Global Digital Payments Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Offering;

Solutions, and Services.

By Transaction Type;

Domestic, and Cross Border.

By Payment Mode;

Cards, ACH Transfer, Digital Wallet, and Others.

By Vertical;

BFSI, Retail & E-commerce, IT & ITeS, Telecom, Healthcare, Travel & Hospitality, Transportation & Logistics, Media & Entertainment, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn760810186 Published Date: May, 2025 Updated Date: June, 2025

Digital Payments Market Overview

Digital Payments Market (USD Million)

Digital Payments Market was valued at USD 119,282.56 million in the year 2024. The size of this market is expected to increase to USD 442,596.64 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 20.6%.


Global Digital Payments Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 20.6 %


Study Period2025 - 2031
Base Year2024
CAGR (%)20.6 %
Market Size (2024)USD 119,282.56 Million
Market Size (2031)USD 442,596.64 Million
Market ConcentrationLow
Report Pages350
119,282.56
2024
442,596.64
2031

Major Players

  • PayPal
  • Fiserv
  • FIS
  • Global Payments
  • Square
  • Stripe
  • VISA
  • Mastercard
  • Worldline
  • Adyen
  • ACI Worldwide
  • Temenos

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Digital Payments Market

Fragmented - Highly competitive market without dominant players


The Digital Payments Market is evolving rapidly with the growing popularity of cashless transactions powered by smartphones and e-commerce. Over 65% of users now favor digital methods over traditional payment forms. Increasing use of real-time systems and digital wallets continues to elevate the market's momentum across consumer and business landscapes.

Technology Innovations Transforming Payments
Cutting-edge technologies like artificial intelligence, blockchain, and biometric verification are reshaping digital payment security and speed. More than 70% of payment platforms are leveraging AI-based solutions to reduce fraud and enhance customer experience. These innovations play a pivotal role in attracting and retaining a larger user base.

Growing Demand Across End-Users
User expectations for fast, secure, and intuitive payment experiences are rising. Over 60% cite efficiency as their primary reason for adopting digital payment solutions. Businesses are investing in automated transactions, driving the market forward with increased usage in both B2C and B2B settings.

Regulatory Support Enhancing Adoption
Favorable regulations are acting as catalysts for digital payment infrastructure. Nearly 58% of banking and financial institutions acknowledge that updated compliance models have boosted innovation. Enhanced policy environments are enabling interoperability and system upgrades for smoother payment flows.

Outlook Strengthened by Market Penetration
With increasing digital service accessibility, over 75% of retailers are expected to embrace mobile and digital transactions in the near future. The future of the market lies in real-time, secure, and inclusive platforms that prioritize user needs and continue advancing the digital economy.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Offering
    2. Market Snapshot, By Transaction Type
    3. Market Snapshot, By Payment Mode
    4. Market Snapshot, By Vertical
    5. Market Snapshot, By Region
  4. Digital Marketing Analytics Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Data Proliferation
        2. Personalized Marketing
        3. Increasing Digital Ad Spend
      2. Restraints
        1. Data Privacy Concerns
        2. Integration Complexity
        3. Skill Shortages

      3. Opportunities
        1. AI and ML Integration
        2. Cross-Channel Insights
        3. Real-Time Analytics
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Digital Marketing Analytics Market, By Offering, 2021 - 2031 (USD Million)
      1. Solutions
      2. Services
    2. Digital Marketing Analytics Market, By Transaction Type, 2021 - 2031 (USD Million)
      1. Domestic
      2. Cross Border
    3. Digital Marketing Analytics Market, By Payment Mode, 2021 - 2031 (USD Million)
      1. Cards
      2. ACH Transfer
      3. Digital Wallet
      4. Others
    4. Digital Marketing Analytics Market, By Vertical, 2021 - 2031 (USD Million)
      1. BFSI
      2. Retail & E-commerce
      3. IT & ITeS
      4. Telecom
      5. Healthcare
      6. Travel & Hospitality
      7. Transportation & Logistics
      8. Media & Entertainment
      9. Others
    5. Digital Marketing Analytics Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. PayPal
      2. Fiserv
      3. FIS
      4. Global Payments
      5. Square
      6. Stripe
      7. VISA
      8. Mastercard
      9. Worldline
      10. Adyen
      11. ACI Worldwide
      12. Temenos
  7. Analyst Views
  8. Future Outlook of the Market