出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2023年10月
Digital Payment Market – Global Forecast to 2028
電子決済市場 : 提供内容 [ソリューション (決済プロセッサー、決済ゲートウェイ、決済ウォレット、POS ソリューション]、サービス (プロフェッショナル＆マネージド)、取引タイプ (国内＆越境)、決済モード、業種、地域別 – 2028年までの世界予測
Digital Payment Market by Offering (Solutions (Payment Processor, Payment Gateway, Payment Wallet, POS Solution), Services (Professional and Managed), Transaction Type (Domestic and Cross Border), Payment Mode, Vertical & Region – Global Forecast to 2028
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| 種別 | 英文調査報告書 |
| 価格 |
Report Overview
MarketsandMarkets forecasts that the Digital Payment market size is projected to grow from USD 111.2 billion in 2023 to USD 193.7 billion by 2028, at a CAGR of 11.8% during the forecast period. Major growth factors for the market include an increase in the adoption of real-time payments and ACH transactions. Countries across the world implement ICT technologies to promote digital economies. Governments are taking various initiatives to accelerate the adoption of RTP solutions by digitizing the payment process. The Federal Reserve Bank and National Automated Clearing House Association (NACHA) are working on a roadmap and incentives for accelerating real-time payments in the US. In India, the Government of India (GoI) has launched various initiatives, including Digital India and Immediate Payment Service (IMPS), which act as catalysts for the adoption of real-time payments.
“By Transaction Type, cross-border segment to grow at the highest CAGR during the forecast period.”
The demand for cross-border transactions, involving the exchange of funds or goods across international borders, is on the rise due to factors such as globalization, e-commerce growth, remittances, international investments, tourism, diverse payment methods, financial inclusion initiatives, economic expansion, regulatory changes, and technological advancements. This demand reflects the increasing interconnectedness of the global economy and the need for efficient and secure financial interactions across borders.
“By Vertical, the retail & eCommerce segment is expected to hold the largest market size during the forecast period.”
The retail and eCommerce industry is undergoing a major transformation. Retailers are modernizing their brick-and-mortar stores to provide improved services to their customers and establishing online stores to increase revenue. Digital payment solutions have significantly impacted the retail and e-commerce sectors. They offer a variety of payment methods, including online payments, mobile payments, and digital wallets, making transactions more convenient for customers. These solutions enhance security through encryption and authentication measures, and they support subscription models, cross-border transactions, and data analytics for businesses. Contactless payments have gained popularity, and loyalty programs can be integrated with these solutions to encourage customer retention. Overall, digital payment solutions improve the customer experience and provide valuable insights for businesses in these sectors.
“Asia Pacific is expected to grow with the highest CAGR during the forecast period.”
The APAC region leads in the adoption of digital payment solutions, driven by its high smartphone penetration and internet accessibility. This environment presents an opportunity for digital payment providers to introduce advanced services. The rapid adoption of e-commerce further fuels the use of digital payment solutions. Embracing these solutions has not only facilitated economic opportunities but also promoted financial inclusion in APAC. Consumers in the region prioritize both seamless transactions and robust security in their digital payments. Additionally, the expanding retail market in APAC has encouraged global digital payment providers to concentrate on delivering innovative solutions.
Breakdown of primaries
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the digital payment market.
The breakup of the profiles of the primary participants is given below:
• By Company: Tier 1 – 30%, Tier 2 – 45%, and Tier 3 – 25%
• By Designation: C-Level – 40%, Directors – 35%, and Others –25%
• By Region: North America – 35%, Europe – 20%, APAC – 35%, and RoW – 10%
Major vendors in the global digital payment market include PayPal (US), Fiserv (US), FIS (US), Global Payments (US), Square (US), Stripe (US), VISA (US), Mastercard (US), Worldline (France), Adyen (Netherlands), ACI Worldwide (US), Temenos (Switzerland), PayU (Netherlands), Apple (US), JPMorgan Chase (US), WEX (US), FLEETCOR (US), Aurus (US), PayTrace (US), Stax by FattMerchant (US), Verifone(US), Spreedly (US), Dwolla (US), BharatPe (India), Payset (UK), PaySend (UK), MatchMove (Singapore), Ripple (US), and EBANX (Brazil). The digital payment market study includes an in-depth competitive analysis of these key players and their profiles, recent developments, and key market strategies.
Research coverage:
The market study covers the digital payment market size across different segments. It aims to estimate the market size and the growth potential across different segments by component, deployment type, organization size, vertical, and region. The study further includes an in-depth competitive analysis of the leading market players, along with their company profiles, key observations related to product and business offerings, recent developments, and market strategies.
Key benefits of buying the report:
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the global digital payment market and its subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. Moreover, the report will provide insights for stakeholders to understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Analysis of key drivers (Global initiatives for the promotion of digital payments, High proliferation of smartphones enabling mCommerce growth, Rise of e-commerce and adoption of embedded payments platform, Rise in the adoption of contactless payments, Increase in the adoption of real-time payments and ACH transactions, and Change in consumer payments behavior.), restraints (Lack of global standards for cross-border payments), opportunities (Rapid decline in unbanked population across the globe, Gradual adoption of Open Banking APIs, Progressive changes in regulatory frameworks, Rising Government Initiatives favoring adoption of digital payments, Rise in digital payment start-up and challenger’s banks, and Collaboration between banks and fintech institutions to leverage
Customer experience), and challenges (Evolving cyber attacks on digital payments, Fragmented regional regulatory landscape, and Lack of digital literacy in emerging countries) influencing the growth of the digital payment market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the Digital Payment market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the Digital Payment market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the Digital Payment market.
Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like PayPal (US), Fiserv (US), FIS (US), Global Payments (US), Square (US), Stripe (US), VISA (US), Mastercard (US), Worldline (France), Adyen (Netherlands), ACI Worldwide (US), Temenos (Switzerland), PayU (Netherlands), Apple (US), JPMorgan Chase (US), WEX (US), FLEETCOR (US), Aurus (US), PayTrace (US), Stax by FattMerchant (US), Verifone(US), Spreedly (US), Dwolla (US), BharatPe (India), Payset (UK), PaySend (UK), MatchMove (Singapore), Ripple (US), and EBANX (Brazil).
