The USA digital payment market is anticipated to witness robust growth in the coming years, driven by the increasing adoption of mobile wallets, rising e-commerce sales, and the growing popularity of online banking. The market is expected to reach a value of XX million by 2033, expanding at a CAGR of 23.50% during the forecast period (2025-2033). Some of the key trends shaping the market include the emergence of new payment technologies, such as contactless payments and biometric authentication, and the increasing use of digital payments in offline retail stores. The market is highly competitive, with several prominent players, including PayPal, Stripe, Google Pay, and Amazon Pay. These companies are investing heavily in innovation and customer acquisition to gain market share. The market is also witnessing the entry of new players, such as fintech startups and mobile network operators, which are offering innovative digital payment solutions to meet the growing demand for convenience and security. Recent developments include: September 2021 - Global Payments Inc. announced an agreement to acquire MineralTree, a provider of accounts payable automation and B-2-B payments solutions. MineralTree's cloud-native solutions significantly expand the Global Payments target market and offer significant growth opportunities in the compelling technology markets., April 2022 - Dwolla, a fintech company driving innovation with sophisticated inter-account payment solutions, announced the release of Virtual Account Number (VAN), a long-awaited feature for disconnecting banks and fintech. These VANs are a process management tool enabling organizations to manage complex payment workflows.. Key drivers for this market are: High proliferation of smartphones and e-commerce driving the market. Potential restraints include: , Stringent Regulations in the Payments Industry. Notable trends are: Retail businesses gaining more significant payment solutions.

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 341.8 million users in 2028. The Statista Market Insights cover a broad range of additional markets.

The US digital payments market is experiencing robust growth, fueled by increasing smartphone penetration, rising e-commerce adoption, and a shift away from traditional cash transactions. The market's expansion is driven by a confluence of factors including the convenience and speed of digital transactions, enhanced security features offered by various payment platforms, and the growing acceptance of digital payments by businesses across diverse sectors. The retail and e-commerce sectors are significant contributors to this growth, with the increasing preference for online shopping boosting demand for secure and efficient digital payment methods. Furthermore, the expansion of mobile wallets and the integration of digital payment solutions into existing financial applications are driving further market penetration. While the adoption of digital payments is widespread, challenges remain, including concerns about data security and privacy, particularly concerning the potential for fraud. Addressing these concerns through robust security measures and transparent data handling practices is crucial for sustaining the market's growth trajectory. The market is segmented by payment method (card payments, digital wallets, cash, others) and end-user industry (retail, entertainment, healthcare, hospitality, others), reflecting the diverse applications of digital payment technologies. Competition within this market is intense, with established players like PayPal and Stripe competing alongside newer entrants such as Amazon Pay and Google Pay. This competitive landscape is fostering innovation and driving down transaction costs, ultimately benefitting consumers and businesses alike. The continued development of innovative payment solutions, coupled with increased consumer trust and regulatory support, will likely fuel further expansion of the US digital payments market in the coming years. The forecast period of 2025-2033 projects sustained growth for the US digital payment market, reflecting the ongoing digital transformation of the economy. Given the 23.50% CAGR provided, even conservative estimations suggest substantial increases in market value. The integration of digital payments with emerging technologies like Artificial Intelligence and blockchain will further shape the landscape, enhancing security and efficiency while providing more personalized experiences for users. Expansion into niche sectors and geographic regions within the US will also contribute to growth. Regulatory efforts to ensure secure transactions and protect consumer data will play a significant role in fostering confidence and driving market expansion. Continuous innovation in payment solutions, such as improved biometric authentication and more seamless integration with various platforms, will attract new users and drive the adoption of digital payments across various demographics. Understanding consumer preferences and adapting to evolving security needs are key to success in this dynamic and rapidly growing market segment. Recent developments include: September 2021 - Global Payments Inc. announced an agreement to acquire MineralTree, a provider of accounts payable automation and B-2-B payments solutions. MineralTree's cloud-native solutions significantly expand the Global Payments target market and offer significant growth opportunities in the compelling technology markets., April 2022 - Dwolla, a fintech company driving innovation with sophisticated inter-account payment solutions, announced the release of Virtual Account Number (VAN), a long-awaited feature for disconnecting banks and fintech. These VANs are a process management tool enabling organizations to manage complex payment workflows.. Key drivers for this market are: High proliferation of smartphones and e-commerce driving the market. Potential restraints include: High proliferation of smartphones and e-commerce driving the market. Notable trends are: Retail businesses gaining more significant payment solutions.

