Digital Payment Market Research Report - Global Forecast till 2027

Global Digital Payment Market Research Report: By Component (Solution and Services), By Deployment (Cloud and On-Premise), By Organization Size (Large Enterprise and Small & Medium Enterprises (SMEs)), By Vertical (BFSI, Media & Entertainment, IT & Telecommunication, Hospitality, Healthcare, Retail & E-Commerce and others) - Forecast till 2027

ID: MRFR/ICT/6103-CR | August 2019 | Region: Global | 111 pages

Please note that the assessment period of report has been updated from 2018-2025 to 2020-2027. Cordially fill the sample form for updated data.

Impact of Covid-19 Outbreak on Digital Payments Market


The Digital Payments Market is expected to boom in sectors such as online gaming, OTT (over-the-top) media such as Netflix, YouTube, and Amazon Prime, online grocery purchase or food delivery apps such as Instacart, Amazon, Doordash; and video streaming and meeting apps such as Huawei Cloud WeLink, Skype, and ZOOM Cloud Meetings in the first half of 2020, while sectors such as airlines, travel & hospitality (tourism), malls/retail, theaters, and restaurants are facing a negative impact due to the COVID-19 pandemic.


As per the recommendations of the World Health Organization (WHO), the government of India has urged its citizens to use non-cash and contactless modes of payment (such as NEFT, IMPS, UPI, and BBPS), and has ensured the facilitation of fund transfers, purchase of goods/services, and payment of bills. In India, COVID-19 has led to an increase in online/digital payment transactions. Many retailers, as well as stand-alone shops, have been forced to shut their brick and mortar stores and sell exclusively through online channels.
Digital Payments Market


Source: MRFR Analysis


As per MRFR analysis, the sales in China decreased by more than 40% during the lockdown (1st quarter of 2020). A comparable impact is expected in India, as the digital payments sector is estimated to have registered a decline of around 30% in transaction value in March. The in-person digital transactions have been directly hit as public places such as malls/theatres, transportation, hospitality, air travel, retail, and enterprises have been completely shut since March 23rd, 2020. The total payment volumes have shrunk due to the reduction in consumption and trade.


Almost one-third of the digital payments in the country are from OTA (online travel aggregators), movie theatres, event booking portals, and shopping. With these sectors closed, the digital payments market is expected to dip in the first half of 2020. Thus, the digital payment vendors in the country are expected to be directly affected by reduced sales. One of the leading online payment solutions providers—Razorpay and payment gateway platform—CCAvenue stated that the number of transactions in the travel segment has reduced by nearly 40%. Meanwhile, offline aggregators and service providers, have stated that closed shops in metro cities have led to a decrease in the daily volumes of payment transactions. Also, the digital remittance market is expected to decline in the year 2020, as most of the migrant workers and small and medium enterprises are shut due to the lockdown. Hence, the digital payments market is expected to be affected negatively.