Table of Contents
1 INTRODUCTION 32
1.1 STUDY OBJECTIVES 32
1.2 MARKET DEFINITION 32
1.2.1 INCLUSIONS AND EXCLUSIONS 33
1.3 STUDY SCOPE 33
1.3.1 MARKET SEGMENTATION 33
1.3.2 REGIONS COVERED 34
1.4 YEARS CONSIDERED 34
1.5 CURRENCY CONSIDERED 35
TABLE 1 USD EXCHANGE RATES, 2020–2022 35
1.6 STAKEHOLDERS 35
1.7 SUMMARY OF CHANGES 36
1.8 RECESSION IMPACT 36
2 RESEARCH METHODOLOGY 37
2.1 RESEARCH DATA 37
FIGURE 1 DIGITAL PAYMENT MARKET: RESEARCH DESIGN 37
2.1.1 SECONDARY DATA 38
2.1.2 PRIMARY DATA 38
2.1.2.1 Breakdown of primary interviews 39
TABLE 2 PRIMARY INTERVIEWS 39
2.1.2.2 Key industry insights 40
2.2 DATA TRIANGULATION 40
FIGURE 2 DATA TRIANGULATION 40
2.3 MARKET SIZE ESTIMATION 41
FIGURE 3 APPROACH 1 (SUPPLY-SIDE): REVENUE OF OFFERINGS IN DIGITAL PAYMENT MARKET 41
FIGURE 4 APPROACH 2 (DEMAND-SIDE): DIGITAL PAYMENT MARKET 42
2.3.1 BOTTOM-UP APPROACH 42
FIGURE 5 BOTTOM-UP APPROACH 43
FIGURE 6 MARKET SIZE ESTIMATION USING BOTTOM-UP APPROACH 43
2.3.2 TOP-DOWN APPROACH 44
FIGURE 7 TOP-DOWN APPROACH 44
2.4 MARKET FORECAST 45
TABLE 3 FACTOR ANALYSIS 45
2.5 STUDY ASSUMPTIONS 46
2.6 LIMITATIONS AND RISK ASSESSMENT 46
2.7 RECESSION IMPACT ON DIGITAL PAYMENT MARKET 46
3 EXECUTIVE SUMMARY 47
FIGURE 8 DIGITAL PAYMENT MARKET, 2023–2028 (USD MILLION) 48
FIGURE 9 DIGITAL PAYMENT MARKET, BY OFFERING, 2023 VS. 2028 (USD MILLION) 48
FIGURE 10 DIGITAL PAYMENT MARKET, BY SOLUTION, 2023 VS. 2028 (USD MILLION) 49
FIGURE 11 DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023 VS. 2028 (USD MILLION) 49
FIGURE 12 DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2023 VS. 2028 (USD MILLION) 50
FIGURE 13 DIGITAL PAYMENT MARKET, BY VERTICAL, 2023 VS. 2028 (USD MILLION) 50
FIGURE 14 DIGITAL PAYMENT MARKET, BY REGION, 2023 51
4 PREMIUM INSIGHTS 52
4.1 DIGITAL PAYMENT MARKET OVERVIEW 52
FIGURE 15 INCREASING USE OF ONLINE PLATFORM TO DRIVE MARKET GROWTH 52
4.2 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY OFFERING AND VERTICAL (2023) 53
FIGURE 16 OFFERING SEGMENT EXPECTED TO ACCOUNT FOR LARGER MARKET SIZE IN 2023 53
4.3 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY OFFERING AND VERTICAL (2023) 53
FIGURE 17 APAC: SOLUTIONS SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2023 53
4.4 EUROPE: DIGITAL PAYMENT MARKET, BY OFFERING AND VERTICAL (2023) 54
FIGURE 18 EUROPE: SOLUTIONS SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2023 54
4.5 GEOGRAPHICAL SNAPSHOT 54
FIGURE 19 ASIA PACIFIC TO ACHIEVE HIGHEST GROWTH DURING FORECAST PERIOD 54
5 MARKET OVERVIEW 55
5.1 MARKET OVERVIEW 55
5.2 MARKET DYNAMICS 55
FIGURE 20 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 55
5.2.1 DRIVERS 56
5.2.1.1 Rising initiatives for promotion of digitized payments 56
TABLE 4 GLOBAL INITIATIVES TO PROMOTE DIGITAL PAYMENTS 56
5.2.1.2 High proliferation of smartphones enabling mCommerce growth 57
5.2.1.3 Rise of eCommerce and adoption of embedded payment system 57
5.2.1.4 High adoption of contactless payments 57
5.2.1.5 Increasing adoption of real-time payments and ACH transactions 58
5.2.1.6 Rise in changing consumer payment modes 58
5.2.2 RESTRAINTS 59
5.2.2.1 Evolving cyber-attacks on digital payments 59
5.2.3 OPPORTUNITIES 59
5.2.3.1 Provision of connectivity and digital literacy in remote areas 59
5.2.3.2 Increasing adoption of open-banking APIs 59
5.2.3.3 Rapid use of digital payments 60
5.2.3.4 Rise in government initiatives favoring adoption of digital payments 60
5.2.3.5 Rise in digital payment startup and challenger’s banks 60
5.2.3.6 Advancements in technology with collaboration between banks and fintech institutions 61
5.2.4 CHALLENGES 61
5.2.4.1 Lack of global standards for cross-border payments 61
5.2.4.2 Lack of digital literacy in emerging countries 61
5.2.4.3 Increased costs due to fragmented regional regulatory landscape 62
5.2.5 CUMULATIVE GROWTH ANALYSIS 62
TABLE 5 CUMULATIVE GROWTH ANALYSIS 62
5.3 REGULATORY LANDSCAPE 62
5.4 INDUSTRY TRENDS 63
5.4.1 BEST PRACTICES IN DIGITAL PAYMENT MARKET 63
5.4.2 VALUE CHAIN ANALYSIS 64
FIGURE 21 DIGITAL PAYMENT MARKET: VALUE CHAIN ANALYSIS 64
5.4.3 BRIEF HISTORY OF DIGITAL PAYMENT MARKET 65
FIGURE 22 BRIEF HISTORY OF DIGITAL PAYMENT 65
5.4.3.1 2000–2010 65
5.4.3.2 2010–2020 65
5.4.3.3 2020–Present 66
5.4.4 ECOSYSTEM ANALYSIS 66
FIGURE 23 DIGITAL PAYMENT MARKET: ECOSYSTEM ANALYSIS 67
TABLE 6 DIGITAL PAYMENT MARKET: ECOSYSTEM ANALYSIS 67
5.4.5 PATENT ANALYSIS 69
5.4.5.1 Methodology 69
5.4.5.2 Document type 69
TABLE 7 PATENTS FILED, 2020–2023 69
5.4.5.3 Innovation and patent applications 69
FIGURE 24 TOTAL NUMBER OF PATENTS GRANTED, 2020–2023 69
5.4.5.4 Top applicants 70
FIGURE 25 TOP TEN PATENT APPLICANTS, 2020–2023 70
5.4.6 CASE STUDIES 70
5.4.6.1 Case study 1: Tradera implemented customized platform to collect and verify individual information 70
5.4.6.2 Case study 2: FIS helped Zalando minimize exemptions to deliver fast and secure payment experience while reducing fraud and risk 71
5.4.6.3 Case study 3: Braintree was opted for as solution by Animoto to handle its recurring payments and subscriptions 71
5.4.6.4 Case study 4: Stripe worked with MindBody to help studios boost online revenue conversion with virtual classes 72
5.4.6.5 Case study 5: By integrating Square for in-person, in-app, and online payments, Brushfire created cohesive payments and reporting solutions 72
5.4.7 INDICATIVE PRICING ANALYSIS, BY PAYMENT METHOD 73
5.4.7.1 Average selling price of key players 73
TABLE 8 PRICING ANALYSIS 73
5.4.7.2 Average selling price trend 73
5.4.8 IMPACT OF DIGITAL PAYMENT ON ADJACENT TECHNOLOGIES 74
5.4.9 TECHNOLOGY ANALYSIS 74
5.4.9.1 Adjacent technologies 75
5.4.9.1.1 Encryption and tokenization 75
TABLE 9 TECHNOLOGY ENABLERS IN DIGITAL PAYMENTS 75
5.4.10 PORTER’S FIVE FORCES ANALYSIS 75
TABLE 10 PORTER’S FIVE FORCES MODEL 76
5.4.10.1 Threat of new entrants 76
5.4.10.2 Threat of substitutes 76
5.4.10.3 Bargaining power of buyers 76
5.4.10.4 Bargaining power of suppliers 76
5.4.10.5 Intensity of competitive rivalry 76
5.4.11 TRENDS/DISRUPTIONS IMPACTING BUYERS/CUSTOMERS 77
FIGURE 26 TRENDS/DISRUPTIONS IMPACTING BUYERS/CUSTOMERS 77
5.4.12 KEY CONFERENCES & EVENTS, 2023-24 77
