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Total transaction value in the Digital Payments market is projected to reach US$2,041.00bn in 2023. Total transaction value is expected to show an annual growth rate (CAGR 2023-2027) of 14.66% resulting in a projected total amount of US$3,528.00bn by 2027.

The report, titled Global Payments Report 2023 is being released today. BCG's 21st annual analysis of the global payments industry estimates that overall revenue growth will slow from today's levels to a compound annual growth rate (CAGR) of 6.2% between now and 2027, taking the global revenue pool to $2.2 trillion.

The global digital payment market size was accounted for USD 104.94 billion in 2022 and is expected to hit around USD 374.9 billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 17.25% from 2022 to 2030.

Real-Time Payments Market size was valued at 195,923 Million Transactions in 2022 and is projected to reach 1,455,253 Million Transactions by 2030, growing at a CAGR of 30.02% from 2024 to 2030. Real-time payment systems have the potential to significantly accelerate the payments industry's growth and innovation.

The payment processing value chain works together to enable merchants to accept credit cards and to ensure consumers have a safe, efficient, and secure way to pay. For this service, companies in the value chain split up an overall fee of around 2.12% of the transaction amount. This is just a rough estimate.

The global payment processing solutions market size is expected to grow from $90.42 billion in 2022 to $104.55 billion in 2023 at a compound annual growth rate (CAGR) of 15.6%.

The United States Payments Market is projected to register a CAGR of 23.5% during the forecast period (2023-2028).