1 Executive Summary

2 Market Introduction

2.1 Definition 17

2.2 Scope of the Study 17

2.3 Market Structure 18

3 Market Insights

4 Research Methodology

4.1 Research Process 21

4.2 Primary Research 22

4.3 Secondary Research 23

4.4 Market Size Estimation 24

4.5 Forecast Model 25

4.6 List of Assumptions 26

5 Market Dynamics

5.1 Introduction 27

5.2 Drivers 27

5.2.1 Initiatives to Promote Digital Payment Adoption 27

5.2.2 Increasing Number of Smartphone Users 28

5.2.3 Changing Consumer Buying Behaviour 28

5.2.4 Drivers Impact Analysis 29

5.3 Restraints 29

5.3.1 Security Concerns Regarding Online Payment 29

5.3.2 Lack of Digital Literacy 30

5.3.3 Restraint Impact Analysis 30

5.4 Challenge 30

5.4.1 Lack of Standards for Cross-Border Payments 30

5.5 Opportunities 31

5.5.1 Need to Decrease Unbanked Population 31

5.5.2 Changes in Regulatory Frameworks 31

5.6 Market Trends 32

6 Market Factor Analysis

6.1 Value Chain Analysis 33

6.2 Porter’s Five Forces Model 34

6.2.1 Threat of New Entrants 34

6.2.2 Bargaining Power of Suppliers 35

6.2.3 Bargaining Power of Buyers 35

6.2.4 Threat of Substitutes 35

6.2.5 Intensity of Rivalry 35

7 Global Digital Payment Market, by Component

7.1 Overview 36

7.2 Solution 37

7.2.1 Point of Sale 38

7.2.1.1 Point of Sale: Market Estimates & Forecast, by Region, 2020-2027 38

7.2.2 Payment Gateway 39

7.2.2.1 Payment Gateway: Market Estimates & Forecast, by Region, 2020-2027 39

7.2.3 Payment Processing 39

7.2.3.1 Payment Processing: Market Estimates & Forecast, by Region, 2020-2027 40

7.2.4 Payment Wallet 40

7.2.4.1 Payment Wallet: Market Estimates & Forecast, by Region, 2020-2027 41

7.2.5 Payment Security 41

7.2.5.1 Payment Security: Market Estimates & Forecast, by Region, 2020-2027 42

7.2.6 Payment Fraud Management 42

7.2.6.1 Payment Fraud Management: Market Estimates & Forecast, by Region, 2020-2027 43

7.3 Services 43

7.3.1 Services: Market Estimates & Forecast, by Region, 2020-2027 44

8 Global Digital Payment Market, by Deployment

8.1 Overview 45

8.2 Cloud 46

8.2.1 Cloud: Market Estimates & Forecast, by Region, 2020-2027 46

8.3 On-Premise 47

8.3.1 On-Premise: Market Estimates & Forecast, by Region, 2020-2027 47


9 Global Digital Payment Market, by Organization Size

9.1 Overview 48

9.2 Small & Medium Enterprise (SMEs) 49

9.2.1 Small & Medium Enterprise: Market Estimates & Forecast, by Region, 2020-2027 49

9.3 Large Enterprise 50

9.3.1 Large Enterprise: Market Estimates & Forecast, by Region, 2020-2027 50

10 Global Digital Payment Market, by Vertical

10.1 Overview 51

10.2 BFSI 52

10.2.1 BFSI: Market Estimates & Forecast, by Region, 2020-2027 52

10.3 Healthcare 53

10.3.1 Healthcare: Market Estimates & Forecast, by Region, 2020-2027 53

10.4 IT & Telecommunication 54

10.4.1 IT & Telecommunication: Market Estimates & Forecast, by Region, 2020-2027 54

10.5 Retail & E-Commerce 55

10.5.1 Retail & E-commerce: Market Estimates & Forecast, by Region, 2020-2027 55

10.6 Media & Entertainment 55

10.6.1 Media & Entertainment: Market Estimates & Forecast, by Region, 2020-2027 56

10.7 Hospitality 56

10.7.1 Hospitality: Market Estimates & Forecast, by Region, 2020-2027 56

10.8 Others 57

10.8.1 Others: Market Estimates & Forecast, by Region, 2020-2027 57

11 Global Digital Payment Market, by Region

11.1 Overview 58

11.2 North America 59

11.2.1 US 62

11.2.2 Canada 64

