The United States Payments Market Report is Segmented by Mode of Payment (Point of Sale, Online), Interaction Channel (Point-Of-Sale, E-commerce/M-commerce), Transaction Type (P2P, C2B, B2B, Remittances and Cross-Border), End-User Industry (Retail, Entertainment and Digital Content, Healthcare, Hospitality and Travel, and More). The Market Forecasts are Provided in Terms of Value (USD).

The United States payment market reached a value of nearly USD 4813.60 Million in 2024. It is assessed to grow at a CAGR of 4.70% between 2025 and 2034 to attain around USD 7619.68 Million by 2034.

Over the last two observations, the number of users is forecast to significantly increase in all segments. This reflects the overall trend throughout the entire forecast period from 2018 to 2028. It is estimated that the indicator is continuously rising in all segments. In this regard, the Digital Commerce segment achieves the highest value of ***** million users in 2028. The Statista Market Insights cover a broad range of additional markets.

United States payments market is valued at USD 8.5 trillion, driven by digital payment adoption, e-commerce expansion, and technologies like AI and blockchain for secure transactions.

The United States payment gateways market size reached USD 5,843.5 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 8,759.1 Million by 2033, exhibiting a growth rate (CAGR) of 4.37% during 2025-2033. The market is experiencing significant growth due to the rapid development of digital payments, the growing inclination of consumers toward online shopping and e-commerce, and the increase of small and medium-sized firms (SMEs) driving innovation across the region.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 5,843.5 Million
Market Forecast in 2033	USD 8,759.1 Million
Market Growth Rate (2025-2033)	4.37%

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional and country levels for 2025-2033. Our report has categorized the market based on application and mode of interaction.

Credit card processors and money transferring companies have witnessed substantial growth fueled by an expanding adoption of electronic payments. Recent trends show a remarkable increase in electronic transactions, with more businesses embracing a credit card-friendly approach. This has directly contributed to burgeoning revenue streams for providers. The heightened use of debit and credit cards, along with solid economic growth that has bolstered consumer spending and per capita disposable income, underpin this upward trajectory. Additionally, digitization trends, accelerated by the push toward e-commerce, have further cemented the integration of cards in everyday transactions, demonstrating the industry's resilience and adaptability to evolving market demands. Despite these positive trends, shifting economic conditions have significantly impacted revenue volatility for credit card processors and money transfer services. Initially, the pandemic reduced consumer spending, leading to a decreased demand for these services in 2020. Despite this, e-commerce sales surged, permitting some stability in revenue. As the US economy reopened, consumer spending increased, leading to substantial revenue growth in 2021. However, rampant inflation in 2022 dampened e-commerce performance, yet high wage growth kept revenue positive. This inflation also caused consumers to bolster their use of credit cards to cover rising expenses, raising profitability. More recently, recessionary fears, spurred by higher interest rates, further constrained consumer spending and corporate expenditures, slowing growth. Despite these challenges, strong e-commerce activities have kept the industry resilient. Overall, revenue for credit card processing and money transferring companies has swelled at a CAGR of 6.7% over the past five years, reaching $146.3 billion in 2025. This includes a 2.8% rise in revenue in that year. Providers are expected to face a slew of negative and positive trends moving forward. Cash usage in the US has dropped significantly because of digitization and the convenience of credit and debit cards. This trend is expected to accelerate over the next five years as economic growth and pandemic-driven online shopping further shift consumer preferences to electronic payments. As a result, providers will need to innovate, investing in biometrics and AI to enhance efficiency and security. Policy changes like new tariffs and extended tax cuts are also set to impact consumer spending and providers’ revenue. Despite these uncertainties, continued GDP growth and rising consumer confidence are forecast to sustain high demand for digital payment services, benefiting the industry's largest players. Overall, revenue for credit card processing and money transferring companies in the United States is forecast to expand at a CAGR of 2.6% over the next five years, reaching $166.3 billion in 2030.

The United States Digital Payment market is expected to grow with more than 14% CAGR from 2024 to 2029 due to rapid digital payment growth driven by tech innovation.

Visa's U.S. market share increased during the coronavirus pandemic, mostly as Americans used more debit cards. This is according to estimates based on the transaction volume of general purpose credit and debit cards issued in the United States. Visa's market share strengthened as time went by, moving from a roughly ** percent market share in 2007 to more than ** percent by 2022. This is likely because of the growing use of debit cards in the U.S. — causing the market share of American Express to decline. Debit cards grow faster than credit cards in the U.S. The number of cards issued by Visa reveals a growth disparity between their debit cards and their credit cards. The number of Visa issued debit cards in circulation in the U.S. in Q2 2023 had increased by *** percent when compared to the same period in the previous year. This growth figure was *** percent for U.S. Visa issued credit cards during the same period. By the second quarter, the United States had over *** million debit cards from Visa against roughly *** million Visa credit cards. Who uses debit cards in the United States? A three-year survey stated more than ***** out of 10 respondents from the United States owned a debit card in 2021, with only ** percent actually having used one. Women were much more likely than men to own such a payment card. Gen Z — or the age group 15 to 24 years in this survey — was less likely to own a debit card than their older counterparts, although their ownership of debit cards was much higher when compared to Gen Z credit card ownership.

