전자결제시장 2026년까지의 세계 예측

출판 : MarketsandMarkets（마켓츠앤드마켓츠）출판년월 : 2022년01월

・구성요소 [솔루션(결제 처리, 결제 게이트웨이, 결제 지갑, POS 솔루션, 결제 보안, 부정 방지 관리), 서비스], 배포 모드, 조직 규모, 산업, 지역별 2026년까지의 세계 예측

Digital Payment Market by Component (Solutions (Payment Processing, Payment Gateway, Payment Wallet, POS Solution, Payment Security and Fraud Management) and Services), Deployment Mode, Organization Size, Vertical and Region – Global Forecast to 2026

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MarketsandMarkets「Digital Payment Market by Component (Solutions (Payment Processing, Payment Gateway, Payment Wallet, POS Solution, Payment Security and Fraud Management) and Services), Deployment Mode, Organization Size, Vertical and Region – Global Forecast to 2026 – 전자결제시장 : 컴포넌트 [솔루션(결제처리, 결제게이트웨이, 결제월렛, POS솔루션, 결제보안, 부정방지관리), 서비스], 전개모드, 조직규모, 업종, 지역별 2026년까지의 세계 예측”은 세계의 전자결제 시장을 조사하여 주요 세그먼트별 분석·예측 결과 및 관련 기업 정보 등을 제공하고 있습니다。

MarketsandMarkets 예측 포인트

• 예측 기간 동안 성장률이 가장 높은 배포 유형은 클라우드.
• 예측기간에서 성장률이 가장 높은 지역은 아시아태평양지역(APAC).

주요 게시물

• 시장 개요 및 업계 동향
• 부품별 전자결제시장
  • 솔루션
  • 서비스
• 전개 유형별 전자 결제 시장
  • 온프레미스
  • 클라우드
• 조직 규모별 전자 결제 시장
  • 중소기업
  • 대기업
• 업종별 전자결제시장
  • 은행업, 금융 서비스, 보험업
  • 소매업 및 전자상거래
  • 의료
  • 여행업 및 환대
  • 운송 및 물류
  • 미디어 및 엔터테인먼트
  • 기타 산업
• 지역별 전자결제시장
  • 북미
  • 유럽
  • 아시아 태평양 지역
  • 라틴 아메리카
  • 중동 및 아프리카
• 경쟁 환경
• 기업 정보
• 부록
  • 관련 시장
    • 결제 처리 솔루션 시장
    • 비접촉 결제 시장
    • PaaS(Payments as a Service) 시장
    • 즉시 결제(실시간 결제) 시장

The global digital payment market size is projected to grow from USD 89.1 billion in 2021 to USD 180.4 billion by 2026, at a CAGR of 15.2% during the forecast period. Major growth factors for the market include worldwide initiatives for the promotion of digital payments, high proliferation of smartphones enabling mCommerce growth, increase in eCommerce sales, and growth in internet penetration.

By deployment type, cloud segment to grow at the highest CAGR during the forecast period

Several vendors in the market offer payment solutions through the public and private cloud. Cloud-based payment solutions are available in various subscriptions and pay-per-use models. These solutions empower businesses to invest in payment technologies according to their specific requirements. The cloud-based deployment of digital payment software is gaining traction among SMEs, as cloud-based deployment helps SMEs avoid upfront costs associated with hardware, software, storage, and technical staff.

By region, Asia Pacific (APAC) to grow at the highest growth rate during the forecast period

APAC is at the forefront to adopt digital payment solutions due to the increased smartphone penetration and internet connectivity in this region that provides digital payment solution providers with an opportunity to launch advanced digital payment services. The rapid eCommerce adoption also contributes to the increased use of digital payment solutions. The adoption of digital payment solutions has helped bridge economic opportunities and drive financial inclusion in APAC. APAC consumers prefer the equal measures of seamless and security in all the aspects of their digital payment transactions. The growing retail market in the region has enabled global digital payment solution providers to focus more in this region for providing advanced solutions.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the digital payment market.

The breakup of the profiles of the primary participants is given below:

• By Company: Tier 1 – 30%, Tier 2 – 45%, and Tier 3 – 25%
• By Designation: C-Level – 40% Directors – 35%, and Others –25%
• By Region: North America – 35%, Europe – 20%, APAC – 35%, and RoW – 10%

Major vendors in the global digital payment market include PayPal (US), Fiserv (US), FIS (US), Global Payments (US), Square (US), Stripe (US), VISA (US), Mastercard (US), Worldline (France), Adyen (Netherlands), ACI Worldline (US), Temenos (Switzerland), PayU (Netherlands), Apple Pay (US), JP Morgan Chase (US), WEX (US), Fleetcor(US), DUE (US), PayTrace (US), FattMerchant (US), 2Checkout now Verifone(US), Spreedly (US), Dwolla (US), Braintree(US), Clover(US), OneWay Group(US), Stax by Fattmerchant(US), and EBANX (Brazil). The digital payment market study includes an in-depth competitive analysis of these key players, along with their profiles, recent developments, and key market strategies.

Research coverage:

The market study covers the digital payment market size across different segments. It aims at estimating the market size and the growth potential across different segments, by component, deployment type, organization size, vertical, and region. The study further includes an in-depth competitive analysis of the leading market players, along with their company profiles, key observations related to product and business offerings, recent developments, and market strategies.

Key benefits of buying the report:

The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the global digital payment market and its subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. Moreover, the report will provide insights for stakeholders to understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

목차

1 INTRODUCTION 29

1.1 INTRODUCTION TO COVID–19 29
1.2 COVID–19 HEALTH ASSESSMENT 29
FIGURE 1 COVID–19: GLOBAL PROPAGATION 29
FIGURE 2 COVID-19 PROPAGATION: SELECT COUNTRIES 30
1.3 COVID–19 ECONOMIC ASSESSMENT 31
FIGURE 3 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020 31
1.3.1 COVID–19 ECONOMIC IMPACT—SCENARIO ASSESSMENT 32
FIGURE 4 CRITERIA IMPACTING GLOBAL ECONOMY 32
FIGURE 5 SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY 33
1.4 OBJECTIVES OF THE STUDY 34
1.5 MARKET DEFINITION 34
1.5.1 INCLUSIONS AND EXCLUSIONS 35
1.6 MARKET SCOPE 35
1.6.1 MARKET SEGMENTATION 35
1.6.2 REGIONS COVERED 36
1.6.3 YEARS CONSIDERED FOR THE STUDY 36
1.7 CURRENCY CONSIDERED 37
TABLE 1 USD EXCHANGE RATES, 2018–2020 37
1.8 STAKEHOLDERS 37
1.9 SUMMARY OF CHANGES 38

2 RESEARCH METHODOLOGY 39

2.1 RESEARCH DATA 39
FIGURE 6 DIGITAL PAYMENT MARKET: RESEARCH DESIGN 39
2.1.1 SECONDARY DATA 40
2.1.2 PRIMARY DATA 40
2.1.2.1 Breakdown of primaries 41
TABLE 2 PRIMARY INTERVIEWS 41
2.1.2.2 Key industry insights 42
2.2 DATA TRIANGULATION 42
FIGURE 7 DATA TRIANGULATION 42
2.3 MARKET SIZE ESTIMATION 43
2.3.1 TOP-DOWN APPROACH 43
FIGURE 8 DIGITAL PAYMENT MARKET SIZE ESTIMATION: TOP-DOWN APPROACH: SUPPLY-SIDE ANALYSIS 43
2.3.2 BOTTOM-UP APPROACH 44
FIGURE 9 DIGITAL PAYMENT MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH: SUPPLY-SIDE ANALYSIS (1/2) 44
FIGURE 10 DIGITAL PAYMENT MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH: SUPPLY-SIDE ANALYSIS (2/2) 45
2.4 MARKET FORECAST 46
TABLE 3 FACTOR ANALYSIS 46
2.5 ASSUMPTIONS FOR THE STUDY 47
2.6 LIMITATIONS OF THE STUDY 48

