Digital Payment Market Size, Share & Trends Analysis Report By Offering (Solutions (Payment Gateway, Payment Processors, Payment Wallet, Point of Sale, and Other Solutions), Services (professional services (Consulting, Implementation, Support & Maintenance), Managed Services), By Transaction Type, Payment Mode, By Vertical, By Region, And By Segment Forecasts, 2025-2034

Report Id: 2168 Pages: 180 Last Updated: 10 March 2025 Format: PDF / PPT / Excel / Power BI
Share With : linkedin twitter facebook

Segmentation of Digital Payment Market-

Digital Payment Market By Offering-

  • Solutions
    • Payment Gateway Solutions
    • Payment Processor Solutions
    • Payment Wallet Solutions
    • Point of Sale (POS) Solutions
    • Others
  • Services
    • Professional Services
      • Consulting
      • Implementation
      • Support & Maintenance
    • Managed Services

 Digital Payment

Digital Payment Market By Transaction Type-

  • Domestic
  • Cross Border

Digital Payment Market By Payment Mode-

  • Cards
  • ACH Transfer
  • Digital Wallet
  • Others

Digital Payment Market By Vertical-

  • BFSI
  • Retail & E-Commerce
  • IT & ITeS
  • Telecom
  • Healthcare
  • Travel & Hospitality
  • Transportation & Logistics
  • Media & Entertainment
  • Others

Digital Payment Market By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Digital Payment Market Snapshot

Chapter 4. Global Digital Payment Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Competitive Landscape & Market Share Analysis

4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: By Offering Estimates & Trend Analysis

5.1. By Offering, & Market Share, 2024 & 2034

5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021  to 2034 for the following By Offering:

5.2.1. Solutions

5.2.1.1. Payment Gateway Solutions

5.2.1.2. Payment Processor Solutions

5.2.1.3. Payment Wallet Solutions

5.2.1.4. Point of Sale (POS) Solutions

5.2.1.5. Other Solutions

5.2.2. Services

5.2.2.1. Professional Services

5.2.2.1.1. Consulting         

5.2.2.1.2. Implementation             

5.2.2.1.3. Support and Maintenance

5.2.2.2. Managed Services

Chapter 6. Market Segmentation 2: By Transaction Type Estimates & Trend Analysis

6.1. By Transaction Type & Market Share, 2024 & 2034

6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Transaction Type:

6.2.1. Domestic

6.2.2. Cross Border

Chapter 7. Market Segmentation 3: By Payment Mode Estimates & Trend Analysis

7.1. By Payment Mode & Market Share, 2024 & 2034

7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Payment Mode:

7.2.1. Cards

7.2.2. ACH Transfer

7.2.3. Digital Wallet

7.2.4. Other Payment Modes

Chapter 8. Market Segmentation 4: By Vertical Estimates & Trend Analysis

8.1. By Vertical & Market Share, 2024 & 2034

8.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Vertical:

8.2.1. BFSI

8.2.2. Retail & E-commerce

8.2.3. IT & ITeS

8.2.4. Telecom             

8.2.5. Healthcare        

8.2.6. Travel & Hospitality

8.2.7. Transportation & Logistics

8.2.8. Media & Entertainment

8.2.9. Other Verticals

Chapter 9. Digital Payment Market Segmentation 5: Regional Estimates & Trend Analysis

