The North America digital payment market size was approximately USD 38.80 Billion in 2025. The market is assessed to grow at a CAGR of 16.30% between 2026 and 2035, reaching a value of USD 175.64 Billion by 2035.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
16.3%
Value in USD Billion
2026-2035
*this image is indicative*
| Statistic | Value | Location | Year |
| Percentage of Americans using digital payment | 80% | USA | 2021 |
| Growth of online transfers by value | 19% | Canada | 2021-2022 |
| Areas of innovation with potential for future growth | BNPL financing, cryptocurrency | N/A | N/A |
Digital payments refer to monetary transactions where the transfer of funds takes place via electronic devices in possession of both the payer and the payee. The electronic or digital devices that support these transactions, include smartphones, computer, laptops, and a credit or debit card, among others. To tackle illegal activities including money laundering and corruption, the adoption of cashless payment methods is set to become popular. This can lead to vast changes in the financial landscape of North America’s digital payment market.
The market is being driven by the increased safety and flexibility associated with digital payments. The global transition towards cashless economies is also driving people towards the adoption of digital payments. Digital payments are easy to track and trace, provide a seamless experience of shopping/bill payments, and are encrypted for large and small value transactions. This is expected to drive their popularity in North America over the forecast period.
Rising popularity of BNPL financing model; increase in usage of cryptocurrency; preference for contactless payments; and a tech savvy younger generation are the major trends shaping the market growth trajectory
Many businesses are providing Buy Now Pay Later option, especially in Canada, to attract consumers and increase their sales.
The launch of consumer-friendly cryptocurrency trading platforms is accelerating the switch towards digital payments.
The preference for contactless payments, especially after the COVID-19 outbreak, has increased significantly, with contactless debit and credit cards being the popular choice.
Young people find digital payment methods, including net banking or digital wallets, much more convenient, which is gradually displacing cash as the primary payment method.
The growth in popularity of Buy Now Pay Later financing option is driven by its relatively easier credit terms as compared to credit cards. Consumers use it to finance high margin products, including laptops, fashionable clothes, and cosmetic products. Such innovations support the North America digital payment market development.
Moreover, inflation, currency devaluation, and political instability have challenged North American’s faith in traditional financial systems which is marking a shift towards block chain technology, including cryptocurrency. Improvements in user interface of cryptocurrency platforms have simplified trading, providing a safe storage space for people to manage their digital assets. This is expected to aid the North America digital payment market growth.
“North America Digital Payment Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Market Breakup by Solution
Market Breakup by Mode of Payment
Market Breakup by Deployment Mode
Market Breakup by Organisation Size
Market Breakup by End Use
Market Breakup by Region
Based on solution, the payment security and fraud management segment is expected to dominate the North America digital payment market
The payment security and fraud management segment is expected to lead the market. In 2020, the United States lost $4 billion to cybercrime because of vulnerabilities that remained unchecked in the existing payments security mechanism. The healthcare sector, in particular, reported high incidences of ransomware attacks.
In 2021, Canada lost $100 million to online fraud centering around investment and romance. Malicious attacks accounted for over 42% of data breaches which occurred in Canada. This is expected to enhance the adoption of strong payment security and fraud management software in North America digital payment market.
Small and medium enterprises are expected to boost their reliance on digital payments for internal operations and external dealings
Small and medium enterprises are expected to account for a major chunk of the North America digital payment market share. This is because digital transactions reduce paperwork and processing fees and facilitate faster reconciliation of bank account statements. It also enables businesses to leverage consumer’s digital footprint to personalise products and services and increase conversion rates. The development of digital fraud prevention tools and software has boosted the adoption of digital payment methods by small enterprises, improving the security of all online transactions and enhancing consumer confidence. Meanwhile, the reliance of large enterprises on digital payment systems and databases is expected to remain higher in the forecast period as well, as these solutions enable businesses to reduce the number of declined transactions caused by invalid card details.
Collaborations among market players, banks, and the government are expected to be crucial in accelerating the transition towards a cashless economy and improving the accessibility, transparency, and security of digital transactions
| Company | Founded | Headquarters | Services |
| JPMorgan Chase & Co. | 1799 | New York, United States | Investment banking, asset management |
| Fiserv, Inc. | 1984 | Brookfield, Wisconsin | Payment processing, transaction risk management, customer service, channel management |
| Global Payments Inc. | 1970 | Georgia, United States | High technology enabled software solutions |
| Visa Inc. | 2007 | San Francisco, United States | Connects financial institutions, government entities, consumers, businesses, and merchants digitally |
Other notable players operating in the North America digital payment market include Apple Inc., PayPal Holdings Inc., Samsung Electronics Co. Ltd., Mastercard Inc., Aurus Inc., Adyen N.V., and ACI Worldwide, Inc., among others.
Depending upon their requirements, Canadians use a variety of digital payment options, aiding the North America digital payment market expansion. For instance, mobile payments can be utilised for point-of-sale purchases and person to person payments, while electronic fund transfers can be utilised for work payments.
More than 50% Canadians prefer paying for their credit card bills, government taxes, and household rent in real time. This is expected to make the nation an important market for digital payments over the forecast period. Online transfers recorded a growth of 11% and 19% from 2021 to 2022 in terms of volume and value, respectively. The increased safety, convenience, and high speed associated with digital payments is leading to a surge in its adoption.
Digital Payment Solutions Market
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2025, the market reached an approximate value of USD 38.80 Billion.
The market is estimated to grow at a CAGR of 16.30% between 2026 and 2035.
The market is estimated to witness a healthy growth during 2026-2035 to reach around USD 175.64 Billion by 2035.
The market is being driven by the growing convenience and flexibility of digital payments, and reduced risk of theft associated with it.
The key trends aiding the market include rising popularity of BNPL financing model, increase in usage of cryptocurrency, preference for contactless payments, and a tech savvy younger generation.
The major solutions include application program interface, payment gateway, payment processing, payment security and fraud management, and transaction risk management, among others.
The major modes of digital payments include bank cards, digital wallets, digital currencies, and net banking, among others.
The major players in the market are Apple Inc., PayPal Holdings Inc., Samsung Electronics Co. Ltd., Mastercard Inc., Visa Inc., JPMorgan Chase & Co., Fiserv, Inc., Aurus Inc., Adyen N.V., Global Payments Inc., and ACI Worldwide, Inc., among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Solution |
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| Breakup by Mode of Payment |
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| Breakup by Deployment Mode |
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| Breakup by Organisation Size |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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