Latest Report Available at Advance Market Analytics, "Global Digital Payment" provides pin-point analysis for changing competitive dynamics and a forward looking perspective on different factors driving or restraining industry growth. Global Digital Payment Market research report shows the latest market insights with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors, Challenges and Current Scenario Analysis of the Global Digital Payment. This Report also covers the emerging player's data, including: competitive situation, sales, revenue and global market share of top manufacturers are ACI Worldwide Inc. (United States), Google Inc. (United States), Fidelity National Information Services, Inc. (United States), Fiserv, Inc. (United States), PayPal Holdings, Inc. (United States), Wirecard AG (Germany), Alipay (China), Vodafone Group Plc. (United Kingdom), Orange S.A. (France), Gemalto (Netherlands), Fidelity National Information Services, Inc. (FIS) (United States) and Mastercard Incorporated (United States)
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Brief Overview on Global Digital Payment
Digital Payment is the process of sending and receiving money through any kind of electronic platform and does not involve any sort of hard cash. It is a very easy, useful, and instant way of making any kind of online money transactions. These days the digital payment is attracting more and more people and has become a major part of the daily lives and is thus impacting the society, as well as business and in turn the economy to a very large extent. With the increased usage of the innovative technology has therefore enabled the digital payment infrastructure and also helped in the creation of more innovative products like the mobile wallets, etc. However, apart from all these factors, there are also some issues that are related to security such as the hacking of personal data and unpredicted technical issues that could create problems. The demand for online payment is constantly growing globally due to the growing e-commerce market and improved customer experience. The leap towards digital payment has considerably increased owing to the emphasis towards a cashless economy.
Market Drivers
- Rising Need for the Elimination of Physical Money Transactions So As To Curb the Money Related Frauds
Market Trend
- Increasing use of Digital Payment Methods Among the Youth Generation
Restraints
- The Cybersecurity Related Theft Associated with Using Digital Payment
Opportunities
- Rising Promotional Events and Activities Regarding Cashless Payments
The Global Digital Payment Market segments and Market Data Break Down are illuminated below:
Type (Solution, Services), Application (Shopping, Paying Bills, Others), Mode of Transaction (Credit/ Debit Card, Bank Transfers, E-Wallets, Direct Debits, Others), Payment Type (Person to Person, Person to Business, Business to Person, Business to Business), Device Used (Smartphones, Tablets, Laptops, Others), End User (Multi-National Organizations, Financial Institutions (Banks), Payment Network, Intermediaries, Merchants, Customers, Others)