Digital Payments report 2019

Statista Digital Market Outlook

Digital Payments report 2019 The Digital Payments segment has a global transaction value of US$3,598 billion in 2018 and is the largest segment within FinTech. China is currently the biggest market in the world in Digital Payments, with transaction value reaching US$1,275 billion in 2018.


What's included?
  • Transaction value and user numbers data, including market size & forecasts for the next five years
  • Regional development with the focus regions & countries: U.S., Europe and China, and EU top 5 countries: the United Kingdom, Germany, France, Spain and Italy.
  • Key players
  • Trends and market developments

DescriptionContentTables

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: May 2019
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