Digital Payment Market by Type (Services and Solutions), Solution Type (Payment Wallet, POS Solution, Payment Processing, Payment Gateway, Fraud Management and Payment Security), Entity Size, Deployment Mode, and Region – 2022 to 2027


The global digital payments market is expected to reach USD 7,640 billion by 2024, recording a CAGR of 13.72%, during the forecast period of 2019 to 2024. This market growth is largely driven by the growing promotion of digital payments, high smartphone penetration, robust internet proliferation, and the need for better customer service at POS terminals.