3 EXECUTIVE SUMMARY 49

FIGURE 11 DIGITAL PAYMENT MARKET, 2019–2026 (USD MILLION) 50
FIGURE 12 SHARES OF LEADING DIGITAL PAYMENT MARKET SEGMENTS, 2020 51
FIGURE 13 DIGITAL PAYMENT MARKET, REGIONAL AND COUNTRY-WISE SHARES, 2020 51

4 PREMIUM INSIGHTS 52

4.1 ATTRACTIVE OPPORTUNITIES IN THE DIGITAL PAYMENT MARKET 52
FIGURE 14 GROWING SMARTPHONE PENETRATION TO DRIVE MARKET GROWTH 52
4.2 DIGITAL PAYMENT MARKET, BY COMPONENT 52
FIGURE 15 DIGITAL PAYMENT SOLUTIONS TO LEAD MARKET GROWTH IN 2021 52
4.3 DIGITAL PAYMENT SOLUTIONS MARKET, BY TYPE 53
FIGURE 16 PAYMENT PROCESSING SOLUTIONS TO ACCOUNT FOR THE HIGHEST MARKET SHARE DURING THE FORECAST PERIOD 53
4.4 DIGITAL PAYMENT SERVICES MARKET, BY TYPE 53
FIGURE 17 PROFESSIONAL SERVICES TO LEAD MARKET GROWTH DURING THE FORECAST PERIOD 53
4.5 PROFESSIONAL DIGITAL PAYMENT SERVICES MARKET, BY TYPE 54
FIGURE 18 IMPLEMENTATION SERVICES TO BE THE LARGEST MARKET DURING THE FORECAST PERIOD 54
4.6 DIGITAL PAYMENT MARKET, BY DEPLOYMENT TYPE 54
FIGURE 19 CLOUD DEPLOYMENT TO ACCOUNT FOR A LARGER MARKET SHARE IN 2021 54
4.7 DIGITAL PAYMENT MARKET, BY ORGANIZATION SIZE 55
FIGURE 20 LARGE ENTERPRISES SEGMENT TO ACCOUNT FOR A LARGER SHARE IN 2021 55
4.8 DIGITAL PAYMENT MARKET, BY VERTICAL 55
FIGURE 21 RETAIL AND ECOMMERCE VERTICAL TO BE THE LARGEST SEGMENT DURING THE FORECAST PERIOD 55
4.9 DIGITAL PAYMENT MARKET, BY REGION 56
FIGURE 22 ASIA PACIFIC TO GROW AT THE FASTEST RATE DURING THE FORECAST PERIOD 56
4.10 DIGITAL PAYMENT MARKET, BY COUNTRY 56
FIGURE 23 INDIA TO ACCOUNT FOR HIGH GROWTH DURING THE FORECAST PERIOD 56

5 MARKET OVERVIEW AND INDUSTRY TRENDS 57

5.1 MARKET OVERVIEW 57
5.2 MARKET DYNAMICS 57
FIGURE 24 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: DIGITAL PAYMENT MARKET 57
5.2.1 DRIVERS 58
5.2.1.1 Global initiatives for the promotion of digital payments 58
TABLE 4 GLOBAL INITIATIVES TO PROMOTE DIGITAL PAYMENTS 58
5.2.1.2 High proliferation of smartphones enabling mCommerce growth 59
FIGURE 25 ADOPTION LEVEL OF SMARTPHONES, 2020 VS 2025 59
5.2.1.3 Rise of eCommerce and adoption of embedded payment system 60
FIGURE 26 US ECOMMERCE RETAIL SALES (USD BILLION) 60
5.2.1.4 Rise in the adoption of contactless payments 60
5.2.1.5 Increase in the adoption of real-time payments and ACH transactions 61
5.2.1.6 Change in consumer payment behavior 61
5.2.2 RESTRAINTS 62
5.2.2.1 Lack of global standards for cross-border payments 62
5.2.3 OPPORTUNITIES 62
5.2.3.1 Rapid decline in unbanked population across the globe 62
5.2.3.2 Gradual adoption of Open-Banking APIs 63
5.2.3.3 Progressive changes in regulatory frameworks 63
5.2.3.4 Rise in government initiatives favoring adoption of digital payments 64
5.2.3.5 Rise in digital payment startup and challenger’s banks 64
5.2.3.6 Collaboration between banks and fintech institutions to leverage customer experience 64
5.2.4 CHALLENGES 65
5.2.4.1 Evolving cyber-attacks on digital payments 65
5.2.4.2 Fragmented regional regulatory landscape 65
5.2.4.3 Lack of digital literacy in emerging countries 65
5.3 COVID-19 PANDEMIC-DRIVEN MARKET DYNAMICS AND FACTOR ANALYSIS 66
TABLE 5 DIGITAL PAYMENT MARKET: ANALYSIS OF DRIVERS AND OPPORTUNITIES IN THE COVID-19 ERA 66
TABLE 6 DIGITAL PAYMENT MARKET: ANALYSIS OF RESTRAINTS AND CHALLENGES IN THE COVID-19 ERA 66
5.3.1 CUMULATIVE GROWTH ANALYSIS 67
TABLE 7 DIGITAL PAYMENT MARKET: CUMULATIVE GROWTH ANALYSIS 67
5.4 INDUSTRY TRENDS 67
5.4.1 VALUE CHAIN ANALYSIS 67
FIGURE 27 DIGITAL PAYMENT MARKET: VALUE CHAIN ANALYSIS 67
5.4.2 DIGITAL PAYMENT MARKET: ECOSYSTEM 68
TABLE 8 PAYMENT ECOSYSTEM 68
5.4.3 PATENT ANALYSIS 70
FIGURE 28 TOP TEN COMPANIES WITH THE HIGHEST NUMBER OF PATENT APPLICATIONS 70
TABLE 9 TOP TWENTY PATENT OWNERS (UNITED STATES) 70
FIGURE 29 NUMBER OF PATENTS GRANTED IN A YEAR, 2012–2021 71
5.4.4 USE CASES 72
5.4.4.1 Use case 1: PayPal 72
5.4.4.2 Use Case 2: FIS 72
5.4.4.3 USE CASE 3: Braintree 73
5.4.4.4 Use cases 4: Stripe 73
5.4.4.5 Use case 5: SQUARE 73
5.4.5 PRICING ANALYSIS 74
TABLE 10 PRICING ANALYSIS 74
5.4.6 TECHNOLOGY ANALYSIS 75
TABLE 11 TECHNOLOGY ENABLERS IN DIGITAL PAYMENTS 75
5.4.7 PORTER’S FIVE FORCES ANALYSIS 76
TABLE 12 DIGITAL PAYMENT MARKET: PORTER’S FIVE FORCES MODEL 76
5.4.7.1 Threat of new entrants 76
5.4.7.2 Threat of substitutes 76
5.4.7.3 Bargaining power of buyers 76
5.4.7.4 Bargaining power of suppliers 77
5.4.7.5 Competitive rivalry 77
5.4.8 DISRUPTIONS IMPACTING BUYERS/CUSTOMERS IN THE DIGITAL PAYMENT MARKET 77
FIGURE 30 DISRUPTION TRENDS IMPACTING BUYERS/CUSTOMERS IN THE MARKET 77

