New York, July 25, 2019 (GLOBE NEWSWIRE) -- Increasing demand for digital payment in large enterprises coupled with high investment in R&D of digital payments is fueling the market growth.
The Global Digital Payment Market is forecast to reach USD 10.07 Trillion by 2026, according to a new report by Reports and Data. The Digital Payment market is rising rapidly in the global market owing to the proliferation of global digitalization coupled with a cashless economy, and high, increasing rate of internet availability with active users. Digital Payment market includes all the method of payments done digitally to refrain from regular paper-cash payments.
In the year 2018, Point-of-Sale (POS) Devices segment has witnessed the highest market demand. POS devices are used by numerous end-users such as retail markets, hotels, bar, and restaurants, among others where the transactions are done via debit, credit, and ATM or mobile NFC technology. Apart from offline digitalization, the massive adoption rate of online payments segments like mobile banking and cryptocurrencies will stimulate the digital payment market growth at a significant pace in the forthcoming years.
Asia Pacific market is forecasted to generate a revenue of USD 3.62 Trillion in the year 2026, owing to its extensive market penetration towards digital payment coupled with cashless economy and superior economic development in the developing countries.
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Further key findings from the report suggest
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/digital-payment-market
Segments covered in the report:
For the purpose of this report, Reports and Data have segmented the global digital payment market on the basis of payment method, backend operation, organization size, end users, and region:
Payment Method Outlook (Revenue, USD Billion; 2016-2026)
Backend Operation Type Outlook (Revenue, USD Billion; 2016-2026)
Organization Size Outlook (Revenue, USD Billion; 2016-2026)
End Users Type Outlook (Revenue, USD Billion; 2016-2026)
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Regional Outlook (Revenue, USD Billion; 2016-2026)
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