The North America Digital Payment Market would witness market growth of 18.1% CAGR during the forecast period (2020-2026). Digital wallets contain virtual cash which is used to do payment. It is divided into two groups i.e. open and closed-loop wallets. In point of sale (POS), transferring money, and purchasing goods or services, Open-loop wallets are utilized while for purchasing goods & services only from the wallet providers, closed-loop wallets are used.
Using payment wallet solutions, banks & financial institutions, Mobile Virtual Network Operators (MVNOs), and Mobile Network Operators (MNOs) become capable of introducing their own digital wallets. These solutions help customers in getting a safe, simple, and convenient form of payment. Various sectors like telecom, e-commerce, media & entertainment, and travel & tourism are increasingly utilizing the digital wallet solutions.
There are many large-size enterprises, who are adopting digital payment solutions to digitalize their payment methods, serves the latest customer trends, simplify business operations and improve the market competition. Large enterprises aim to enhance their customer experience and hence they are opting for the Omni-channel approach. To facilitate fast payment at PoS terminals and redeeming the loyalty points, large enterprises need to integrate digital payment solutions like digital wallets and payment processing with the existing payment methods.
The increasing penetration of smartphones in the developing countries is anticipated to boost the growth of the market. In addition, the adoption of digital payment services is expected to increase with the launch of mobile wallets around the world where a user needs to add money to the wallet for its further use.
Based on Component, the market is segmented into Solutions and Services. Solutions Segment is further bifurcated across Payment Processing, Payment Gateway, Application Program Interface, Transaction Risk Management, Payment Security & Fraud Management and Others. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End User, the market is segmented into BFSI, Retail & eCommerce, Transportation & Logistics, Healthcare, Telecom & IT, Media & Entertainment and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The US market dominated the North America Digital Payments Application Program Interface Market by Country 2019, and would continue to be a dominant market till 2026. The Canada market is experiencing a CAGR of 20.6% during (2020 - 2026). Additionally, The Mexico market would witness a CAGR of 19.6% during (2020 - 2026).
The On-premise market dominated the Canada Digital Payment Market by Deployment Type 2019, thereby, achieving a market value of $5,071.5 million by 2026. The Cloud market would showcase highest CAGR of 22.6% during (2020 - 2026).
Free Valuable Insights: Digital Payment Market in North America is expected to register a CAGR of 18.1% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Fidelity Information Services (FIS), Inc., Fiserv, Inc., PayPal Holdings, Inc. (eBay), Visa, Inc., Mastercard, Inc., Apple, Inc., Naspers Limited (PayU Group), Adyen N.V., Square, Inc., and Global Payments, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Solutions
- Payment Processing
- Payment Gateway
- Application Program Interface
- Transaction Risk Management
- Payment Security & Fraud Management
- Others
- Services
By Deployment Type
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
By End-User
- BFSI
- Retail & eCommerce
- Transportation & Logistics
- Healthcare
- Telecom & IT
- Media & Entertainment
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Fidelity Information Services (FIS), Inc.
- Fiserv, Inc.
- PayPal Holdings, Inc. (eBay)
- Visa, Inc.
- Mastercard, Inc.
- Apple, Inc.
- Naspers Limited (PayU Group)
- Adyen N.V.
- Square, Inc.
