Digital Payment & Security Market Is Booming Worldwide : Capital One, Chase Bank, Visa, Mastercard
NJ New Jersey, USA -- (SBWire) -- 11/24/2023 --Latest Study on Industrial Growth of Digital Payment & Security Market 2023-2028. A detailed study accumulated to offer Latest insights about acute features of the Digital Payment & Security market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary and SWOT analysis.
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Major players profiled in the study are:
Visa (United States), Mastercard (United States), Chase Bank (United States), American Express Company (United States), Discover Financial Services (United States), Citibank (United States), Capital One (United States), Bank of America Corporation (United States), Wells Fargo (United States), U.S. Bank (United States)
Scope of the Report of Digital Payment & Security
The pace of the shift to digital payment has significantly increased with the focus towards a cashless economy. Nowadays digital payment is becoming a key part of daily lives and impacting society, business and economy at large. Innovative use of technology has enabled digital payment infrastructure and the creation of innovative products such as mobile wallets, i.e. prepaid payment instruments. As rapid transactions to the digital payment ecosystem, threats are also moving from cash to cyber and the nascent ecosystem is already facing sophisticated cybersecurity. Digital payment features real-time, agile and personalized payment services. It entails the usage of the application program interface, blockchain technologies, and mobile wallets.
On Oct 20, 2019 - Mastercard unveiled Payment on Delivery, a new solution allowing businesses to pay a supplier in real-time when receiving goods or services.
In the United States, the rights and liabilities of both consumers and financial institutions involved in consumer electronic payment transactions, including funds transfer through the ACH, ATM or POS networks, are governed by the Electronic Fund Transfer Act of 1978 and the Federal Reserve's Regulation E. Regulation E also sets standards for financial disclosure, card issuance, access and error resolution procedures applicable to all financial institutions.
On Sept 12, 2019 - Visa announced that it has completed the acquisition of Verifi, a leader in technology solutions that reduce chargebacks.
On Sept 11, 2019 - Mastercard and R3 partner to develop a new blockchain-powered cross-border payment solution.
The Global Digital Payment & Security Market segments and Market Data Break Down are illuminated below:
by Password Security Type (3D Secured, Secure One Time Password (OTP), Finger Authentication), Transaction Platform (Online (Browser {Net Banking}, Mobile {App Based}), Offline), Card Type (Credit Cards, Debit Cards (Visa, Master, Amex), Others), Transaction Card on File Type (With Card on File, Without Card on File)
Market Opportunities:
- Growing Demand from Emerging Economies
Market Drivers:
- High Proliferation of Smartphones
- Worldwide Initiatives for the Promotion of Digital Payments
Market Trend:
- Advancement and Development in Technology to Offer Hassle-Free Transaction
What can be explored with the Digital Payment & Security Market Study?
- Gain Market Understanding
- Identify Growth Opportunities
- Analyze and Measure the Global Digital Payment & Security Market by Identifying Investment across various Industry Verticals
- Understand the Trends that will drive Future Changes in Digital Payment & Security
- Understand the Competitive Scenarios
- Track Right Markets
- Identify the Right Verticals
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
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Table of Contents
Global Digital Payment & Security Market Research Report
Chapter 1 Global Digital Payment & Security Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Productions, Revenue (Value) by Region
Chapter 5 Global Supplies (Production), Consumption, Export, Import by Regions
Chapter 6 Global Productions, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Digital Payment & Security Market Forecast
Finally, Digital Payment & Security Market is a valuable source of guidance for individuals and companies.
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