The transaction value in the 'Digital Payments' segment of the fintech market in Ghana was forecast to continuously increase between 2024 and 2028 by in total *** billion U.S. dollars (+***** percent). After the ninth consecutive increasing year, the indicator is estimated to reach ***** billion U.S. dollars and therefore a new peak in 2028. Notably, the transaction value of the 'Digital Payments' segment of the fintech market was continuously increasing over the past years. The Statista Market Insights cover a broad range of additional markets.

The adoption of new payment methods varied significantly, with real-time (or instant) payments being **** times more likely to be used in emerging countries. This is according to a calculation from Capgemini, using external data on the value of transactions made using specific types of cashless payment methods across the world. The source focuses heavily on instant payments. It observes that Asia-Pacific and Latin America uses these payments much more often than Europe or North America. Indeed, the biggest countries in real-time payments are not from Europe or North America.

The "Digital Payments 2025 Dataset" is a synthetic dataset representing digital payment transactions across various payment applications in India for the year 2025. It captures monthly transaction data for multiple payment apps, including banks, UPI platforms, and mobile payment services, reflecting the growing adoption of digital payments in India. The dataset was created as part of a college project to simulate realistic transaction patterns for research, education, and analysis in data science, economics, and fintech studies. It includes metrics such as customer transaction counts and values, total transaction counts and values, and temporal data (month and year). The data is synthetic, generated using Python libraries to mimic real-world digital payment trends, and is suitable for academic research, teaching, and exploratory data analysis.

The Romanian banking system's average transaction value per user peaked in 2024 at approximately ***** U.S. dollars for digital payments. It is expected that the average is going to keep growing until 2029, up to ***** U.S. dollars.

High Frequency Indicator: The dataset contains year- and month-wise compiled data from the from the year 2016 to till date on the total number of banks live on National Electronic Toll Collection (NETC), total Fastags issued, the volume and value of transactions performed at Toll Gates through Fastags

Notes:

1. In the dataset, no_of_tags_issued column represents cumulative data on total Fastags issued
2. NETC program to meet the electronic tolling requirements of the Indian market. It offers an interoperable nationwide toll payment solution including clearing house services for settlement and dispute management.
3. FASTag is an electronic toll collection system in India, operated by the National Highway Authority of India.

In the United Kingdom (UK), digital wallets were a popular payment method used by ** percent of consumers who made e-commerce payments in 2024. That year, credit and debit cards were both still common options as well. Embracing digital wallets Gen Z, has helped make digital wallets more popular. Growing up with smartphones, the fast, easy, and secure way digital wallets allow payment makes them attractive to use both online and in stores. For many Gen Z shoppers, digital wallets do not just make payments simple, they also offer loyalty programs and special deals. Because of this, Gen Z is shifting away from traditional payment methods, seeing digital wallets as a natural part of their tech-focused lifestyle. This trend will likely keep growing, as its shown through its transaction value worldwide.
Millennials and Gen Z: powerhouses in social engagement Although Gen Z has shown a higher presence when it comes to using social media platforms, Millennials are also avid users and participate on social platforms at the same capacity as Gen Z, at around ** percent respecitvely. Both generation have high frequency of use of such platforms, with around ** percent of them being on social media daily, making social media an important factor to consider when looking at e-commerce customer journeys.

As of 2019, most online shoppers in Finland had used online banking as payment method (** percent). Card payment was used by ** percent of the Finns, whereas PayPal was used by ** percent over the evaluated period.

Abstract

The fourth edition of the Global Findex offers a lens into how people accessed and used financial services during the COVID-19 pandemic, when mobility restrictions and health policies drove increased demand for digital services of all kinds.

The Global Findex is the world's most comprehensive database on financial inclusion. It is also the only global demand-side data source allowing for global and regional cross-country analysis to provide a rigorous and multidimensional picture of how adults save, borrow, make payments, and manage financial risks. Global Findex 2021 data were collected from national representative surveys of about 128,000 adults in more than 120 economies. The latest edition follows the 2011, 2014, and 2017 editions, and it includes a number of new series measuring financial health and resilience and contains more granular data on digital payment adoption, including merchant and government payments.

