Global Digital Payment Market: Current Analysis and Forecast (2020-2026)
Region:Global
Product Code:UMTI20189
November 2020
251
About the Report
Scope of the Report
Products
Companies
ACI Worldwide, WEX, Adyen, Global Payments, Fiserv, Novatti, PayPal, Paysafe, Worldpay and Wirecard
Table of Contents
1. MARKET INTRODUCTION 14
1.1 Market Definition 14
1.2 Objective of the Study 14
1.3 Limitation 14
1.4 Stakeholders 15
1.5 Currency used in the Report 15
1.6 Scope of the Global Digital Payment Market Study 15
2. RESEARCH METHODOLOGY OR ASSUMPTION 16
2.1 Research Methodology for the Global Digital Payment Market Study 16
2.1.1 Main objective of the Global Digital Payment Market Study 17
3. INDUSTRY PERFORMANCE 18
4. EXECUTIVE SUMMARY 20
5. REGULATORY FRAMEWORK OF DIGITAL PAYMENT 22
5.1 The Rules and Regulations of Online Payments 22
5.1.1 NACHA Operating Rules 22
5.1.2 Card Networks 22
5.1.3 The Payment Card Industry Data Security Standard (PCI DSS) Compliance 23
5.1.4 Know Your Customer (KYC) 23
5.2 United States 24
5.2.1 The Financial Services Modernization Act 24
5.2.2 Federal Rules Regulating Electronic Financial Transactions 25
5.2.3 Self-Regulation and Industry Best Practices 26
5.2.4 Internet Gambling 27
5.2.5 Cryptocurrency Regulation 27
5.3 Canada 28
5.3.1 Interpretation 28
5.3.2 Application 29
5.3.3 Issuing Electronic Instructions for Payment 29
5.3.4 Authentication 30
5.3.5 Acceptance 30
5.3.6 Replacement Payments 30
5.4 Europe 31
5.4.1 Introduction 31
5.4.2 PSD2 directive 32
5.4.3 PSD2 compliance 32
5.4.4 PSD2 regulation: Impacts on banks and TPPs 33
5.5 India 34
6. MARKET OVERVIEW 36
6.1 Introduction 36
6.2 Market Dynamics 36
6.2.1 Market Trend & Drivers 36
6.2.1.1 Proliferation of Smartphones and Digital Initiatives 36
6.2.1.2 Government Support and Initiatives 37
6.2.1.3 Rising Popularity of Contactless Payments 39
6.2.1.4 Cash back and Rewards 40
6.2.2 Market Restraints 41
6.2.2.1 Operational Challenges Involving Cross-border Payments 41
6.2.2.2 Card Data Security 42
6.2.3 Market Trend 43
6.2.3.1 Indian Banking to Experience Significant Disruption with Consolidations 43
6.2.3.2 Regulators to Turn Digital 44
6.2.3.3 Hyper-Connectivity of the World 44
7. IMPACT OF PANDEMIC ON DIGITAL PAYMENTS MARKET 46
7.1 Introduction 46
7.2 Barriers to Adopting Digital Payments 46
7.3 COVID-19 Pandemic May Help Break Barriers to Digital Payments Adoption 48
7.3.1 The digital shift in preferences and behaviours of consumers and businesses 48
7.3.2 Payments industry initiatives 50
7.3.3 Telecommunications industry initiatives 50
7.3.4 New and proposed legislation 51
7.3.5 Further Steps to Promote Digital Payment Adoption 52
8. DEMAND AND SUPPLY SIDE ANALYSIS 54
8.1 Demand Side Analysis 54
8.2 Supply Side Analysis 55
8.2.1 Top Product Launches 56
8.2.2 Top Partnerships 59
8.2.3 Top Mergers & Acquisitions 66
8.2.4 Top Business Expansions, Investment and Divestitures 68
9. DIGITAL PAYMENT MARKET VALUE CHAIN 72
9.1 Key Value Chain Analysis 72
10. MARKET INSIGHTS BY TYPE 74
10.1 General Overview 74
10.1.1 Solutions 75
10.1.2 Services 76
11. MARKET INSIGHTS BY DEPLOYMENT 77
11.1 General Overview 77
11.1.1 On-premises 79
11.1.2 Cloud 79
12. MARKET INSIGHTS BY PAYMENT MODE 81
12.1 General Overview 81
12.1.1 POS Payments 82
12.1.2 Digital Commerce 83
13. MARKET INSIGHTS BY PAYMENT ENTERPRISES 84
13.1 General Overview 84
13.1.1 Large Enterprises 86
13.1.2 SMEs 86
14. MARKET INSIGHTS BY END-USER 88
14.1 General Overview 88
14.1.1 BFSI 89
14.1.2 Healthcare 90
14.1.3 IT & Telecom 91
14.1.4 Media and Entertainment 92
14.1.5 Retail and E-commerce 94
14.1.6 Transportation 95
14.1.7 Others 96
15. MARKET INSIGHTS BY REGION 98
15.1 General Overview 98
15.1.1 North America Digital Payment Market 100
15.1.1.1 United States Digital Payment Market 103
15.1.1.2 Canada Digital Payment Market 107
15.1.1.3 Rest of North America Digital Payment Market 111
15.1.2 Europe Digital Payment Market 115
15.1.2.1 Germany Digital Payment Market 119
15.1.2.2 Italy Digital Payment Market 122
15.1.2.3 Spain Digital Payment Market 126
15.1.2.4 France Digital Payment Market 130
15.1.2.5 United Kingdom Digital Payment Market 134
15.1.2.6 Rest of Europe Digital Payment Market 137
15.1.3 Asia-Pacific Digital Payment Market 141
15.1.3.1 India Digital Payment Market 144
15.1.3.2 China Digital Payment Market 148
15.1.3.3 Japan Digital Payment Market 151
15.1.3.4 Australia Digital Payment Market 154
15.1.3.5 Rest of APAC Digital Payments Market 158
15.1.4 Rest of World Digital Payment Market 162
16. COMPETITIVE SCENARIO 166
16.1 Competitive Landscape 166
16.1.1 Market Share of Key Players in Digital Payment Market, 2019 166
17. TOP COMPANY PROFILES 167
17.1 ACI Worldwide 167
17.1.1 Key Facts 167
17.1.2 Business Description 168
17.1.3 ACI Worldwide, Timeline 168
17.1.4 Key Product/Services Offerings 169
17.1.5 Growth Strategy 169
17.1.6 SWOT Analysis 170
17.1.7 Key Financials 171
17.1.7.1 Revenue Split 172
17.1.8 Recent Developments 172
17.1.8.1 Product Launch 172
17.1.8.2 Partnerships 174
17.1.8.3 Business Expansion and Investments 175
17.1.8.4 Mergers and Acquisitions 176
17.2 WEX 177
17.3 Novatti 187
17.4 Global Payments 193
17.5 Adyen 199
17.6 Fiserv 206
17.7 PayPal 214
17.8 Paysafe 222
17.9 Worldpay 229
17.10 Wirecard 237
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