About E Cash Payment Systems
E-cash is a form of an electronic payment system, where a certain amount of money is stored on a client's device and made accessible for online transactions. E Cash, also known as electronic cash, it is a digital money product that provides a way to pay for products and services without resorting to paper or coin currency. With flourishing e-commerce sector, E-Cash payment has witnessed widespread growth over the period, thereby paving way for online payment solutions. In addition, increasing cashless transactions across the world have brought the need for E Cash payment systems globally.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global E Cash Payment Systems market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Apple Pay (United States), Square Cash (Square, Inc.) (United States), Facebook Messenger payments (United States), Amazon Payments (United States), Venmo (PayPal) (United States), American Express Serve (United States), Google (United States), Samsung Pay (South Korea), Western Union (United States), Dwolla (United States) and Popmoney (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global E Cash Payment Systems market by Type (Digital checks, Debit cards, Credit cards and Stored value cards), Application (BFSI, IT & telecommunication, Healthcare, Transportation, Education and Others) and Region.
On the basis of geography, the market of E Cash Payment Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Payment, the sub-segment i.e. Person to Person will boost the E Cash Payment Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operating Device, the sub-segment i.e. Smart devices will boost the E Cash Payment Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Surging High-Speed Internet Infrastructure Across the World, Especially in Emerging Nations and Rapid Growth of Consulting Services for Software and Cloud Computing
Market Growth Drivers:
Rising Proliferation of Smartphones and User Facilitation of Payment and Massive Growth in E-Commerce and Rapid Adoption of Internet Banking in Both Developed and Developing Nations
Challenges:
Increasing Network Vulnerabilities, Data Breaches and Security Threats
Restraints:
Lack of Awareness Regarding e-E Cash Payment Systems in Underdeveloped Countries
Opportunities:
Growing Government Initiatives and Awareness in Developing Countries and Increasing International Transaction among Numerous Businesses
California Consumer Privacy Act (CCPA) is passing a law for protection of data in United States which will be effective by January, 2020. It is expected to be country’s highest commendable security and privacy law. Also, SEC is taking risk prohibiting steps to overcome breaches in financial sectors specific to public listed companies to increase risk assurance.
Key Target Audience
Providers of E Cash Payment Systems, International Electronic Payment System Providers, Research and Development Institutes, Potential Investors, Government Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.