The Digital Payments Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Digital Payments Market?
The Digital Payments Global Market has seen a robust growth recently. The market size is projected to increase from $125.94 billion in 2024 to $137.43 billion in 2025 with a compound annual growth rate (CAGR) of 9.1%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Digital Payments Industry?
The Digital Payments Global Market is predicted to reach a value of $198.99 billion in 2029, expanding at a Compound Annual Growth Rate (CAGR) of 9.7%.
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What are the Key Growth Drivers Fueling the Digital Payments Market?
The key drivers in the digital payments market are:
• Growing implementation of smart cities and government initiatives promoting digital payments
• Surge in Internet of Things (IoT) and increased adoption of 5G networks
• Increase in internet penetration globally
• Impact of COVID-19 pandemic increasing demand for contactless transactions.
Global Market Segmentation: Identifying Major Digital Payments Industry Segments
The digital payments market covered in this report is segmented –
1) By Mode Of Payment: Point Of Sale, Online Sale
2) By End-User Industry: Retail, Banking And Financial Service, Telecommunication, Government, Transportation, Others
3) By Deployment: Cloud, On-Premise
4) By Enterprise: Large Enterprises, Small And Medium Enterprises
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What are the Emerging Trends Shaping the Future of the Digital Payments Market?
The key trends in the digital payments market are:
• Investing in digital wallet services to enhance customer convenience is a prominent trend.
• The digital payment industry is witnessing a trend toward developing wearable payment devices for faster transactions.
• Emerging trends highlight an increased focus on investment in QR-based payment technologies and robust contactless payments.
• Increasing investments in AI solutions, blockchain technologies, and efficient, affordable financial systems signals an important trend.
Who Are the Top Competitors & Leading Players in the Digital Payments Market?
Major companies in the digital payments market are:
• Paypal Holdings Inc.
• Ant Group
• Amazon.com, Inc.
• Visa Inc.
• Apple Inc.
• Google Pay
• Mastercard Incorporated
• JP Morgan Chase & Co.
• Fiserv Inc.
• ACI Worldwide Inc.
• PayUmoney
• Paytm
• CCAvenue
• Razorpay
• Instamojo
• Cashfree
• Line Pay
• Rakuten Pay
• Origami Pay
• D-barai
• AliPay
• WeChatPay
• UnionPay
• 99Bill
• PayEase
• Worldpay
• Stripe
• Shopify Payments
• Opayo
• Adyen
• SystemPay International
• Novalnet
• Wirecard
• Sberbank Online
• Yandex Money
• QIWI
• WebMoney
• Tinkoff Bank
• Cielo
• Rede
• Getnet S
• toneCo
• GlobalCollect
• Lyra Network
• Paybox Services
• CASHU
• Trriple
• Monami Tech
• DPO Group
• MTN Group Limited
• Flutterwave
• M-Pesa
• Coruscate’s Alexpay
• Digipay
• Software Group
• Kineto
Regional Dominance: Which Area Leads the Global Template Market?
Asia-Pacific was the largest region in the digital payments market in 2024
