In a world becoming progressively cashless, digital payments have emerged as the silent revolution propelling our economic engagements into the future. Trading cash for convenience, security, and speed, digital transactions have gained tremendous momentum in recent years. In this blog post, we will take an in-depth look at the digital payments market, unveiling a plethora of groundbreaking global statistics that showcase its implausible growth, current size, and scrupulous projections. This comprehensive analysis will offer valuable insights to investors, industry professionals, and digital-enthusiasts alike, illuminating the vast revenue-making potential that this remarkable digital revolution holds. Fasten your seat belts as we journey through the intricacies of the global digital payments market.

The Latest Digital Payments Market Size Statistics Unveiled

The digital payments market size was valued at USD 58.30 billion in 2020.

Undeniably, the valuation of the digital payments market at USD 58.30 billion in 2020 stands as a colossal testament to the worldwide shift towards cashless transactions. Serving as the essence of an information-rich blog post on this subject, its sheer magnitude reflects an intriguing narrative of progression in digital technological integration. Furthermore, it sets the stage for captivated readers to comprehend the gargantuan landscape of digital payments, prompting them to marvel at the intricate web of digits and data entwined in their daily transactions.

The global digital payments market size is projected to reach USD 154.1 billion by 2025.

Envision a future where the hum of digital transactions drowns out the rustle of paper currency, a future where the digital payments market, like a rapidly spreading tree, extends its branches far and wide, reaching the majestic height of USD 154.1 billion by 2025. This staggering projection forms the beating heart of the blog post about digital payments market size statistics.

It is a beacon for investors who navigate the vast sea of financial market, a lodestar for entrepreneurs who seek to explore untapped industries and establish innovative startups. Moreover, from a consumer perspective, it signifies the accelerating pace of digital transformation augmenting the ease and convenience of transactions.

This remarkable statistic not only illustrates the enormous potential for growth and development in the digital payments industry, but it also represents a paradigm shift wherein the world transcends from tangible to digital. Its implications span across sectors, spurring technology advancement, introducing new market trends, and most importantly, redefining the shape of the global economy.

The digital payments market is projected to grow at a CAGR of 13.7% from 2020 to 2025.

Peering into the future of digital payments, one can’t overlook the staggering projection of a 13.7% CAGR from 2020 to 2025. This statistic not only provides a glimpse of the accelerating pace of digitization, but also singles out the digital payments sector as a catalyst in the business landscape’s transformative journey. Imagine the stories of innovation and growth it weaves for blog readers. It portrays the digital payments market not just as a growing entity, but a disruptive force reshaping our financial reality.

In 2020, China had the largest digital payments market worldwide, valued at 2.31 trillion USD.

Honoring the enormity of China’s influence in the global digital payments landscape, encapsulated by the staggering valuation of 2.31 trillion USD in 2020, delivers a potent testament to the overwhelming capabilities and potential of the digital payments market. Diving deep into this colossal figure, one can begin to grapple with the inescapable implications it holds for future prospects, competitiveness and dynamism within the arena of digital transactions. This undeniable supremacy, tantamount to a shot across the bow in the international monetary race, intricately threads the narrative of our blog post spotlighting the market size of digital payments globally. Not merely a number, this statistic resonates as a clarion call to all stakeholders, marking China’s command of the digital payments battlefield.

Global non-cash transactions surged nearly 14% from 2018-2019, the highest growth rate recorded in the past decade.

Highlighting the surge in global non-cash transactions by nearly 14% from 2018-2019, the highest growth rate recorded in the past decade, underscores the brisk transition narrative in the world economy. This shift towards digital payments reflects not merely a technology-empowered consumer behavioral change, but a broader seismic shift in the monetary landscape. Emphasizing this statistic provides a strong testament to the burgeoning digital payments market size, making it a compelling lynchpin in the global economic fabric. It showcases the sheer magnitude of the growing adaption and the vibrant potential of digital transactions, thereby serving as a valuable pointer for futuristic forecasts and strategies in the said market.

By the end of 2020, the United States had seen about $187.3 billion in mobile payment transaction values.

Underpinning the explosive growth of the digital payments ecosystem, the staggering $187.3 billion mobile payment transaction values in the United States by the end of 2020 elucidate the mounting reliance on and acceptance of non-traditional payment platforms. This titan-like leap mirrors both an unprecedented shift in consumer habit towards convenience and immediacy, and underscores the transformative potential embedded within this sector. In the context of a blog post assessing digital payment market size statistics, this metric functions as a significant pulse-check, simultaneously capturing the momentum and forecasting the immerging trends within the labyrinth of digital payments.

Digital payment transactions in India crossed 4.3 billion transactions worth $100 billion in December 2020.

Underlining the dynamic evolution of the digital payments landscape, a landmark achievement was witnessed in December 2020. The flurry of digital transactions in India spiraled to an impressive 4.3 billion, racing past a total value of $100 billion. This magnitude displays the sheer growth and reach of digital payments, transforming it into a marketplace titan. The numbers not only hint at the burgeoning usage of digital platforms but also mirror the upward trajectory of the digital finance economy. This makes it an essential highlight of any analysis on the digital payments market size statistics. It gives a perspective on the cyclopean scale and potential of this sector, adding gravity to the blog post, and presenting a vista of extraordinary opportunities in the fintech arena.

Contactless payments are expected to grow almost threefold, and could reach $18 trillion worldwide by 2025.

