Question 1

Who are the key digital payments industry players?

Accepted Answer

Some of the major digital payment providers are PayPal Holdings, Inc., Visa Inc., Mastercard Incorporated, American Express Company, Square, Inc., Apple Inc. (Apple Pay), and Google LLC (Google Pay).

Question 2

How much is the digital payments market worth in APAC?

Accepted Answer

Asia Pacific recorded over 48% of the market share in 2022, owing to the rapid expansion in internet connectivity and increased smartphone adoption in the region.

Question 3

How big is the digital payments market?

Accepted Answer

The market size of digital payments in terms of transaction value was reached USD 8.4 trillion in 2022 and is anticipated to record over 16.5% CAGR from 2023 to 2032, due to the increasing adoption of smartphones and mobile devices.

Question 4

How is the digital payments industry influenced by the retail industry?

Accepted Answer

The retail end use segment held over 27% of the market share in 2022 and is estimated witness rapid growth by 2032, impelled by the surging need for convenient and improved customer experiences.

Digital Payments Market Share

Digital Payments Market Share

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