The term "digital payment market " describes the transfer of money using electronic devices like laptops, tablets, and smartphones. The last few years have seen constant advancements in this technology. The digital payment system now offers a wide range of additional payment methods, including online purchases, card exchanging, tapping NFC cards, and code scanning. The adoption of digital payments is being accelerated by these ongoing improvements and a wide range of payment methods. Additionally, the need for digital payments is increasing as internet connectivity spreads to every location imaginable. Users are being encouraged to embrace digital marketing as a result of the widespread use of smartphones.

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Digital wallets and point of sale will likely have the fastest market growth after mobile payment adoption. Market trends include Near Field Communication (NFC) and Quick Response (QR) code technologies. Direct transfers between accounts, either prepaid or bank-based, are possible with a digital wallet. Payment at the point of sale is made at the checkout counter. Many businesses have recently made investments in offering NFC through cards, which allow for the immediate transfer of funds from prepaid accounts. The rise of the digital payment market is being fueled by these diverse payment choices.

List Of Key Companies Profiled:
• Alipay.com Co Ltd
• Amazon.com Inc.
• American Express Co.
• Facebook Inc.
• Google Inc.
• MasterCard International Inc.
• Microsoft Corporation
• PayPal Holdings Inc.
• Paytm
• Samsung Electronics Co. Ltd.
• Visa Inc.

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Regional Analysis:

India and Japan are expected to acquire more traction throughout the projection period, and Asia-Pacific is expected to dominate the digital payment industry. In comparison to other regions, the adoption of mobile payments and digital wallets is probably higher in APAC. Due to the increasing smartphone penetration in China and India, both of which have large populations, the market for digital payments has abundant prospects.
After demonetization in 2016, India has turned to mobile payments and digital wallets. The revenue generated by the digital payment market is anticipated to increase in the upcoming years thanks to Indian government initiatives like Digital India. More than 50% of Chinese internet transactions are anticipated to be funded by the e-commerce behemoth Alibaba Ltd.

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