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Digital Payment Market Size 2025-2029

The digital payment market size is forecast to increase by USD 304.95 billion, at a CAGR of 25.5% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing number of online transactions and the growing emergence of mobile apps for shopping transactions. This shift towards digital payments reflects consumers' changing preferences for convenience and contactless transactions. However, this market landscape is not without challenges. Privacy and concerns related to security remain key obstacles. As more financial information moves online, ensuring robust security measures becomes paramount. Companies must prioritize data protection and implement advanced encryption technologies to mitigate risks and build consumer trust. Navigating these challenges while capitalizing on the market's potential for growth requires strategic planning and a commitment to innovation. Companies that can provide secure, user-friendly digital payment solutions will be well-positioned to succeed in this dynamic market.

What will be the Size of the Digital Payment Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleThe market continues to evolve, with cross-border payments and point-of-sale (POS) systems becoming increasingly integrated. Transaction fees, integration APIs, merchant services, virtual cards, data analytics, cash management, payment gateways, and payment processors are all key components of this dynamic landscape. Loyalty programs, subscription management, business intelligence, and predictive analytics are also gaining traction, providing valuable insights for businesses. Payment networks, biometric authentication, debit cards, contactless payments, QR codes, digital wallets, mobile payments, and regulatory compliance are shaping the future of transactions. Regulatory requirements, such as anti-money laundering (AML) and PCI DSS compliance, ensure secure and transparent processes. Innovations like blockchain technology, recurring billing, customer support, online payments, real-time payments, personal finance management, two-factor authentication, fraud detection, and risk management are driving advancements in the market. Prepaid cards, credit cards, cryptocurrency payments, and batch processing are further expanding the payment ecosystem. As the market continues to unfold, entities must adapt to the ever-changing landscape, ensuring seamless integration of these solutions to cater to the evolving needs of various sectors.

How is this Digital Payment Industry segmented?

The digital payment industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. End-userLarge enterprisesSMEsComponentSolutionsServicesDeploymentOn-premisesCloudMethodDigital walletsBank cardsDigital currenciesApplicationBFSIMedia and entertainmentIT and telecommunicationHospitalityHealthcareGeographyNorth AmericaUSCanadaEuropeFranceGermanyUKAPACChinaIndiaJapanSouth KoreaSouth AmericaBrazilRest of World (ROW)

By End-user Insights

The large enterprises segment is estimated to witness significant growth during the forecast period.The market is witnessing significant growth as businesses increasingly adopt contactless and card-based transactions. Major industries, including banking, securities, finance and insurance (BSFI), information technology, and manufacturing, are driving this trend. The expansion of BSFI enterprises and the rise of intraregional and cross-border banking activities have fueled the demand for digital payment services. Modern point-of-sale (POS) systems, payment gateways, and processors facilitate seamless transactions for various sectors, such as hotels, restaurants, grocery stores, shopping malls, and event management companies. Integration APIs and merchant services enable businesses to easily accept digital payments. Virtual cards, mobile payments, and digital wallets offer added convenience for consumers. Regulatory compliance, including anti-money laundering (AML) regulations, ensures secure transactions. Data analytics, business intelligence, and predictive analytics provide valuable insights for businesses. Security protocols, such as PCI DSS compliance, protect against fraud. Real-time payments, recurring billing, and personal finance management streamline financial processes. Blockchain technology and cryptocurrency payments offer new possibilities for transactions. Two-factor authentication and biometric authentication add an extra layer of security. Overall, the market is transforming the way businesses and consumers manage transactions.

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The La

The number of users in the 'Digital Payments' segment of the fintech market in the United States was forecast to continuously increase between 2024 and 2028 by in total 45.8 million users (+15.32 percent). After the tenth consecutive increasing year, the indicator is estimated to reach 344.82 million users and therefore a new peak in 2028. Notably, the number of users 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 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).

