TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 21
2 MARKET INTRODUCTION 23
2.1 DEFINITION 23
2.2 SCOPE OF THE STUDY 23
2.3 RESEARCH OBJECTIVE 23
2.4 MARKET STRUCTURE 24
3 RESEARCH METHODOLOGY 25
4 MARKET DYNAMICS 31
4.1 INTRODUCTION 31
4.2 DRIVERS 32
4.2.1 INCREASING DIGITAL PAYMENT TRANSACTIONS IN E-COMMERCE AND M-COMMERCE 32
4.2.2 NEED FOR USER-FRIENDLY METHODS FOR DIGITAL PAYMENTS AND RESERVATIONS 32
4.3 RESTRAINTS 33
4.3.1 SECURITY CONCERNS REGARDING DIGITAL PAYMENT 33
4.3.2 INCREASING RATE OF CYBER-ATTACKS IN BANKING SOLUTIONS 34
4.4 OPPORTUNITY 35
4.4.1 RISING REAL TIME PAYMENT MODES OVER THE PANDEMIC 35
4.4.2 GROWING USE OF SMARTPHONES FOR DIGITAL PAYMENTS 36
4.5 IMPACT OF COVID-19 36
4.5.1 IMPACT OF COVID-19 ON IT & TELECOM INDUSTRY 36
4.5.2 IMPACT ON COVID-19 ON BUSINESSES ACROSS VARIOUS INDUSTRY VERTICALS 37
4.5.3 IMPACT ON DEMAND FROM EMERGING ECONOMIES 37
4.5.4 IMPACT ANALYSIS ON BANKING SECTOR 37
5 MARKET FACTOR ANALYSIS 38
5.1 VALUE CHAIN ANALYSIS 38
5.1.1 PAYMENT PLATFORM DEVELOPERS 38
5.1.2 SYSTEM INTEGRATORS 38
5.1.3 SERVICE PROVIDERS 39
5.1.4 END USERS 39
5.2 PORTER’S FIVE FORCES MODEL 39
5.2.1 THREAT OF NEW ENTRANTS 40
5.2.2 BARGAINING POWER OF SUPPLIERS 40
5.2.3 THREAT OF SUBSTITUTES 40
5.2.4 BARGAINING POWER OF BUYERS 40
5.2.5 INTENSITY OF RIVALRY 40
6 GLOBAL DIGITAL PAYMENT MARKET, BY COMPONENT 41
6.1 OVERVIEW 41
6.1.1 GLOBAL DIGITAL PAYMENT MARKET, BY COMPONENT, 2018–2032 (USD BILLION) 42
6.2 SOLUTION 42
6.2.1 GLOBAL DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2032 (USD BILLION) 42
6.2.2 POINT OF SALE 42
6.2.3 PAYMENT GATEWAY 42
6.2.4 PAYMENT PROCESSING 43
6.2.5 PAYMENT WALLET 43
6.2.6 PAYMENT SECURITY AND FRAUD MANAGEMENT SOLUTIONS 43
6.3 SERVICES 43
7 GLOBAL DIGITAL PAYMENT MARKET, BY DEPLOYMENT MODEL 44
7.1 OVERVIEW 44
7.1.1 GLOBAL DIGITAL PAYMENT MARKET, BY DEPLOYMENT MODEL, 2018–2032 (USD BILLION) 45
7.2 SAAS 45
7.3 PAAS 45
7.4 ON-PREMISE 45
8 GLOBAL DIGITAL PAYMENT MARKET, BY ORGANIZATION SIZE 46
8.1 OVERVIEW 46
8.1.1 GLOBAL DIGITAL PAYMENT MARKET, BY ORGANIZATION SIZE, 2018–2032 (USD BILLION) 47
8.2 SMALL & MEDIUM ENTERPRISE 47
8.3 LARGE ENTERPRISE 47
9 GLOBAL DIGITAL PAYMENT MARKET, BY VERTICAL 48
9.1 OVERVIEW 48
9.1.1 GLOBAL DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2032 (USD BILLION) 49
9.2 BFSI 49
9.2.1 GLOBAL DIGITAL PAYMENT MARKET, BY BFSI, 2018–2032 (USD BILLION) 49
9.2.2 BANKING 49
9.2.3 FINANCIAL SERVICES 51
9.2.4 INSURANCE 51
9.3 IT & TELECOMMUNICATION 51
9.4 RETAIL & E-COMMERCE 51
9.5 HOSPITALITY 51
9.6 HEALTHCARE 51
9.7 MEDIA & ENTERTAINMENT 52
9.8 OTHERS 52
10 GLOBAL DIGITAL PAYMENT MARKET, BY REGION 53
10.1 OVERVIEW 53
10.1.1 GLOBAL DIGITAL PAYMENT MARKET, BY REGION, 2022 VS 2032 (USD BILLION) 53
10.1.2 GLOBAL DIGITAL PAYMENT MARKET, BY REGION, 2018–2032 (USD BILLION) 54
10.2 NORTH AMERICA 55
