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Feb. 7, 2020, 6:27 a.m. EST

Digital Payments Market 2019| Global Industry Status, Overview by Industry Size, Share, Future Trends, Growth Factors and Leading Players Forecast to 2024 – Industry Research.co

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Feb 07, 2020 (The Expresswire) -- Digital Payments market forecast analysis covers market drivers, challenges and opportunities. It also covers leading companies analysis like PayPal Holdings Inc., Visa Inc., MasterCard Incorporated (MasterCard), Amazon.com Inc., Alphabet Inc., Apple Inc., CCAvenue (Avenues India Pvt. Ltd), Paytm Mobile Solutions Private Limited, Stripe Inc., Alipay.com Co. Ltd

The new research report on “ Digital Payments ” Market is proficient and in-depth research that offers a summary of the current market status, historic, and expected way forward for the Digital Payments market. Digital Payments market share analysis report on the world’s major regional market conditions, focusing on the main regions. Digital Payments market report offers an extensive analysis of Digital Payments industry to guide market players, new entrants and investors to get the opinion of Digital Payments industry.

Scope of the Report:

  • Digital payment is a way of payment, which is made through digital modes. In digital payments, the payer and payee both use digital modes to send and receive money. It is also called electronic payment. No hard cash is involved in digital payments.

Get a Sample Copy of the Report - https://www.industryresearch.co/enquiry/request-sample/13999452

Market Overview:

  • The global digital payments market was valued at USD 3,417.39 billion in 2018, and is expected to reach USD 7,640 billion by 2024, recording a CAGR of 13.7%, during the forecast period of 2019-2024. Money and the idea of its exchange through payments have evolved drastically after their inception. From metal coins to paper, from bank accounts to e-wallets, money has taken various shapes, sizes, and forms. Over the last decade, the payment industry has recorded a robust growth, with new providers, new platforms, and new payment tools being launched almost every year.

  • The market studied is expected to flourish, owing to the robust proliferation of the internet. The internet penetration rate has been recording a healthy growth over the past few years, and is expected to continue traversing the same trajectory, owing to increasing investments by internet service providers.

  • Security is of paramount importance in digital payments. With a multitude of digital transactions taking place via smartphones, the chances of a security breach exist, especially when most of the mobile wallets and banking applications do not deploy hardware-level security, to make online transactions more secure.

  • The global economy is moving toward digitalization to leverage the speed and convenience offered. However, it is prone to cyber-attacks. Recent attacks, such as WannaCry and Wquifax breach, have exploited the vulnerabilities of the system. Thus, governments of various countries are enforcing stringent regulations to deal with such attacks. For instance, two new regulations related to cybersecurity, the European Union's General Data Protection and New York Department of Financial Services, are already in place. In the future, the number of such regulations from various central authorities is expected to increase, in order to curb cyber-attacks.

Digital Payments market size analysis report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. The Digital Payments market 2019 report consists of the latest developments, market shares, and strategies employed by the major market players.

Top Key Players of Digital Payments Market Report Are:

  • PayPal Holdings Inc.

  • Visa Inc.

  • MasterCard Incorporated (MasterCard)

  • Amazon.com Inc.

  • Alphabet Inc.

  • Apple Inc.

  • CCAvenue (Avenues India Pvt. Ltd)

  • Paytm Mobile Solutions Private Limited

  • Stripe Inc.

  • Alipay.com Co. Ltd

Digital Payments Market Report Highlights:

  • The report provides a detailed analysis of current and future market trends to identify the investment opportunities

  • Market forecasts till 2024, using estimated market values as the base numbers

  • Digital Payments market trends across the business segments, Regions and Countries

  • Key developments and strategies observed in the market

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