Analyzing this impactful statistic, we can explore the impressive trajectory of the digital payments realm. It forecasts an astonishing near-triple growth in the market, potentially touching the $18 trillion mark globally by 2025, underscoring the accelerated migration towards contactless payments. This illuminates not only the appetite for more seamless payment methods, but also the broad-scale influence of digital transformation. Through this lens, any discourse about digital payments becomes incomplete without acknowledging this growth factor. Therefore this statistic brings a crucial dimension to the blog post, crafting a broader picture of how rapidly the world is embracing digital payments – a discussion that’s pivotal in understanding the digital payments market size.

Mobile wallet transactions in Europe exceeded $1.9 billion in 2020, a 70% increase from 2019.

Reflecting on the surge of mobile wallet transactions in Europe, it is evident that 2020 was the year of digital revolution, marking a whiplash 70% jump from the previous year to cross a whopping $1.9 billion. This significant upswing reverberates the seismic shift in the digital payment landscape, underscoring the widening adoption and acceptance of mobile wallets. Through this lens, it’s abundantly clear that digital payments aren’t merely a passing trend, but rather an evolving norm, signalling the enormity of the digital payments market. So, one can easily decipher the vital contribution of such substantial growth toward inflating the size of this burgeoning market. Therefore, keeping a thumb on the pulse of these trends is crucial for stakeholders, to navigate and fine-tune their strategies amidst the disruptive waves of the digital payment evolution.

Global digital remittance is projected to reach $470 billion by 2025, growing at a CAGR of 23.5%.

Examining the given statistic breathes life into understanding the tremendous digital transformation that our global financial ecosystem is experiencing. Projecting a mammoth figure of $470 billion by 2025, it signals an epoch where digital remittances are not just an alternative, but a mainstream channel for fund transfers. The ascending trajectory, marked by an impressive CAGR of 23.5%, paints an image not just of growth, but of rapid acceleration.

In the canvas of a blog post discussing digital payments market size statistics, this information serves as a vivid splash of color, introducing the promise and dynamism of the digital remittance segment. Moreover, this exponential growth underscores shifting consumer behaviors and technological advancements, reinforcing how digital platforms are winning the payments race, eventually transforming the face of global commerce.

NFC mobile payment users are predicted to hit 1.2 billion users by 2025.

Highlighting a prediction of NFC mobile payment users reaching 1.2 billion by 2025 sends a clear signal about the staggering growth and acceptance of digital payments worldwide. It’s an impressive figure that underscores the rapid transformation of the financial landscape, painting a persuasive picture of the prospective proliferation of this technology. In a blog post discussing digital payments market size, such prediction partners up with the rest of the data to create a vivid image of an increasing shift towards cashless transactions and the blooming opportunities for businesses that might erupted from capitalizing on this trend. With this statistic, it’s not just about providing information, but it provokes profound thought and discussion about the future direction of digital payments market, thereby adding depth and substance to the blog post.

In 2021, 93.4% of internet users in China used a mobile payment service.

The tapestry of the online economy is woven with threads of evolving consumer behavior and strands of technological advancements. Trapped in this intricate weave is the booming trend of mobile payment services, coming alive in the bold colors of China’s internet usage. In 2021, a staggering 93.4% of Chinese internet users harnessed the power of these services. This magnetic pull toward digital wallets not only reveals the scale of consumer adoption in the world’s largest internet marketplace, but also paints the vibrant potential of the global digital payments industry. Enriched by this digital tidal wave, players in the industry now stare at a glittering sea of opportunities, as tantalizing as a treasure beneath the ocean depths. This digitization trend thus makes a clarion call to industry leaders and innovators, heralding the era of a cashless society with China at its spearhead.

As per a global survey in 2020, credit cards are the most preferred method of online payment with almost 42.8% of respondents.

Diving headfirst into the swirling stream of digital payment trend analysis, we encounter this glimmering gem of a statistic – the reigning champion of online payment methods in 2020 is the credit card, claiming the loyalty of roughly 42.8% of global survey respondents. This critical data point essentially sketches out the landscape of the digital payment battlefield: helping businesses, stakeholders, and even consumers to identify the current king of the hill.

By acknowledging this existing hegemony, one can strategize intelligently, dreaming up innovative ways to either support the reigning champion or to topple it. Whether you’re a business deciding which payment methods to accommodate, a tech firm deciding the next product to develop or a consumer wanting to align with the mainstream, this stat illuminates the way forward.

Furthermore, since market size is an amalgamation of demand and acceptance, this statistic insinuates a significant market readiness and trust vested in credit card usage. This indeed brings any discourse regarding market size to the intersection of opportunity and foresight.

By 2024, the Asia-Pacific digital payments market is projected to hit $60.5 billion.

Navigating through the future landscapes of digital payments, a prospective lighthouse guides us towards the Asia-Pacific region, which is poised with a thrilling potential to clock in a staggering $60.5 billion market size by 2024. Such a projection firmly plants Asia-Pacific as a dominant player and a prolific ground for thriving digital payment innovation. In the colorful tapestry of our blog post on digital payments market size statistics, it ignites essential conversations about market growth, propelling advancements in technology, and the unfolding opportunities for businesses venturing into digital payment technology. Exploring these possibilities takes us a step closer to understanding the dynamic terrain of digital economies worldwide.


In the end, the shift towards digital payments demonstrates our world’s rapid technological progress. The escalating digital payments market size statistics reflect not only changing consumer preferences but also the evolution of businesses to adjust and anticipate these trends. The continuous growth and adoption of digital payment methods are shaping the future of commerce on a global scale. By staying updated with these trends and data, businesses can strategically position themselves in the ongoing digital revolution and drive their success. As consumers increasingly value convenience, the relevance and dominance of digital payments are not likely to wane but continue to proliferate in the forthcoming years. The potential of the digital payments market is vast and holds exciting opportunities for everyone willing to adapt and evolve.


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