Digital Payments report 2021

Statista Digital Market Outlook

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In this report, Digital Payments are defined as non-cash transactions processed through digital channels. The digitalization of financial services is associated with a disruptive change within the industry when it comes to the checkout process (online purchases) and payment process at the POS (offline purchases). Digital Payments can hence be considered as the next evolutionary step enabling further financial services and replacing classic, old fashioned payment methods (from cash to credit/debit card to mobile, digital wallets).The market segment Digital Payments includes the following sub segments:

  • Digital Commerce
  • Mobile POS Payments

  • Digital Commerce: Consumer transactions made via the Internet which are directly related to online shopping for products and services.Transactions can be made via various payment methods (credit cards, direct debit, invoice, or online payment providers, such as PayPal and AliPay)

    Mobile POS Payments: Transactions at Point-of-Sale that are processed via smartphone applications (so-called “mobile wallets”).Well-known providers of mobile wallets are ApplePay, and Samsung Pay. The payment in this case is made by a contactless interaction of the smartphone app with a suitable payment terminal belonging to the merchant. 

    • Language: English
    • Released: January 2021
    More than 7,500
    companies
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    Statista

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