6 DIGITAL PAYMENT MARKET, BY COMPONENT 78

6.1 INTRODUCTION 79
FIGURE 31 DIGITAL PAYMENTS SERVICES TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD 79
TABLE 13 DIGITAL PAYMENT MARKET SIZE, BY COMPONENT,
2016–2020 (USD MILLION) 79
TABLE 14 DIGITAL PAYMENT MARKET SIZE, BY COMPONENT,
2021–2026 (USD MILLION) 79
6.2 SOLUTIONS 80
6.2.1 SOLUTIONS: DIGITAL PAYMENT MARKET DRIVERS 80
6.2.2 SOLUTIONS: COVID-19 IMPACT 81
FIGURE 32 PAYMENT WALLET SOLUTIONS TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 81
TABLE 15 DIGITAL PAYMENT SOLUTIONS MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION) 82
TABLE 16 DIGITAL PAYMENT SOLUTIONS MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION) 82
TABLE 17 DIGITAL PAYMENT SOLUTIONS MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 82
TABLE 18 DIGITAL PAYMENT SOLUTIONS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 83
6.2.3 PAYMENT GATEWAY SOLUTIONS 83
TABLE 19 PAYMENT GATEWAY SOLUTIONS MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 83
TABLE 20 PAYMENT GATEWAY SOLUTIONS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 83
6.2.4 PAYMENT PROCESSING SOLUTIONS 84
TABLE 21 PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 84
TABLE 22 PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 84
6.2.5 PAYMENT WALLET SOLUTIONS 85
TABLE 23 PAYMENT WALLET SOLUTIONS MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 85
TABLE 24 PAYMENT WALLET SOLUTIONS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 86
6.2.6 PAYMENT SECURITY AND FRAUD MANAGEMENT SOLUTIONS 86
TABLE 25 PAYMENT SECURITY AND FRAUD MANAGEMENT SOLUTIONS MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 86
TABLE 26 PAYMENT SECURITY AND FRAUD MANAGEMENT SOLUTIONS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 87
6.2.7 POINT-OF-SALE SOLUTIONS 87
TABLE 27 POINT-OF-SALE SOLUTIONS MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 87
TABLE 28 POINT-OF-SALE SOLUTIONS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 87
6.3 SERVICES 88
6.3.1 SERVICES: DIGITAL PAYMENT MARKET DRIVERS 88
6.3.2 SERVICES: COVID-19 IMPACT 88
FIGURE 33 MANAGED SERVICES TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD 88
TABLE 29 DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION) 89
TABLE 30 DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION) 89
TABLE 31 DIGITAL PAYMENT SERVICES MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 89
TABLE 32 DIGITAL PAYMENT SERVICES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 89
6.3.3 PROFESSIONAL SERVICES 90
FIGURE 34 SUPPORT AND MAINTENANCE SERVICES TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 90
TABLE 33 PROFESSIONAL DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION) 90
TABLE 34 PROFESSIONAL DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION) 90
TABLE 35 PROFESSIONAL DIGITAL PAYMENT SERVICES MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 91
TABLE 36 PROFESSIONAL DIGITAL PAYMENT SERVICES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 91
6.3.3.1 Consulting 91
TABLE 37 DIGITAL PAYMENT CONSULTING SERVICES MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 92
TABLE 38 DIGITAL PAYMENT CONSULTING SERVICES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 92
6.3.3.2 Implementation 92
TABLE 39 DIGITAL PAYMENT IMPLEMENTATION SERVICES MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 93
TABLE 40 DIGITAL PAYMENT IMPLEMENTATION SERVICES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 93
6.3.3.3 Support and maintenance 93
TABLE 41 DIGITAL PAYMENT SUPPORT AND MAINTENANCE SERVICES MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 94
TABLE 42 DIGITAL PAYMENT SUPPORT AND MAINTENANCE SERVICES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 94
6.3.4 MANAGED SERVICES 94
TABLE 43 MANAGED DIGITAL PAYMENT SERVICES MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 95
TABLE 44 MANAGED DIGITAL PAYMENT SERVICES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 95

7 DIGITAL PAYMENT MARKET, BY DEPLOYMENT TYPE 96

7.1 INTRODUCTION 97
FIGURE 35 CLOUD SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD 97
TABLE 45 DIGITAL PAYMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2016–2020 (USD MILLION) 97
TABLE 46 DIGITAL PAYMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2021–2026 (USD MILLION) 97
7.2 ON-PREMISES 98
7.2.1 ON-PREMISES: DIGITAL PAYMENT MARKET DRIVERS 98
7.2.2 ON-PREMISES: COVID-19 IMPACT 98
TABLE 47 ON-PREMISES DEPLOYMENT MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 98
TABLE 48 ON-PREMISES DEPLOYMENT MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 99
7.3 CLOUD 99
7.3.1 CLOUD: DIGITAL PAYMENT MARKET DRIVERS 99
7.3.2 CLOUD: COVID-19 IMPACT 100
TABLE 49 CLOUD DEPLOYMENT MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 100
TABLE 50 CLOUD DEPLOYMENT MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 100

8 DIGITAL PAYMENT MARKET, BY ORGANIZATION SIZE 101

8.1 INTRODUCTION 102
FIGURE 36 SMALL AND MEDIUM-SIZED ENTERPRISES SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD 102
TABLE 51 DIGITAL PAYMENT MARKET SIZE, BY ORGANIZATION SIZE, 2016–2020 (USD MILLION) 102
TABLE 52 DIGITAL PAYMENT MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION) 102
8.2 SMALL AND MEDIUM-SIZED ENTERPRISES 103
8.2.1 SMALL AND MEDIUM-SIZED ENTERPRISES: DIGITAL PAYMENT MARKET DRIVERS 103
8.2.2 SMALL AND MEDIUM-SIZED ENTERPRISES: COVID-19 IMPACT 103
TABLE 53 DIGITAL PAYMENT MARKET SIZE IN SMALL AND MEDIUM-SIZED ENTERPRISES, BY REGION, 2016–2020 (USD MILLION) 103
TABLE 54 DIGITAL PAYMENT MARKET SIZE IN SMALL AND MEDIUM-SIZED ENTERPRISES, BY REGION, 2021–2026 (USD MILLION) 104
8.3 LARGE ENTERPRISES 104
8.3.1 LARGE ENTERPRISES: DIGITAL PAYMENT MARKET DRIVERS 104
8.3.2 LARGE ENTERPRISES: COVID-19 IMPACT 104
TABLE 55 DIGITAL PAYMENT MARKET SIZE IN LARGE ENTERPRISES, BY REGION, 2016–2020 (USD MILLION) 105
TABLE 56 DIGITAL PAYMENT MARKET SIZE IN LARGE ENTERPRISES, BY REGION, 2021–2026 (USD MILLION) 105

