{"id":9351,"date":"2020-12-29T08:00:13","date_gmt":"2020-12-29T06:00:13","guid":{"rendered":"https:\/\/sijoitusrahastot.org\/?p=9351"},"modified":"2021-01-05T11:41:55","modified_gmt":"2021-01-05T09:41:55","slug":"global-digital-payments-market-to-grow-by-23-7-in-2020-to-4-9-trillion","status":"publish","type":"post","link":"https:\/\/sijoitusrahastot.org\/global-digital-payments-market-to-grow-by-23-7-in-2020-to-4-9-trillion\/","title":{"rendered":"Global Digital Payments Market to Grow by 23.7% in 2024 to $4.9 Trillion"},"content":{"rendered":"\n

While it was already under way prior to the pandemic, the global shift to digital payments has been positively affected by the crisis.<\/p>\n\n\n\n

According to the research data analyzed and published by Finnish website Sijoitusrahastot<\/a>, it is among the fintech verticals reporting the highest growth in 2020. The report reveals that during the first half of the year, digital payments grew by 21% year-over-year (YoY) in terms of transaction volume.<\/p>\n\n\n\n

Other verticals showing remarkable growth included digital custody (36%), digital asset exchange (33%), digital savings (26%) and WealthTech (24%).<\/p>\n\n\n\n

According to Statista, the total transaction value in digital payments is projected to grow at 23.7% in 2020 to reach $4.93 trillion. The number of digital payment users is forecast to increase by 10.1% YoY to reach 3.47 billion in 2020.<\/p>\n\n\n\n

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