11.2.3 Mexico 66

11.3 Europe 69

11.3.1 UK 72

11.3.2 France 74

11.3.3 Germany 76

11.3.4 Rest of Europe 78


11.4 Asia-Pacific 80

11.4.1 China 82

11.4.2 Japan 85

11.4.3 India 87

11.4.4 Rest of Asia-Pacific 89

11.5 South America 92

11.6 Middle East & Africa 95

12 Competitive Landscape

12.1 Competitive Overview 98

12.2 Competitive Benchmarking 99

12.3 Market Share Analysis 100

12.4 Key Developments and Growth Strategies 100

12.4.1 New Product Launch/Product Enhancement 100

12.4.2 Acquisition and Expansion 102

12.4.3 Partnerships 104

12.4.4 Contracts & Agreement 107

13 Company Profiles

13.1 Fiserv, Inc. 109

13.1.1 Company Overview 109

13.1.2 Financial Overview 110

13.1.3 Products/Services/Solutions Offered 110

13.1.4 Key Developments 111

13.1.5 SWOT Analysis 112

13.1.6 Key Strategies 112

13.2 Novatti Group Limited 113

13.2.1 Company Overview 113

13.2.2 Financial Overview 114

13.2.3 Products/Services/Solutions Offered 115

13.2.4 Key Developments 115

13.2.5 SWOT Analysis 116

13.2.6 Key Strategies 116

13.3 ACI Worldwide, Inc. 117

13.3.1 Company Overview 117

13.3.2 Financial Overview 118

13.3.3 Products/Services/Solutions Offered 118

13.3.4 Key Developments 119

13.3.5 SWOT Analysis 120

13.3.6 Key Strategies 120

13.4 PayU 121

13.4.1 Company Overview 121

13.4.2 Financial Overview 121

13.4.3 Products/Services/Solutions Offered 121

13.4.4 Key Developments 121

13.4.5 SWOT Analysis 122

13.4.6 Key Strategies 122

13.5 Aliant Payments Systems Inc. 123

13.5.1 Company Overview 123

13.5.2 Financial Overview 123

13.5.3 Products/Services/Solutions Offered 123

13.5.4 Key Developments 124

13.5.5 SWOT Analysis 124

13.6 Aurus Inc. 125

13.6.1 Company Overview 125

13.6.2 Financial Overview 125

13.6.3 Products/Services/Solutions Offered 125

13.6.4 Key Developments 126

13.7 BlueSnap Inc. 127

13.7.1 Company Overview 127

13.7.2 Financial Overview 127

13.7.3 Products/Services/Solutions Offered 127

13.7.4 Key Developments 128

13.8 PayPal Holdings, Inc. 129

13.8.1 Company Overview 129

13.8.2 Financial Overview 129

13.8.3 Products/Services/Solutions Offered 130

13.8.4 Key Developments 130

13.8.5 SWOT Analysis 131

13.8.6 Key Strategies 131


13.9 Stripe 132

13.9.1 Company Overview 132

13.9.2 Financial Overview 132

13.9.3 Products/Services/Solutions Offered 132

13.9.4 Key Developments 133

13.9.5 Key Strategies 133

13.10 Worldpay, Inc. 134

13.10.1 Company Overview 134

13.10.2 Financial Overview 134

13.10.3 Products/Services/Solutions Offered 135

13.10.4 Key Developments 135

13.10.5 SWOT Analysis 136

13.11 Adyen NV 137

13.11.1 Company Overview 137

13.11.2 Financial Overview 137

13.11.3 Products/Services/Solutions Offered 138

13.11.4 Key Developments 138

13.11.1 SWOT Analysis 139

13.11.2 Key Strategies 139

13.12 First Data Corp. 140

13.12.1 Company Overview 140

13.12.2 Financial Overview 140

13.12.3 Products/Services/Solutions Offered 141

13.12.4 Key Developments 141

13.12.5 SWOT Analysis 142

13.12.6 Key Strategies 142

13.13 Global Payments, Inc. 143

13.13.1 Company Overview 143

13.13.2 Financial Overview 143

13.13.3 Products/Services/Solutions Offered 144

13.13.4 Key Developments 144

13.13.5 SWOT Analysis 145

13.13.6 Key Strategies 145


13.14 Wirecard AG 146

13.14.1 Company Overview 146

13.14.2 Financial Overview 146

13.14.3 Products/Services/Solutions Offered 147

