The size of the global digital payment market was estimated at USD 3.53 trillion in 2018 and is anticipated to grow at a CAGR of 24.4% to reach USD 19.89 trillion in transaction value by 2026.

The term "digital payment" describes the transfer of money using electronic devices like laptops, tablets, and smartphones. The last few years have seen constant advancements in this technology. The digital payment system has been expanded to include a wide range of new payment methods, including online purchases, card swapping, tapping NFC cards, and scanning codes. The adoption of digital payments is being boosted by this ongoing improvement and the variety of available payment methods. Additionally, the demand for digital payments is increasing as internet connectivity spreads to every location imaginable. Users are being encouraged to use digital marketing as a result of the widespread use of smartphones.

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DEMANDING INDUSTRY PLAYERS

MasterCard, Visa, PayPal, Google, Amazon, Alipay, and other major companies are some of the major players in the mobile payment technology market. By using tactics like partnerships and collaborations to offer digital payment solutions across the regions, these businesses are making a significant contribution to this market. The forecast for the digital payment market also shows that the players are heavily investing in tailoring their products to the needs of the market. The current payment methods have been taken into consideration when developing these innovations so that the provider adopting the new technology will not incur significant costs.

The companies that follow are a few of the major businesses profiled: 

• Alipay.com Co Ltd
• Amazon.com Inc.
• American Express Co.
• Facebook Inc.
• Google Inc.
• MasterCard International Inc.
• Microsoft Corporation
• PayPal Holdings Inc.
• Paytm
• Samsung Electronics Co. Ltd.
• Visa Inc.

The "Digital Payment Market Report 2030" from Fortune Business Insights is an in-depth overview of the market that covers over 60 geographies and provides high-level market segmentation for each one. The market in each geography is examined, along with market size by region and country, in the section on regional and national breakdowns. Additionally, it assesses the market's past and anticipated growth and highlights important trends and corporate expansion tactics.

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SCOPE AND SEGMENTATION ASSOCIATED WITH THE REPORT

By Payment Type: 

• Mobile Payment
• Proximity Payment
• Remote Payment
• Online Banking
• Point of Sale
• Debit Card @POS
• Credit Card @POS
• NFC Card
• Digital wallet

By Industry: 

• Media & Entertainment
• Retail
• BFSI
• Automotive
• Medical & Healthcare
• Transportation
• Consumer Electronics
• Others (Education, IT & Telecom, etc.)

Depending on where you are: 

• (The United States and Canada)
• Europe (the United Kingdom, Germany, France, Italy, and the rest of the continent)
• Asia-Pacific (including Southeast Asia, China, India, Japan, and the rest of the region)
• Latin America (including Brazil, Mexico, and the remainder of the region)
• South Africa, the Gulf Cooperation Council, and the rest of the Middle East and Africa

The study examines a number of crucial elements in order to comprehend the market, such as the most recent market dynamics, growth potential, and development trends, as well as market challenges, development threats, and risk factors. The information is easy to understand thanks to this comprehensive market overview. In addition to offering both short- and long-term market forecasts, the study also provides an analytical stance on the pertinent global market sector.

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What insights does the Digital Payment Market report provide to readers?

• Digital Payment Market Fragmentation on the Basis of Product Type, End User, and Region
• Comprehensive assessment of upstream starting materials, downstream demand, and the present market landscape.
• Collaborations, R&D projects, acquisitions, and product launches of each Digital Payment Market player
• The various rules governments have placed on using the Digital Payment Market are described in detail. 

The inspirations for investing in this report

• The research provides a detailed market overview by defining, describing, and classifying it.
• The study includes the SWOT analysis and business plans of each vendor in the industry.
• The report provides in-depth analyses of current market trends, trend forecasts, and growth drivers.
• The study thoroughly analyzes the business's competitive landscape and significant market strategies.

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