- Global Payments, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Digital Payment Market, by Component
1.4.2 North America Digital Payment Market, by Deployment Type
1.4.3 North America Digital Payment Market, by Enterprise Size
1.4.4 North America Digital Payment Market, by End User
1.4.5 North America Digital Payment Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, Oct – 2021, Feb) Leading Players
Chapter 4. North America Digital Payment Market by Component
4.1 North America Digital Payments Solutions Market by Country
4.2 North America Digital Payment Market by Solutions Type
4.2.1 North America Digital Payments Payment Processing Market by Country
4.2.2 North America Digital Payments Payment Gateway Market by Country
4.2.3 North America Digital Payments Application Program Interface Market by Country
4.2.4 North America Digital Payments Transaction Risk Management Market by Country
4.2.5 North America Digital Payments Payment Security & Fraud Management Market by Country
4.2.6 North America Other Solutions Type Digital Payment Market by Country
4.3 North America Digital Payments Services Market by Country
Chapter 5. North America Digital Payment Market by Deployment Type
5.1 North America On-premise Digital Payment Market by Country
5.2 North America Cloud Digital Payment Market by Country
Chapter 6. North America Digital Payment Market by Enterprise Size
6.1 North America Large Enterprises Digital Payment Market by Country
6.2 North America Small & Medium Enterprises Digital Payment Market by Country
Chapter 7. North America Digital Payment Market by End User
7.1 North America BFSI Digital Payment Market by Country
7.2 North America Retail & eCommerce Digital Payment Market by Country
7.3 North America Transportation & Logistics Digital Payment Market by Country
7.4 North America Healthcare Digital Payment Market by Country
7.5 North America Telecom & IT Digital Payment Market by Country
7.6 North America Media & Entertainment Digital Payment Market by Country
7.7 North America Others Digital Payment Market by Country
Chapter 8. North America Digital Payment Market by Country
8.1 US Digital Payment Market
8.1.1 US Digital Payment Market by Component
8.1.1.1 US Digital Payment Market by Solutions Type
8.1.2 US Digital Payment Market by Deployment Type
8.1.3 US Digital Payment Market by Enterprise Size
8.1.4 US Digital Payment Market by End User
8.2 Canada Digital Payment Market
8.2.1 Canada Digital Payment Market by Component
8.2.1.1 Canada Digital Payment Market by Solutions Type
8.2.2 Canada Digital Payment Market by Deployment Type
8.2.3 Canada Digital Payment Market by Enterprise Size
8.2.4 Canada Digital Payment Market by End User
8.3 Mexico Digital Payment Market
8.3.1 Mexico Digital Payment Market by Component
8.3.1.1 Mexico Digital Payment Market by Solutions Type
8.3.2 Mexico Digital Payment Market by Deployment Type
8.3.3 Mexico Digital Payment Market by Enterprise Size
8.3.4 Mexico Digital Payment Market by End User
8.4 Rest of North America Digital Payment Market
8.4.1 Rest of North America Digital Payment Market by Component
8.4.1.1 Rest of North America Digital Payment Market by Solutions Type
8.4.2 Rest of North America Digital Payment Market by Deployment Type
8.4.3 Rest of North America Digital Payment Market by Enterprise Size
8.4.4 Rest of North America Digital Payment Market by End User
Chapter 9. Company Profiles
9.1 Fidelity Information Services (FIS), Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Recent strategies and developments:
9.1.4.1 Partnerships, Collaborations, and Agreements:
9.1.4.2 Acquisition and Mergers:
9.1.5 SWOT Analysis
9.2 Fiserv, Inc.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Recent strategies and developments:
9.2.4.1 Acquisition and Mergers:
9.2.4.2 Partnerships, Collaborations, and Agreements:
9.2.5 SWOT Analysis
9.3 PayPal Holdings, Inc. (eBay)
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Acquisition and Mergers:
9.3.5.3 Product Launches and Product Expansions:
9.4 Visa, Inc.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Recent strategies and developments:
9.4.3.1 Partnerships, Collaborations, and Agreements:
9.4.3.2 Acquisition and Mergers:
9.5 Mastercard, Inc.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Regional Analysis
9.5.4 Recent strategies and developments:
9.5.4.1 Partnerships, Collaborations, and Agreements:
9.5.4.2 Acquisition and Mergers:
9.6 Apple, Inc.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Product and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.5.2 Acquisition and Mergers:
