The Europe digital payment market is expected to grow from US$ 25,079.22 million in 2021 to US$ 64,508.08 million by 2028; it is estimated to grow at a CAGR of 14.4% from 2021 to 2028.
Europe Digital Payment Market Introduction
The established boundaries between brick-and-mortar and online commerce are dissolving, leading to an increasing integration of channels. The in-store buying experience has evolved to closely mirror the online one, largely driven by the significant emphasis on contactless payments during the COVID-19 pandemic. It’s worth noting that several European countries had already widely embraced contactless payments before this period. Touch-free payment methods and biometric verification are now common in online transactions. Moreover, mobile payments are gaining momentum due to their user-friendliness and the rising adoption of OEM Pay solutions as a method for retail transactions. In some nations, retailers and governments are proactively encouraging consumers to utilize contactless payments and urging retailers to offer complete support for these options. The expansion of the European market has prompted many banks to increase their contactless payment limits, thus diminishing the need for physical interaction with keypads or cash at the point of sale.
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Europe Digital Payment Strategic Insights
Strategic insights for the Europe Digital Payment market offer analysis grounded in data regarding the industry’s environment, including present trends, key participants, and regional specificities. These insights furnish actionable advice, allowing readers to distinguish themselves from rivals by pinpointing untapped markets or formulating unique value offerings. By leveraging data analytics, these insights aid industry actors in foreseeing market changes, be they investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, assisting stakeholders in predicting market shifts and positioning themselves for long-term prosperity in this dynamic region. Ultimately, effective strategic insights empower readers to make well-considered decisions that enhance profitability and facilitate the realization of their business objectives within the market.
Europe Digital Payment Market Segmentation
Europe Digital Payment Market, by Component
- Solution
- Payment Gateway
- Payment Processing
- Payment Security and Fraud Management
- Point of Sale
- Payment Wallet
- Services
- Professional Services
- Managed Services
Europe Digital Payment Market, by Deployment
- On-Premise
- Cloud-Based
Europe Digital Payment Market, by Organization Size
- SMEs
- Large Enterprises
Europe Digital Payment Market, by Industry
- BFSI
- Retail and Ecommerce
- Healthcare
- Travel and Hospitality
- Media and Entertainment
- IT and Telecom
- Others
Europe Digital Payment Market, by Country
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
Europe Digital Payment Market – Companies Mentioned
- ACI Worldwide, Inc.
- Adyen
- Block, Inc.
- Financial Software & Systems Pvt. Ltd.
- Fiserv, Inc.
- Global Payments Inc.
- Novatti Group Ltd
- PayPal Holdings, Inc.
- Paysafe Limited
- PayU
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