The Global Findex is an indispensable resource for financial service practitioners, policy makers, researchers, and development professionals.

Geographic coverage

National coverage

Analysis unit

Individual

Kind of data

Observation data/ratings [obs]

Sampling procedure

In most developing economies, Global Findex data have traditionally been collected through face-to-face interviews. Surveys are conducted face-to-face in economies where telephone coverage represents less than 80 percent of the population or where in-person surveying is the customary methodology. However, because of ongoing COVID-19 related mobility restrictions, face-to-face interviewing was not possible in some of these economies in 2021. Phone-based surveys were therefore conducted in 67 economies that had been surveyed face-to-face in 2017. These 67 economies were selected for inclusion based on population size, phone penetration rate, COVID-19 infection rates, and the feasibility of executing phone-based methods where Gallup would otherwise conduct face-to-face data collection, while complying with all government-issued guidance throughout the interviewing process. Gallup takes both mobile phone and landline ownership into consideration. According to Gallup World Poll 2019 data, when face-to-face surveys were last carried out in these economies, at least 80 percent of adults in almost all of them reported mobile phone ownership. All samples are probability-based and nationally representative of the resident adult population. Phone surveys were not a viable option in 17 economies that had been part of previous Global Findex surveys, however, because of low mobile phone ownership and surveying restrictions. Data for these economies will be collected in 2022 and released in 2023.

In economies where face-to-face surveys are conducted, the first stage of sampling is the identification of primary sampling units. These units are stratified by population size, geography, or both, and clustering is achieved through one or more stages of sampling. Where population information is available, sample selection is based on probabilities proportional to population size; otherwise, simple random sampling is used. Random route procedures are used to select sampled households. Unless an outright refusal occurs, interviewers make up to three attempts to survey the sampled household. To increase the probability of contact and completion, attempts are made at different times of the day and, where possible, on different days. If an interview cannot be obtained at the initial sampled household, a simple substitution method is used. Respondents are randomly selected within the selected households. Each eligible household member is listed, and the hand-held survey device randomly selects the household member to be interviewed. For paper surveys, the Kish grid method is used to select the respondent. In economies where cultural restrictions dictate gender matching, respondents are randomly selected from among all eligible adults of the interviewer's gender.

In traditionally phone-based economies, respondent selection follows the same procedure as in previous years, using random digit dialing or a nationally representative list of phone numbers. In most economies where mobile phone and landline penetration is high, a dual sampling frame is used.

The same respondent selection procedure is applied to the new phone-based economies. Dual frame (landline and mobile phone) random digital dialing is used where landline presence and use are 20 percent or higher based on historical Gallup estimates. Mobile phone random digital dialing is used in economies with limited to no landline presence (less than 20 percent).

For landline respondents in economies where mobile phone or landline penetration is 80 percent or higher, random selection of respondents is achieved by using either the latest birthday or household enumeration method. For mobile phone respondents in these economies or in economies where mobile phone or landline penetration is less than 80 percent, no further selection is performed. At least three attempts are made to reach a person in each household, spread over different days and times of day.

Sample size for Kazakhstan is 1000.

Mode of data collection

Face-to-face [f2f]

Research instrument

Questionnaires are available on the website.

Sampling error estimates

Estimates of standard errors (which account for sampling error) vary by country and indicator. For country-specific margins of error, please refer to the Methodology section and corresponding table in Demirgüç-Kunt, Asli, Leora Klapper, Dorothe Singer, Saniya Ansar. 2022. The Global Findex Database 2021: Financial Inclusion, Digital Payments, and Resilience in the Age of COVID-19. Washington, DC: World Bank.

According to a survey conducted on digital payments across India in 2020, the majority of respondents stated that their transactions failed while using digital payment methods. Over *** percent of the respondents stated that they paid a fraud through digital transaction that year.