13.14.4 Key Developments 147

13.14.5 SWOT Analysis 148

13.14.6 Key Strategies 148

13.15 YapStone Inc. 149

13.15.1 Company Overview 149

13.15.2 Financial Overview 149

13.15.3 Products/Services/Solutions Offered 149

13.15.4 Key Developments 149


14 List of Tables

TABLE 1 LIST OF ASSUMPTIONS 26

TABLE 2 GLOBAL DIGITAL PAYMENT MARKET, BY COMPONENT, 2020–2027 (USD MILLION) 36

TABLE 3 POINT OF SALE: DIGITAL PAYMENT MARKET ESTIMATES & FORECAST, BY REGION (USD MILLION) 38

TABLE 4 PAYMENT GATEWAY: DIGITAL PAYMENT MARKET ESTIMATES & FORECAST, BY REGION (USD MILLION) 39

TABLE 5 PAYMENT PROCESSING: DIGITAL PAYMENT MARKET ESTIMATES & FORECAST, BY REGION (USD MILLION) 40

TABLE 6 PAYMENT WALLET: DIGITAL PAYMENT MARKET ESTIMATES & FORECAST, BY REGION (USD MILLION) 41

TABLE 7 PAYMENT SECURITY: DIGITAL PAYMENT MARKET ESTIMATES & FORECAST, BY REGION (USD MILLION) 42

TABLE 8 PAYMENT FRAUD MANAGEMENT: DIGITAL PAYMENT MARKET ESTIMATES & FORECAST, BY REGION (USD MILLION) 43

TABLE 9 SERVICES: DIGITAL PAYMENT MARKET ESTIMATES & FORECAST, BY REGION (USD MILLION) 44

TABLE 10 GLOBAL DIGITAL PAYMENT MARKET, BY DEPLOYMENT, 2020–2027 (USD MILLION) 46

TABLE 11 CLOUD: DIGITAL PAYMENT MARKET ESTIMATES & FORECAST, BY REGION (USD MILLION) 46

TABLE 12 ON-PREMISE: DIGITAL PAYMENT MARKET ESTIMATES & FORECAST, BY REGION (USD MILLION) 47

TABLE 13 GLOBAL DIGITAL PAYMENT MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION) 48

TABLE 14 SMALL & MEDIUM ENTERPRISE: DIGITAL PAYMENT MARKET ESTIMATES & FORECAST, BY REGION (USD MILLION) 49

TABLE 15 LARGE ENTERPRISE: DIGITAL PAYMENT MARKET ESTIMATES & FORECAST, BY REGION (USD MILLION) 50

TABLE 16 GLOBAL DIGITAL PAYMENT MARKET, BY VERTICAL, 2020–2027 (USD MILLION) 51

TABLE 17 BFSI: DIGITAL PAYMENT MARKET ESTIMATES & FORECAST, BY REGION (USD MILLION) 52

TABLE 18 HEALTHCARE: DIGITAL PAYMENT MARKET ESTIMATES & FORECAST, BY REGION (USD MILLION) 53

TABLE 19 IT & TELECOMMUNICATION: DIGITAL PAYMENT MARKET ESTIMATES & FORECAST, BY REGION (USD MILLION) 54

TABLE 20 RETAIL & E-COMMERCE: DIGITAL PAYMENT MARKET ESTIMATES & FORECAST, BY REGION (USD MILLION) 55

TABLE 21 MEDIA & ENTERTAINMENT: DIGITAL PAYMENT MARKET ESTIMATES & FORECAST, BY REGION (USD MILLION) 56

TABLE 22 HOSPITALITY: DIGITAL PAYMENT MARKET ESTIMATES & FORECAST, BY REGION (USD MILLION) 56

TABLE 23 OTHERS: DIGITAL PAYMENT MARKET ESTIMATES & FORECAST, BY REGION (USD MILLION) 57

TABLE 24 GLOBAL DIGITAL PAYMENT MARKET, BY REGION, 2020–2027 (USD MILLION) 58

TABLE 25 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 59

TABLE 26 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY COMPONENT, 2020–2027 (USD MILLION) 60

TABLE 27 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY SOLUTION, 2020–2027 (USD MILLION) 60

TABLE 28 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY DEPLOYMENT, 2020–2027 (USD MILLION) 60

TABLE 29 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY ORGANISATION SIZE, 2020–2027 (USD MILLION) 61

TABLE 30 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY VERTICAL, 2020–2027 (USD MILLION) 61

TABLE 31 US: DIGITAL PAYMENT MARKET, BY COMPONENT, 2020–2027 (USD MILLION) 62

TABLE 32 US: DIGITAL PAYMENT MARKET, BY SOLUTION, 2020–2027 (USD MILLION) 62

TABLE 33 US: DIGITAL PAYMENT MARKET, BY DEPLOYMENT, 2020–2027 (USD MILLION) 63

TABLE 34 US: DIGITAL PAYMENT MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION) 63