10.2.1 NORTH AMERICA: DIGITAL PAYMENT MARKET, BY COUNTRY, 2018–2032 (USD BILLION) 56
10.2.2 NORTH AMERICA DIGITAL PAYMENT MARKET, BY COMPONENT, 2018–2032 (USD BILLION) 57
10.2.3 NORTH AMERICA DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2032 (USD BILLION) 57
10.2.4 NORTH AMERICA DIGITAL PAYMENT MARKET, BY DEPLOYMENT MODEL, 2018–2032 (USD BILLION) 58
10.2.5 NORTH AMERICA DIGITAL PAYMENT MARKET, BY ORGANIZATION SIZE, 2018–2032 (USD BILLION) 58
10.2.6 NORTH AMERICA DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2032 (USD BILLION) 59
10.2.7 NORTH AMERICA DIGITAL PAYMENT MARKET, BY BFSI, 2018–2032 (USD BILLION) 59
10.2.8 US 60
10.2.9 US DIGITAL PAYMENT MARKET, BY COMPONENT, 2018–2032 (USD BILLION) 60
10.2.10 US DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2032 (USD BILLION) 60
10.2.11 US DIGITAL PAYMENT MARKET, BY DEPLOYMENT MODEL, 2018–2032 (USD BILLION) 60
10.2.12 US DIGITAL PAYMENT MARKET, BY ORGANIZATION SIZE, 2018–2032 (USD BILLION) 61
10.2.13 US DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2032 (USD BILLION) 61
10.2.14 US DIGITAL PAYMENT MARKET, BY BFSI, 2018–2032 (USD BILLION) 61
10.2.15 CANADA 62
10.2.16 CANADA DIGITAL PAYMENT MARKET, BY COMPONENT, 2018–2032 (USD BILLION) 62
10.2.17 CANADA DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2032 (USD BILLION) 62
10.2.18 CANADA DIGITAL PAYMENT MARKET, BY DEPLOYMENT MODEL, 2018–2032 (USD BILLION) 62
10.2.19 CANADA DIGITAL PAYMENT MARKET, BY ORGANIZATION SIZE, 2018–2032 (USD BILLION) 63
10.2.20 CANADA DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2032 (USD BILLION) 63
10.2.21 CANADA DIGITAL PAYMENT MARKET, BY BFSI, 2018–2032 (USD BILLION) 63
10.2.22 MEXICO 64
10.2.23 MEXICO DIGITAL PAYMENT MARKET, BY COMPONENT, 2018–2032 (USD BILLION) 64
10.2.24 MEXICO DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2032 (USD BILLION) 64
10.2.25 MEXICO DIGITAL PAYMENT MARKET, BY DEPLOYMENT MODEL, 2018–2032 (USD BILLION) 64
10.2.26 MEXICO DIGITAL PAYMENT MARKET, BY ORGANIZATION SIZE, 2018–2032 (USD BILLION) 65
10.2.27 MEXICO DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2032 (USD BILLION) 65
10.2.28 MEXICO DIGITAL PAYMENT MARKET, BY BFSI, 2018–2032 (USD BILLION) 65
10.3 EUROPE 66
10.3.1 EUROPE: DIGITAL PAYMENT MARKET, BY COUNTRY, 2018–2032 (USD BILLION) 67
10.3.2 EUROPE DIGITAL PAYMENT MARKET, BY COMPONENT, 2018–2032 (USD BILLION) 68
10.3.3 EUROPE DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2032 (USD BILLION) 68
10.3.4 EUROPE DIGITAL PAYMENT MARKET, BY DEPLOYMENT MODEL, 2018–2032 (USD BILLION) 69
10.3.5 EUROPE DIGITAL PAYMENT MARKET, BY ORGANIZATION SIZE, 2018–2032 (USD BILLION) 69
10.3.6 EUROPE DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2032 (USD BILLION) 70
10.3.7 EUROPE DIGITAL PAYMENT MARKET, BY BFSI, 2018–2032 (USD BILLION) 70
10.3.8 UK 72
10.3.9 UK DIGITAL PAYMENT MARKET, BY COMPONENT, 2018–2032 (USD BILLION) 72