This research project, carried out in collaboration with the USAID’s Feed the Future Program, explored 1) how digital financial services (DFS) could help address the unmet financial needs of smallholder farmers (SHFs); 2) the conditions under which SHFs adopt DFS to meet these needs; and 3) how different stakeholders perceive farmer needs, DFS availability, and incentives and barriers to DFS Guatemala. This report is made possible by the support of the American People through the United States Agency for International Development (USAID). The contents of this report are the sole responsibility of MIT D-Lab.

Real-time payments in the United States were predicted to grow by 2027, as instant payments made up around one percent of overall payments in 2023. Approximately five percent of the overall payments mix in the country - including both cash and cashless - is anticipated to be an instant payment by 2028. The source adds this equals a CAGR of **** percent between the five years under consideration. The United States has multiple real-time payment methods, including The Clearing House's RTP scheme as well as Zelle.

Most U.S. companies selling to other enterprises outside of the country prioritize digital payments. According to a study from 2023, ** percent of surveyed B2B professionals stated their companies already digitized cross-border payments while another ** percent of them saw it as a top priority.

The USA Digital Mobile Payments Market size is USD 10 trillion in 2023, showcasing industry outlook, strategic insights, and future trends. Explore market segmentation, CAGR forecast, and key players in the report.

*** out of 10 e-commerce vendors in the U.S. offer buy now, pay later on their website come 2024. This is according to a survey held in early 2024, asking e-commerce professionals on which payment methods they are offering. Noticeable for the United States is the substantial share of respondents who indicated they offer credit cards in 2024. Cryptocurrency also features in this list. The source does not clarify, however, whether merchants would like to accept direct payments with Bitcoin or whether this involved a *****-party payment aggregator.

The United States mobile payments market is experiencing robust growth, driven by the increasing adoption of smartphones, the rising preference for contactless transactions, and the expanding e-commerce sector. The market, valued at an estimated $2 trillion in 2025, is projected to maintain a Compound Annual Growth Rate (CAGR) of 13.40% from 2025 to 2033, indicating substantial future potential. Key drivers include the enhanced security features offered by mobile payment platforms, the convenience of peer-to-peer (P2P) transfers facilitated by apps like Cash App and Venmo, and the integration of mobile payments into various loyalty programs and reward systems. The market is segmented by payment type, with proximity payments (like NFC tap-to-pay) currently dominating, but remote payments (online and in-app transactions) are experiencing faster growth, fueled by the expansion of e-commerce. Major players such as PayPal, Apple Pay, and Google Pay are aggressively competing for market share through strategic partnerships, technological innovation, and expansion into new market segments. The increasing adoption of mobile wallets and the growing integration of mobile payments into point-of-sale (POS) systems further contribute to the market’s expansion. While the market enjoys significant growth, potential restraints include concerns about data security and privacy, the need for widespread merchant adoption of mobile payment technologies, and the digital literacy gap among certain demographics. However, ongoing advancements in security protocols, increased consumer awareness, and government initiatives promoting digital payments are mitigating these challenges. The competitive landscape is characterized by fierce competition among established players and the emergence of innovative fintech startups, leading to continuous improvements in user experience and functionality. The US market is expected to remain a dominant force in global mobile payments, attracting significant investment and innovation in the coming years. Growth will be further fueled by the increasing adoption of mobile banking and the integration of mobile payments into other financial services. 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: Increase in smartphone penetration, Advancement in technology enabling convenient and secure payments; Increase in Real-Time Payments. Notable trends are: Increase in adoption of Mobile Wallets.

