Europe Payments Market - Growth, Trends, COVID-19 Impact and Forecasts (2022 - 2027)
The European payments market is expected to grow at a CAGR of 15.83% over the forecast period (2022 - 2027). Digital wallets are reshaping the European payments market. European digital and mobile payment transaction value has increased by more than 30% in the last three years. These payment methods are becoming increasingly popular today and by 2023.
Key HighlightsPaypal dominates the digital wallet market, as it does in other large European markets. The European payments market is becoming more competitive, with new entrants such as Google Pay, Apple Pay, and Amazon Pay showing significant challenges. Furthermore, in almost every European country, PayPal and Visa are the most popular payment methods for online shopping.
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