10.3.10 UK DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2032 (USD BILLION) 72
10.3.11 UK DIGITAL PAYMENT MARKET, BY DEPLOYMENT MODEL, 2018–2032 (USD BILLION) 72
10.3.12 UK DIGITAL PAYMENT MARKET, BY ORGANIZATION SIZE, 2018–2032 (USD BILLION) 73
10.3.13 UK DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2032 (USD BILLION) 73
10.3.14 UK DIGITAL PAYMENT MARKET, BY BFSI, 2018–2032 (USD BILLION) 73
10.3.15 GERMANY 74
10.3.16 GERMANY DIGITAL PAYMENT MARKET, BY COMPONENT, 2018–2032 (USD BILLION) 74
10.3.17 GERMANY DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2032 (USD BILLION) 74
10.3.18 GERMANY DIGITAL PAYMENT MARKET, BY DEPLOYMENT MODEL, 2018–2032 (USD BILLION) 74
10.3.19 GERMANY DIGITAL PAYMENT MARKET, BY ORGANIZATION SIZE, 2018–2032 (USD BILLION) 75
10.3.20 GERMANY DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2032 (USD BILLION) 75
10.3.21 GERMANY DIGITAL PAYMENT MARKET, BY BFSI, 2018–2032 (USD BILLION) 75
10.3.22 FRANCE 76
10.3.23 FRANCE DIGITAL PAYMENT MARKET, BY COMPONENT, 2018–2032 (USD BILLION) 76
10.3.24 FRANCE DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2032 (USD BILLION) 76
10.3.25 FRANCE DIGITAL PAYMENT MARKET, BY DEPLOYMENT MODEL, 2018–2032 (USD BILLION) 76
10.3.26 FRANCE DIGITAL PAYMENT MARKET, BY ORGANIZATION SIZE, 2018–2032 (USD BILLION) 77
10.3.27 FRANCE DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2032 (USD BILLION) 77
10.3.28 FRANCE DIGITAL PAYMENT MARKET, BY BFSI, 2018–2032 (USD BILLION) 77
10.3.29 REST OF EUROPE 78
10.3.30 REST OF EUROPE DIGITAL PAYMENT MARKET, BY COMPONENT, 2018–2032 (USD BILLION) 78
10.3.31 REST OF EUROPE DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2032 (USD BILLION) 78
10.3.32 REST OF EUROPE DIGITAL PAYMENT MARKET, BY DEPLOYMENT MODEL, 2018–2032 (USD BILLION) 78
10.3.33 REST OF EUROPE DIGITAL PAYMENT MARKET, BY ORGANIZATION SIZE, 2018–2032 (USD BILLION) 79
10.3.34 REST OF EUROPE DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2032 (USD BILLION) 79
10.3.35 REST OF EUROPE DIGITAL PAYMENT MARKET, BY BFSI, 2018–2032 (USD BILLION) 79
10.4 ASIA-PACIFIC 80
10.4.1 ASIA-PACIFIC: DIGITAL PAYMENT MARKET, BY COUNTRY, 2018–2032 (USD BILLION) 81
10.4.2 ASIA-PACIFIC DIGITAL PAYMENT MARKET, BY COMPONENT, 2018–2032 (USD BILLION) 82
10.4.3 ASIA-PACIFIC DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2032 (USD BILLION) 82
10.4.4 ASIA-PACIFIC DIGITAL PAYMENT MARKET, BY DEPLOYMENT MODEL, 2018–2032 (USD BILLION) 83
10.4.5 ASIA-PACIFIC DIGITAL PAYMENT MARKET, BY ORGANIZATION SIZE, 2018–2032 (USD BILLION) 83
10.4.6 ASIA-PACIFIC DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2032 (USD BILLION) 84
10.4.7 ASIA-PACIFIC DIGITAL PAYMENT MARKET, BY BFSI, 2018–2032 (USD BILLION) 84
10.4.8 CHINA 85
10.4.9 CHINA DIGITAL PAYMENT MARKET, BY COMPONENT, 2018–2032 (USD BILLION) 85