TABLE 35 US: DIGITAL PAYMENT MARKET, BY VERTICAL, 2020–2027 (USD MILLION) 63

TABLE 36 CANADA: DIGITAL PAYMENT MARKET, BY COMPONENT, 2020–2027 (USD MILLION) 64

TABLE 37 CANADA: DIGITAL PAYMENT MARKET, BY SOLUTION, 2020–2027 (USD MILLION) 64

TABLE 38 CANADA: DIGITAL PAYMENT MARKET, BY DEPLOYMENT, 2020–2027 (USD MILLION) 65

TABLE 39 CANADA: DIGITAL PAYMENT MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION) 65

TABLE 40 CANADA: DIGITAL PAYMENT MARKET, BY VERTICAL, 2020–2027 (USD MILLION) 65

TABLE 41 MEXICO: DIGITAL PAYMENT MARKET, BY COMPONENT, 2020–2027 (USD MILLION) 66

TABLE 42 MEXICO: DIGITAL PAYMENT MARKET, BY SOLUTION, 2020–2027 (USD MILLION) 66

TABLE 43 MEXICO: DIGITAL PAYMENT MARKET, BY DEPLOYMENT, 2020–2027 (USD MILLION) 67

TABLE 44 MEXICO: DIGITAL PAYMENT MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION) 67

TABLE 45 MEXICO: DIGITAL PAYMENT MARKET, BY VERTICAL, 2020–2027 (USD MILLION) 68

TABLE 46 EUROPE: DIGITAL PAYMENT MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 69

TABLE 47 EUROPE: DIGITAL PAYMENT MARKET, BY COMPONENT, 2020–2027 (USD MILLION) 70

TABLE 48 EUROPE: DIGITAL PAYMENT MARKET, BY SOLUTION, 2020–2027 (USD MILLION) 70

TABLE 49 EUROPE: DIGITAL PAYMENT MARKET, BY DEPLOYMENT, 2020–2027 (USD MILLION) 71

TABLE 50 EUROPE: DIGITAL PAYMENT MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION) 71

TABLE 51 EUROPE: DIGITAL PAYMENT MARKET, BY VERTICAL, 2020–2027 (USD MILLION) 71

TABLE 52 UK: DIGITAL PAYMENT MARKET, BY COMPONENT, 2020–2027 (USD MILLION) 72

TABLE 53 UK: DIGITAL PAYMENT MARKET, BY SOLUTION, 2020–2027 (USD MILLION) 72

TABLE 54 UK: DIGITAL PAYMENT MARKET, BY DEPLOYMENT, 2020–2027 (USD MILLION) 73

TABLE 55 UK: DIGITAL PAYMENT MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION) 73

TABLE 56 UK: DIGITAL PAYMENT MARKET, BY VERTICAL, 2020–2027 (USD MILLION) 73

TABLE 57 FRANCE: DIGITAL PAYMENT MARKET, BY COMPONENT, 2020–2027 (USD MILLION) 74

TABLE 58 FRANCE: DIGITAL PAYMENT MARKET, BY SOLUTION, 2020–2027 (USD MILLION) 74

TABLE 59 FRANCE: DIGITAL PAYMENT MARKET, BY DEPLOYMENT, 2020–2027 (USD MILLION) 75

TABLE 60 FRANCE: DIGITAL PAYMENT MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION) 75

TABLE 61 FRANCE: DIGITAL PAYMENT MARKET, BY VERTICAL, 2020–2027 (USD MILLION) 75

TABLE 62 GERMANY: DIGITAL PAYMENT MARKET, BY COMPONENT, 2020–2027 (USD MILLION) 76

TABLE 63 GERMANY: DIGITAL PAYMENT MARKET, BY SOLUTION, 2020–2027 (USD MILLION) 76

TABLE 64 GERMANY: DIGITAL PAYMENT MARKET, BY DEPLOYMENT, 2020–2027 (USD MILLION) 77

TABLE 65 GERMANY: DIGITAL PAYMENT MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION) 77

TABLE 66 GERMANY: DIGITAL PAYMENT MARKET, BY VERTICAL, 2020–2027 (USD MILLION) 77

TABLE 67 REST OF EUROPE: DIGITAL PAYMENT MARKET, BY COMPONENT, 2020–2027 (USD MILLION) 78

TABLE 68 REST OF EUROPE: DIGITAL PAYMENT MARKET, BY SOLUTION, 2020–2027 (USD MILLION) 78

TABLE 69 REST OF EUROPE: DIGITAL PAYMENT MARKET, BY DEPLOYMENT, 2020–2027 (USD MILLION) 79

TABLE 70 REST OF EUROPE: DIGITAL PAYMENT MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION) 79

