Global Payments Landscape Market
Report Highlights
Global Payments Landscape Market Size By Payment Method, By Application, By Geographic Scope And Forecast
According to Verified Market Research, the Global Payments Landscape Market was valued at USD 1,606.64 billion in 2012 and is projected to reach USD 2,997.55 billion by 2025, growing at a CAGR of 5.2% from 2013 to 2025.
With the growing advancement in technology, consumer convenience becomes the priority for the manufacturer, thus, the payment landscape is changing with growing diversification in technology. Consumers, especially the youth have been using smartphones as payment devices. The payment industry has been revolving around various changes made regarding the payment modes such as e-wallets and net banking. Rapid digitization had cashless strategies that have popularized the new payments landscape and have contributed to the growth of the payments landscape market.
Changing customer expectations and new strategies to support the digital market in the market has been driving the market. This acts as a potential driver for the global payments landscape market. Apart from this, an innovative competitive landscape might hamper the growth of the market at a global status.
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