9 DIGITAL PAYMENT MARKET, BY VERTICAL 106

9.1 INTRODUCTION 107
FIGURE 37 MEDIA AND ENTERTAINMENT VERTICAL TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 107
TABLE 57 DIGITAL PAYMENT MARKET SIZE, BY VERTICAL, 2016–2020 (USD MILLION) 107
TABLE 58 DIGITAL PAYMENT MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION) 108
9.2 BANKING, FINANCIAL SERVICES, AND INSURANCE 108
9.2.1 BANKING, FINANCIAL SERVICES, AND INSURANCE: DIGITAL PAYMENT MARKET DRIVERS 108
9.2.2 BANKING, FINANCIAL SERVICES, AND INSURANCE: COVID-19 IMPACT 109
TABLE 59 BANKING, FINANCIAL SERVICES, AND INSURANCE: DIGITAL PAYMENT MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 109
TABLE 60 BANKING, FINANCIAL SERVICES, AND INSURANCE: DIGITAL PAYMENT MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 110
9.3 RETAIL AND ECOMMERCE 110
9.3.1 RETAIL AND ECOMMERCE: DIGITAL PAYMENT MARKET DRIVERS 110
9.3.2 RETAIL AND ECOMMERCE: COVID-19 IMPACT 111
TABLE 61 DIGITAL PAYMENT MARKET SIZE IN RETAIL AND ECOMMERCE, BY REGION, 2016–2020 (USD MILLION) 111
TABLE 62 DIGITAL PAYMENT MARKET SIZE IN RETAIL AND ECOMMERCE, BY REGION, 2021–2026 (USD MILLION) 111
9.4 HEALTHCARE 112
9.4.1 HEALTHCARE: DIGITAL PAYMENT MARKET DRIVERS 112
9.4.2 HEALTHCARE: COVID-19 IMPACT 112
TABLE 63 DIGITAL PAYMENT MARKET SIZE IN HEALTHCARE, BY REGION, 2016–2020 (USD MILLION) 113
TABLE 64 DIGITAL PAYMENT MARKET SIZE IN HEALTHCARE, BY REGION, 2021–2026 (USD MILLION) 113
9.5 TRAVEL AND HOSPITALITY 113
9.5.1 TRAVEL AND HOSPITALITY: DIGITAL PAYMENT MARKET DRIVERS 114
9.5.2 TRAVEL AND HOSPITALITY: COVID-19 IMPACT 114
TABLE 65 DIGITAL PAYMENT MARKET SIZE IN TRAVEL AND HOSPITALITY, BY REGION, 2016–2020 (USD MILLION) 115
TABLE 66 DIGITAL PAYMENT MARKET SIZE IN TRAVEL AND HOSPITALITY, BY REGION, 2021–2026 (USD MILLION) 115
9.6 TRANSPORTATION AND LOGISTICS 116
9.6.1 TRANSPORTATION AND LOGISTICS: DIGITAL PAYMENT MARKET DRIVERS 116
9.6.2 TRANSPORTATION AND LOGISTICS: COVID-19 IMPACT 116
TABLE 67 DIGITAL PAYMENT MARKET SIZE IN TRANSPORTATION AND LOGISTICS, BY REGION, 2016–2020 (USD MILLION) 117
TABLE 68 DIGITAL PAYMENT MARKET SIZE IN TRANSPORTATION AND LOGISTICS, BY REGION, 2021–2026 (USD MILLION) 117
9.7 MEDIA AND ENTERTAINMENT 118
9.7.1 MEDIA AND ENTERTAINMENT: DIGITAL PAYMENT MARKET DRIVERS 118
9.7.2 MEDIA AND ENTERTAINMENT: COVID-19 IMPACT 118
TABLE 69 DIGITAL PAYMENT MARKET SIZE IN MEDIA AND ENTERTAINMENT, BY REGION, 2016–2020 (USD MILLION) 119
TABLE 70 DIGITAL PAYMENT MARKET SIZE IN MEDIA AND ENTERTAINMENT, BY REGION, 2021–2026 (USD MILLION) 119
9.8 OTHER VERTICALS 120
TABLE 71 DIGITAL PAYMENT MARKET SIZE IN OTHER VERTICALS, BY REGION, 2016–2020 (USD MILLION) 120
TABLE 72 DIGITAL PAYMENT MARKET SIZE IN OTHER VERTICALS, BY REGION, 2021–2026 (USD MILLION) 120

