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.