Increasing customer demand for quick payment methods is set to push the global real-time payment market to a value of US$ 27.9 billion in 2024. Worldwide demand for real-time payment solutions is projected to accelerate at a significantly high CAGR of 32% and reach a market valuation of US$ 447.7 billion by 2034-end.

Report Attributes	Details
Real-time Payment Market Size (2024E)	US$ 27.9 Billion
Forecasted Market Value (2034F)	US$ 447.7 Billion
Global Market Growth Rate (2024 to 2034)	32% CAGR
North America Market Share (2034E)	24.3% CAGR
Market Share of On-premise Real-time Payment Solutions (2034F)	58%
Japan Market Growth Rate (2024 to 2034)	32.6%
Key Companies Profiled	Fidelity National Information Services, Inc. (FIS Inc.) ACI Worldwide, Inc. Volante Technologies Inc. Mastercard Inc. Montran Corporation Finastra; Visa Inc. Temenos AG PayPal Holdings, Inc. Fiserv, Inc. Worldpay, Inc. Wirecard AG

Country-wise Insights

Attribute	United States
Market Value (2024E)	US$ 3 Billion
Growth Rate (2024 to 2034)	32.5% CAGR
Projected Value (2034F)	US$ 49.6 Billion

Attribute	China
Market Value (2024E)	US$ 3.1 Billion
Growth Rate (2024 to 2034)	32% CAGR
Projected Value (2034F)	US$ 49.1 Billion

Category-wise Insights

Attribute	Solutions
Segment Value (2024E)	US$ 20.1 Billion
Growth Rate (2024 to 2034)	31.2% CAGR
Projected Value (2034F)	US$ 304.5 Billion

Attribute	On-premise
Segment Value (2024E)	US$ 18.1 Billion
Growth Rate (2024 to 2034)	30.5% CAGR
Projected Value (2034F)	US$ 259.7 Billion

United States E-Commerce Payment Market valued at $1192.56 Million in 2023, and is reach $USD 2770.85 Million by 2032, at a CAGR of 9.82%.

Mobile payments in Brazil and Mexico are expected to grow at a faster pace than in the United States or Canada come 2025. Somewhat unsurprising, the transaction volume in the U.S. was much higher than the ***** other countries the source mentioned from the Americas. Proximity mobile payment adoption compared to other individual countries in the world was relatively high in both the United States and Canada. The compound annual growth (CAGR) between 2020 and 2025, however, was especially high for Brazil, reinforcing a trend that mobile payment use in Latin America is set to increase in the coming years.

The United States real-time payments market is experiencing robust growth, driven by increasing consumer demand for instant transactions, the expansion of digital banking services, and the rising adoption of mobile payment technologies. The market's size in 2025 is estimated at $150 billion, exhibiting a Compound Annual Growth Rate (CAGR) of 10.12% from 2019 to 2033. This growth is fueled by several key factors. Firstly, businesses are increasingly seeking efficient and cost-effective payment solutions, leading to widespread adoption of real-time payment systems across various sectors. Secondly, regulatory initiatives promoting innovation in the payments space and strengthening data security are further accelerating market expansion. Finally, the continuous advancements in technology, such as the development of more sophisticated APIs and enhanced security protocols, are contributing to the market's rapid evolution. The market's segmentation reveals significant opportunities across different user demographics and transaction types. While major players like Visa, Mastercard, PayPal, and Fiserv are consolidating their positions, the emergence of innovative fintech companies is fostering healthy competition and driving further innovation. The market's geographical distribution shows concentrated growth within major metropolitan areas and regions with high digital adoption rates. Looking forward, the market is projected to maintain a high growth trajectory, propelled by continued technological advancements, increasing consumer expectations for speed and convenience in financial transactions, and the ongoing expansion of digital commerce. This consistent expansion will likely lead to the integration of real-time payments into even more sectors and daily activities. Key drivers for this market are: Increased Smartphone Penetration, Falling Dependence on Traditional Banking; Ease of Convenience. Potential restraints include: , Sceptical View on Data Privacy. Notable trends are: Rise in the P2B Payment.

United States Electronic Bill Presentment Payment Market was valued at USD 25.86 billion in 2024 and is expected to reach USD 47.58 billion by 2030 with a CAGR of 10.53%.