10.4.10 CHINA DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2032 (USD BILLION) 85
10.4.11 CHINA DIGITAL PAYMENT MARKET, BY DEPLOYMENT MODEL, 2018–2032 (USD BILLION) 85
10.4.12 CHINA DIGITAL PAYMENT MARKET, BY ORGANIZATION SIZE, 2018–2032 (USD BILLION) 86
10.4.13 CHINA DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2032 (USD BILLION) 86
10.4.14 CHINA DIGITAL PAYMENT MARKET, BY BFSI, 2018–2032 (USD BILLION) 86
10.4.15 JAPAN 87
10.4.16 JAPAN DIGITAL PAYMENT MARKET, BY COMPONENT, 2018–2032 (USD BILLION) 87
10.4.17 JAPAN DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2032 (USD BILLION) 87
10.4.18 JAPAN DIGITAL PAYMENT MARKET, BY DEPLOYMENT MODEL, 2018–2032 (USD BILLION) 87
10.4.19 JAPAN DIGITAL PAYMENT MARKET, BY ORGANIZATION SIZE, 2018–2032 (USD BILLION) 88
10.4.20 JAPAN DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2032 (USD BILLION) 88
10.4.21 JAPAN DIGITAL PAYMENT MARKET, BY BFSI, 2018–2032 (USD BILLION) 88
10.4.22 INDIA 89
10.4.23 INDIA DIGITAL PAYMENT MARKET, BY COMPONENT, 2018–2032 (USD BILLION) 89
10.4.24 INDIA DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2032 (USD BILLION) 89
10.4.25 INDIA DIGITAL PAYMENT MARKET, BY DEPLOYMENT MODEL, 2018–2032 (USD BILLION) 89
10.4.26 INDIA DIGITAL PAYMENT MARKET, BY ORGANIZATION SIZE, 2018–2032 (USD BILLION) 90
10.4.27 INDIA DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2032 (USD BILLION) 90
10.4.28 INDIA DIGITAL PAYMENT MARKET, BY BFSI, 2018–2032 (USD BILLION) 90
10.4.29 REST OF ASIA-PACIFIC 91
10.4.30 REST OF ASIA-PACIFIC DIGITAL PAYMENT MARKET, BY COMPONENT, 2018–2032 (USD BILLION) 91
10.4.31 REST OF ASIA-PACIFIC DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2032 (USD BILLION) 91
10.4.32 REST OF ASIA-PACIFIC DIGITAL PAYMENT MARKET, BY DEPLOYMENT MODEL, 2018–2032 (USD BILLION) 91
10.4.33 REST OF ASIA-PACIFIC DIGITAL PAYMENT MARKET, BY ORGANIZATION SIZE, 2018–2032 (USD BILLION) 92
10.4.34 REST OF ASIA-PACIFIC DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2032 (USD BILLION) 92
10.4.35 REST OF ASIA-PACIFIC DIGITAL PAYMENT MARKET, BY BFSI, 2018–2032 (USD BILLION) 92
10.5 MIDDLE EAST & AFRICA 94
10.5.1 MIDDLE EAST & AFRICA DIGITAL PAYMENT MARKET, BY COMPONENT, 2018–2032 (USD BILLION) 94
10.5.2 MIDDLE EAST & AFRICA DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2032 (USD BILLION) 95
10.5.3 MIDDLE EAST & AFRICA DIGITAL PAYMENT MARKET, BY DEPLOYMENT MODEL, 2018–2032 (USD BILLION) 95
10.5.4 MIDDLE EAST & AFRICA DIGITAL PAYMENT MARKET, BY ORGANIZATION SIZE, 2018–2032 (USD BILLION) 97
10.5.5 MIDDLE EAST & AFRICA DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2032 (USD BILLION) 98
10.5.6 MIDDLE EAST & AFRICA DIGITAL PAYMENT MARKET, BY BFSI, 2018–2032 (USD BILLION) 98
10.6 SOUTH AMERICA 99
10.6.1 SOUTH AMERICA DIGITAL PAYMENT MARKET, BY COMPONENT, 2018–2032 (USD BILLION) 99