The North American payments industry, valued at $389 billion in 2025, is projected to experience robust growth, driven by the increasing adoption of digital payment methods and the expansion of e-commerce. A Compound Annual Growth Rate (CAGR) of 10.45% from 2025 to 2033 indicates a significant market expansion, exceeding $800 billion by 2033. Key drivers include the rising preference for contactless payments, fueled by concerns about hygiene and convenience, the proliferation of mobile wallets integrated into smartphones, and the increasing penetration of internet and mobile access, particularly among younger demographics. The retail, entertainment, and healthcare sectors are major contributors, with significant growth potential in the hospitality and other emerging end-user industries. While the shift towards digital payments presents opportunities, challenges remain, including ensuring cybersecurity and data privacy, managing regulatory complexities, and addressing potential infrastructure limitations in certain regions. The competitive landscape is dynamic, with established players like Mastercard and Visa alongside emerging fintech companies vying for market share. The ongoing evolution of payment technologies, such as real-time payments and blockchain-based solutions, will further shape the industry's trajectory in the coming years. The dominance of card payments (credit and debit) is anticipated to gradually decline as digital wallets and mobile payment solutions gain broader acceptance. Cash transactions, although still prevalent, are predicted to decrease steadily as digital alternatives become more integrated into daily life. The geographical concentration of growth is likely to be concentrated in major metropolitan areas and regions with high digital literacy rates. Expansion into underserved markets and rural areas will present both challenges and opportunities for businesses, requiring targeted strategies and investments in infrastructure. Continued innovation in areas such as biometrics, artificial intelligence, and improved fraud prevention measures will be crucial for maintaining consumer trust and driving further industry growth. The increasing integration of payment systems with other financial services, like lending and investing, will also shape the future of the North American payments landscape. This report provides a detailed analysis of the North America payments industry, covering the period from 2019 to 2033. It delves into market size, growth drivers, challenges, and emerging trends, offering invaluable insights for businesses and investors seeking to navigate this dynamic landscape. The study includes detailed segmentations by payment mode (Point of Sale, Online Sales), end-user industry (Retail, Healthcare, Hospitality, etc.), and key players like Visa, Mastercard, and PayPal. The base year for this analysis is 2025, with estimations for 2025 and a forecast period extending to 2033, utilizing historical data from 2019-2024. Recent developments include: August 2023 - PayPal announced the launch of stablecoin digital currency, which will be backed by US dollars and used for transactions on its global online payments platform. The stablecoin, known as PayPal USD, will be issued by Paxos Trust Co. and will be backed by US dollar deposits and short-term US Treasuries., September 2023 - PayPal introduces Web3 Payment On and Off Ramps. With this launch, the company will connect their customers' ability to buy and sell supported cryptocurrency in the United States to the PayPal On and Off Ramps. It will assist web3 merchants in expanding their user base by connecting them to PayPal's quick and seamless payment experience.. Key drivers for this market are: High Proliferation of E-commerce, Including the Rise of M-commerce, Smartphone Growth and Electronic Initiatives in the payment market; Increase in Real-Time Payments. Potential restraints include: Lack of a Standard Legislative Policy Across the Globe, Privacy and Security Concerns. Notable trends are: Increasing use of digital wallets payments.

This dataset contains detailed synthetic payment transaction records, each labeled with ground-truth indicators of fraud. It includes transaction metadata, customer and merchant identifiers, payment methods, device and location context, and fraud reasons, making it ideal for developing and benchmarking machine learning models for payment fraud detection and risk mitigation.

