Digital Payment Systems Market

Digital Payment Systems Market by Type (Bank Cards, Unstructured Supplementary Data Service (USSD), Mobile wallets, Internet Banking, PoS (Point of Sale), Others), Industry Verticals (Banking Sector, Transportation Industry, Retail Industry, Telecommunications Industry, Others), Device (Smartphones, Tablets, Laptops, Others), Solution (Payment Wallet, Payment Gateway, Payment Security, Payment Processing) Players and Region - Global Market Outlook to 2027

Digital Payment Systems Market

Digital Payment Systems Market by Type (Bank Cards, Unstructured Supplementary Data Service (USSD), Mobile wallets, Internet Banking, PoS (Point of Sale), Others), Industry Verticals (Banking Sector, Transportation Industry, Retail Industry, Telecommunications Industry, Others), Device (Smartphones, Tablets, Laptops, Others), Solution (Payment Wallet, Payment Gateway, Payment Security, Payment Processing) Players and Region - Global Market Outlook to 2027


Digital Payment Systems Market by End User (Office Building Construction, Retail Construction, Hospitality Construction, Institutional Construction, Other End Users), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast - is a comprehensive report that provides insights into the market dynamics, including the key drivers, challenges, and opportunities shaping the industry landscape. It also delves into the competitive landscape, highlighting the major players and their strategies.


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Digital Payment Systems are used to send and receive money through electronic platforms which do not involve any hard cash. It is an easy, instant, and convenient way for online money transactions. However, there are some issues related to cybersecurity like personal data may get hacked and unexpected technical issues might create problems. The demand for Online Payment systems is continuously growing globally because of the eCommerce market and better customer experience

Growth Drivers
  • Prevalence of use of Smartphones with Good Network Connectivity and Digital Platforms
  • Rising Need for Eliminating Black Money Transactions

 

Roadblocks
  • The Cybersecurity Related Theft Associated with Using Digital Payment Systems
  • Lack of Knowledge about Digital Payment Systems in Rural Regions of the World

 

Opportunities
  • Rising Promotional Events and Activities of Cashless Payments will Boost the Digital Payment System Market
  • The Advancement and Development in Digital Payment System Technology
  • Growing Use of the E-commerce Industry

 

Challenges
  • Unexpected Technological Errors can Hinder the Market
  • The Necessity of Internet Access


Competitive Landscape:


Some of the key players profiled in the report are

  • Android Pay (Google LLC) (United States)
  • ACI Worldwide (United States)
  • PayPal Holdings Inc. (United States)
  • Adyen (Netherlands)
  • Global Payments (United States)
  • Amex Pay (American Express) (United States)
  • FIS (United States)
  • Novatti Group Ltd. (Australia)
  • Total System Services Inc. (United States)
  • PayU Group (Netherlands)
  • Dwolla Inc. (United States) 
  • NTT DATA Corporation (Japan). 

Key Segmentation Covered

By Type
  • Bank Cards
  • Unstructured Supplementary Data Service (USSD)
  • Mobile wallets
  • Internet Banking
  • PoS (Point of Sale)
  • Others
By Industry Verticals
  • Banking Sector
  • Transportation Industry
  • Retail Industry
  • Telecommunications Industry
  • Others

 

By Device
  • Smartphones
  • Tablets
  • Laptops
  • Others

 

By Solution

 

By Regions
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Taiwan
    • Australia
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • France
    • Italy
    • United Kingdom
    • Netherlands
    • Rest of Europe
  • MEA
    • Middle East
    • Africa
  • North America
    • United States
    • Canada
    • Mexico

  • 1. Market Overview
    • 1.1. Introduction
    • 1.2. Scope/Objective of the Study
      • 1.2.1. Research Objective
  • 2. Executive Summary
    • 2.1. Introduction
  • 3. Market Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Prevalence of use of Smartphones with Good Network Connectivity and Digital Platforms
      • 3.2.2. Rising Need for Eliminating Black Money Transactions
    • 3.3. Market Challenges
      • 3.3.1. Unexpected Technological Errors can Hinder the Market
      • 3.3.2. The Necessity of Internet Access
    • 3.4. Market Trends
      • 3.4.1. Increasing use of Digital Payment Method Among Generation Z who have Never known the World without Smartphones and Internet
      • 3.4.2. The Advent of Digital Money in Digital Payment System Market
      • 3.4.3. Use of Digital Payment Applications is on Trend
  • 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  • 5. Global Digital Payment Systems, by Type, Industry Verticals, Device, Solution and Region (value and price ) (2016-2021)
    • 5.1. Introduction
    • 5.2. Global Digital Payment Systems (Value)
      • 5.2.1. Global Digital Payment Systems by: Type (Value)
        • 5.2.1.1. Bank Cards
        • 5.2.1.2. Unstructured Supplementary Data Service (USSD)
        • 5.2.1.3. Mobile wallets
        • 5.2.1.4. Internet Banking
        • 5.2.1.5. PoS (Point of Sale)
        • 5.2.1.6. Others
      • 5.2.2. Global Digital Payment Systems by: Industry Verticals (Value)
        • 5.2.2.1. Banking Sector
        • 5.2.2.2. Transportation Industry
        • 5.2.2.3. Retail Industry
        • 5.2.2.4. Telecommunications Industry
        • 5.2.2.5. Others
      • 5.2.3. Global Digital Payment Systems by: Device (Value)
        • 5.2.3.1. Smartphones
        • 5.2.3.2. Tablets
        • 5.2.3.3. Laptops
        • 5.2.3.4. Others
      • 5.2.4. Global Digital Payment Systems by: Solution (Value)
        • 5.2.4.1. Payment Wallet
        • 5.2.4.2. Payment Gateway
        • 5.2.4.3. Payment Security
        • 5.2.4.4. Payment Processing
      • 5.2.5. Global Digital Payment Systems Region
        • 5.2.5.1. South America
          • 5.2.5.1.1. Brazil
          • 5.2.5.1.2. Argentina
          • 5.2.5.1.3. Rest of South America
        • 5.2.5.2. Asia Pacific
          • 5.2.5.2.1. China
          • 5.2.5.2.2. Japan
          • 5.2.5.2.3. India
          • 5.2.5.2.4. South Korea
          • 5.2.5.2.5. Taiwan
          • 5.2.5.2.6. Australia
          • 5.2.5.2.7. Rest of Asia-Pacific
        • 5.2.5.3. Europe
          • 5.2.5.3.1. Germany
          • 5.2.5.3.2. France
          • 5.2.5.3.3. Italy
          • 5.2.5.3.4. United Kingdom
          • 5.2.5.3.5. Netherlands
          • 5.2.5.3.6. Rest of Europe
        • 5.2.5.4. MEA
          • 5.2.5.4.1. Middle East
          • 5.2.5.4.2. Africa
        • 5.2.5.5. North America
          • 5.2.5.5.1. United States
          • 5.2.5.5.2. Canada
          • 5.2.5.5.3. Mexico
    • 5.3. Global Digital Payment Systems (Price)
      • 5.3.1. Global Digital Payment Systems by: Type (Price)
  • 6. Digital Payment Systems: Manufacturers/Players Analysis
    • 6.1. Competitive Landscape
      • 6.1.1. Market Share Analysis
        • 6.1.1.1. Top 3
        • 6.1.1.2. Top 5
    • 6.2. Peer Group Analysis (2021)
    • 6.3. BCG Matrix
    • 6.4. Company Profile
      • 6.4.1. Android Pay (Google LLC) (United States)
        • 6.4.1.1. Business Overview
        • 6.4.1.2. Products/Services Offerings
        • 6.4.1.3. Financial Analysis
        • 6.4.1.4. SWOT Analysis
      • 6.4.2. ACI Worldwide (United States)
        • 6.4.2.1. Business Overview
        • 6.4.2.2. Products/Services Offerings
        • 6.4.2.3. Financial Analysis
        • 6.4.2.4. SWOT Analysis
      • 6.4.3. PayPal Holdings Inc. (United States)
        • 6.4.3.1. Business Overview
        • 6.4.3.2. Products/Services Offerings
        • 6.4.3.3. Financial Analysis
        • 6.4.3.4. SWOT Analysis
      • 6.4.4. Adyen (Netherlands)
        • 6.4.4.1. Business Overview
        • 6.4.4.2. Products/Services Offerings
        • 6.4.4.3. Financial Analysis
        • 6.4.4.4. SWOT Analysis
      • 6.4.5. Global Payments (United States)
        • 6.4.5.1. Business Overview
        • 6.4.5.2. Products/Services Offerings
        • 6.4.5.3. Financial Analysis
        • 6.4.5.4. SWOT Analysis
      • 6.4.6. Amex Pay (American Express) (United States)
        • 6.4.6.1. Business Overview
        • 6.4.6.2. Products/Services Offerings
        • 6.4.6.3. Financial Analysis
        • 6.4.6.4. SWOT Analysis
      • 6.4.7. FIS (United States)
        • 6.4.7.1. Business Overview
        • 6.4.7.2. Products/Services Offerings
        • 6.4.7.3. Financial Analysis
        • 6.4.7.4. SWOT Analysis
      • 6.4.8. Novatti Group Ltd. (Australia)
        • 6.4.8.1. Business Overview
        • 6.4.8.2. Products/Services Offerings
        • 6.4.8.3. Financial Analysis
        • 6.4.8.4. SWOT Analysis
      • 6.4.9. Total System Services Inc. (United States)
        • 6.4.9.1. Business Overview
        • 6.4.9.2. Products/Services Offerings
        • 6.4.9.3. Financial Analysis
        • 6.4.9.4. SWOT Analysis
      • 6.4.10. PayU Group (Netherlands)
        • 6.4.10.1. Business Overview
        • 6.4.10.2. Products/Services Offerings
        • 6.4.10.3. Financial Analysis
        • 6.4.10.4. SWOT Analysis
      • 6.4.11. Dwolla Inc. (United States)
        • 6.4.11.1. Business Overview
        • 6.4.11.2. Products/Services Offerings
        • 6.4.11.3. Financial Analysis
        • 6.4.11.4. SWOT Analysis
      • 6.4.12. NTT DATA Corporation (Japan)
        • 6.4.12.1. Business Overview
        • 6.4.12.2. Products/Services Offerings
        • 6.4.12.3. Financial Analysis
        • 6.4.12.4. SWOT Analysis
  • 7. Global Digital Payment Systems Sale, by Type, Industry Verticals, Device, Solution and Region (value and price ) (2022-2027)
    • 7.1. Introduction
    • 7.2. Global Digital Payment Systems (Value)
      • 7.2.1. Global Digital Payment Systems by: Type (Value)
        • 7.2.1.1. Bank Cards
        • 7.2.1.2. Unstructured Supplementary Data Service (USSD)
        • 7.2.1.3. Mobile wallets
        • 7.2.1.4. Internet Banking
        • 7.2.1.5. PoS (Point of Sale)
        • 7.2.1.6. Others
      • 7.2.2. Global Digital Payment Systems by: Industry Verticals (Value)
        • 7.2.2.1. Banking Sector
        • 7.2.2.2. Transportation Industry
        • 7.2.2.3. Retail Industry
        • 7.2.2.4. Telecommunications Industry
        • 7.2.2.5. Others
      • 7.2.3. Global Digital Payment Systems by: Device (Value)
        • 7.2.3.1. Smartphones
        • 7.2.3.2. Tablets
        • 7.2.3.3. Laptops
        • 7.2.3.4. Others
      • 7.2.4. Global Digital Payment Systems by: Solution (Value)
        • 7.2.4.1. Payment Wallet
        • 7.2.4.2. Payment Gateway
        • 7.2.4.3. Payment Security
        • 7.2.4.4. Payment Processing
      • 7.2.5. Global Digital Payment Systems Region
        • 7.2.5.1. South America
          • 7.2.5.1.1. Brazil
          • 7.2.5.1.2. Argentina
          • 7.2.5.1.3. Rest of South America
        • 7.2.5.2. Asia Pacific
          • 7.2.5.2.1. China
          • 7.2.5.2.2. Japan
          • 7.2.5.2.3. India
          • 7.2.5.2.4. South Korea
          • 7.2.5.2.5. Taiwan
          • 7.2.5.2.6. Australia
          • 7.2.5.2.7. Rest of Asia-Pacific
        • 7.2.5.3. Europe
          • 7.2.5.3.1. Germany
          • 7.2.5.3.2. France
          • 7.2.5.3.3. Italy
          • 7.2.5.3.4. United Kingdom
          • 7.2.5.3.5. Netherlands
          • 7.2.5.3.6. Rest of Europe
        • 7.2.5.4. MEA
          • 7.2.5.4.1. Middle East
          • 7.2.5.4.2. Africa
        • 7.2.5.5. North America
          • 7.2.5.5.1. United States
          • 7.2.5.5.2. Canada
          • 7.2.5.5.3. Mexico
    • 7.3. Global Digital Payment Systems (Price)
      • 7.3.1. Global Digital Payment Systems by: Type (Price)
  • 8. Appendix
    • 8.1. Acronyms
  • 9. Methodology and Data Source
    • 9.1. Methodology/Research Approach
      • 9.1.1. Research Programs/Design
      • 9.1.2. Market Size Estimation
      • 9.1.3. Market Breakdown and Data Triangulation
    • 9.2. Data Source
      • 9.2.1. Secondary Sources
      • 9.2.2. Primary Sources
    • 9.3. Disclaimer