10 DIGITAL PAYMENT MARKET, BY REGION 121

10.1 INTRODUCTION 122
FIGURE 38 ASIA PACIFIC TO REGISTER THE HIGHEST CAGR DURING THE FORECAST PERIOD 122
TABLE 73 DIGITAL PAYMENT MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 122
TABLE 74 DIGITAL PAYMENT MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 122
10.2 NORTH AMERICA 123
10.2.1 NORTH AMERICA: REGULATORY NORMS 123
10.2.2 NORTH AMERICA: DIGITAL PAYMENT MARKET DRIVERS 123
10.2.3 NORTH AMERICA: COVID-19 IMPACT 124
FIGURE 39 NORTH AMERICA: MARKET SNAPSHOT 125
TABLE 75 NORTH AMERICA: DIGITAL PAYMENT MARKET SIZE, BY COMPONENT, 2016–2020 (USD MILLION) 125
TABLE 76 NORTH AMERICA: DIGITAL PAYMENT MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION) 125
TABLE 77 NORTH AMERICA: DIGITAL PAYMENT SOLUTIONS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION) 126
TABLE 78 NORTH AMERICA: DIGITAL PAYMENT SOLUTIONS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION) 126
TABLE 79 NORTH AMERICA: DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION) 126
TABLE 80 NORTH AMERICA: DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION) 126
TABLE 81 NORTH AMERICA: PROFESSIONAL DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION) 127
TABLE 82 NORTH AMERICA: PROFESSIONAL DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION) 127
TABLE 83 NORTH AMERICA: DIGITAL PAYMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2016–2020 (USD MILLION) 127
TABLE 84 NORTH AMERICA: DIGITAL PAYMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2021–2026 (USD MILLION) 127
TABLE 85 NORTH AMERICA: DIGITAL PAYMENT MARKET SIZE, BY ORGANIZATION SIZE, 2016–2020 (USD MILLION) 128
TABLE 86 NORTH AMERICA: DIGITAL PAYMENT MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION) 128
TABLE 87 NORTH AMERICA: DIGITAL PAYMENT MARKET SIZE, BY VERTICAL, 2016–2020 (USD MILLION) 128
TABLE 88 NORTH AMERICA: DIGITAL PAYMENT MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION) 129
TABLE 89 NORTH AMERICA: DIGITAL PAYMENT MARKET SIZE, BY COUNTRY, 2016–2020 (USD MILLION) 129
TABLE 90 NORTH AMERICA: DIGITAL PAYMENT MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION) 129
10.2.4 UNITED STATES 130
TABLE 91 UNITED STATES: DIGITAL PAYMENT MARKET SIZE, BY COMPONENT, 2016–2020 (USD MILLION) 131
TABLE 92 UNITED STATES: DIGITAL PAYMENT MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION) 131
TABLE 93 UNITED STATES: DIGITAL PAYMENT SOLUTIONS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION) 131
TABLE 94 UNITED STATES: DIGITAL PAYMENT SOLUTIONS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION) 132
TABLE 95 UNITED STATES: DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION) 132
TABLE 96 UNITED STATES: DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION) 132
TABLE 97 UNITED STATES: PROFESSIONAL DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION) 132
TABLE 98 UNITED STATES: PROFESSIONAL DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION) 133
TABLE 99 UNITED STATES: DIGITAL PAYMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2016–2020 (USD MILLION) 133
TABLE 100 UNITED STATES: DIGITAL PAYMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2021–2026 (USD MILLION) 133
TABLE 101 UNITED STATES: DIGITAL PAYMENT MARKET SIZE, BY ORGANIZATION SIZE, 2016–2020 (USD MILLION) 133
TABLE 102 UNITED STATES: DIGITAL PAYMENT MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION) 134
TABLE 103 UNITED STATES: DIGITAL PAYMENT MARKET SIZE, BY VERTICAL, 2016–2020 (USD MILLION) 134
TABLE 104 UNITED STATES: DIGITAL PAYMENT MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION) 134
10.2.5 CANADA 135
TABLE 105 CANADA: DIGITAL PAYMENT MARKET SIZE, BY COMPONENT, 2016–2020 (USD MILLION) 135
TABLE 106 CANADA: DIGITAL PAYMENT MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION) 135
TABLE 107 CANADA: DIGITAL PAYMENT SOLUTIONS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION) 136
TABLE 108 CANADA: DIGITAL PAYMENT SOLUTIONS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION) 136
TABLE 109 CANADA: DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION) 136
TABLE 110 CANADA: DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION) 137
TABLE 111 CANADA: PROFESSIONAL DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION) 137
TABLE 112 CANADA: PROFESSIONAL DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION) 137
TABLE 113 CANADA: DIGITAL PAYMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2016–2020 (USD MILLION) 137
TABLE 114 CANADA: DIGITAL PAYMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2021–2026 (USD MILLION) 138
TABLE 115 CANADA: DIGITAL PAYMENT MARKET SIZE, BY ORGANIZATION SIZE, 2016–2020 (USD MILLION) 138
TABLE 116 CANADA: DIGITAL PAYMENT MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION) 138
TABLE 117 CANADA: DIGITAL PAYMENT MARKET SIZE, BY VERTICAL, 2016–2020 (USD MILLION) 138
TABLE 118 CANADA: DIGITAL PAYMENT MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION) 139
10.3 EUROPE 139
10.3.1 EUROPE: REGULATORY NORMS 140
10.3.2 EUROPE: DIGITAL PAYMENT MARKET DRIVERS 140
10.3.3 EUROPE: COVID-19 IMPACT 141
TABLE 119 EUROPE: DIGITAL PAYMENT MARKET SIZE, BY COMPONENT, 2016–2020 (USD MILLION) 141
TABLE 120 EUROPE: DIGITAL PAYMENT MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION) 142
TABLE 121 EUROPE: DIGITAL PAYMENT SOLUTIONS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION) 142
TABLE 122 EUROPE: DIGITAL PAYMENT SOLUTIONS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION) 142
TABLE 123 EUROPE: DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION) 143
TABLE 124 EUROPE: DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION) 143
TABLE 125 EUROPE: PROFESSIONAL DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION) 143
TABLE 126 EUROPE: PROFESSIONAL DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION) 143
TABLE 127 EUROPE: DIGITAL PAYMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2016–2020 (USD MILLION) 144
TABLE 128 EUROPE: DIGITAL PAYMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2021–2026 (USD MILLION) 144
TABLE 129 EUROPE: DIGITAL PAYMENT MARKET SIZE, BY ORGANIZATION SIZE, 2016–2020 (USD MILLION) 144
TABLE 130 EUROPE: DIGITAL PAYMENT MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION) 144
TABLE 131 EUROPE: DIGITAL PAYMENT MARKET SIZE, BY VERTICAL, 2016–2020 (USD MILLION) 145
TABLE 132 EUROPE: DIGITAL PAYMENT MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION) 145
TABLE 133 EUROPE: DIGITAL PAYMENT MARKET SIZE, BY COUNTRY, 2016–2020 (USD MILLION) 145
TABLE 134 EUROPE: DIGITAL PAYMENT MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION) 146
10.3.4 UNITED KINGDOM 146
10.3.5 GERMANY 146
10.3.6 REST OF EUROPE 147
10.4 ASIA PACIFIC 147
10.4.1 ASIA PACIFIC: REGULATORY NORMS 148
10.4.2 ASIA PACIFIC: DIGITAL PAYMENT MARKET DRIVERS 148
10.4.3 ASIA PACIFIC: COVID-19 IMPACT 149
FIGURE 40 ASIA PACIFIC: MARKET SNAPSHOT 150
TABLE 135 ASIA PACIFIC: DIGITAL PAYMENT MARKET SIZE, BY COMPONENT, 2016–2020 (USD MILLION) 150
TABLE 136 ASIA PACIFIC: DIGITAL PAYMENT MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION) 151
TABLE 137 ASIA PACIFIC: DIGITAL PAYMENT SOLUTIONS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION) 151
TABLE 138 ASIA PACIFIC: DIGITAL PAYMENT SOLUTIONS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION) 151
TABLE 139 ASIA PACIFIC: DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION) 152
TABLE 140 ASIA PACIFIC: DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION) 152
TABLE 141 ASIA PACIFIC: PROFESSIONAL DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION) 152
TABLE 142 ASIA PACIFIC: PROFESSIONAL DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION) 152
TABLE 143 ASIA PACIFIC: DIGITAL PAYMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2016–2020 (USD MILLION) 153
TABLE 144 ASIA PACIFIC: DIGITAL PAYMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2021–2026 (USD MILLION) 153
TABLE 145 ASIA PACIFIC: DIGITAL PAYMENT MARKET SIZE, BY ORGANIZATION SIZE, 2016–2020 (USD MILLION) 153
TABLE 146 ASIA PACIFIC: DIGITAL PAYMENT MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION) 153
TABLE 147 ASIA PACIFIC: DIGITAL PAYMENT MARKET SIZE, BY VERTICAL, 2016–2020 (USD MILLION) 154
TABLE 148 ASIA PACIFIC: DIGITAL PAYMENT MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION) 154
TABLE 149 ASIA PACIFIC: DIGITAL PAYMENT MARKET SIZE, BY COUNTRY, 2016–2020 (USD MILLION) 154
TABLE 150 ASIA PACIFIC: DIGITAL PAYMENT MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION) 155
10.4.4 CHINA 155
10.4.5 INDIA 156
10.4.6 REST OF ASIA PACIFIC 156
10.5 LATIN AMERICA 157
10.5.1 LATIN AMERICA: REGULATORY NORMS 157
10.5.2 LATIN AMERICA: DIGITAL PAYMENT MARKET DRIVERS 157
10.5.3 LATIN AMERICA: COVID-19 IMPACT 158
TABLE 151 LATIN AMERICA: DIGITAL PAYMENT MARKET SIZE, BY COMPONENT, 2016–2020 (USD MILLION) 158
TABLE 152 LATIN AMERICA: DIGITAL PAYMENT MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION) 158
TABLE 153 LATIN AMERICA: DIGITAL PAYMENT SOLUTIONS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION) 159
TABLE 154 LATIN AMERICA: DIGITAL PAYMENT SOLUTIONS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION) 159
TABLE 155 LATIN AMERICA: DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION) 159
TABLE 156 LATIN AMERICA: DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION) 160
TABLE 157 LATIN AMERICA: PROFESSIONAL DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION) 160
TABLE 158 LATIN AMERICA: PROFESSIONAL DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION) 160
TABLE 159 LATIN AMERICA: DIGITAL PAYMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2016–2020 (USD MILLION) 160
TABLE 160 LATIN AMERICA: DIGITAL PAYMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2021–2026 (USD MILLION) 161
TABLE 161 LATIN AMERICA: DIGITAL PAYMENT MARKET SIZE, BY ORGANIZATION SIZE, 2016–2020 (USD MILLION) 161
TABLE 162 LATIN AMERICA: DIGITAL PAYMENT MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION) 161
TABLE 163 LATIN AMERICA: DIGITAL PAYMENT MARKET SIZE, BY VERTICAL, 2016–2020 (USD MILLION) 161
TABLE 164 LATIN AMERICA: DIGITAL PAYMENT MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION) 162
TABLE 165 LATIN AMERICA: DIGITAL PAYMENT MARKET SIZE, BY COUNTRY, 2016–2020 (USD MILLION) 162
TABLE 166 LATIN AMERICA: DIGITAL PAYMENT MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION) 162
10.5.4 BRAZIL 163
10.5.5 MEXICO 163
10.5.6 REST OF LATIN AMERICA 163
10.6 MIDDLE EAST AND AFRICA 164
10.6.1 MIDDLE EAST AND AFRICA: REGULATORY NORMS 164
10.6.2 MIDDLE EAST AND AFRICA: DIGITAL PAYMENT MARKET DRIVERS 164
10.6.3 MIDDLE EAST AND AFRICA: COVID-19 IMPACT 164
TABLE 167 MIDDLE EAST AND AMERICA: DIGITAL PAYMENT MARKET SIZE, BY COMPONENT, 2016–2020 (USD MILLION) 165
TABLE 168 MIDDLE EAST AND AMERICA: DIGITAL PAYMENT MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION) 165
TABLE 169 MIDDLE EAST AND AMERICA: DIGITAL PAYMENT SOLUTIONS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION) 165
TABLE 170 MIDDLE EAST AND AMERICA: DIGITAL PAYMENT SOLUTIONS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION) 166
TABLE 171 MIDDLE EAST AND AMERICA: DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION) 166
TABLE 172 MIDDLE EAST AND AMERICA: DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION) 166
TABLE 173 MIDDLE EAST AND AMERICA: PROFESSIONAL DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION) 166
TABLE 174 MIDDLE EAST AND AMERICA: PROFESSIONAL DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION) 167
TABLE 175 MIDDLE EAST AND AMERICA: DIGITAL PAYMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2016–2020 (USD MILLION) 167
TABLE 176 MIDDLE EAST AND AMERICA: DIGITAL PAYMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2021–2026 (USD MILLION) 167
TABLE 177 MIDDLE EAST AND AMERICA: DIGITAL PAYMENT MARKET SIZE, BY ORGANIZATION SIZE, 2016–2020 (USD MILLION) 167
TABLE 178 MIDDLE EAST AND AMERICA: DIGITAL PAYMENT MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION) 168
TABLE 179 MIDDLE EAST AND AMERICA: DIGITAL PAYMENT MARKET SIZE, BY VERTICAL, 2016–2020 (USD MILLION) 168
TABLE 180 MIDDLE EAST AND AMERICA: DIGITAL PAYMENT MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION) 168
TABLE 181 MIDDLE EAST AND AMERICA: DIGITAL PAYMENT MARKET SIZE, BY COUNTRY, 2016–2020 (USD MILLION) 169
TABLE 182 MIDDLE EAST AND AMERICA: DIGITAL PAYMENT MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION) 169
10.6.4 GCC COUNTRIES 169
10.6.5 SOUTH AFRICA 170
10.6.6 REST OF THE MIDDLE EAST AND AFRICA 171

