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Digital Payments Market Share

Report ID: GMI6211
Published Date: Jul 2023
Report Format: PDF

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Digital Payments Market Share

Major companies operating in the digital payment market are :

PayPal Holdings, Inc.
Visa Inc
Mastercard Incorporated
American Express Company
Square Inc.
Apple Inc. (Apple Pay)
Google LLC (Google Pay)

These companies are focused on strategic partnerships, new product launches, and commercialization efforts for market expansion. They are also heavily investing in research to introduce innovative products and garner the maximum market revenue.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

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.

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.

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.

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).