Future of Digital Payment Market | Payments Market share: Ken Research
Digital payment is a process of payment made by using digital modes and procuring a product or the service. During the payment, no hard cash activities are involved in the digital payments made, and transactions are processed online. The wide-scale use of mobile payments and other digital innovations have further transformed the digital payment methods by adopting key advanced technologies associated with blockchain, Artificial Intelligence (AI), and machine learning. Moreover, the use of such technologies has made transactions have made it convenient and secured to use digital payment use. Moreover, the modernization of the traditional payment infrastructure also plays an important role in determining the future of the digital payment market evolution. Further, the digital payment also refers to cashless electronic monetary transactions. The digital payments also include the monetary transactions made over the Internet and payments made at the point of sale (PoS) by using mobile a