The German payments market, exhibiting a robust Compound Annual Growth Rate (CAGR) of 12.32%, is poised for significant expansion between 2025 and 2033. This growth is fueled by several key drivers. The increasing adoption of digital technologies, particularly mobile wallets and online payment platforms like PayPal and Apple Pay, is significantly impacting consumer behavior. E-commerce's continued expansion within the retail, entertainment, and healthcare sectors further accelerates this trend. Moreover, a burgeoning preference for contactless payment options, driven by convenience and enhanced security, is steadily reducing reliance on cash transactions. While specific market size figures for Germany are absent from the provided data, extrapolating from the global CAGR and considering Germany's advanced digital infrastructure and strong economy, a reasonable estimate for the 2025 market size could be in the range of €500-€700 million. This substantial market value reflects the convergence of multiple factors: strong consumer spending, government initiatives promoting digitalization, and the presence of both established players (Visa, Mastercard) and innovative fintech startups. However, the market also faces certain constraints. The relatively high level of banking penetration in Germany, leading to established traditional payment systems, could potentially slow the adoption of certain new technologies. Furthermore, regulatory changes and concerns surrounding data privacy and security might present challenges for market players. Segmentation analysis reveals a clear shift toward digital modes of payment, with Point of Sale (POS) card payments and digital wallets experiencing the most rapid growth. Regional analysis within Germany (while not detailed in the provided data) would likely reveal variations based on factors like urban vs. rural demographics and levels of digital literacy. The competitive landscape is dynamic, featuring a blend of international giants like Visa and Mastercard, alongside regional players and burgeoning fintech firms. Successfully navigating this complex environment will require a strong focus on innovation, regulatory compliance, and a keen understanding of evolving consumer preferences within the German market. This comprehensive report provides an in-depth analysis of the German payments market, covering the period from 2019 to 2033. It delves into market size, growth drivers, challenges, and future trends, offering invaluable insights for businesses operating within this dynamic sector. With a focus on key players like Visa, Mastercard, PayPal, and emerging digital wallets, the report offers a detailed understanding of the competitive landscape and future potential. Search keywords like "German payments market," "digital payments Germany," "mobile wallets Germany," and "fintech Germany" are strategically incorporated throughout. Key drivers for this market are: High Proliferation of E-commerce and Rising Adoption of M-commerce, Enablement Programs by Key Retailers and Government encouraging digitization of the market; Growing adoption of Buy Now Pay Later in Germany. Potential restraints include: High Implementation and Maintenance Cost. Notable trends are: High Proliferation of E-commerce and Rising Adoption of M-commerce is Expected to Drive the Payments Market.

The global payments industry, currently valued at $2.85 trillion (2025), is experiencing robust growth, projected to expand at a compound annual growth rate (CAGR) of 10.88% from 2025 to 2033. This expansion is fueled by several key drivers. The increasing adoption of e-commerce and digital technologies is significantly shifting consumer preferences towards digital payment methods like mobile wallets and online payment platforms. Furthermore, the rising penetration of smartphones and internet access, particularly in developing economies, is creating a larger addressable market for digital payment solutions. The continuous innovation in payment technologies, such as biometric authentication and blockchain-based systems, is enhancing security and efficiency, further accelerating market growth. While regulatory changes and security concerns pose potential restraints, the industry's overall trajectory remains positive, driven by the ongoing digital transformation across various sectors. The retail, entertainment, and healthcare industries are significant contributors to the market's growth, with a notable rise in contactless payments and integrated point-of-sale (POS) systems across these sectors. Major players like Visa, Mastercard, PayPal, and Alipay are aggressively investing in technological advancements and strategic partnerships to maintain their market leadership and capitalize on emerging opportunities within the rapidly evolving payments landscape. The segmentation of the payments industry reveals significant opportunities within both online and offline channels. Point-of-sale (POS) payments, encompassing card payments and digital wallets, dominate the market share, but online sales are witnessing exponential growth. This reflects the increasing preference for online shopping and the seamless integration of digital payment gateways into e-commerce platforms. Regional variations in market growth are expected, with Asia-Pacific projected to witness the fastest growth, driven by the rising middle class and increasing smartphone penetration. North America and Europe will also exhibit considerable growth, although at a slightly slower pace, reflecting the already high penetration of digital payment systems in these mature markets. The competitive landscape is highly dynamic, with established players continuously innovating and new entrants emerging, making strategic partnerships and technological differentiation critical for success. The forecast period (2025-2033) promises a significant expansion of the market, exceeding $7 trillion by 2033, fueled by sustained technological advancements and expanding global digital adoption. This in-depth report provides a comprehensive analysis of the global payments industry, covering the period from 2019 to 2033. With a base year of 2025 and an estimated year of 2025, this study forecasts market trends until 2033, leveraging historical data from 2019-2024. The report delves into key market segments, including various payment modes (card payments, digital wallets, cash, etc.), end-user industries (retail, entertainment, healthcare, hospitality, etc.), and major players like Visa, Mastercard, PayPal, and Alipay. This report is crucial for businesses seeking to understand the evolving landscape of digital payments, mobile wallets, and the overall financial technology (Fintech) market. It's a must-read for investors, strategists, and industry professionals seeking to navigate the dynamic and ever-growing global payments market, valued at hundreds of billions of dollars. Recent developments include: October 2023 - Square Capital LLC announced the debut of Tap to Pay on iPhone in Australia, where Square would make the technology available to its sellers. Tap to Pay on iPhone is available in the Square Point of Sale, Square for Retail, and Square Appointments iOS apps. It allows vendors of all sizes to accept contactless payments directly from their iPhones, with no additional hardware required or expense., July 2023 - Grow Finance announced that the company partnered with Pismo to issue new Mastercard credit cards for small businesses in Australia. This new offer gives business owners better cash flow, management, and capital to help them improve their businesses., April 2023 - Stripe announced the launch of unified commerce solutions for Australia. Through this, businesses of all sizes can accept in-person payments using the Stripe Terminal SDK and Tap to Pay on Android or Stripe Readers to unify online and in-person commerce with a single integration.. Key drivers for this market are: E-commerce Supported by the Rise of M-commerce is Expected to Drive the Market, Enablement Programs by Key Retailers and Government Encouraging Digitization of the Market; Growth of Real-time Payments in Various Countries. Potential restraints include: High Implementation and Maintenance Cost. Notable trends are: The Payments have been Sharing wide Traction Owing to Rising Retail Sector.

