The Digital Payments Market is expected to grow at a CAGR of 13.7% over the forecast period 2021 to 2026. The demand for cashless payments, over cash, is being driven by greater convenience, favorable government policies, and evolving consumer behavior. The governments are also trying to reduce their cost of printing the currencies and counter...
The North America Real-Time Payments Market would witness market growth of 31.5% CAGR during the forecast period (2020-2026). Real-time payment is considered as an immediate, instant, quick payment and is capable of supporting retail, person to person, and mobile payments. Real-time payment systems provide an immediate interbank electronic...
Financial cards and payments were significantly impacted by Coronavirus (COVID-19) during 2020. While the pandemic had a negative effect on overall consumer speeding in this year, it also helped to speed up the ongoing move away from cash. Consumers and retailers tried to avoid handling cash for health reasons, boosting card use, and, in particular,...
Coronavirus (COVID-19) had a major impact on financial cards and payments in 2020, with a marked slowdown in consumer payment transactions. The pandemic helped to speed up the ongoing move away from cash, with consumers and retailers avoiding handling cash for health reasons. This helped encourage consumers to move in the direction of contactless...
Rabobank - Enterprise Tech Ecosystem Series Summary Rabobank Group is a global banking and related financial solutions provider.It is also a leading bank for the food, agribusiness, and beverage industries. It offers a wide range of products and services, including accounts, deposits,...
The global digital payment market size is projected to grow from USD 79.3 billion in 2020 to USD 154.1 billion by 2025, at a CAGR of 14.2% during the forecast period. Major growth factors for the market include worldwide initiatives for the promotion of digital payments, high proliferation of smartphones enabling mCommerce growth, increase...
The global shift away from cash payments at POS The spread of COVID-19 speeds the acceptance of alternatives to cash The COVID-19 health crisis has affected the payment preferences at point of sale for shoppers around the world. A survey cited in the publication indicates that a large double-digit share...
WePay - Competitor Profile Summary WePay is a US-based online payment service provider that enables e-commerce platforms, marketplaces, and crowdfunding platforms to accept payments for products and services offered through their websites and mobile apps. Founded in the US in 2008, it...
Klarna - Competitor Profile Summary Klarna is a Swedish online payment service provider (PSP).Established in 2005, the company now serves 90 million customers and is accepted by over 200,000 online merchants across 17 countries. Klarna acquired SOFORT in 2014, turning it into one of the...
Amex Express Checkout - Competitor Profile Summary Amex Express Checkout is an online payment solution developed by American Express.Launched in 2015, it allows American Express card holders to checkout faster on merchant websites and apps by using stored card details and billing addresses. To...