TABLE 11 DETAILED LIST OF KEY CONFERENCES & EVENTS, 2023-24 77
5.4.13 KEY STAKEHOLDERS & BUYING CRITERIA 78
5.4.13.1 Key stakeholders in buying process 78
FIGURE 27 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES 78
TABLE 12 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES (%) 78
5.4.13.2 Buying criteria 78
FIGURE 28 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES 78
TABLE 13 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES 79
5.4.14 FUTURE DIRECTION OF DIGITAL PAYMENT MARKET 79
5.4.14.1 Digital payment market roadmap till 2030 79
5.4.14.2 Short-term roadmap (2023–2025) 79
5.4.14.3 Mid-term roadmap (2026–2028) 80
5.4.14.4 Long-term roadmap (2029–2030) 80
5.4.15 HS CODE 80
TABLE 14 HS CODES, BY PAYMENT METHOD (IMPORT) 80
TABLE 15 HS CODES, BY PAYMENT METHOD (EXPORT) 81
6 DIGITAL PAYMENT MARKET, BY OFFERING 82
6.1 INTRODUCTION 83
6.1.1 OFFERING: DIGITAL PAYMENT MARKET DRIVERS 83
FIGURE 29 SERVICES SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD 84
TABLE 16 DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION) 84
TABLE 17 DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION) 84
6.2 SOLUTIONS 85
FIGURE 30 PAYMENT WALLET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 85
TABLE 18 DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION) 85
TABLE 19 DIGITAL PAYMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION) 86
6.2.1 PAYMENT GATEWAYS 86
6.2.1.1 Strong support in processing customer payment credentials and authorizing their payments to drive growth 86
TABLE 20 PAYMENT GATEWAYS: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 86
TABLE 21 PAYMENT GATEWAYS: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 87
6.2.2 PAYMENT PROCESSORS 87
6.2.2.1 Increasing demand for transactions through various modes to boost growth 87
TABLE 22 PAYMENT PROCESSORS: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 87
TABLE 23 PAYMENT PROCESSORS: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 88
6.2.3 PAYMENT WALLET 88
6.2.3.1 Rising demand for secure and convenient payment solutions in various verticals to encourage market expansion 88
TABLE 24 PAYMENT WALLET: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 89
TABLE 25 PAYMENT WALLET: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 89
6.2.4 POINT-OF-SALE SOLUTIONS 89
6.2.4.1 Elimination of need for tracking multiple payment systems to boost growth 89
TABLE 26 POINT-OF-SALE SOLUTIONS: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 90
TABLE 27 POINT-OF-SALE SOLUTIONS: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 90
6.2.5 OTHER SOLUTIONS 90
TABLE 28 OTHER SOLUTIONS: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 91
TABLE 29 OTHER SOLUTIONS: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 91
6.3 SERVICES 91
FIGURE 31 MANAGED SERVICES TO GROW AT HIGHER CAGR DURING FORECAST PERIOD 92
TABLE 30 DIGITAL PAYMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION) 92
TABLE 31 DIGITAL PAYMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION) 92
6.3.1 PROFESSIONAL SERVICES 93
6.3.1.1 Rising expertise and consulting offerings to optimize payment processes and enhance security to propel growth 93
FIGURE 32 CONSULTING SERVICES TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD 93
TABLE 32 DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION) 93
TABLE 33 DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION) 94
6.3.1.2 Consulting 94
TABLE 34 CONSULTING: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 94
TABLE 35 CONSULTING: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 95
6.3.1.3 Implementation 95
TABLE 36 IMPLEMENTATION: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 95
TABLE 37 IMPLEMENTATION: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 96
6.3.1.4 Support & Maintenance 96
TABLE 38 SUPPORT & MAINTENANCE: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 96
TABLE 39 SUPPORT & MAINTENANCE: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 97
6.3.2 MANAGED SERVICES 97
6.3.2.1 Emergence of hosted payment solutions to contribute to market growth 97
7 DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE 98
7.1 INTRODUCTION 99
7.1.1 TRANSACTION TYPE: DIGITAL PAYMENT MARKET DRIVERS 99
FIGURE 33 CROSS BORDER SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD 99
TABLE 40 DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018–2022 (USD MILLION) 100
TABLE 41 DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023–2028 (USD MILLION) 100
7.2 DOMESTIC 100
7.2.1 ELIMINATING NEED FOR CURRENCY CONVERSION FOR INTERNATIONAL INTERMEDIARIES TO BOLSTER GROWTH 100
TABLE 42 DOMESTIC: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 101
TABLE 43 DOMESTIC: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 101
7.3 CROSS BORDER 101
7.3.1 FACILITATING GLOBAL TRADE FOR FUNDS EXCHANGE TO FOSTER GROWTH 101
TABLE 44 CROSS BORDER: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 102
TABLE 45 CROSS BORDER: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 102
8 DIGITAL PAYMENT MARKET, BY PAYMENT MODE 103
8.1 INTRODUCTION 104
FIGURE 34 DIGITAL WALLET SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 104
TABLE 46 DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018–2022 (USD MILLION) 104
TABLE 47 DIGITAL PAYMENT MARKET, PAYMENT MODE, 2023–2028 (USD MILLION) 105
8.1.1 PAYMENT MODE: DIGITAL PAYMENT MARKET DRIVERS 105
8.2 CARDS 106
8.2.1 GROWING DEMAND FOR CARDS FOR SEAMLESS ONLINE TRANSACTIONS TO DRIVE MARKET 106
TABLE 48 CARDS: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 106
TABLE 49 CARDS: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 106
8.3 DIGITAL WALLET 107
8.3.1 FACILITATING CROSS-BORDER TRANSACTIONS AND CURRENCY CONVERSIONS TO SPUR GROWTH 107
TABLE 50 DIGITAL WALLET: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 107
TABLE 51 DIGITAL WALLET: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 107
8.4 AUTOMATIC CLEARING HOUSE (ACH) TRANSFER 108
8.4.1 NEED TO MAKE RECURRING DEPOSITS INTO TAXABLE BROKERAGE ACCOUNTS TO FUEL DEMAND 108
TABLE 52 ACH TRANSFER: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 108
TABLE 53 ACH TRANSFER: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 108