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Market Size	2024:USD 25.86 billion
Forecast Market Size	2030: USD 47.58 billion
CAGR	2025-2030: 10.53%
Fastest Growing Segment	Bank-Aggregator Model
Largest Market	West US
Key Players	1. Fiserv Inc. 2. ACI Worldwide Inc. 3. Broadridge Financial Solutions Inc. 4. Jack Henry & Associates Inc. 5. Mastercard Incorporated 6. Visa Inc. 7. FIS (Fidelity National Information Services Inc.) 8. PayPal Holdings Inc. 9. JPMorgan Chase & Co. 10. Citigroup Inc

The United States mobile payments market is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) of 13.40% from 2025 to 2033. This expansion is fueled by several key drivers. The increasing adoption of smartphones and the widespread availability of high-speed internet access are foundational. Consumers are increasingly comfortable with digital transactions, driven by convenience and the security features offered by major players like Apple Pay, Google Pay, and PayPal. Furthermore, the growing prevalence of contactless payment options, particularly crucial during periods of heightened health consciousness, significantly contributes to market growth. The market is segmented by payment type, with proximity payments (e.g., NFC tap-to-pay) currently dominating, but remote mobile payments (e.g., online purchases using mobile wallets) are showing significant potential for future growth. The competitive landscape is fiercely contested, with established players like PayPal and emerging fintech companies vying for market share. While challenges exist, such as concerns over data security and fraud, the overall trend points towards continued expansion. The success of the US mobile payments market hinges on several factors. Continued technological advancements in security and user experience are crucial for building consumer trust. The expansion of mobile payment acceptance at brick-and-mortar locations is essential for broader adoption. Furthermore, targeted marketing campaigns focusing on the convenience and security benefits of mobile payment solutions will play a significant role in accelerating market growth. The integration of mobile payments with loyalty programs and rewards systems can also incentivize wider consumer adoption. Regulatory frameworks that promote a secure and competitive environment will foster healthy market expansion. Based on the provided CAGR and considering the market's dynamics, the market size in 2025 can be estimated in the range of $1 trillion to $2 trillion, reflecting a substantial and rapidly expanding market. Further detailed analysis would require additional data points, however, this estimation provides a reasonable preliminary assessment. This comprehensive report provides an in-depth analysis of the United States mobile payments market, offering invaluable insights for businesses, investors, and policymakers. Covering the historical period (2019-2024), base year (2025), and forecasting to 2033, this report leverages robust data and expert analysis to illuminate the market's dynamics, trends, and future trajectory. We examine key players such as Apple Pay, Google Pay, PayPal, and Samsung Pay, alongside emerging players, to paint a complete picture of this rapidly evolving landscape. This report is crucial for understanding the opportunities and challenges within the US mobile payment ecosystem, valued at billions of dollars. Recent developments include: April 2022: PayByCar Inc. a mobile payments Fintech responsible to offer pay-by-text payments at gas stations across Massachusetts has announced the completion of a USD 4 million seed round of funding., December 2021: Papaya, a mobile bill payment application that simplifies bill payments for consumers has announced the completion of Series B round of funding with USD 50 million. The round was led by Bessemer Venture Partners with participation from Sequoia Capital, Acrew Capital, 01 Advisors, Mucker Capital, Fika Ventures, F-Prime, and Sound Ventures. The company aims to utilize the funds to expand its mobile payments app using a first-of-its-kind bill understanding technology.. Key drivers for this market are: Increase in smartphone penetration, Advancement in technology enabling convenient and secure payments; Increase in Real-Time Payments. Potential restraints include: Security and Privacy Concerns to Restrain the Market. Notable trends are: Increase in adoption of Mobile Wallets.

Visa and Mastercard processed more than ***** out of 10 card payments in the United States, with market shares of Discover and Pulse being much smaller. The two brands dominate this particular digital payment segment, and confirm an image from elsewhere: A different report also observes the growing market share of Visa in the U.S. since the coronavirus pandemic. The main difference between the two figures, however, is the different market share for American Express as well as the mentioning of smaller brands - such as Discover, Star, and Pulse.

US Mobile Payments Market size was valued at USD 290 Billion in 2024 and is projected to reach USD 650 Billion by 2032, growing at a CAGR of 10.6% from 2025 to 2032.

US Mobile Payments Market: Definition/ Overview

Mobile payments are digital transactions made via smartphones or tablets, utilizing technologies like digital wallets, mobile banking apps, NFC, QR codes, or SMS-based systems. These methods eliminate the need for physical cash or cards, providing convenience, speed, and security in financial transactions.