TABLE 71 REST: DIGITAL PAYMENT MARKET, BY VERTICAL, 2020–2027 (USD MILLION) 79

TABLE 72 ASIA-PACIFIC: DIGITAL PAYMENT MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 80

TABLE 73 ASIA-PACIFIC: DIGITAL PAYMENT MARKET, BY COMPONENT, 2020–2027 (USD MILLION) 81

TABLE 74 ASIA-PACIFIC: DIGITAL PAYMENT MARKET, BY SOLUTION, 2020–2027 (USD MILLION) 81

TABLE 75 ASIA-PACIFIC: DIGITAL PAYMENT MARKET, BY DEPLOYMENT, 2020–2027 (USD MILLION) 81

TABLE 76 ASIA-PACIFIC: DIGITAL PAYMENT MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION) 82

TABLE 77 ASIA-PACIFIC: DIGITAL PAYMENT MARKET, BY VERTICAL, 2020–2027 (USD MILLION) 82

TABLE 78 CHINA: DIGITAL PAYMENT MARKET, BY COMPONENT, 2020–2027 (USD MILLION) 83

TABLE 79 CHINA: DIGITAL PAYMENT MARKET, BY SOLUTION, 2020–2027 (USD MILLION) 83

TABLE 80 CHINA: DIGITAL PAYMENT MARKET, BY DEPLOYMENT, 2020–2027 (USD MILLION) 84

TABLE 81 CHINA: DIGITAL PAYMENT MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION) 84

TABLE 82 CHINA: DIGITAL PAYMENT MARKET, BY VERTICAL, 2020–2027 (USD MILLION) 84

TABLE 83 JAPAN: DIGITAL PAYMENT MARKET, BY COMPONENT, 2020–2027 (USD MILLION) 85

TABLE 84 JAPAN: DIGITAL PAYMENT MARKET, BY SOLUTION, 2020–2027 (USD MILLION) 85

TABLE 85 JAPAN: DIGITAL PAYMENT MARKET, BY DEPLOYMENT, 2020–2027 (USD MILLION) 86

TABLE 86 JAPAN BY: DIGITAL PAYMENT MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION) 86

TABLE 87 JAPAN: DIGITAL PAYMENT MARKET, BY VERTICAL, 2020–2027 (USD MILLION) 86

TABLE 88 INDIA: DIGITAL PAYMENT MARKET, BY COMPONENT, 2020–2027 (USD MILLION) 87

TABLE 89 INDIA: DIGITAL PAYMENT MARKET, BY SOLUTION, 2020–2027 (USD MILLION) 87

TABLE 90 INDIA: DIGITAL PAYMENT MARKET, BY DEPLOYMENT, 2020–2027 (USD MILLION) 88

TABLE 91 INDIA: DIGITAL PAYMENT MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION) 88

TABLE 92 INDIA: DIGITAL PAYMENT MARKET, BY VERTICAL, 2020–2027 (USD MILLION) 89

TABLE 93 REST OF ASIA-PACIFIC: DIGITAL PAYMENT MARKET, BY COMPONENT, 2020–2027 (USD MILLION) 89

TABLE 94 REST OF ASIA-PACIFIC: DIGITAL PAYMENT MARKET, BY SOLUTION, 2020–2027 (USD MILLION) 90

TABLE 95 REST OF ASIA-PACIFIC: DIGITAL PAYMENT MARKET, BY DEPLOYMENT, 2020–2027 (USD MILLION) 90

TABLE 96 REST OF ASIA-PACIFIC: DIGITAL PAYMENT MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION) 90

TABLE 97 REST OF ASIA-PACIFIC: DIGITAL PAYMENT MARKET, BY VERTICAL, 2020–2027 (USD MILLION) 91

TABLE 98 SOUTH AMERICAN: DIGITAL PAYMENT MARKET, BY COMPONENT, 2020–2027 (USD MILLION) 92

TABLE 99 SOUTH AMERICAN: DIGITAL PAYMENT MARKET, BY SOLUTION, 2020–2027 (USD MILLION) 92

TABLE 100 SOUTH AMERICAN: DIGITAL PAYMENT MARKET, BY DEPLOYMENT, 2020–2027 (USD MILLION) 93

TABLE 101 SOUTH AMERICAN: DIGITAL PAYMENT MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION) 93

TABLE 102 SOUTH AMERICAN: DIGITAL PAYMENT MARKET, BY VERTICAL, 2020–2027 (USD MILLION) 94

TABLE 103 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY COMPONENT, 2020–2027 (USD MILLION) 95

