CATEGORY

Digital Payment Services

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Category Alerts

CATEGORY ALERTS

Visa partners PayPal for interoperable P2P payments

April 12, 2023
alert level: Medium
CATEGORY ALERTS

UPI would be accepted in India as a form of payment for tourists from Australia and other G20 nations instead of cash.

February 14, 2023
alert level: High
CATEGORY ALERTS

Standard Chartered and Allinpay partnership enables cross-border QR payments

February 14, 2023
alert level: Medium

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Digital Payment Services Industry Benchmarks

Savings Achieved

(in %)

The average annual savings achieved in Digital Payment Services category is 6.20%

Payment Terms

(in days)

The industry average payment terms in Digital Payment Services category for the current quarter is 63.8 days

Compare your category performance against peers and industry benchmarks across 20+ parameters on Beroe LiVE.Ai™

Category Strategy and Flexibility

Engagement Model

Supply Assurance

Sourcing Process

Supplier Type

Pricing Model

Contract Length

SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

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    Digital Payment Services Suppliers

    7,948
    Total Suppliers
    232
    Diverse Suppliers
    66
    Normalized Supplier Rating
    Digital Payment Services Supplier

    Find the right-fit digital payment services supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

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    Sample Supplier
    Company
    American Express Company
    Location
    Jackson, Mississipi
    Duns number
    3862211
    D&B SER Rating
    dnb logo

    Up to 3 months

    1 9
    6
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile
    Company and Sector Performance
    42
    100
    Limited (1)
    ESG Perfomance (/100)
    Environment
    85
    Social
    31
    Governance
    48
    6 Domains Performance (/100)
    Business behaviour
    39
    Human rights
    47
    Community Environment
    26
    Corporate governance
    54
    Human resources
    21
    Security Scorecard
    90
    Threat indicators
    B
    83
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    A
    97
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    B
    86
    Application Security
    Detecting common website application vulnerbilities
    B
    86
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    A
    98
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    100
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked
    Industry Comparison
    amexglobalbusinesstravel.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    0
    Workforce Health Safety Issues
    0
    Product Service Issues
    12
    Human Rights Issues
    0
    Production Supply Chain Issues
    2
    Environmental Non Compliance Flags
    14
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    26
    Fraud Issues
    3
    Labor Health Safety Flags
    3
    Regulatory Issues
    22
    Workforce Disputes
    0
    Sanctions
    1
    esg energy transition
    86
    Discrimination Workforce Rights Issues
    3
    esg controversies critical severity
    No

    Digital Payment Services market report transcript

    Digital Payment Services Global Market Outlook:

    • It has been observed that 82 percent of the banking executives expect to increase their fintech partnerships in the next 3–4 years

    • It is expected that fintech will offer banks a speedy way to test and launch innovative services without having to complete their costly IT systems, while banks offer financial capital, an expanded customer base, and an imprimatur of greater legitimacy

    • The Global Digital Payments Market is estimated to reach USD 19.89 trillion by 2026 with a Compound Annual Growth Rate (CAGR) of 24.4%.

    • The demand for cashless payments over cash is being driven by greater convenience, favorable government policies, and evolving customer behavior

    Digital Payment Services Pricing Structure

    • It has been observed that 82 percent of the banking executives expect to increase their fintech partnerships in the next 3-4 years. The commission rates charged for the transactions Is expected to increase as the demand for digital payments is higher during the pandemic

    • It is expected that fintech will offer banks a speedy way to test and launch innovative services without having to completely their costly IT systems, while banks offer financial capital, an expanded customer base and an imprimatur of greater legitimacy

    Digital Payment Services Key Market Trends

    The North American region is projected to be dominant regional market due to the availability of highly advanced infrastructure presence and presence of established market players.

    Electronic & Contactless Payments

    • Two years into the pandemic,  there was an increase in the use of electronic and contactless payments, along with the launch of numerous new digital wallets. According to NMA, this widespread adoption will last through 2023.

    Biometric authentication

    • Biometric authentication has been rapidly emerging in 2022. It may develop into a dependable and secure solution for all digital payments made in 2022 as identity theft and fraud issues are on the rise.

    Increasing Demand for Point of Sale

    • The demand for POS has been increasing and around 1.6 billion global consumers are expected to pay with digital wallets at the point of sale (POS) in 2023, accounting for 30 percent of POS payments.

    Adoption of AI and Blockchain

    • AI can be used to improve the speed and efficiency of the payment process A new system of international settlements can be developed using the technology behind digital currencies and blockchains that will be far more practical and completely safe for its users.

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