9.6.6 SWOT Analysis
9.7 Naspers Limited (PayU Group)
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Regional Analysis
9.7.4 Recent strategies and developments:
9.7.4.1 Acquisition and Mergers:
9.7.4.2 Product Launches and Product Expansions:
9.7.4.3 Partnerships, Collaborations, and Agreements:
9.8 Adyen N.V.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Regional Analysis
9.8.4 Recent strategies and developments:
9.8.4.1 Partnerships, Collaborations, and Agreements:
9.8.4.2 Product Launches and Product Expansions:
9.9 Square, Inc.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Regional Analysis
9.9.4 Recent strategies and developments:
9.9.4.1 Partnerships, Collaborations, and Agreements:
9.9.4.2 Acquisition and Mergers:
9.10. Global Payments, Inc.
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Recent strategies and developments:
9.10.4.1 Partnerships, Collaborations, and Agreements:
TABLE 1 North America Digital Payment Market, 2016 - 2019, USD Million
TABLE 2 North America Digital Payment Market, 2020 - 2026, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Digital Payment Market
TABLE 4 Product Launches And Product Expansions– Digital Payment Market
TABLE 5 Acquisition and Mergers– Digital Payment Market
TABLE 6 North America Digital Payment Market by Component, 2016 - 2019, USD Million
TABLE 7 North America Digital Payment Market by Component, 2020 - 2026, USD Million
TABLE 8 North America Digital Payments Solutions Market by Country, 2016 - 2019, USD Million
TABLE 9 North America Digital Payments Solutions Market by Country, 2020 - 2026, USD Million
TABLE 10 North America Digital Payment Market by Solutions Type, 2016 - 2019, USD Million
TABLE 11 North America Digital Payment Market by Solutions Type, 2020 - 2026, USD Million
TABLE 12 North America Digital Payments Payment Processing Market by Country, 2016 - 2019, USD Million
TABLE 13 North America Digital Payments Payment Processing Market by Country, 2020 - 2026, USD Million
TABLE 14 North America Digital Payments Payment Gateway Market by Country, 2016 - 2019, USD Million
TABLE 15 North America Digital Payments Payment Gateway Market by Country, 2020 - 2026, USD Million
TABLE 16 North America Digital Payments Application Program Interface Market by Country, 2016 - 2019, USD Million
TABLE 17 North America Digital Payments Application Program Interface Market by Country, 2020 - 2026, USD Million
TABLE 18 North America Digital Payments Transaction Risk Management Market by Country, 2016 - 2019, USD Million
TABLE 19 North America Digital Payments Transaction Risk Management Market by Country, 2020 - 2026, USD Million
TABLE 20 North America Digital Payments Payment Security & Fraud Management Market by Country, 2016 - 2019, USD Million
TABLE 21 North America Digital Payments Payment Security & Fraud Management Market by Country, 2020 - 2026, USD Million
TABLE 22 North America Other Solutions Type Digital Payment Market by Country, 2016 - 2019, USD Million
TABLE 23 North America Other Solutions Type Digital Payment Market by Country, 2020 - 2026, USD Million
TABLE 24 North America Digital Payments Services Market by Country, 2016 - 2019, USD Million
TABLE 25 North America Digital Payments Services Market by Country, 2020 - 2026, USD Million
TABLE 26 North America Digital Payment Market by Deployment Type, 2016 - 2019, USD Million
TABLE 27 North America Digital Payment Market by Deployment Type, 2020 - 2026, USD Million
TABLE 28 North America On-premise Digital Payment Market by Country, 2016 - 2019, USD Million
TABLE 29 North America On-premise Digital Payment Market by Country, 2020 - 2026, USD Million
TABLE 30 North America Cloud Digital Payment Market by Country, 2016 - 2019, USD Million