9.1. North America

9.1.1. North America Digital Payment Market revenue (US$ Million) estimates and forecasts By Offering, 2021-2034

9.1.2. North America Digital Payment Market revenue (US$ Million) estimates and forecasts By Transaction Type, 2021-2034

9.1.3. North America Digital Payment Market revenue (US$ Million) estimates and forecasts By Payment Mode, 2021-2034

9.1.4. North America Digital Payment Market revenue (US$ Million) estimates and forecasts By Vertical, 2021-2034

9.1.5. North America Digital Payment Market revenue (US$ Million) estimates and forecasts by country, 2021-2034

9.2. Europe

9.2.1. Europe Digital Payment Market revenue (US$ Million) By Offering, 2021-2034

9.2.2. Europe Digital Payment Market revenue (US$ Million) By Transaction Type, 2021-2034

9.2.3. Europe Digital Payment Market revenue (US$ Million) By Payment Mode, 2021-2034

9.2.4. Europe Digital Payment Market revenue (US$ Million) By Vertical, 2021-2034

9.2.5. Europe Digital Payment Market revenue (US$ Million) by country, 2021-2034

9.3. Asia Pacific

9.3.1. Asia Pacific Digital Payment Market revenue (US$ Million) By Offering, 2021-2034

9.3.2. Asia Pacific Digital Payment Market revenue (US$ Million) By Transaction Type, 2021-2034

9.3.3. Asia Pacific Digital Payment Market revenue (US$ Million) By Payment Mode, 2021-2034

9.3.4. Asia Pacific Digital Payment Market revenue (US$ Million) By Vertical, 2021-2034

9.3.5. Asia Pacific Digital Payment Market revenue (US$ Million) by country, 2021-2034

9.4. Latin America

9.4.1. Latin America Digital Payment Market revenue (US$ Million) By Offering, (US$ Million) 2021-2034

9.4.2. Latin America Digital Payment Market revenue (US$ Million) By Transaction Type, (US$ Million) 2021-2034

9.4.3. Latin America Digital Payment Market revenue (US$ Million) By Payment Mode, (US$ Million) 2021-2034

9.4.4. Latin America Digital Payment Market revenue (US$ Million) By Vertical, (US$ Million) 2021-2034

9.4.5. Latin America Digital Payment Market revenue (US$ Million) by country, 2021-2034

9.5. Middle East & Africa

9.5.1. Middle East & Africa Digital Payment Market revenue (US$ Million) By Offering, (US$ Million) 2021-2034

9.5.2. Middle East & Africa Digital Payment Market revenue (US$ Million) By Transaction Type, (US$ Million) 2021-2034

9.5.3. Middle East & Africa Digital Payment Market revenue (US$ Million) By Payment Mode, (US$ Million) 2021-2034

9.5.4. Middle East & Africa Digital Payment Market revenue (US$ Million) By Vertical, (US$ Million) 2021-2034

9.5.5. Middle East & Africa Digital Payment Market revenue (US$ Million) by country, 2021-2034

Chapter 10. Competitive Landscape

10.1. Major Mergers and Acquisitions/Strategic Alliances

10.2. Company Profiles

10.2.1. PayPal (US)

10.2.2. Fiserv (US)

10.2.3. FIS (US)

10.2.4. Global Payments (US)

10.2.5. Square (US)

10.2.6. Stripe (US)

10.2.7. VISA (US)

10.2.8. Mastercard (US)

10.2.9. Worldline (France)

10.2.10. Adyen (Netherlands)

10.2.11. ACI Worldwide (US)

10.2.12. Temenos (Switzerland)

10.2.13. PayU (Netherlands)

10.2.14. Apple (US)

10.2.15. JPMorgan Chase  (US)

10.2.16. WEX (US)

10.2.17. FLEETCOR (US)

10.2.18. Aurus (US)

10.2.19. PayTrace (US)

10.2.20. Stax by FattMerchant (US)

10.2.21. Verifone(US)

10.2.22. Spreedly (US)

10.2.23. Dwolla (US)

10.2.24. BharatPe (India)

10.2.25. Payset (UK)

10.2.26. PaySend (UK)

10.2.27. MatchMove (Singapore)

10.2.28. Ripple (US)

10.2.29. EBANX (Brazil)

10.2.30. Others

Research Design and Approach

This study employed a multi-step, mixed-method research approach that integrates:

  • Secondary research
  • Primary research
  • Data triangulation
  • Hybrid top-down and bottom-up modelling
  • Forecasting and scenario analysis

This approach ensures a balanced and validated understanding of both macro- and micro-level market factors influencing the market.

Secondary Research

Secondary research for this study involved the collection, review, and analysis of publicly available and paid data sources to build the initial fact base, understand historical market behaviour, identify data gaps, and refine the hypotheses for primary research.

Sources Consulted

Secondary data for the market study was gathered from multiple credible sources, including:

  • Government databases, regulatory bodies, and public institutions
  • International organizations (WHO, OECD, IMF, World Bank, etc.)
  • Commercial and paid databases
  • Industry associations, trade publications, and technical journals
  • Company annual reports, investor presentations, press releases, and SEC filings
  • Academic research papers, patents, and scientific literature
  • Previous market research publications and syndicated reports

These sources were used to compile historical data, market volumes/prices, industry trends, technological developments, and competitive insights.

