment Market Outlook by Type
4.1 Solutions
4.2 Services



5. Global Digital Payment Market Outlook by Deployment Mode
5.1 On-Premises
5.2 Cloud



6. Global Digital Payment Market Outlook by Organization Size
6.1 SMEs
6.2 Large Enterprises



7. Global Digital Payment Market Outlook by Vertical
7.1 Banking, Financial Services and Insurance (BFSI)
7.2 Telecom & Information Technology (IT)
7.3 Retail & E-Commerce
7.4 Healthcare
7.5 Media & Entertainment
7.6 Others



8. Asia Pacific Digital Payment Market Outlook
8.1 Leading Digital Payment Types contributing to Asia Pacific market
8.2 Top Applications contributing to Asia Pacific Digital Payment
8.3 Top countries contributing to Asia Pacific Digital Payment



9 Europe Digital Payment Market Outlook
9.1 Leading Digital Payment Types contributing to Europe market
9.2 Top Applications contributing to Europe Digital Payment
9.3 Top countries contributing to Europe Digital Payment



10 North America Digital Payment Market Outlook
10.1 Leading Digital Payment Types contributing to North America market
10.2 Top Applications contributing to North America Digital Payment
10.3 Top countries contributing to North America Digital Payment



11 South and Central America Digital Payment Market Outlook
11.1 Leading Digital Payment Types contributing to South and Central America market
11.2 Top Applications contributing to South and Central America’s Digital Payment
11.3 Top countries contributing to South and Central America’s Digital Payment



12 Middle East Africa Digital Payment Market Outlook
12.1 Leading Digital Payment Types contributing to Middle East Africa market
12.2 Top Applications contributing to Middle East Africa Digital Payment
12.3 Top countries contributing to Middle East Africa Digital Payment



13 Company Profile Snapshots
13.1 Top Companies Operating in Digital Payment Market
13.2 ACI Worldwide Business Profile, SWOT and Financial Analysis
13.3 Aurus Business Profile, SWOT and Financial Analysis
13.4 Aliant Payment Business Profile, SWOT and Financial Analysis
13.5 Authorize.Net Business Profile, SWOT and Financial Analysis
13.6 Adyen Business Profile, SWOT and Financial Analysis
13.7 BlueSnap Business Profile, SWOT and Financial Analysis
13.8 Chetu Business Profile, SWOT and Financial Analysis
13.9 Dwolla Business Profile, SWOT and Financial Analysis
13.10 FSS Business Profile, SWOT and Financial Analysis



14 Recent Industry Developments



15 Appendix
15.1 OGAnalysis Expertise
15.2 Sources and Methodology
15.3 Contacts

 



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