TABLE 104 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY SOLUTION, 2020–2027 (USD MILLION) 95

TABLE 105 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY DEPLOYMENT, 2020–2027 (USD MILLION) 96

TABLE 106 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION) 96

TABLE 107 MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET, BY VERTICAL, 2020–2027 (USD MILLION) 97

TABLE 108 NEW PRODUCT LAUNCH/PRODUCT ENHANCEMENT 100

TABLE 109 ACQUISITION AND EXPANSION 102

TABLE 110 PARTNERSHIPS 104

TABLE 111 CONTRACTS & AGREEMENT 107

TABLE 112 YAPSTONE INC.: PRODUCTS OFFERINGS 149


15 List of Figures

FIGURE 1 MARKET SYNOPSIS 16

FIGURE 2 MARKET STRUCTURE: GLOBAL DIGITAL PAYMENT MARKET 18

FIGURE 3 NORTH AMERICA MARKET SIZE & MARKET SHARE BY COUNTRY (2020 VS 2027) 19

FIGURE 4 EUROPE MARKET SIZE & MARKET SHARE BY COUNTRY (2020 VS 2027) 19

FIGURE 5 ASIA-PACIFIC MARKET SIZE & MARKET SHARE BY COUNTRY (2020 VS 2027) 20

FIGURE 6 RESEARCH PROCESS OF MRFR 21

FIGURE 7 TOP DOWN & BOTTOM UP APPROACH 25

FIGURE 8 MARKET DYNAMICS ANALYSIS OF THE GLOBAL DIGITAL PAYMENT MARKET 27

FIGURE 9 DRIVERS IMPACT ANALYSIS OF GLOBAL DIGITAL PAYMENT MARKET 29

FIGURE 10 RESTRAINTS IMPACT ANALYSIS OF THE GLOBAL DIGITAL PAYMENT MARKET 30

FIGURE 11 MARKET TRENDS: GLOBAL DIGITAL PAYMENT MARKET 32

FIGURE 12 VALUE CHAIN: DIGITAL PAYMENT MARKET 33

FIGURE 13 PORTER'S FIVE FORCES ANALYSIS OF THE GLOBAL DIGITAL PAYMENT MARKET 34

FIGURE 14 GLOBAL DIGITAL PAYMENT MARKET, BY COMPONENT, 2020 VS 2027 (USD MILLION) 36

FIGURE 15 SOLUTION: DIGITAL PAYMENT MARKET ESTIMATES & FORECAST, BY TYPE 37

FIGURE 16 GLOBAL DIGITAL PAYMENT MARKET, BY DEPLOYMENT, 2020 VS 2027 (USD MILLION) 45

FIGURE 17 GLOBAL DIGITAL PAYMENT MARKET, BY ORGANIZATION SIZE, 2020 VS 2027 (USD MILLION) 48

FIGURE 18 GLOBAL DIGITAL PAYMENT MARKET, BY VERTICAL, 2020 VS 2027 (USD MILLION) 51

FIGURE 19 GLOBAL DIGITAL PAYMENT MARKET, BY REGION, 2020 VS 2027 (USD MILLION) 58

FIGURE 20 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY COUNTRY, 2020 VS 2027 (USD MILLION) 59

FIGURE 21 EUROPE: DIGITAL PAYMENT MARKET, BY COUNTRY, 2020 VS 2027 (USD MILLION) 69

FIGURE 22 ASIA-PACIFIC: DIGITAL PAYMENT MARKET, BY COUNTRY, 2020 VS 2027 (USD MILLION) 80

FIGURE 23 BENCHMARKING OF MAJOR COMPETITORS 99

FIGURE 24 MAJOR PLAYERS MARKET SHARE ANALYSIS, 2020 (%) 100