8.5 OTHER PAYMENT MODES 109
TABLE 54 OTHER PAYMENT MODES: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 109
TABLE 55 OTHER PAYMENT MODES: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 109
9 DIGITAL PAYMENT MARKET, BY VERTICAL 110
9.1 INTRODUCTION 111
9.1.1 VERTICALS: DIGITAL PAYMENT MARKET DRIVERS 111
FIGURE 35 MEDIA & ENTERTAINMENT VERTICAL TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 112
TABLE 56 DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION) 113
TABLE 57 DIGITAL PAYMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 113
9.2 BFSI 114
9.2.1 RISING ADOPTION OF DIGITALIZED TOOLS TO EASE BANKING AND OTHER FINANCIAL PROCESSES TO DRIVE GROWTH 114
9.2.2 CASE STUDIES 114
9.2.2.1 Fino Payment Bank adopted FIS payment solution to scale its operations across India 114
9.2.2.2 Fundraise Up partnered with Stripe to deploy efficient payment optimization tools for better customer checkout experience 114
9.2.2.3 River City Bank enhanced security against rising cyber threats with help of FIS 114
TABLE 58 BFSI: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 115
TABLE 59 BFSI: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 115
9.3 RETAIL & ECOMMERCE 115
9.3.1 GROWING NEED TO SUPPORT ONLINE TRANSACTIONS TO BOOST MARKET 115
TABLE 60 RETAIL & ECOMMERCE: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 116
TABLE 61 RETAIL & ECOMMERCE: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 116
9.3.2 CASE STUDIES 116
9.3.2.1 Jilian Produce deployed Zettle terminal to ease its sales interface 116
9.3.2.2 Walmart Marketplace integrated PayPal’s Hyperwallet for payout processing 117
9.4 HEALTHCARE 117
9.4.1 ADOPTION OF NEW TECHNOLOGIES TO PROVIDE IMPROVED SERVICES TO PATIENTS TO SPUR GROWTH 117
TABLE 62 HEALTHCARE: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 117
TABLE 63 HEALTHCARE: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 118
9.4.2 CASE STUDIES 118
9.4.2.1 Doctolib leveraged Stripe Connect as part of seamless practitioner-onboarding process to reduce doctor payout frequency 118
9.4.2.2 Lyra Health partnered with Stripe to experience substantial growth in payment transactions 118
9.5 IT & ITES 119
9.5.1 RISING TECHNOLOGICAL ADVANCEMENTS TO SUPPORT ADVANCED APIS AND SECURE PAYMENT GATEWAYS TO BOOST MARKET 119
TABLE 64 IT & ITES: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 119
TABLE 65 IT & ITES: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 119
9.5.2 CASE STUDY 120
9.5.2.1 Atlassian selected Stripe to create single payment and billing platform for global transactions 120
9.6 TELECOM 120
9.6.1 ADOPTION OF DIGITAL SOLUTIONS TO MEET CHANGING DEMANDS OF CUSTOMERS TO PROPEL MARKET 120
TABLE 66 TELECOM: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 120
TABLE 67 TELECOM: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 121
9.6.2 CASE STUDY 121
9.6.2.1 PayPal paired with telecom giants to expand its payment processing solutions 121
9.7 TRAVEL & HOSPITALITY 122
9.7.1 MOUNTED NFC-ENABLED DEVICES IN RESTAURANTS AND HOTELS TO HELP ENABLE FAST TRANSACTIONS 122
TABLE 68 TRAVEL & HOSPITALITY: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 122
TABLE 69 TRAVEL & HOSPITALITY: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 123
9.7.2 CASE STUDIES 123
9.7.2.1 Worldpay provided necessary tools to streamline payment operations and navigate business complexities 123
9.7.2.2 Aegean Airlines used ACI Worldwide fraud prevention solution to increase efficiency and payment management 123
9.7.2.3 PayPal and Expedia collaborated to improve customer’s travel experience 123
9.8 TRANSPORTATION & LOGISTICS 124
9.8.1 ENCOURAGING COMMUTERS TO INCORPORATE MICRO-MOBILITY SOLUTIONS INTO MULTI-MODAL JOURNEYS TO REDUCE TRAFFIC CONGESTION TO BOLSTER GROWTH 124
TABLE 70 TRANSPORTATION & LOGISTICS: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 124
TABLE 71 TRANSPORTATION & LOGISTICS: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 125
9.8.2 CASE STUDY 125
9.8.2.1 Worldpay helped Steer D&G Autocare with latest technology and innovation to modernize and streamline payment processes 125
9.9 MEDIA & ENTERTAINMENT 125
9.9.1 HIGH AVAILABILITY OF FEASIBLE MOBILE PAYMENT SOLUTIONS PROVIDED OVER MOBILE DEVICES TO FUEL GROWTH 125
TABLE 72 MEDIA & ENTERTAINMENT: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 126
TABLE 73 MEDIA & ENTERTAINMENT: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 126
9.9.2 CASE STUDY 126
9.9.2.1 Radius Media adopted FIS solution for recurring and card-on-file billing 126
9.10 OTHER VERTICALS 127
TABLE 74 OTHER VERTICALS: DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 127
TABLE 75 OTHER VERTICALS: DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 127
10 DIGITAL PAYMENT MARKET, BY REGION 128
10.1 INTRODUCTION 129
FIGURE 36 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 129
TABLE 76 DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 129
TABLE 77 DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 130
10.2 NORTH AMERICA 130
10.2.1 NORTH AMERICA: DIGITAL PAYMENT MARKET DRIVERS 130
10.2.2 NORTH AMERICA: RECESSION IMPACT ANALYSIS 131
FIGURE 37 NORTH AMERICA: MARKET SNAPSHOT 131
TABLE 78 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION) 132
TABLE 79 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION) 132
TABLE 80 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION) 132
TABLE 81 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION) 133
TABLE 82 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION) 133
TABLE 83 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION) 133
TABLE 84 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION) 133
TABLE 85 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION) 134
TABLE 86 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018–2022 (USD MILLION) 134
TABLE 87 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023–2028 (USD MILLION) 134
TABLE 88 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018–2022 (USD MILLION) 135
TABLE 89 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY PAYMENT MODE 2023–2028 (USD MILLION) 135
