Global Fintech Digital Payment Market Size | 2019-2032

Global Fintech Digital Payment Market Size and Forecast by Type, End Users, Industry, Payment Method, Transaction Value, Transaction Types, and Region: Statistics | 2019-2032

Report Format:     | Pages: 250+
Type: Niche Industry Monitor | ID: FS3212  | Publication: August 2024  |  US$1,790  |  

Fintech Digital Payment Market Growth and Performance


Key Takeaways:

  • In 2023, the global fintech digital payment market size reached US$ 10.15 Trillion, witnessing a YoY growth of 26.6%.
  • The market is projected to experience a significant upsurge in market revenue, reaching US$ 115.76 Trillion by the end of 2032.
  • In terms of growth, the global fintech digital payment market is anticipated to expand at a CAGR of 31.4% between 2024 and 2032.
  • The fintech digital commerce market segment is projected to experience a significant upsurge in market revenue, reaching US$ 89.67 Trillion by the end of 2032.
  • The fintech digital payment market is expected to witness an absolute dollar opportunity of US$ 105.61 Trillion between 2024 and 2032.
  • Among the diverse regions within this market, Asia Pacific fintech digital payment market took the lead, reaching a market value of US$ 4.10 Trillion in 2023.
  • The fastest growing market among regions is Latin America, experiencing a CAGR of 51.1% between 2024 and 2032.
  • While all the leading countries are still important, US ruled as the leading market in the global fintech digital payment industry in 2023.
  • Among the diverse end users, IT and telecom was the largest end-user vertical in terms of spending in the market in 2023.
  • The global fintech digital payment market growth is mainly driven by rising demand for scalable and agile IT Infrastructure and growing adoption of microservices architecture.

Fintech Digital Payment Market Scope

Analysis Period

2019-2032

 

Actual Data

2019-2023

 

Base Year

2023

 

Estimated Year

2024

 

CAGR Period

2024-2032

 
 

Research Scope

 

Type

Fintech Digital Commerce Market

 

Fintech Mobile POS Payments Market

 

Fintech Digital Remittances Market

 

End Users

Individual Consumers

 

SMEs

 

Medium-sized Enterprises

 

Large Enterprises

 

Industry

IT and Telecom

 

Media and Entertainment

 

Energy and Power

 

Transportation and Logistics

 

Healthcare

 

BFSI

 

Retail

 

Manufacturing

 

Public Sector

 

Other

 

Payment Method

Credit Cards

 

Debit Cards

 

Bank Transfers

 

Digital Wallets

 

Cryptocurrencies

 

Prepaid Cards

 

Buy Now, Pay Later (BNPL)

 

Transaction Value

Micro Payments

 

Small Payments

 

Medium Payments

 

Large Payments

 

Transaction Types

Business-to-Consumer (B2C)

 

Business-to-Business (B2B)

 

Consumer-to-Consumer (C2C)

 

Consumer-to-Business (C2B)

 

Companies

PayPal Holdings Inc., Square Inc., Stripe, Adyen, Ant Group,  Amazon Pay, Worldpay, Visa Inc., Mastercard, Apple Pay.

 
 
 
 
 

Fintech Digital Payment Industry: Regional Coverage

 

Regional Scope

North America

US

Canada

Mexico

Western Europe

UK

Germany

France

Italy

Spain

Benelux

Nordics

Rest of Western Europe

Eastern Europe

Russia

Poland

Rest of Eastern Europe

Asia Pacific

Japan

Australia

China

South Korea

India

Malaysia

Hong Kong

Indonesia

New Zealand

Singapore

Thailand

Vietnam

Philippines

Taiwan

Rest of Asia Pacific

Latin America

Brazil

Peru

Colombia

Chile

Rest of Latin America

MEA

Israel

South Africa

Saudi Arabia

UAE

Qatar

Kuwait

Oman

Bahrain

Nigeria

Kenya

Turkey

Rest of MEA

 

Sub-Regions

ASEAN

Indonesia

Malaysia

Philippines

Thailand

 

 

 

 

 

Vietnam

 

 

 

 

 

Rest of Asia Pacific

 

 

 

 

BRICS

Brazil

Russia

India

China

South Africa

GCC

Saudi Arabia

UAE

Qatar

Kuwait

Oman

Bahrain

 

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