TABLE 31 North America Cloud Digital Payment Market by Country, 2020 - 2026, USD Million
TABLE 32 North America Digital Payment Market by Enterprise Size, 2016 - 2019, USD Million
TABLE 33 North America Digital Payment Market by Enterprise Size, 2020 - 2026, USD Million
TABLE 34 North America Large Enterprises Digital Payment Market by Country, 2016 - 2019, USD Million
TABLE 35 North America Large Enterprises Digital Payment Market by Country, 2020 - 2026, USD Million
TABLE 36 North America Small & Medium Enterprises Digital Payment Market by Country, 2016 - 2019, USD Million
TABLE 37 North America Small & Medium Enterprises Digital Payment Market by Country, 2020 - 2026, USD Million
TABLE 38 North America Digital Payment Market by End User, 2016 - 2019, USD Million
TABLE 39 North America Digital Payment Market by End User, 2020 - 2026, USD Million
TABLE 40 North America BFSI Digital Payment Market by Country, 2016 - 2019, USD Million
TABLE 41 North America BFSI Digital Payment Market by Country, 2020 - 2026, USD Million
TABLE 42 North America Retail & eCommerce Digital Payment Market by Country, 2016 - 2019, USD Million
TABLE 43 North America Retail & eCommerce Digital Payment Market by Country, 2020 - 2026, USD Million
TABLE 44 North America Transportation & Logistics Digital Payment Market by Country, 2016 - 2019, USD Million
TABLE 45 North America Transportation & Logistics Digital Payment Market by Country, 2020 - 2026, USD Million
TABLE 46 North America Healthcare Digital Payment Market by Country, 2016 - 2019, USD Million
TABLE 47 North America Healthcare Digital Payment Market by Country, 2020 - 2026, USD Million
TABLE 48 North America Telecom & IT Digital Payment Market by Country, 2016 - 2019, USD Million
TABLE 49 North America Telecom & IT Digital Payment Market by Country, 2020 - 2026, USD Million
TABLE 50 North America Media & Entertainment Digital Payment Market by Country, 2016 - 2019, USD Million
TABLE 51 North America Media & Entertainment Digital Payment Market by Country, 2020 - 2026, USD Million
TABLE 52 North America Others Digital Payment Market by Country, 2016 - 2019, USD Million
TABLE 53 North America Others Digital Payment Market by Country, 2020 - 2026, USD Million
TABLE 54 North America Digital Payment Market by Country, 2016 - 2019, USD Million
TABLE 55 North America Digital Payment Market by Country, 2020 - 2026, USD Million
TABLE 56 US Digital Payment Market, 2016 - 2019, USD Million
TABLE 57 US Digital Payment Market, 2020 - 2026, USD Million
TABLE 58 US Digital Payment Market by Component, 2016 - 2019, USD Million
TABLE 59 US Digital Payment Market by Component, 2020 - 2026, USD Million
TABLE 60 US Digital Payment Market by Solutions Type, 2016 - 2019, USD Million
TABLE 61 US Digital Payment Market by Solutions Type, 2020 - 2026, USD Million
TABLE 62 US Digital Payment Market by Deployment Type, 2016 - 2019, USD Million
TABLE 63 US Digital Payment Market by Deployment Type, 2020 - 2026, USD Million
TABLE 64 US Digital Payment Market by Enterprise Size, 2016 - 2019, USD Million
TABLE 65 US Digital Payment Market by Enterprise Size, 2020 - 2026, USD Million
TABLE 66 US Digital Payment Market by End User, 2016 - 2019, USD Million
TABLE 67 US Digital Payment Market by End User, 2020 - 2026, USD Million
TABLE 68 Canada Digital Payment Market, 2016 - 2019, USD Million
TABLE 69 Canada Digital Payment Market, 2020 - 2026, USD Million
TABLE 70 Canada Digital Payment Market by Component, 2016 - 2019, USD Million
TABLE 71 Canada Digital Payment Market by Component, 2020 - 2026, USD Million
TABLE 72 Canada Digital Payment Market by Solutions Type, 2016 - 2019, USD Million
TABLE 73 Canada Digital Payment Market by Solutions Type, 2020 - 2026, USD Million
TABLE 74 Canada Digital Payment Market by Deployment Type, 2016 - 2019, USD Million