TABLE 90 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION) 135
TABLE 91 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 136
TABLE 92 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 136
TABLE 93 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 136
10.2.3 US 137
10.2.3.1 Presence of huge financial institutions to encourage market expansion 137
TABLE 94 US: DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION) 137
TABLE 95 US: DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION) 137
TABLE 96 US: DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION) 138
TABLE 97 US: DIGITAL PAYMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION) 138
TABLE 98 US: DIGITAL PAYMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION) 138
TABLE 99 US: DIGITAL PAYMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION) 138
TABLE 100 US: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION) 139
TABLE 101 US: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION) 139
TABLE 102 US: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018–2022 (USD MILLION) 139
TABLE 103 US: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023–2028 (USD MILLION) 139
TABLE 104 US: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018–2022 (USD MILLION) 140
TABLE 105 US: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2023–2028 (USD MILLION) 140
TABLE 106 US: DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION) 140
TABLE 107 US: DIGITAL PAYMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 141
10.2.4 CANADA 141
10.2.4.1 Rapid adoption of digitalized platforms such as contactless eCommerce to boost growth 141
TABLE 108 CANADA: DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION) 142
TABLE 109 CANADA: DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION) 142
TABLE 110 CANADA: DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION) 142
TABLE 111 CANADA: DIGITAL PAYMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION) 143
TABLE 112 CANADA: DIGITAL PAYMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION) 143
TABLE 113 CANADA: DIGITAL PAYMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION) 143
TABLE 114 CANADA: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION) 144
TABLE 115 CANADA: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION) 144
TABLE 116 CANADA: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018–2022 (USD MILLION) 144
TABLE 117 CANADA: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023–2028 (USD MILLION) 144
TABLE 118 CANADA: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018–2022 (USD MILLION) 145
TABLE 119 CANADA: DIGITAL PAYMENT MARKET, BY PAYMENT MODE 2023–2028 (USD MILLION) 145
TABLE 120 CANADA: DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION) 145
TABLE 121 CANADA: DIGITAL PAYMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 146
10.3 EUROPE 146
10.3.1 EUROPE: DIGITAL PAYMENT MARKET DRIVERS 147
10.3.2 EUROPE: RECESSION IMPACT ANALYSIS 147
TABLE 122 EUROPE: DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION) 147
TABLE 123 EUROPE: DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION) 148
TABLE 124 EUROPE: DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION) 148
TABLE 125 EUROPE: DIGITAL PAYMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION) 148
TABLE 126 EUROPE: DIGITAL PAYMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION) 148
TABLE 127 EUROPE: DIGITAL PAYMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION) 149
TABLE 128 EUROPE: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION) 149
TABLE 129 EUROPE: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION) 149
TABLE 130 EUROPE: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018–2022 (USD MILLION) 149
TABLE 131 EUROPE: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023–2028 (USD MILLION) 150
TABLE 132 EUROPE: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018–2022 (USD MILLION) 150
TABLE 133 EUROPE: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2023–2028 (USD MILLION) 150
TABLE 134 EUROPE: DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION) 151
TABLE 135 EUROPE: DIGITAL PAYMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 151
TABLE 136 EUROPE: DIGITAL PAYMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 152
TABLE 137 EUROPE: DIGITAL PAYMENT MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 152
10.3.3 UK 153
10.3.3.1 Increased use of cards and popularity of contactless payments to propel growth 153
TABLE 138 UK: DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION) 153
TABLE 139 UK: DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION) 153
TABLE 140 UK: DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION) 154
TABLE 141 UK: DIGITAL PAYMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION) 154
TABLE 142 UK: DIGITAL PAYMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION) 154
TABLE 143 UK: DIGITAL PAYMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION) 155
TABLE 144 UK: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION) 155
TABLE 145 UK: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION) 155
TABLE 146 UK: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018–2022 (USD MILLION) 155
TABLE 147 UK: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023–2028 (USD MILLION) 156
TABLE 148 UK: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018–2022 (USD MILLION) 156
TABLE 149 UK: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2023–2028 (USD MILLION) 156
TABLE 150 UK: DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION) 157
TABLE 151 UK: DIGITAL PAYMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 157
10.3.4 GERMANY 158
10.3.4.1 Increasing smartphone and internet penetration in fintech sector to fuel growth 158
TABLE 152 GERMANY: DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION) 158
TABLE 153 GERMANY: DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION) 158
TABLE 154 GERMANY: DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION) 159
TABLE 155 GERMANY: DIGITAL PAYMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION) 159