Estonia Payment Cards: Transaction: Vol: Residents: E-commerce data was reported at 1,288.100 Unit th in Jun 2018. This records an increase from the previous number of 1,268.000 Unit th for May 2018. Estonia Payment Cards: Transaction: Vol: Residents: E-commerce data is updated monthly, averaging 482.400 Unit th from May 2012 (Median) to Jun 2018, with 74 observations. The data reached an all-time high of 1,431.300 Unit th in Mar 2018 and a record low of 178.200 Unit th in Jun 2012. Estonia Payment Cards: Transaction: Vol: Residents: E-commerce data remains active status in CEIC and is reported by Bank of Estonia. The data is categorized under Global Database’s Estonia – Table EE.KA006: Payment Statistics: Cards Transactions.

The secure payment system market size was valued at USD XX million in 2025 and is projected to reach USD XX million by 2033, growing at a CAGR of XX% from 2025 to 2033. Increasing adoption of digital payment methods, rising concerns about data security and fraud prevention, and growing e-commerce sector are driving the growth of the secure payment system market. However, factors such as high implementation and maintenance costs, and stringent regulatory compliance requirements may restrain the market growth. The secure payment system market is segmented by application into retail, BFSI, healthcare, government, and others. The retail segment held the largest market share in 2025, and is projected to continue its dominance during the forecast period. This can be attributed to the increasing adoption of e-commerce and m-commerce, which has led to a surge in online transactions. The BFSI segment is expected to witness significant growth during the forecast period, owing to the rising adoption of digital banking and mobile payment services. The healthcare segment is also expected to grow at a high CAGR during the forecast period, due to the increasing adoption of electronic health records (EHRs) and the growing demand for secure payment solutions to protect patient data.

Estonia Payment Cards: Transaction: Vol: Credit: E-commerce data was reported at 340.000 Unit th in Jun 2018. This records a decrease from the previous number of 343.300 Unit th for May 2018. Estonia Payment Cards: Transaction: Vol: Credit: E-commerce data is updated monthly, averaging 189.050 Unit th from May 2012 (Median) to Jun 2018, with 74 observations. The data reached an all-time high of 388.300 Unit th in Mar 2018 and a record low of 94.300 Unit th in Jun 2012. Estonia Payment Cards: Transaction: Vol: Credit: E-commerce data remains active status in CEIC and is reported by Bank of Estonia. The data is categorized under Global Database’s Estonia – Table EE.KA006: Payment Statistics: Cards Transactions.

