The Europe digital payment market is expected to grow from US$ 25,079.22 million in 2021 to US$ 64,508.08 million by 2028; it is estimated to grow at a CAGR of 14.4% from 2021 to 2028.

Europe Digital Payment Market Introduction

The blurring lines between physical and digital commerce are leading to an increasing convergence of channels. The in-store shopping experience has moved considerably closer to the online experience, largely due to the strong push for contactless payments during the COVID-19 pandemic. Prior to the pandemic, contactless payments were already firmly established in certain European countries. For online payments, touchless payment methods and/or biometric identification are common. Additionally, mobile payments are growing in popularity due to their convenience and the increasing adoption of Original Equipment Manufacturer (OEM) Pay solutions as a retail payment option. In some nations, retailers and governments are proactively urging customers to opt for contactless payments and encouraging retailers to offer all necessary support. Many banks have also raised their contactless payment limits, reducing the need for touchpads or cash at the point of sale, thereby contributing to the growth of the European market.

Download our Sample PDF Report

@ https://www.businessmarketinsights.com/sample/TIPRE00027457

European governments understood that all businesses, regardless of their size and scope, required assistance during the COVID-19 outbreak. The crisis hindered the business operations of both public and private companies in the region. Russia, the UK, France, Italy, Spain, and Germany were among the European countries most severely impacted by the global outbreak. Businesses in the region encountered significant economic difficulties as they either ceased operations or substantially curtailed their activities. This business shutdown led to an economic deceleration in Europe during the first half of 2021. However, unlike other industries such as automotive and manufacturing, the software industry was not largely affected, as businesses allowed their employees to continue working from their homes.

Europe Digital Payment Strategic Insights

Strategic insights for the Europe Digital Payment market provide a data-driven analysis of the industry landscape, including current trends, major players, and regional specificities. These insights offer actionable recommendations, enabling readers to distinguish themselves from rivals by pinpointing untapped segments or crafting unique value propositions. Utilizing data analytics, these insights help industry participants anticipate market shifts, whether they are investors, manufacturers, or other stakeholders. A future-oriented perspective is vital, helping stakeholders foresee market changes and strategically position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Europe Digital Payment Market Segmentation     

Europe Digital Payment Market, by Component

Solution

Payment Gateway

Payment Processing

Payment Security and Fraud Management

Point of Sale

Payment Wallet

Services

Professional Services

Managed Services

Europe Digital Payment Market, by Deployment

On-Premise

Cloud-Based

Europe Digital Payment Market, by Organization Size

SMEs

Large Enterprises

Europe Digital Payment Market, by Industry

BFSI

Retail and Ecommerce

Healthcare

Travel and Hospitality

Media and Entertainment

IT and Telecom

Others

Europe Digital Payment Market, by Country

Germany

UK

France

Italy

Russia

Rest of Europe

Europe Digital Payment Market – Companies Mentioned

ACI Worldwide, Inc.

Adyen

Block, Inc.

Financial Software & Systems Pvt. Ltd.

Fiserv, Inc.

Global Payments Inc.

Novatti Group Ltd

PayPal Holdings, Inc.

Paysafe Limited   

PayU

About Us:

Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications