Digital payment solutions market to reach US$ 24.31 trillion by 2030

The global market for digital payment solutions is set to expand at a compound annual growth rate (CAGR) of 15.20% from 2023 to 2030, predicting a surge in market value to reach US$ 24.31 trillion by 2030, according to Research and Markets.

Market dynamics are influenced by the growing adoption of smartphones, wider internet penetration, innovative payment technologies, and burgeoning e-commerce activities.

The research details the current state of the market across various regions, with a deep dive into countries experiencing rapid transformation and innovation in digital payments. China’s digital payment industry is spotlighted as a significant contributor to the global market growth, largely due to the widespread adoption of mobile payment technologies and government initiatives promoting digital financial inclusion.

The report includes a competitive landscape analysis, focusing on key market players that are shaping the future of digital payments. It provides valuable information on the strategic initiatives and market positioning of leading entities including PayPal Holdings Inc., Visa Inc., Mastercard Incorporated, and others.

Industry stakeholders, policy makers, investors, and businesses looking to understand the digital payment market dynamics will find this report indispensable, as it encompasses a rich trove of data, trend analysis, and forward-looking statements. Research and Markets