TABLE 156 GERMANY: DIGITAL PAYMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION) 159
TABLE 157 GERMANY: DIGITAL PAYMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION) 160
TABLE 158 GERMANY: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION) 160
TABLE 159 GERMANY: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION) 160
TABLE 160 GERMANY: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018–2022 (USD MILLION) 160
TABLE 161 GERMANY: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023–2028 (USD MILLION) 161
TABLE 162 GERMANY: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018–2022 (USD MILLION) 161
TABLE 163 GERMANY: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2023–2028 (USD MILLION) 161
TABLE 164 GERMANY: DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION) 162
TABLE 165 GERMANY: DIGITAL PAYMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 162
10.3.5 FRANCE 163
10.3.5.1 Strong government initiatives to promote instant payment methods to drive growth 163
10.3.6 SPAIN 163
10.3.6.1 Shift toward adoption and acceptance of electronic payments to boost growth 163
10.3.7 REST OF EUROPE 163
10.4 ASIA PACIFIC 164
10.4.1 ASIA PACIFIC: DIGITAL PAYMENT MARKET DRIVERS 164
10.4.2 ASIA PACIFIC: RECESSION IMPACT ANALYSIS 165
FIGURE 38 ASIA PACIFIC: MARKET SNAPSHOT 166
TABLE 166 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION) 166
TABLE 167 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION) 167
TABLE 168 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION) 167
TABLE 169 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION) 167
TABLE 170 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION) 168
TABLE 171 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION) 168
TABLE 172 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION) 168
TABLE 173 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION) 168
TABLE 174 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018–2022 (USD MILLION) 169
TABLE 175 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023–2028 (USD MILLION) 169
TABLE 176 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018–2022 (USD MILLION) 169
TABLE 177 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2023–2028 (USD MILLION) 170
TABLE 178 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION) 170
TABLE 179 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 171
TABLE 180 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 171
TABLE 181 ASIA PACIFIC: DIGITAL PAYMENT MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 172
10.4.3 CHINA 172
10.4.3.1 Robust government initiatives to launch digital currency and enable cross-border business payments to drive market 172
TABLE 182 CHINA: DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION) 173
TABLE 183 CHINA: DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION) 173
TABLE 184 CHINA: DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION) 173
TABLE 185 CHINA: DIGITAL PAYMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION) 174
TABLE 186 CHINA: DIGITAL PAYMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION) 174
TABLE 187 CHINA: DIGITAL PAYMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION) 174
TABLE 188 CHINA: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION) 174
TABLE 189 CHINA: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION) 175
TABLE 190 CHINA: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018–2022 (USD MILLION) 175
TABLE 191 CHINA: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023–2028 (USD MILLION) 175
TABLE 192 CHINA: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018–2022 (USD MILLION) 176
TABLE 193 CHINA: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2023–2028 (USD MILLION) 176
TABLE 194 CHINA: DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION) 176
TABLE 195 CHINA: DIGITAL PAYMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 177
10.4.4 INDIA 177
10.4.4.1 Robust efforts to support Digital India initiative for strong internet connectivity to drive market 177
TABLE 196 INDIA: DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION) 178
TABLE 197 INDIA: DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION) 178
TABLE 198 INDIA: DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION) 178
TABLE 199 INDIA: DIGITAL PAYMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION) 179
TABLE 200 INDIA: DIGITAL PAYMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION) 179
TABLE 201 INDIA: DIGITAL PAYMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION) 179
TABLE 202 INDIA: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION) 179
TABLE 203 INDIA: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION) 180
TABLE 204 INDIA: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018–2022 (USD MILLION) 180
TABLE 205 INDIA: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023–2028 (USD MILLION) 180
TABLE 206 INDIA: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018–2022 (USD MILLION) 181
TABLE 207 INDIA: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2023–2028 (USD MILLION) 181
TABLE 208 INDIA: DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION) 181
TABLE 209 INDIA: DIGITAL PAYMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 182
10.4.5 JAPAN 182
10.4.5.1 High usage of credit cards for transactions to boost market 182
10.4.6 AUSTRALIA & NEW ZEALAND (ANZ) 183
10.4.6.1 Rising popularity of eCommerce to propel growth 183
10.4.7 REST OF ASIA PACIFIC 183
10.5 MIDDLE EAST & AFRICA 184
10.5.1 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET DRIVERS 184
TABLE 210 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION) 184
TABLE 211 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION) 185
TABLE 212 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION) 185
TABLE 213 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION) 185
TABLE 214 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION) 186
TABLE 215 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION) 186
TABLE 216 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION) 186
TABLE 217 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION) 186