Pakistan Payment Systems Transactions: Volume: E-Banking: ATM data was reported at 135.700 Unit mn in Dec 2019. This records an increase from the previous number of 129.900 Unit mn for Sep 2019. Pakistan Payment Systems Transactions: Volume: E-Banking: ATM data is updated quarterly, averaging 123.750 Unit mn from Sep 2016 (Median) to Dec 2019, with 14 observations. The data reached an all-time high of 135.700 Unit mn in Dec 2019 and a record low of 89.100 Unit mn in Sep 2016. Pakistan Payment Systems Transactions: Volume: E-Banking: ATM data remains active status in CEIC and is reported by State Bank of Pakistan. The data is categorized under Global Database’s Pakistan – Table PK.KA017: Payment System Statistics: Transactions. [COVID-19-IMPACT]

The funding value for digital payment companies reached about 123.6 million U.S. dollars in 2024 in Singapore, across 15 deals. This was a slight decrease compared to the previous year, when 24 deals were completed, with a funding value of 186.13 million U.S. dollars. Digital payments In 2023, digital payments stood among the most funded fintech categories in Singapore, with cryptocurrencies, with 627 million U.S. dollars raised. The development of digital payments is supported by a connected and innovative financial environment, driven by a national strategy from the Monetary Authority of Singapore (MAS). This is reflected in national programs such as PayNow, Fast And Secure Transfer (FAST), and the Singapore Quick Response Code (SGQR), which facilitate instant, cross-platform, and cross-border transfers. The transaction value of digital payments in Singapore in 2023 reached 20.15 billion U.S dollars. The sector is projected to grow and is estimated to reach a transaction value of 43.3 billion U.S. dollars in 2028. Companies This innovation-friendly environment has allowed the industry to grow with the success of various companies. The fintech scene is growing rapidly, and the payments sector accounted for 19 percent of fintech companies in 2023. Among them, Grab is one of the major players in the sector, with Grabpay, the market leader in mobile wallets, expected to reach 9.8 million users by 2025. In addition, payments are also leading the startup scene, with two payments startups among Singapore's top fintech startups. Nium, the global payments platform, raised 264 million U.S. dollars in funding, while M-Daq, the cross-border payments specialist, raised 246 million U.S. dollars.

Electronic payments used to make payments (% age 15+) in Algeria was reported at 12.76 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Algeria - Electronic payments used to make payments (% age 15+) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

The Unified Payments Interface (UPI) market is experiencing robust growth, driven by the increasing adoption of digital payment methods globally. The market, estimated at $150 billion in 2025, is projected to witness a Compound Annual Growth Rate (CAGR) of 15% from 2025 to 2033, reaching approximately $500 billion by 2033. This expansion is fueled by several key factors, including the rising penetration of smartphones and internet access, particularly in emerging economies, coupled with a growing preference for contactless and cashless transactions. Government initiatives promoting digital financial inclusion and supportive regulatory frameworks are also significantly contributing to the market's trajectory. The dominance of cloud-based UPI solutions reflects the scalability and flexibility demanded by businesses of all sizes, from large enterprises leveraging these platforms for enhanced operational efficiency to SMEs benefiting from cost-effective and user-friendly payment processing. The market is segmented by application (Large Enterprises and SMEs) and type (Cloud-Based and Web-Based), with cloud-based solutions experiencing faster growth due to their adaptability and scalability. Key players like Unified Practice, Cisco, ieDigital, WatchGuard, and EVO Payments are shaping the competitive landscape through innovative solutions and strategic partnerships. Geographic expansion is another significant driver, with North America and Asia-Pacific currently leading the market, but substantial growth potential exists in regions like Africa and South America as digitalization accelerates. While the UPI market faces challenges, such as security concerns surrounding data breaches and the need for robust cybersecurity infrastructure, these are being addressed through technological advancements and regulatory interventions. Furthermore, the integration of UPI with other financial technologies, such as blockchain and artificial intelligence, presents new opportunities for growth and innovation. The continued focus on user experience and the development of more intuitive and secure payment solutions will be critical to maintaining the market's momentum. Competition is expected to intensify as more fintech companies enter the market, leading to increased innovation and potentially lower prices for consumers. The long-term outlook for the UPI market remains positive, driven by the ongoing shift toward digital payments and the expansion of financial inclusion globally.