The United States mobile payment market value reached approximately USD 453.80 Billion in 2024. The market is further projected to grow at a CAGR of 15.60% between 2025 and 2034, reaching a value of USD 1933.94 Billion by 2034.

The average value of a credit card transaction in the United States is forecast to increase by over ****************** between 2024 and 2029. This is according to one of several forecasts made by Statista covering the credit card market in the United States. The North American country is one of the most mature countries in the world when it comes to credit card penetration. This is reflected in the value of credit card payments, making up over **** percent of the country's GDP. This is partially because credit card ownership among young consumers is around ** percent.

According to Cognitive Market Research, The Global contactless payment market size is USD 29815.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.

North America Contactless Payment held the major market of more than 40% of the global revenue with a market size of USD 11926.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
Europe Contactless Payment held the major market of more than 30% of the global revenue with a market size of USD 8944.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031.
Asia Pacific Contactless Payment held the market of around 23% of the global revenue with a market size of USD 6857.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
South America Contactless Payment market has more than 5% of the global revenue with a market size of USD 1490.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031
Middle East and Africa Contactless Payment held the major market of around 2% of the global revenue with a market size of USD 596.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
The hospitality segment is set to rise due to growing demand for seamless and hygienic transactions. The COVID-19 pandemic accelerated this trend, with consumers prioritizing safety. Contactless payments offer a convenient and secure solution, enhancing the overall guest experience while aligning with health and safety concerns.
The growth is attributed to the rising global adoption of digital payment platforms designed to facilitate customer payments at a faster rate. Contactless payments, such as intelligent hardware, innovative software, and smart services, expand traditional payment systems and present intelligent transactions.

Increasing Penetration of Smartphones to Provide Viable Market Output

The contactless payment market is thriving, propelled by the widespread adoption of smartphones. The increasing penetration of smartphones provides a convenient platform for contactless payments, offering users quick and secure transactions through technologies like NFC. The seamless integration of smartphone payment apps and digital wallets encourages consumers to embrace contactless payments, fostering market growth. The convenience, speed, and hygiene benefits of contactless transactions further contribute to the expansion of this market globally.

For instance, in September 2023, IDEMIA partnered with Soft Space, the leading Fintech player in SoftPOS, to enable contactless payment acceptance. Through this collaboration, merchants and acquirers worldwide can accept card and mobile wallet payments by transforming a smartphone or tablet into a point-of-sale terminal.

(Source: https://www.idemia.com/press-release/idemia-partners-soft-space-enable-tap-phone-payments-2022-03-02 )

Rising Adoption of Technology by Merchants for Small Value Transactions to Propel Market Growth

The contactless payment market thrives as merchants increasingly adopt technology for small-value transactions. The comfort and velocity of contactless payments and the growing trend towards cashless transactions drive this market. With the rise of NFC-enabled devices and mobile wallets, consumers prefer the seamless experience of tapping or waving for swift payments. This trend enhances customer satisfaction and fosters a secure and hygienic payment method, propelling the contactless payment market forward.

For instance, in January 2022, Rêv USA, Inc. announced the nationwide availability of The X World Wallet, an app-based multi-currency debit account combining a loyalty program, a travel bookings portal & discounts with an integrated global sustainability initiative.

(Source: https://www.businesswire.com/news/home/20220104005138/en/R%C3%AAv-Enters-U.S.-Payments-Market-With-The-Launch-of-The-X-World-Wallet%E2%84%A2-Super-App )

Market Restraints of the Contactless Payment

Lack of Consumer Awareness to Restrict Market Growth

The contactless payment market faces a challenge due to a lack of consumer awareness. Despite the convenience and efficiency offered by contactless payments, some consumers remain unaware or skeptical about this technology. This limited awareness is a sign...

The in vehicles payment market is projected to have a significant CAGR of 11.7% from 2023 to 2033. The overall market is predicted to grow from US$ 4,660.6 million in 2023 to US$ 14,134.1 million by 2033.

Attribute	Details
Global In Vehicles Payment Market Valuation in 2022	US$ 4,233.1 million
Estimated Global Market Share in 2023	US$ 4,660.6 million
Forecasted Global Market Size by 2033	US$ 14,134.1 million
Projected Global Market Growth Rate from 2023 to 2033	11.7% CAGR

Segment-wise Insights

Category	By Mode of Payment
Top Segment	Credit or Debit Cards
Market Share in Percentage	45.9%

Category	By Application
Top Segment	Toll Applications
Market Share in Percentage	28.1%

Country-wise Insights

Regional Market Comparison	Global Market Share in Percentage
The United States	17.6%
Germany	7.3%
Japan	2.8%
Australia	1.8%
North America	27.1%
Europe	21.7%

Regions	CAGR (2023 to 2033)
The United Kingdom	11.6%
China	11.9%
India	15.6%