Tables & Figures:
Show more
Research Methodology:
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Digital Payment Systems Market Size Estimation

To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.

Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.

Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.

We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.

Data Source

Secondary Sources

This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.

These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.

Market Size
  • Segmental value
  • Geographic Penetration
  • Product Adoption Rate for Different market
  • Journals, Websites, and Press Releases
  • Annual Reports and SEC Filings
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Market Intellix Data Repository
Market Position of Top Company
  • Product Financials
  • Geographic value Mix
  • Total Company value
  • Business/Segmental value Mix
Qualitative Analysis
  • Influence Factors
  • Market Potential
  • Market Risks and Opportunities
  • Industry Trends
  • Geographical Features
  • Government Policies
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Annual Reports
  • Industry Associations
  • Market Intellix Data Repository

Primary Sources

As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.

On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.

These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.

Key Data Information from Primary Sources

Primary Sources Parameters Key Data
Market Segments(by Application, by Type)
  • Value by Type
  • Status and Forecast
  • Value by Application
  • Value by Regions, Status and Forecast (2025-2031)
  • Value Market Share by Type
  • Value Growth Rate by Type
  • Value by Application
  • Percentage and Growth Rate by Application
  • Value Growth Rate and Market Share by Regions
  • Market Size Status and Forecast (2025-2031)
Total Market
  • Overall Size, Status and Forecast
  • Market Size Status and Forecast (2025-2031)
Frequently asked questions(FAQ's):
What are the major applications of the Digital Payment Systems Market?
Depending upon the type of applications, the Digital Payment Systems Market has been segmented into and other applications.
What is the forecasted growth rate of the Digital Payment Systems Market?
The Digital Payment Systems Market is expected to grow at a moderate CAGR during the forecast period of 2025 to 2030.
What trends may have an impact on the Digital Payment Systems Market's growth?
A handful of disruptive trends, nevertheless, will have a contradictory and significant impact on the development of the Digital Payment Systems Market as well as its distribution among its players
Who should consider the Digital Payment Systems Market study?
The Digital Payment Systems Industry stakeholders, executives, and experts, as well as individuals who need to develop consumer-friendly strategies and use technology to stay ahead of the competition.