According to The Brainy Insights, the global digital payment market size is expected to grow from USD 102.60 billion in 2022 to USD 510.30 billion in 2032. This growth can be attributed to the rising demand for digital payment options among users, increasing internet connectivity, and the growing adoption of smartphones. However, factors like security issues and privacy concerns could restrain the market’s growth. Major players in the market include Wirecard AG, Paypal Holdings Inc, Visa Inc, and Mastercard Incorporated.
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