The size of the United States Real Time Payments market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 10.12% during the forecast period.With the expansion and metamorphosis of the United States RTP market, real-time payments brought a new dimension to electronic fund transfers between bank accounts made instantaneously 24/7/365. This new system brings several attendant benefits for the customers and firms alike: quicker efficiency of operations; smaller time span for transactions; and increased flexibility in their financial transactions. RTP would make any user instantly ready to send and receive money, whether for a peer-to-peer transaction, a bill payment, or even for salary distribution. It will also give business-to-business efficiencies since it will automate payroll processing, quicken suppliers' payments, and allow cash management that can be much more agile. Besides this, RTP might give new financial products and services that could be designed to offer either an instant payment solution, request for payment solution, or a real-time reconciliation solution. Having grown much more, it will then become a huge player causing ripples in the U.S. financial landscape. By gaining greater acceptance from financial institutions and consumers, it will then be dear to become the standard payment transaction that changes the way money is transferred across the United States. Recent developments include: February 2022 - Apple announced plans to introduce Tap to Pay on iPhone. The new capability intends to empower millions of merchants across the US, from small businesses to large retailers, to use their iPhone seamlessly and securely to accept Apple Pay, contactless credit and debit cards, and other digital wallet payments through a simple tap to their iPhone with no additional hardware or payment terminal., September 2021 - FedNow Service announced that it aims to bring safe and efficient real-time payments (RTPs) to financial institutions of every size and in every community across the U.S., 24/7/365 in 2023. When a financial institution opts to fully participate in FedNow Service, customers will be able to send RTPs online and recipients will have immediate access to funds.. 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.

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.

Cards will remain a popular POS payment method in the United States by 2030, as credit cards account for ** percent of offline payments by then. A2A transactions will have grown slightly, now representing ***** percent of the market share. Using a debit card is expected to be less common. Mobile wallets will have an increase market share to ***percent, reflecting their growing acceptance among consumers. Why do payment methods matter? One of the major functions of a currency is a means of exchanging goods and services. In the increasingly digital era, cash payments are becoming less common in most markets. The smartphone has revolutionized the convenience and security of digital payments, as have other technological changes in point-of-sale units. For merchants and financial institutions, knowing which payment instruments will dominate can prepare them to handle future transactions. Traditional payment options While digital methods, such as digital or mobile wallets, have become more common, the number of credit cards does not seem to be declining significantly. This is in part because these wallets use a credit or debit card to facilitate the transactions. As such, these payment methods are likely to remain common, at least in this capacity. The purely digital options, known as cryptocurrencies, are currently constrained by such factors as lack of governmental supervision or lengthy transaction times, keeping them from becoming more popular.

BNPL was not the most used payment method in U.S. e-commerce in 2024, although it did reach a *** percent market share relatively quickly. The United States prefers credit cards and mobile wallets over other payment options, likely due to the popularity and user experience with mobile payment apps such as PayPal. The figures shown here are from before Apple entered the United States BNPL market. Installment loans through this specific provider may increase the market share of buy now, pay later. Apple Pay Later rushed to a penetration rate not far behind Affirm, only months after launch. Wallets and credit cards: Less used than elsewhere North America's use of credit cards and digital wallets in online shopping was not the highest in the world. A global comparison in e-commerce payment behavior shows that credit cards accounted for ** percent of e-commerce payments in Latin America in 2022. North America's ** percent was on par with the Middle East and Africa (MEA). Wallets are noticeably more popular in Asia-Pacific than in North America - reaching a ** percent and ** percent market share, respectively. This popularity of wallets causes predictions to be that the number of cashless payments will increase much more in Asia-Pacific than in Europe and North America combined. BNPL and crypto: The way forward? Predictions are that eight out of 10 e-commerce vendors in the United States will offer buy now, pay later on their website come 2024. Respondents to a 2022 survey, especially, hoped to offer BNPL or cryptocurrency on their website within the next two years. One should note that the response pre-dated the fall of crypto exchange FTX. Additionally, the source does not clarify whether merchants would like to accept direct payments with Bitcoin or whether this involved a third-party payment aggregator.

