Digital Payment Market Demand Expected to Reach USD 505.3 Billion by 2032

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The digital payment market, valued at USD 84.5 Billion in 2022, is anticipated to reach USD 505.3 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 19.7%.

The digital payment market encompasses the ecosystem of electronic transactions conducted over digital channels, such as the internet and mobile devices, eliminating the need for physical cash or checks. It includes a variety of electronic payment methods, such as credit and debit cards, mobile wallets, online banking, peer-to-peer transfers, and cryptocurrencies.

Read More: https://www.globenewswire.com/news-release/2023/09/27/2750000/0/en/Digital-Payment-Market-to-Reach-USD-505-3-Billion-By-2032-CAGR-19-7-Report-By-DataHorizzon-Research.html

The digital payment market refers to the ecosystem of electronic transactions conducted over digital channels, such as the internet and mobile devices, without the need for physical cash or checks. It encompasses various forms of electronic payment methods, including credit and debit cards, mobile wallets, online banking, peer-to-peer transfers, and cryptocurrencies.

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- Last updated at 12:42 05-03-2024

1. Digital Payment Market (05-03-2024 12:42)

Tags: market research

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