Himanshu Patni

  Research report presented by UnivDatos, Emphasis on Type (Solutions, Services), Deployment (On-Premises, Cloud), Payment Mode (POS Payment, Digital Commerce), Payment Enterprises (Large, SME), End-User (BFSI, Healthcare, IT & Telecom, Media & Entertainment, Retail & E-Commerce, Transportation, Others) and Geographical analysis (key regions and countries). As per the research report, Global Digital Payment Market is expected to reach the market valuation of US$ 167.6 million by 2026 expanding at a reasonable CAGR of 18.5% during the forecast period (2021-2026) from US$ 65.3 million in 2020. Digital payment solutions such as e-wallets, UPI, POS are deployed for the payment. In the payments industry, digital payment is a revolution. With digitization and continuing technical advancement, they would be able to give customers and companies more personalised, secure, and versatile payment options. Digital payments will also help in budgeting, financial integration...

  Global Digital Payment Market is expected to reach the market valuation of US$ 167.6 million by 2026 expanding at a reasonable CAGR of 18.5% during the forecast period (2021-2026) from US$ 65.3 million in 2020. Digital payment solutions such as e-wallets, UPI, POS are deployed for the payment. Since January 2018, 1 million people are using the internet every day. This number has further grown to 4.39 billion users worldwide in 2019, an increase of 366 million since the previous year. Today, 5 million people own a mobile phone. More and more people have started using smartphones and around 2.71 billion people owned a smartphone in 2019. This has acted as a major driving factor in the escalation of digital payments. People nowadays prefer paying through e-wallets rather than carrying cash with them. Further, the government is also promoting the use of digital payment modes as it is paperless. The government of India for instance has started the “ Digital India”  initiative ...