The North America mobile payments market is experiencing robust growth, driven by the increasing adoption of smartphones, rising e-commerce transactions, and the expanding availability of user-friendly mobile payment applications. The market's Compound Annual Growth Rate (CAGR) of 22.30% from 2019 to 2024 suggests a significant upward trajectory. This growth is further fueled by factors such as enhanced security features, integration with loyalty programs, and the convenience offered by contactless payments, particularly prominent in the wake of the COVID-19 pandemic. The dominance of proximity payments (like Apple Pay and Google Pay) is expected to continue, however, remote payment methods are also showing considerable growth, driven by the expansion of online shopping and digital banking services. The United States, being the largest economy in North America, constitutes the lion's share of the market, with Canada exhibiting significant, albeit smaller, growth. Key players like Apple, Google, PayPal, and others are continuously innovating to enhance their offerings and expand their user bases, leading to intense competition and further market expansion. Looking ahead to 2025-2033, the market is projected to maintain its strong growth momentum, albeit at a potentially slightly moderated pace as the market matures. The increasing integration of mobile payments into everyday life, from transit systems to retail purchases, will continue to drive adoption. However, potential restraints such as cybersecurity concerns and the need for robust infrastructure to support widespread adoption will need to be addressed. Future growth will likely be influenced by the emergence of new technologies like biometric authentication and the expansion of mobile payment acceptance across various sectors. The focus on enhanced security measures and addressing consumer privacy concerns will be crucial for sustained market expansion throughout the forecast period. The continued expansion of digital financial services and increasing financial inclusion will also play a vital role in propelling the North American mobile payment market’s continued success. Recent developments include: May 2022 - Users can pay using Mastercard's biometric checkout technology by scanning their face or palm. Mastercard is testing new technology that allows shoppers to pay at the checkout with just their face or hand., September 2021 - PayPal launched its super app, combining payments, savings, bill pay, cryptocurrency, shopping, and other features. The first version of that app is now available. It includes various financial tools such as direct deposit, bill pay, a digital wallet, peer-to-peer payments, shopping tools, crypto capabilities, and more. In addition, the company announces a partnership with Synchrony Bank for its new high-yield savings account, PayPal Savings.. Key drivers for this market are: Growing Adoption of the Digitalization, Rise of Personal Financial Apps. Potential restraints include: Growing Adoption of the Digitalization, Rise of Personal Financial Apps. Notable trends are: The Rise of Contactless Payments in the U.S.

The United States Mobile PaymentsMarket is segmented by Type of Payment (Proximity and Remote).

The size of the US Payment Cards Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 6.00">> 6.00% during the forecast period. U.S. payment cards refer to cards issued by financial institutions in the United States that enable users to conduct financial transactions, including purchases, bill payments, and money transfers. These cards come in various forms, such as credit cards, debit cards, and prepaid cards. Each type of card functions differently: credit cards allow users to borrow money up to a certain limit and pay it back with or without interest; debit cards enable direct access to funds from the user’s bank account; and prepaid cards require the user to load funds onto the card before using it for purchases. Credit cards are widely used in the U.S. and offer revolving credit, where users can carry a balance from month to month. They often come with benefits like rewards programs, travel perks, and fraud protection. However, they also come with potential drawbacks, such as high-interest rates if balances are not paid in full. Debit cards, linked directly to a checking or savings account, are used to withdraw money from ATMs or to make purchases, with the transaction amount deducted immediately from the account. Prepaid cards are similar to debit cards but require users to load money onto the card before spending it. Recent developments include: On June 2022, Global digital payments firm Visa and Safaricom, the operator of the M-Pesa mobile money product, have today launched a virtual card, enabling millions of M-Pesa users to make digital payments globally including the US region. The virtual card will enable 30 million M-Pesa users to make cashless payments at Visa's global network of merchants. Users can activate the virtual card through the M-Pesa mobile app or by USSD., On April 2022, American Express Partners with Billtrust to offer suppliers a solution to accounts receivable challenges. B2B accounts receivable automation and integrated payments leader, to enable suppliers to streamline acceptance of American Express virtual cards. With this integration, suppliers will have the ability to automate and accelerate virtual card payments from customers while receiving a real-time view of their outstanding invoices and current cash flow.. Key drivers for this market are: Usage of Credit Card give the bonus and reward points. Potential restraints include: Interest rates on Credit Card. Notable trends are: Increase in the Penetration of Internet in the USA.

Electronic payments used to make payments (% age 15+) in United States was reported at 91.31 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. United States - 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.