Invoice Bazaar Blog

‘Asia-Pacific may dominate digital payment market during next decade’

By Invoice Bazaar | April 13, 2022

The worldwide digital payment market will grow at a CAGR of 24.4% in revenue over the next five years, and the global Digital Payment Market Size will touch US$19.89 trillion by 2026, according to ‘Digital Payment Market Share’ research report by Fortune Business Insights. The report offers strategic insights to enable decision-makers to make investment decisions while detecting potential gaps and possibilities. The Asia-Pacific region may dominate the digital payment market share during next decade because of the rapidly increasing smartphone adoption in highly populated countries like India and China. Furthermore, the report added that consumer preferences are maturing and shifting towards digital and electronic means of transacting business.

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