11 COMPETITIVE LANDSCAPE 172

11.1 OVERVIEW 172
11.2 MARKET EVALUATION FRAMEWORK 172
FIGURE 41 DIGITAL PAYMENT MARKET EVALUATION FRAMEWORK, 2019–2021 172
11.3 KEY MARKET DEVELOPMENTS 173
11.3.1 PRODUCT LAUNCHES AND ENHANCEMENTS 173
TABLE 183 NEW PRODUCT LAUNCHES AND PRODUCT ENHANCEMENTS, 2019–2021 173
11.3.2 DEALS 174
TABLE 184 DEALS, 2019–2021 174
11.3.3 OTHERS 176
TABLE 185 OTHERS, 2021 176
11.4 MARKET SHARE ANALYSIS OF TOP PLAYERS 177
TABLE 186 DIGITAL PAYMENT MARKET: DEGREE OF COMPETITION 177
11.5 HISTORICAL REVENUE ANALYSIS 178
FIGURE 42 REVENUE ANALYSIS OF LEADING PLAYERS, 2018–2020 (USD MILLION) 178
11.6 COMPANY EVALUATION MATRIX 179
11.6.1 COMPANY EVALUATION QUADRANT METHODOLOGY AND DEFINITIONS 179
TABLE 187 PRODUCT FOOTPRINT WEIGHTAGE 179
11.6.2 STARS 179
11.6.3 EMERGING LEADERS 179
11.6.4 PERVASIVE PLAYERS 179
11.6.5 PARTICIPANTS 180
FIGURE 43 DIGITAL PAYMENT MARKET (GLOBAL), KEY COMPANY EVALUATION MATRIX, 2021 180
11.7 COMPANY PRODUCT FOOTPRINT ANALYSIS 181
TABLE 188 COMPANY PRODUCT FOOTPRINT 181
TABLE 189 COMPANY APPLICATION FOOTPRINT 182
TABLE 190 COMPANY INDUSTRY FOOTPRINT 183
TABLE 191 COMPANY REGION FOOTPRINT 184
11.8 RANKING OF KEY PLAYERS 185
FIGURE 44 RANKING OF KEY PLAYERS IN THE DIGITAL PAYMENT MARKET, 2021 185
11.9 STARTUP/SME EVALUATION MATRIX METHODOLOGY AND DEFINITIONS 185
FIGURE 45 STARTUP/SME EVALUATION MATRIX: CRITERIA WEIGHTAGE 185
11.9.1 PROGRESSIVE COMPANIES 186
11.9.2 RESPONSIVE COMPANIES 186
11.9.3 DYNAMIC COMPANIES 186
11.9.4 STARTING BLOCKS 186
FIGURE 46 DIGITAL PAYMENT MARKET (GLOBAL) STARTUP/SME COMPANY EVALUATION MATRIX, 2021 187

