Syndicated Research Studies

Global Digital Payment Market Overview The global digital payment market was valued at USD 114.41 billion in 2024 and is projected to reach USD 361.30 billion by 2030, expanding at a compound annual growth rate (CAGR) of 21.4% from 2025 to 2030. According to The World Bank, by the end of 2021, over two-thirds of adults worldwide were either making or receiving digital payments—a figure expected to continue rising in the years ahead. The accelerating adoption of digital payments is primarily driven by increasing smartphone penetration, widespread internet accessibility, the growing use of contactless payment methods during the pandemic, and government-led initiatives encouraging digital financial ecosystems. According to data from Kepios Pte. Ltd., by the start of Q4 2023, approximately 5.30 billion people—or 65.7% of the global population—were internet users, and 84% of mobile phones in use were smartphones. This growing connectivity has enabled broader adoption of ...

Digital Payment Industry Overview The global digital payment market size was valued at USD 68.61 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 20.5% from 2022 to 2030. The worldwide increase in customer preference for real-time payments is one of the major factors driving the market growth. According to statistics provided by McKinsey & Company, India registered 25.6 billion real-time transactions in 2020, witnessing a 70% increase from 2019. The increasing adoption of mobile wallets can be attributed to this significant rise in the use of real-time payments in the country. E-commerce service providers are making efforts to strengthen their competitive positions by moving from traditional credit card and consumer finance solutions toward customer engagement solutions that leverage digital payments. Gather more insights about the market drivers, restrains and growth of the Global Digital Payment Market E-commerce companies are als...