TABLE 218 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018–2022 (USD MILLION) 187
TABLE 219 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023–2028 (USD MILLION) 187
TABLE 220 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018–2022 (USD MILLION) 187
TABLE 221 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2023–2028 (USD MILLION) 188
TABLE 222 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION) 188
TABLE 223 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 189
TABLE 224 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 189
TABLE 225 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 189
10.5.2 UAE 190
10.5.2.1 Rising popularity of digital platforms, growth in eCommerce, and technological advancements to drive demand 190
TABLE 226 UAE: DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION) 190
TABLE 227 UAE: DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION) 190
TABLE 228 UAE: DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION) 191
TABLE 229 UAE: DIGITAL PAYMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION) 191
TABLE 230 UAE: DIGITAL PAYMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION) 191
TABLE 231 UAE: DIGITAL PAYMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION) 192
TABLE 232 UAE: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION) 192
TABLE 233 UAE: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION) 192
TABLE 234 UAE: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018–2022 (USD MILLION) 192
TABLE 235 UAE: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023–2028 (USD MILLION) 193
TABLE 236 UAE: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018–2022 (USD MILLION) 193
TABLE 237 UAE: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2023–2028 (USD MILLION) 193
TABLE 238 UAE: DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION) 194
TABLE 239 UAE: DIGITAL PAYMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 194
10.5.3 SAUDI ARABIA 195
10.5.3.1 Growing use of smartphones and internet penetration to contribute to market growth 195
10.5.4 SOUTH AFRICA 195
10.5.4.1 Government’s rapid payments program to enable new entrants to access core payment systems 195
10.5.5 REST OF MIDDLE EAST & AFRICA 196
10.6 LATIN AMERICA 196
10.6.1 LATIN AMERICA: DIGITAL PAYMENT MARKET DRIVERS 196
10.6.2 LATIN AMERICA: RECESSION IMPACT ANALYSIS 197
TABLE 240 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION) 197
TABLE 241 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION) 197
TABLE 242 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION) 198
TABLE 243 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION) 198
TABLE 244 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION) 198
TABLE 245 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION) 199
TABLE 246 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION) 199
TABLE 247 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION) 199
TABLE 248 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018–2022 (USD MILLION) 199
TABLE 249 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023–2028 (USD MILLION) 200
TABLE 250 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018–2022 (USD MILLION) 200
TABLE 251 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2023–2028 (USD MILLION) 200
TABLE 252 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION) 201
TABLE 253 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 201
TABLE 254 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 202
TABLE 255 LATIN AMERICA: DIGITAL PAYMENT MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 202
10.6.3 BRAZIL 202
10.6.3.1 Improved economic conditions, rapid urbanization, and expansion of eCommerce industry to drive market in Brazil 202
TABLE 256 BRAZIL: DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION) 203
TABLE 257 BRAZIL: DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION) 203
TABLE 258 BRAZIL: DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION) 203
TABLE 259 BRAZIL: DIGITAL PAYMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION) 203
TABLE 260 BRAZIL: DIGITAL PAYMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION) 204
TABLE 261 BRAZIL: DIGITAL PAYMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION) 204
TABLE 262 BRAZIL: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION) 204
TABLE 263 BRAZIL: DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION) 204
TABLE 264 BRAZIL: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018–2022 (USD MILLION) 205
TABLE 265 BRAZIL: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023–2028 (USD MILLION) 205
TABLE 266 BRAZIL: DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018–2022 (USD MILLION) 205
TABLE 267 BRAZIL: DIGITAL PAYMENT MARKET, BY PAYMENT MODE 2023–2028 (USD MILLION) 206
TABLE 268 BRAZIL: DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION) 206
TABLE 269 BRAZIL: DIGITAL PAYMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 207
10.6.4 MEXICO 207
10.6.4.1 Launch of social benefit programs to increase digital transactions to contribute to market growth 207
10.6.5 REST OF LATIN AMERICA 208
11 COMPETITIVE LANDSCAPE 209
11.1 OVERVIEW 209
11.2 STRATEGIES ADOPTED BY KEY PLAYERS 209
TABLE 270 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS 209
11.3 MARKET SHARE ANALYSIS OF TOP PLAYERS 211
TABLE 271 DIGITAL PAYMENT MARKET: DEGREE OF COMPETITION 211
11.4 HISTORICAL REVENUE ANALYSIS 211
FIGURE 39 REVENUE ANALYSIS OF LEADING PLAYERS, 2020–2022 (USD MILLION) 212
11.5 COMPETITIVE BENCHMARKING 212
TABLE 272 PRODUCT FOOTPRINT WEIGHTAGE 212
TABLE 273 DIGITAL PAYMENT MARKET: COMPETITIVE BENCHMARKING OF PLAYERS, BY OFFERING, VERTICAL, AND REGION 213
TABLE 274 DIGITAL PAYMENT MARKET: DETAILED LIST OF KEY STARTUPS/SMES 215
11.6 PRODUCT BENCHMARKING FOR PROMINENT DIGITAL PAYMENT SOLUTION PROVIDERS 215
TABLE 275 COMPARATIVE ANALYSIS OF DIGITAL PAYMENT SOLUTION PROVIDERS 215
11.6.1 VISA 216
11.6.2 STRIPE 216
11.6.3 MASTERCARD 216
11.6.4 PAYPAL 216
11.7 COMPANY PRODUCT FOOTPRINT ANALYSIS 217
TABLE 276 COMPANY PRODUCT FOOTPRINT 217