Secondary Research

Primary Research

Primary research was conducted to validate secondary data, understand real-time market dynamics, capture price points and adoption trends, and verify the assumptions used in the market modelling.

Stakeholders Interviewed

Primary interviews for this study involved:

  • Manufacturers and suppliers in the market value chain
  • Distributors, channel partners, and integrators
  • End-users / customers (e.g., hospitals, labs, enterprises, consumers, etc., depending on the market)
  • Industry experts, technology specialists, consultants, and regulatory professionals
  • Senior executives (CEOs, CTOs, VPs, Directors) and product managers

Interview Process

Interviews were conducted via:

  • Structured and semi-structured questionnaires
  • Telephonic and video interactions
  • Email correspondences
  • Expert consultation sessions

Primary insights were incorporated into demand modelling, pricing analysis, technology evaluation, and market share estimation.

Data Processing, Normalization, and Validation

All collected data were processed and normalized to ensure consistency and comparability across regions and time frames.

The data validation process included:

  • Standardization of units (currency conversions, volume units, inflation adjustments)
  • Cross-verification of data points across multiple secondary sources
  • Normalization of inconsistent datasets
  • Identification and resolution of data gaps
  • Outlier detection and removal through algorithmic and manual checks
  • Plausibility and coherence checks across segments and geographies

This ensured that the dataset used for modelling was clean, robust, and reliable.

Market Size Estimation and Data Triangulation

Bottom-Up Approach

The bottom-up approach involved aggregating segment-level data, such as:

  • Company revenues
  • Product-level sales
  • Installed base/usage volumes
  • Adoption and penetration rates
  • Pricing analysis

This method was primarily used when detailed micro-level market data were available.

Bottom Up Approach

Top-Down Approach

The top-down approach used macro-level indicators:

  • Parent market benchmarks
  • Global/regional industry trends
  • Economic indicators (GDP, demographics, spending patterns)
  • Penetration and usage ratios

This approach was used for segments where granular data were limited or inconsistent.

Hybrid Triangulation Approach

To ensure accuracy, a triangulated hybrid model was used. This included:

  • Reconciling top-down and bottom-up estimates
  • Cross-checking revenues, volumes, and pricing assumptions
  • Incorporating expert insights to validate segment splits and adoption rates

This multi-angle validation yielded the final market size.

Forecasting Framework and Scenario Modelling

Market forecasts were developed using a combination of time-series modelling, adoption curve analysis, and driver-based forecasting tools.

Forecasting Methods

  • Time-series modelling
  • S-curve and diffusion models (for emerging technologies)
  • Driver-based forecasting (GDP, disposable income, adoption rates, regulatory changes)
  • Price elasticity models
  • Market maturity and lifecycle-based projections

Scenario Analysis

Given inherent uncertainties, three scenarios were constructed:

  • Base-Case Scenario: Expected trajectory under current conditions
  • Optimistic Scenario: High adoption, favourable regulation, strong economic tailwinds
  • Conservative Scenario: Slow adoption, regulatory delays, economic constraints

Sensitivity testing was conducted on key variables, including pricing, demand elasticity, and regional adoption.

Name field cannot be blank!
Email field cannot be blank!(Use email format)
Designation field cannot be blank!
Company field cannot be blank!
Contact No field cannot be blank!
Message field cannot be blank!
5023
Security Code field cannot be blank!

Frequently Asked Questions

Digital Payment Market Size is valued at USD 124.8 Billion in 2024 and is predicted to reach USD 357.7 Billion by the year 2034

Digital Payment Market at a 11.2% CAGR during the forecast period for 2025-2034

PayTrace (US), Stax by FattMerchant (US), Verifone(US), Spreedly (US), Dwolla (US), BharatPe (India), Payset (UK), PaySend (UK), MatchMove (Singapore)

Offering, Services, Transaction Type, Payment Mode andVertical are the key segments of the Digital Payment Market.

North American region is leading the Digital Payment Market.

Report License Selection

Determine the Appropriate License for your Report

Get Sample Report Enquiry Before Buying