Global Payments Landscape Market Size Hit USD 311.19 Billion at a CAGR of 15.0% in 2030 | Mastercard, Novatti Group Ltd.
Market Size – USD 88.05 Billion in 2021, Market Growth – at a CAGR of 15.0% Market Trend – Proliferation of smartphones enabling m-Commerce growth The global payments landscape market size is expected to reach USD 311.19 Billion in 2030 and register a revenue CAGR of 15.0% over the forecast period, according to latest report by Reports and Data. Increasing use of smartphones, especially in developing countries, is a key factor expected to drive market revenue growth. Rising use of technology for payments is the latest trend observed in this market, and the newer generation, being increasingly tech-savvy, use smartphones for various purposes, such as paying bills, shopping online, and even for peer-to-peer payments. Moreover, cryptocurrencies, such as bitcoins and digital wallets, including GooglePay and Paytm, are being increasingly promoted. The rise of e-commerce and adoption of embedded payment systems is another factor driving revenue growth of the global payments landscape mar