11.8 MARKET RANKING OF KEY PLAYERS, 2023 218
FIGURE 40 MARKET RANKING OF KEY PLAYERS, 2023 218
11.9 COMPANY EVALUATION MATRIX 218
FIGURE 41 COMPANY EVALUATION MATRIX: CRITERIA WEIGHTAGE 219
11.9.1 STARS 219
11.9.2 EMERGING LEADERS 219
11.9.3 PERVASIVE PLAYERS 219
11.9.4 PARTICIPANTS 220
FIGURE 42 COMPANY EVALUATION MATRIX, 2023 220
11.10 SME/STARTUP EVALUATION MATRIX: METHODOLOGY AND DEFINITIONS 221
FIGURE 43 STARTUP/SME EVALUATION MATRIX: CRITERIA WEIGHTAGE 221
11.10.1 PROGRESSIVE COMPANIES 221
11.10.2 RESPONSIVE COMPANIES 221
11.10.3 DYNAMIC COMPANIES 221
11.10.4 STARTING BLOCKS 222
FIGURE 44 SME/STARTUP EVALUATION MATRIX, 2023 222
11.11 VALUATION AND FINANCIAL METRICS OF KEY DIGITAL PAYMENT VENDORS 223
FIGURE 45 VALUATION AND FINANCIAL METRICS OF KEY DIGITAL PAYMENT VENDORS 223
11.12 COMPETITIVE SCENARIO 223
11.12.1 PRODUCT LAUNCHES 223
TABLE 277 PRODUCT LAUNCHES, 2019–2023 223
11.12.2 DEALS 232
TABLE 278 DEALS, 2019–2023 232
12 COMPANY PROFILES 251
12.1 MAJOR PLAYERS 251
(Business Overview, Products offered, Recent Developments, MnM View)*
12.1.1 PAYPAL 251
TABLE 279 PAYPAL: BUSINESS OVERVIEW 251
FIGURE 46 PAYPAL: COMPANY SNAPSHOT 252
TABLE 280 PAYPAL: PRODUCTS OFFERED 252
TABLE 281 PAYPAL: PRODUCT LAUNCHES 253
TABLE 282 PAYPAL: DEALS 255
TABLE 283 PAYPAL: OTHERS 257
12.1.2 FISERV 258
TABLE 284 FISERV: BUSINESS OVERVIEW 258
FIGURE 47 FISERV: COMPANY SNAPSHOT 259
TABLE 285 FISERV: PRODUCTS OFFERED 259
TABLE 286 FISERV: PRODUCT LAUNCHES 261
TABLE 287 FISERV: DEALS 262
TABLE 288 FISERV: OTHERS 265
12.1.3 FIS 267
TABLE 289 FIS: BUSINESS OVERVIEW 267
FIGURE 48 FIS: COMPANY SNAPSHOT 268
TABLE 290 FIS: PRODUCTS OFFERED 268
TABLE 291 FIS: PRODUCT LAUNCHES 269
TABLE 292 FIS: DEALS 270
TABLE 293 FIS: OTHERS 273
12.1.4 BLOCK 274
TABLE 294 BLOCK: BUSINESS OVERVIEW 274
FIGURE 49 BLOCK: COMPANY SNAPSHOT 275
TABLE 295 BLOCK: PRODUCTS OFFERED 275
TABLE 296 BLOCK: PRODUCT LAUNCHES 276
TABLE 297 SQUARE: DEALS 278
TABLE 298 SQUARE: OTHERS 279
12.1.5 GLOBAL PAYMENTS 280
TABLE 299 GLOBAL PAYMENTS: BUSINESS OVERVIEW 280
FIGURE 50 GLOBAL PAYMENTS: COMPANY SNAPSHOT 281
TABLE 300 GLOBAL PAYMENTS: PRODUCTS OFFERED 281
TABLE 301 GLOBAL PAYMENTS: DEALS 282
12.1.6 STRIPE 285
TABLE 302 STRIPE: BUSINESS OVERVIEW 285
TABLE 303 STRIPE: PRODUCTS OFFERED 285
TABLE 304 STRIPE: PRODUCT LAUNCHES 286
TABLE 305 STRIPE: DEALS 287
TABLE 306 STRIPE: OTHERS 289
12.1.7 VISA 290
TABLE 307 VISA: BUSINESS OVERVIEW 290
FIGURE 51 VISA: COMPANY SNAPSHOT 291
TABLE 308 VISA: PRODUCTS OFFERED 291
TABLE 309 VISA: PRODUCT LAUNCHES 293
TABLE 310 VISA: DEALS 293
TABLE 311 VISA: OTHERS 296
12.1.8 MASTERCARD 298
TABLE 312 MASTERCARD: BUSINESS OVERVIEW 298
FIGURE 52 MASTERCARD: COMPANY SNAPSHOT 299
TABLE 313 MASTERCARD: PRODUCTS OFFERED 299
TABLE 314 MASTERCARD: PRODUCT LAUNCHES 301
TABLE 315 MASTERCARD: DEALS 302
12.1.9 WORLDLINE 306
TABLE 316 WORLDLINE: BUSINESS OVERVIEW 306
FIGURE 53 WORLDLINE: COMPANY SNAPSHOT 307
TABLE 317 WORLDLINE: PRODUCTS OFFERED 307
TABLE 318 WORLDLINE: PRODUCT LAUNCHES 308
TABLE 319 WORLDLINE: DEALS 309
TABLE 320 WORLDLINE: OTHERS 310
12.1.10 ADYEN 311
TABLE 321 ADYEN: BUSINESS OVERVIEW 311
FIGURE 54 ADYEN COMPANY SNAPSHOT 312
TABLE 322 ADYEN: PRODUCTS OFFERED 312
TABLE 323 ADYEN: PRODUCT LAUNCHES 313
TABLE 324 ADYEN: DEALS 314
TABLE 325 ADYEN: OTHERS 316
12.1.11 ACI WORLDWIDE 317
TABLE 326 ACI WORLDWIDE: BUSINESS OVERVIEW 317
FIGURE 55 ACI WORLDWIDE: COMPANY SNAPSHOT 318
TABLE 327 ACI WORLDWIDE: PRODUCTS OFFERED 318
TABLE 328 ACI WORLDWIDE: PRODUCT LAUNCHES 319
TABLE 329 ACI WORLDWIDE: DEALS 320
12.1.12 TEMENOS 324
TABLE 330 TEMENOS: BUSINESS OVERVIEW 324
FIGURE 56 TEMENOS: COMPANY SNAPSHOT 325
TABLE 331 TEMENOS: PRODUCTS OFFERED 325
TABLE 332 TEMENOS: PRODUCT LAUNCHES/ENHANCEMENTS 326
TABLE 333 TEMENOS: DEALS 326
12.1.13 PAYU 328
TABLE 334 PAYU: BUSINESS OVERVIEW 328
TABLE 335 PAYU: PRODUCTS OFFERED 328
TABLE 336 PAYU: PRODUCT LAUNCHES 329
TABLE 337 PAYU: DEALS 329
TABLE 338 PAYU: OTHERS 330
12.1.14 APPLE 331
TABLE 339 APPLE: BUSINESS OVERVIEW 331
FIGURE 57 APPLE: COMPANY SNAPSHOT 332
TABLE 340 APPLE: PRODUCTS OFFERED 332
TABLE 341 APPLE: DEALS 333
12.1.15 FLEECTOR 334
12.1.16 JPMORGAN CHASE 335
12.1.17 WEX 336
12.1.18 VERIFONE 337
12.1.19 RIPPLE 337
*Details on Business Overview, Products offered, Recent Developments, MnM View might not be captured in case of unlisted companies.
12.2 OTHER PLAYERS 338
12.2.1 PAYTRACE 338
12.2.2 STAX 339
12.2.3 SPREEDLY 340
12.2.4 DWOLLA 340
12.2.5 BHARATPE 341
12.2.6 PAYSET 341
12.2.7 MATCHMOVE 342
12.2.8 PAYSEND 343
12.2.9 EBANX 343
12.2.10 AURUS 344
13 ADJACENT/RELATED MARKETS 345
13.1 PAYMENT PROCESSING SOLUTIONS MARKET 345
13.1.1 MARKET DEFINITION 345
13.1.2 MARKET OVERVIEW 345
13.1.3 PAYMENT PROCESSING SOLUTIONS MARKET, BY PAYMENT METHOD 345
TABLE 342 PAYMENT PROCESSING SOLUTIONS MARKET, BY PAYMENT METHOD, 2018–2022 (USD MILLION) 345
TABLE 343 PAYMENT PROCESSING SOLUTIONS MARKET, BY PAYMENT METHOD, 2023–2028 (USD MILLION) 346
TABLE 344 PAYMENT PROCESSING SOLUTIONS MARKET, BY VERTICAL, 2018–2022 (USD MILLION) 346
TABLE 345 PAYMENT PROCESSING SOLUTIONS MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 347
TABLE 346 PAYMENT PROCESSING SOLUTIONS MARKET, BY REGION, 2018–2022 (USD MILLION) 347
TABLE 347 PAYMENT PROCESSING SOLUTIONS MARKET, BY REGION, 2023–2028 (USD MILLION) 347
13.2 B2B DIGITAL PAYMENT MARKET 348
13.2.1 MARKET DEFINITION 348
13.2.2 MARKET OVERVIEW 348
13.2.3 B2B DIGITAL PAYMENT MARKET, BY OFFERING 348
TABLE 348 B2B DIGITAL PAYMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION) 348
TABLE 349 B2B DIGITAL PAYMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION) 348
13.2.4 SOLUTIONS 349
TABLE 350 SOLUTIONS: B2B DIGITAL PAYMENT MARKET, BY TYPE, 2018–2022 (USD MILLION) 349
TABLE 351 SOLUTIONS: B2B DIGITAL PAYMENT MARKET, BY TYPE, 2023–2028 (USD MILLION) 349
13.2.5 SERVICES 350
TABLE 352 SERVICES: B2B DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 350
TABLE 353 SERVICES: B2B DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 350
14 APPENDIX 351
14.1 DISCUSSION GUIDE 351
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 354
14.3 CUSTOMIZATION OPTIONS 356
14.4 RELATED REPORTS 356
14.5 AUTHOR DETAILS 357