10.6.2 SOUTH AMERICA DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2032 (USD BILLION) 100
10.6.3 SOUTH AMERICA DIGITAL PAYMENT MARKET, BY DEPLOYMENT MODEL, 2018–2032 (USD BILLION) 100
10.6.4 SOUTH AMERICA DIGITAL PAYMENT MARKET, BY ORGANIZATION SIZE, 2018–2032 (USD BILLION) 101
10.6.5 SOUTH AMERICA DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2032 (USD BILLION) 102
10.6.6 SOUTH AMERICA DIGITAL PAYMENT MARKET, BY BFSI, 2018–2032 (USD BILLION) 102
11 COMPETITIVE LANDSCAPE 103
11.1 COMPETITIVE BENCHMARKING 105
11.2 VENDOR SHARE ANALYSIS 106
11.3 RECENT DEVELOPMENTS 106
11.3.1 COLLABORATION, PARTNERSHIP AND AGREEMENT 106
11.3.2 ACQUISITION/MERGER 109
11.3.3 PRODUCT LAUNCH/DEVELOPMENT 112
11.3.4 BUSINESS EXPANSION 114
11.3.5 OTHERS 114
12 COMPANY PROFILE 116
12.1 FISERV, INC. 116
12.1.1 COMPANY OVERVIEW 116
12.1.2 FINANCIAL OVERVIEW 117
12.1.3 PRODUCTS OFFERED 117
12.1.4 KEY DEVELOPMENTS 119
12.1.5 SWOT ANALYSIS 120
12.1.6 KEY STRATEGIES 121
12.2 FIDELITY NATIONAL INFORMATION SERVICES INC. (FIS) 122
12.2.1 COMPANY OVERVIEW 122
12.2.2 FINANCIAL OVERVIEW 123
12.2.3 PRODUCTS OFFERED 123
12.2.4 KEY DEVELOPMENTS 124
12.2.5 SWOT ANALYSIS 125
12.2.6 KEY STRATEGIES 125
12.3 SQAURE (BLOCK INC) 126
12.3.1 COMPANY OVERVIEW 126
12.3.2 FINANCIAL OVERVIEW 127
12.3.3 PRODUCTS OFFERED 127
12.3.4 KEY DEVELOPMENTS 128
12.3.5 SWOT ANALYSIS 128
12.3.6 KEY STRATEGIES 128
12.4 PAYPAL HOLDINGS, INC. 129
12.4.1 COMPANY OVERVIEW 129
12.4.2 FINANCIAL OVERVIEW 130
12.4.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 130
12.4.4 KEY DEVELOPMENTS 132
12.4.5 SWOT ANALYSIS 133
12.4.6 KEY STRATEGIES 133
12.5 STRIPE, INC. 134
12.5.1 COMPANY OVERVIEW 134
12.5.2 FINANCIAL OVERVIEW 134
12.5.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 134
12.5.4 KEY DEVELOPMENTS 135
12.5.5 SWOT ANALYSIS 136
12.5.6 KEY STRATEGIES 136
12.6 GLOBAL PAYMENTS INC. 137
12.6.1 COMPANY OVERVIEW 137
12.6.2 FINANCIAL OVERVIEW 138
12.6.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 138
12.6.4 KEY DEVELOPMENTS 139
12.6.5 SWOT ANALYSIS 140
12.6.6 KEY STRATEGIES 140
12.7 ACI WORLDWIDE 141
12.7.1 COMPANY OVERVIEW 141
12.7.2 FINANCIAL OVERVIEW 142
12.7.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 143
12.7.4 KEY DEVELOPMENTS 143
12.7.5 SWOT ANALYSIS 144
12.7.6 KEY STRATEGIES 144
12.8 JP MORGAN CHASE & CO. 146
12.8.1 COMPANY OVERVIEW 146
12.8.2 FINANCIAL OVERVIEW 147
12.8.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 147
12.8.4 KEY DEVELOPMENTS 148
12.8.5 SWOT ANALYSIS 149
12.8.6 KEY STRATEGIES 149
12.9 VISA INC. 150
12.9.1 COMPANY OVERVIEW 150
12.9.2 FINANCIAL OVERVIEW 151
12.9.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 152
12.9.4 KEY DEVELOPMENTS 153
12.9.5 SWOT ANALYSIS 153
12.9.6 KEY STRATEGIES 154
12.10 ELAVON INC. 155
12.10.1 COMPANY OVERVIEW 155
12.10.2 FINANCIAL OVERVIEW 155
