Global digital payments market outlook

felix

Global digital payments market outlook

    Find out more

    Global digital payments market outlook

    $58.3BN was the global digital payment market size estimated in 2020 And is expected to reach $175bn by the year 2026.

    Rise of digital and contactless payments

    77% of traditional financial institutions plan to focus more on fintech innovations to improve customer retention.

    78% of global consumers have adjusted the way they pay to digital-first commerce and contactless payments.

    87% of retailers agree or strongly agree that mobile payments provide a seamless and frictionless checkout experience.

    Mobile payments adoption

    The number of proximity mobile payment transaction users worldwide from 2020 to 2023 is expected to grow to $1.3B.

    Mobile payment use growth projection $201.3B by 2025.