12 COMPANY PROFILES 188

12.1 MAJOR PLAYERS 188
(Business Overview, Products, Recent Developments, Response to COVID-19, MnM View)*
12.1.1 PAYPAL 188
TABLE 192 PAYPAL: BUSINESS OVERVIEW 188
FIGURE 47 PAYPAL: COMPANY SNAPSHOT 189
TABLE 193 PAYPAL: PRODUCTS OFFERED 189
TABLE 194 PAYPAL: DIGITAL PAYMENT MARKET: PRODUCT LAUNCHES 190
TABLE 195 PAYPAL: DIGITAL PAYMENT MARKET: DEALS 191
TABLE 196 PAYPAL: DIGITAL PAYMENT MARKET: OTHERS 192
12.1.2 FISERV 194
TABLE 197 FISERV: BUSINESS OVERVIEW 194
FIGURE 48 FISERV: COMPANY SNAPSHOT 195
TABLE 198 FISERV: PRODUCTS OFFERED 195
TABLE 199 FISERV: DIGITAL PAYMENT MARKET: PRODUCT LAUNCHES 197
TABLE 200 FISERV: DIGITAL PAYMENT MARKET: DEALS 197
TABLE 201 FISERV: DIGITAL PAYMENT MARKET: OTHERS 200
12.1.3 FIS 202
TABLE 202 FIS: BUSINESS OVERVIEW 202
FIGURE 49 FIS: COMPANY SNAPSHOT 203
TABLE 203 FIS: PRODUCTS OFFERED 203
TABLE 204 FIS: DIGITAL PAYMENT MARKET: PRODUCT LAUNCHES 204
TABLE 205 FIS: DIGITAL PAYMENT MARKET: DEALS 204
TABLE 206 FIS: DIGITAL PAYMENT MARKET: OTHERS 207
12.1.4 SQUARE 209
TABLE 207 SQUARE: BUSINESS OVERVIEW 209
FIGURE 50 SQUARE: COMPANY SNAPSHOT 210
TABLE 208 SQUARE: PRODUCTS OFFERED 210
TABLE 209 SQUARE: DIGITAL PAYMENT MARKET: PRODUCT LAUNCHES 211
TABLE 210 SQUARE: DIGITAL PAYMENT MARKET: DEALS 212
TABLE 211 SQUARE: DIGITAL PAYMENT MARKET: OTHERS 213
12.1.5 GLOBAL PAYMENTS 214
TABLE 212 GLOBAL PAYMENTS: BUSINESS OVERVIEW 214
FIGURE 51 GLOBAL PAYMENTS: COMPANY SNAPSHOT 215
TABLE 213 GLOBAL PAYMENTS: PRODUCTS OFFERED 215
TABLE 214 GLOBAL PAYMENTS: DIGITAL PAYMENT MARKET: DEALS 216
12.1.6 STRIPE 220
TABLE 215 STRIPE: BUSINESS OVERVIEW 220
TABLE 216 STRIPE: PRODUCTS OFFERED 220
TABLE 217 STRIPE: DIGITAL PAYMENT MARKET: PRODUCT LAUNCHES 221
TABLE 218 STRIPE: DIGITAL PAYMENT MARKET: DEALS 221
TABLE 219 STRIPE: DIGITAL PAYMENT MARKET: OTHERS 222
12.1.7 VISA 223
TABLE 220 VISA: BUSINESS OVERVIEW 223
FIGURE 52 VISA: COMPANY SNAPSHOT 224
TABLE 221 VISA: PRODUCTS OFFERED 224
TABLE 222 VISA: DIGITAL PAYMENT MARKET: PRODUCT LAUNCHES 225
TABLE 223 VISA: DIGITAL PAYMENT MARKET: DEALS 226
TABLE 224 VISA: DIGITAL PAYMENT MARKET: OTHERS 228
12.1.8 MASTERCARD 230
TABLE 225 MASTERCARD: BUSINESS OVERVIEW 230
FIGURE 53 MASTERCARD: COMPANY SNAPSHOT 231
TABLE 226 MASTERCARD: PRODUCTS OFFERED 231
TABLE 227 MASTERCARD: DIGITAL PAYMENT MARKET: PRODUCT LAUNCHES 233
TABLE 228 MASTERCARD: DIGITAL PAYMENT MARKET: DEALS 233
12.1.9 WORLDLINE 237
TABLE 229 WORLDLINE: BUSINESS OVERVIEW 237
FIGURE 54 WORLDLINE: COMPANY SNAPSHOT 238
TABLE 230 WORLDLINE: PRODUCTS OFFERED 238
TABLE 231 WORLDLINE: DIGITAL PAYMENT MARKET: PRODUCT LAUNCHES 239
TABLE 232 WORLDLINE: DIGITAL PAYMENT MARKET: DEALS 240
TABLE 233 WORLDLINE: DIGITAL PAYMENT MARKET: OTHERS 241
12.1.10 ADYEN 242
TABLE 234 ADYEN: BUSINESS OVERVIEW 242
FIGURE 55 ADYEN COMPANY SNAPSHOT 243
TABLE 235 ADYEN: PRODUCTS OFFERED 243
TABLE 236 ADYEN: DIGITAL PAYMENT MARKET: PRODUCT LAUNCHES 244
TABLE 237 ADYEN: DIGITAL PAYMENT MARKET: DEALS 244
TABLE 238 ADYEN: DIGITAL PAYMENT MARKET: OTHERS 245
12.1.11 ACI WORLDWIDE 246
TABLE 239 ACI WORLDWIDE: BUSINESS OVERVIEW 246
FIGURE 56 ACI WORLDWIDE: COMPANY SNAPSHOT 247
TABLE 240 ACI WORLDWIDE: PRODUCTS OFFERED 247
TABLE 241 ACI WORLDWIDE: DIGITAL PAYMENT MARKET: PRODUCT LAUNCHES 248
TABLE 242 ACI WORLDWIDE: DIGITAL PAYMENT MARKET: DEALS 249
12.1.12 TEMENOS 252
TABLE 243 TEMENOS: BUSINESS OVERVIEW 252
FIGURE 57 TEMENOS: COMPANY SNAPSHOT 253
TABLE 244 TEMENOS: PRODUCTS OFFERED 253
TABLE 245 TEMENOS: DIGITAL PAYMENT MARKET: DEALS 254
12.1.13 PAYU 255
TABLE 246 PAYU: BUSINESS OVERVIEW 255
TABLE 247 PAYU: PRODUCTS OFFERED 255
TABLE 248 PAYU: DIGITAL PAYMENT MARKET: PRODUCT LAUNCHES 256
TABLE 249 PAYU: DIGITAL PAYMENT MARKET: DEALS 256
TABLE 250 PAYU: DIGITAL PAYMENT MARKET: OTHERS 257
12.1.14 APPLE 258
TABLE 251 APPLE: BUSINESS OVERVIEW 258
FIGURE 58 APPLE: COMPANY SNAPSHOT 259
TABLE 252 APPLE: PRODUCTS OFFERED 259
TABLE 253 APPLE: DIGITAL PAYMENT MARKET: DEALS 259
12.1.15 JPMORGAN CHASE 260
TABLE 254 JPMORGAN CHASE: BUSINESS OVERVIEW 260
FIGURE 59 JPMORGAN CHASE: COMPANY SNAPSHOT 261
TABLE 255 JPMORGAN CHASE: PRODUCTS OFFERED 261
TABLE 256 JPMORGAN CHASE: DIGITAL PAYMENT MARKET: DEALS 262
TABLE 257 JP MORGAN CHASE: DIGITAL PAYMENT MARKET: OTHERS 262
12.1.16 WEX 263
TABLE 258 WEX: BUSINESS OVERVIEW 263
FIGURE 60 WEX: COMPANY SNAPSHOT 264
TABLE 259 WEX: PRODUCTS OFFERED 264
TABLE 260 WEX: DIGITAL PAYMENT MARKET: DEALS 265
TABLE 261 WEX: DIGITAL PAYMENT MARKET: OTHERS 265
12.1.17 FLEETCOR 266
TABLE 262 FLEETCOR: BUSINESS OVERVIEW 266
FIGURE 61 FLEETCOR: COMPANY SNAPSHOT 267
TABLE 263 FLEETCOR: PRODUCTS OFFERED 267
TABLE 264 FLEETCOR: DIGITAL PAYMENT MARKET: DEALS 268
*Details on Business Overview, Products, Recent Developments, Response to COVID-19, MnM View might not be captured in case of unlisted companies.
12.2 OTHER PLAYERS 269
12.2.1 AURUS 269
12.2.2 PAYTRACE 270
12.2.3 STAX BY FATTMERCHANT 271
12.2.4 2CHECKOUT (VERIFONE) 271
12.2.5 SPREEDLY 272
12.2.6 DWOLLA 272
12.2.7 BRAINTREE 273
12.2.8 CLOVER 273
12.2.9 OPENWAY GROUP 274
12.2.10 EBANX 274

