Digital Payment Market Analysis by Industry Size, Companies Share, Trends, Demand, Growth and Opportunities Forecast to 2025
According to IMARC Group’s latest report, titled “ Digital Payment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025 ”, the global digital payment market grew at a CAGR of around 20% during 2014-2019. Looking forward, IMARC Group expects the global market to continue its moderate growth during 2020-2025. Digital payment or electronic payment is a convenient and secured payment method of sending or receiving money electronically or over-the-internet. It is more reliable and safer than conventional cash transactions by providing secured payment gateways and direct transactions with the banks. Furthermore, digital payments are easily traceable as details of the payments are stored in a merchant-specific database. Both merchants and customers have access to the payment information to avoid ambivalence and confusion while tracking payments. The global digital payment market is currently driven by high internet connectivity and increasing rising penetra...