Electronic Payments Market Report: Ken Research REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Payment Market: – The ultimatum for cashless payments, over cash, is being motivated by greater convenience, encouraging government policies, and progressing consumer behavior. The governments are also trying to decrease their cost of printing the currencies and counter the forged currency influx that interrupts the economic growth, with digitization, thereby, constructing an environment advantageous for cashless and digital payments. However, the credit and debit card business of Turkey has observed strong growth due to the growing value of transactions, the capacity of transactions, and cards in transmission. The debit card value of transactions increased at a rate quicker than that of credit cards, even when both modeled double-digit growth rates. Implementation of specific payment approaches in Turkey will inescapably be propelled by the fact that a great proportion of Turkish inhabitants remains without a bank account – just over a third of the populace is unbanked. The usage of cash is predominantly widespread for micropayments involving small and daily expenditures such as newspapers, taxi journeys, and coffees. The Payments Market Size of Turkey will have to work hard to alleviate Turkish shoppers over to digital approaches of paying for these items. In addition, the speedily growing digital payments industry across Asia has scaled up hurriedly over the last few years which has led to an augment in credit card utilization. The entire transaction value showcased great growth across Asia along with a CAGR of 14.2% for throughout 2013-2018. The augment of reasonable smartphones and succeeding internet and mobile penetration has led to momentous growth in the digital payments space. The individuals in these mature markets are conscious of digital payments and have increasingly embraced non-cash approaches over the years. The entire number of credit cards in circulation augmented at a CAGR of 12.9% throughout 2013-2018. The present utilization of cash in emerging regions exceeds 90.0%. They have seen some traction in the last few years, principally due to mobile and internet penetration and an aim on financial inclusion through mobile-based services. In most of the developed regions such as Singapore and Japan, more than 80.0% of adults have admittance to financial services. The Regulators and governments of emerging and underdeveloped countries can set up a discrete entity such as the National Payments Corporation of India (NPCI) to encourage retail payments and further augment the utilization and circulation of credit cards. Not only has this, but the initiation and malleability to non-cash payments have also decreased the dependency on cash for doing payments. At the end of 2018, nearly 80.0% of the money in transmission was witnessed to be non-cash. Instantaneously, the growth witnessed in cash in transmission was less than the growth in nominal GDP, demonstrating a modification in the consumer preferences to non-cash payments. The augment in the non-cash payments can be further accredited to the growing merchant reception and breakthrough innovations such as e-wallets, m-wallets, and contactless payments, which have encouraged easy and speedy manner of doing transactions. However, Russia has been characterized at the “Converging” stage for becoming cashless in nature. It is projected that the great commissions and tariffs charged from the merchants would comfort during the coming years in the wake of employment of white label schemes throughout the industry; thereby enabling the pain-points of merchants. The effective growth in penetration of smartphones around the globe and augment in the e-commerce industry in developing countries is the foremost factors propelling the growth of the market. In addition, an increase in the implementation of Mobile Payments Market Size emerging regions fuels the growth of the market. For More Information on the research report, refer to the below link: – Payments Market Research Report Related Reports by Ken Research: – Turkey Cards and Payments Market Outlook to 2023 – Rapid Acceptance of TROY Cards and Contactless Cards Coupled with Rising Penetration of Credit Cards to Drive Market Growth Estonia Cards & Payments: Opportunities and Risks to 2023 Indonesia Cards & Payments: Opportunities and Risks to 2023 Contact Us: – Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Electronic Payments Market Report, Future of Digital Payment Market, Mobile Payments Market Size, Payment Processing Market Analysis, Payments Industry Research Report, Payments Market Future Outlook, Payments Market Growth Rate, Payments Market Major Players, Payments Market Research Report, Payments Market Revenue Analysis, Payments Market Segmentation, Payments Market Share, Payments Market Size