13 APPENDIX 275

13.1 ADJACENT/RELATED MARKETS 275
13.1.1 LIMITATIONS 275
13.1.2 PAYMENT PROCESSING SOLUTIONS MARKET 275
13.1.2.1 Market definition 275
13.1.2.2 Market overview 275
13.1.2.3 Payment processing solutions market, by payment method 276
TABLE 265 PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY PAYMENT METHOD, 2014–2019 (USD MILLION) 276
TABLE 266 PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY PAYMENT METHOD, 2019–2025 (USD MILLION) 277
13.1.2.4 Payment processing solutions market, by deployment mode 277
TABLE 267 PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY DEPLOYMENT MODE, 2014–2019 (USD MILLION) 277
TABLE 268 PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY DEPLOYMENT MODE, 2019–2025 (USD MILLION) 277
13.1.2.5 Payment processing solutions market, by vertical 278
TABLE 269 PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY VERTICAL,
2014–2019 (USD MILLION) 278
TABLE 270 PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY VERTICAL,
2019–2025 (USD MILLION) 279
13.1.2.6 Payment processing solutions market, by region 279
TABLE 271 PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY REGION,
2014–2019 (USD MILLION) 279
TABLE 272 PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY REGION,
2019–2025 (USD MILLION) 280
13.1.3 CONTACTLESS PAYMENTS MARKET 280
13.1.3.1 Market definition 280
13.1.3.2 Market overview 280
13.1.3.3 Contactless payments market, by component 281
TABLE 273 CONTACTLESS PAYMENTS MARKET SIZE, BY COMPONENT,
2018–2025 (USD MILLION) 281
TABLE 274 HARDWARE: CONTACTLESS PAYMENTS MARKET SIZE, BY TYPE,
2018–2025 (USD MILLION) 281
TABLE 275 SERVICES: CONTACTLESS PAYMENTS MARKET SIZE, BY TYPE,
2018–2025 (USD MILLION) 281
13.1.3.4 Contactless payments market, by vertical 282
TABLE 276 CONTACTLESS PAYMENTS MARKET SIZE, BY VERTICAL,
2018–2025 (USD MILLION) 282
13.1.3.5 Contactless payments market, by region 282
TABLE 277 CONTACTLESS PAYMENTS MARKET SIZE, BY REGION,
2018–2025 (USD MILLION) 283
13.1.4 PAYMENT AS A SERVICE MARKET 283
13.1.4.1 Market definition 283
13.1.4.2 Market overview 283
13.1.4.3 Payment as a service market, by component 284
TABLE 278 PAYMENT AS A SERVICE MARKET SIZE, BY COMPONENT,
2017–2024 (USD MILLION) 284
TABLE 279 SERVICES: PAYMENT AS A SERVICE MARKET SIZE, BY TYPE,
2017–2024 (USD MILLION) 284
TABLE 280 PROFESSIONAL SERVICES: PAYMENT AS A SERVICE MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION) 284
13.1.4.4 Payment as a service market, by vertical 285
TABLE 281 PAYMENT AS A SERVICE MARKET SIZE, BY VERTICAL,
2017–2024 (USD MILLION) 285
13.1.4.5 Payment as a service market, by region 285
TABLE 282 PAYMENT AS A SERVICE MARKET SIZE, BY REGION,
2017–2024 (USD MILLION) 285
13.1.5 REAL-TIME PAYMENTS MARKET 286
13.1.5.1 Market definition 286
13.1.5.2 Market overview 286
13.1.5.3 Real-time payments market, by nature of payment 287
TABLE 283 REAL-TIME PAYMENTS MARKET SIZE, BY NATURE OF PAYMENT,
2016–2023 (USD MILLION) 287
TABLE 284 PERSON-TO-PERSON: REAL-TIME PAYMENTS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 287
TABLE 285 PERSON-TO-BUSINESS: REAL-TIME PAYMENTS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 288
TABLE 286 BUSINESS-TO-PERSON: REAL-TIME PAYMENTS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 288
TABLE 287 OTHERS: REAL-TIME PAYMENTS MARKET SIZE, BY REGION,
2016–2023 (USD MILLION) 288
13.1.5.4 Real-time payments market, by component 289
TABLE 288 REAL-TIME PAYMENTS MARKET SIZE, BY COMPONENT,
2016–2023 (USD MILLION) 289
TABLE 289 SOLUTIONS: REAL-TIME PAYMENTS MARKET SIZE, BY TYPE,
2016–2023 (USD MILLION) 289
TABLE 290 PAYMENT GATEWAY MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 289
TABLE 291 PAYMENT PROCESSING MARKET SIZE, BY REGION,
2016–2023 (USD MILLION) 290
TABLE 292 PAYMENT SECURITY AND FRAUD MANAGEMENT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 290
TABLE 293 SERVICES: REAL-TIME PAYMENTS MARKET SIZE, BY TYPE,
2016–2023 (USD MILLION) 290
TABLE 294 PROFESSIONAL SERVICES MARKET SIZE, BY REGION,
2016–2023 (USD MILLION) 291
TABLE 295 MANAGED SERVICES MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 291
13.1.5.5 Real-time payments market, by deployment mode 291
TABLE 296 REAL-TIME PAYMENTS MARKET SIZE, BY DEPLOYMENT MODE,
2016–2023 (USD MILLION) 291
13.1.5.6 Real-time payments market, by enterprise size 292
TABLE 297 REAL-TIME PAYMENTS MARKET SIZE, BY ENTERPRISE SIZE,
2016–2023 (USD MILLION) 292
13.1.5.7 Real-time payments market, by vertical 292
TABLE 298 REAL-TIME PAYMENTS MARKET SIZE, BY VERTICAL,
2016–2023 (USD MILLION) 292
13.1.5.8 Real-time payments market, by region 293
TABLE 299 REAL-TIME PAYMENTS MARKET SIZE, BY REGION,
2016–2023 (USD MILLION) 293
13.2 DISCUSSION GUIDE 294
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 297
13.4 AVAILABLE CUSTOMIZATIONS 299
13.5 RELATED REPORTS 299
13.6 AUTHOR DETAILS 300