TABLE 75 Canada Digital Payment Market by Deployment Type, 2020 - 2026, USD Million
TABLE 76 Canada Digital Payment Market by Enterprise Size, 2016 - 2019, USD Million
TABLE 77 Canada Digital Payment Market by Enterprise Size, 2020 - 2026, USD Million
TABLE 78 Canada Digital Payment Market by End User, 2016 - 2019, USD Million
TABLE 79 Canada Digital Payment Market by End User, 2020 - 2026, USD Million
TABLE 80 Mexico Digital Payment Market, 2016 - 2019, USD Million
TABLE 81 Mexico Digital Payment Market, 2020 - 2026, USD Million
TABLE 82 Mexico Digital Payment Market by Component, 2016 - 2019, USD Million
TABLE 83 Mexico Digital Payment Market by Component, 2020 - 2026, USD Million
TABLE 84 Mexico Digital Payment Market by Solutions Type, 2016 - 2019, USD Million
TABLE 85 Mexico Digital Payment Market by Solutions Type, 2020 - 2026, USD Million
TABLE 86 Mexico Digital Payment Market by Deployment Type, 2016 - 2019, USD Million
TABLE 87 Mexico Digital Payment Market by Deployment Type, 2020 - 2026, USD Million
TABLE 88 Mexico Digital Payment Market by Enterprise Size, 2016 - 2019, USD Million
TABLE 89 Mexico Digital Payment Market by Enterprise Size, 2020 - 2026, USD Million
TABLE 90 Mexico Digital Payment Market by End User, 2016 - 2019, USD Million
TABLE 91 Mexico Digital Payment Market by End User, 2020 - 2026, USD Million
TABLE 92 Rest of North America Digital Payment Market, 2016 - 2019, USD Million
TABLE 93 Rest of North America Digital Payment Market, 2020 - 2026, USD Million
TABLE 94 Rest of North America Digital Payment Market by Component, 2016 - 2019, USD Million
TABLE 95 Rest of North America Digital Payment Market by Component, 2020 - 2026, USD Million
TABLE 96 Rest of North America Digital Payment Market by Solutions Type, 2016 - 2019, USD Million
TABLE 97 Rest of North America Digital Payment Market by Solutions Type, 2020 - 2026, USD Million
TABLE 98 Rest of North America Digital Payment Market by Deployment Type, 2016 - 2019, USD Million
TABLE 99 Rest of North America Digital Payment Market by Deployment Type, 2020 - 2026, USD Million
TABLE 100 Rest of North America Digital Payment Market by Enterprise Size, 2016 - 2019, USD Million
TABLE 101 Rest of North America Digital Payment Market by Enterprise Size, 2020 - 2026, USD Million
TABLE 102 Rest of North America Digital Payment Market by End User, 2016 - 2019, USD Million
TABLE 103 Rest of North America Digital Payment Market by End User, 2020 - 2026, USD Million
TABLE 104 Key Information – Fidelity Information Services (FIS), Inc.
TABLE 105 Key Information –Fiserv, Inc.
TABLE 106 Key Information – PayPal Holdings, Inc.
TABLE 107 Key Information – Visa, Inc.
TABLE 108 key Information – Mastercard, Inc.
TABLE 109 Key Information – Apple, Inc.
TABLE 110 key information – Naspers LIMITED
TABLE 111 Key Information – Adyen N.V.
TABLE 112 key information – Square, Inc.
TABLE 113 Key information – Global Payments, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2016-2020)
FIG 4 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, Oct – 2021, Feb) Leading Players
FIG 5 Recent strategies and developments: Fidelity Information Services (FIS), Inc.
FIG 6 Swot analysis: fidelity information services (fis), inc.
FIG 7 Recent strategies and developments: Fiserv, Inc.
FIG 8 SWOT Analysis: Fiserv, Inc.
FIG 9 Recent strategies and developments: PayPal Holdings, Inc.
FIG 10 Recent strategies and developments: Visa, Inc.
FIG 11 Recent strategies and developments: Mastercard, Inc.
FIG 12 Recent strategies and developments: Apple, Inc.
FIG 13 SWOT Analysis: apple, Inc.
FIG 14 Recent strategies and developments: Naspers Limited
FIG 15 Recent strategies and developments: Adyen N.V.
FIG 16 Recent strategies and developments: Square, Inc.