Study: Digital Banking Market Is Expected to triple by 2025


Digital Banking Market Is Expected to Reach 16200 Million.

“Digital banking involves high levels of process automation and web-based services and may include APIs enabling cross-institutional service composition to deliver banking products and provide transactions.” –

North America market took up about 48.73% the global market in 2017, while Europe and Asia-Pacific were about 30.22%, 16.54%.
In 2018, the global Digital Banking market size was 5180 million US$ and it is expected to reach 16200 million US$ by the end of 2025, with a CAGR of 15.3% between 2019 and 2025.
Europes’ countries with the fastest development is Germany, UK and Spain.
One of the latest news on the payment market is the announcement of Wirecard regarding the Enhanced Mobile In-app Payment SDKs to Support Global Trend of Mobile Shopping. The new mobile payment SDK libraries for iOS and Android were created to enable merchants to integrate in-app payment options more easily as well as facilitate PCI compliance.
Also, mobile bill payment service Doxo launches Apple Pay Doxo is a web and mobile bill payment service. Today they announced the launch of Apple Pay, bringing the convenience of paying bills with just a glance or a touch on iPhone, iPad and Mac
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*This Automated News Alert is brought to you by DIGITAL BUSINESS JOURNAL™ alongside top analyses on digital business sector. We are scanning large amounts of data from various business sources and select the most relevant headlines providing the reader with a comprehensive & updated outlook.