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Payment Security Market Growth with Latest Trend And Research Report – 2028

The Payment Security Market is expected to hit $54.1 billion by 2028, growing at a CAGR of 16.5% between 2021 and 2028. The market’s growth is driven by the increased adoption of digital payments, adherence to PCI DSS guidelines, and heightened cyber-attacks. COVID-19 has also boosted digital payments usage, with firms like PhonePe, Paytm, and Amazon Pay reporting a roughly 50% increase in transactions. However, low awareness of online payments in rural areas and the high costs of advanced payment security solutions pose significant challenges to market growth.

Source: www.benzinga.com –

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