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Card Payments Market to Reach $38,325.4 billion by 2027 in the short run and $56,379.3 billion by 2033 Globally, at 6.9% CAGR: Allied Market Research

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The global card payments market is experiencing rapid growth due to increasing digital transactions, rising adoption of contactless payments, and expanding e-commerce activities. Governments and financial institutions are promoting digital payments, while innovations such as tokenization and biometric authentication enhance security, further driving market expansion.

WILMINGTON, Del., April 17, 2025 /PRNewswire/ — Allied Market Research published a report titled, “Card Payments Market – Global Opportunity Analysis and Industry Forecast, 2024-2033,” valued at $28,610.4 billion in 2023. The market is expected to grow at a CAGR of 6.9% from 2024 to 2033, reaching $56,379.3 billion by 2033. Key factors fueling this growth include the rise of fintech solutions, increase in merchant acceptance of digital payments, and the shift towards cashless economies.

Get a Sample Copy of this Report: https://www.alliedmarketresearch.com/request-sample/A324247

Report Overview:

The increasing penetration of smartphones and internet access has driven the demand for seamless, secure, and convenient payment solutions. Contactless payments, embedded finance, and virtual cards have further accelerated market expansion. In addition, regulatory support for digital transactions, the integration of artificial intelligence in fraud detection, and cross-border payment advancements are positively influencing growth.

However, cybersecurity threats, transaction processing costs, and regulatory compliance challenges pose potential restraints. Nevertheless, the rise of embedded payment solutions and open banking initiatives presents significant opportunities for market players.

Key Segmentation Overview: The card payments market is segmented into card type, transaction channel, end user, and region.

By Card Type: Debit Cards, Credit Cards, Prepaid CardsBy Transaction Type: Commercial Transaction, Consumer TransactionBy Region:North America (U.S., Canada, Mexico)Europe (Germany, UK, France, Italy, Spain, Rest of Europe)Asia-Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)LAMEA (Latin America, Middle East, Africa)

Market Highlights

By card type, the credit card segment dominated the market in 2023 and is expected to continue leading due to increasing consumer spending and rewards-based credit offerings.By transaction channel, the prepaid card segment witnessed significant growth due to rise in e-commerce transactions and mobile wallet integrations.

Report Coverage & Details:

Report Coverage

Details

Forecast Period

2024–2033

Base Year

2023

Market Size in 2023

$28,610.4 billion

Market Size in 2033

$56,379.3 billion

CAGR

6.9 %

No. of Pages in Report

376

Segments Covered

Card Type, Transaction Type, Region

Driver

Government Initiatives for Cashless Economy,Increase in e-commerce transactions,Advancements in Payment Technology

 

Opportunity

Expansion in Emerging Markets

Restraint

Cybersecurity risks, Transaction costs

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Factors Affecting Market Growth & Opportunities:

The rapid shift towards cashless transactions and digital banking has propelled the growth of the card payments market. Factors such as real-time payment systems, AI-driven fraud detection, and increasing consumer preference for credit-based spending are driving the market forward.

Embedded finance and fintech collaborations: Financial institutions are partnering with technology firms to introduce embedded card payment solutions, creating seamless checkout experiences.Regulatory support for digital payments: Governments worldwide are promoting financial inclusion and cashless economies through digital payment policies and incentives.Innovations in security and authentication: The integration of biometric authentication, tokenization, and blockchain technology enhances the security of card transactions, addressing fraud concerns.

However, challenges such as high transaction fees, regulatory complexities, and cybersecurity threats remain concerns for industry players. Financial institutions are focusing on AI-powered fraud prevention and blockchain-based secure transactions to mitigate risks.

Regulatory Landscape & Compliance:

The card payments industry is subject to strict regulatory frameworks that vary by region. Regulations such as the EU’s PSD2 (Revised Payment Services Directive) and the U.S. Dodd-Frank Act play a crucial role in shaping transaction security and competition. Compliance with PCI DSS (Payment Card Industry Data Security Standard) is mandatory for merchants and service providers to mitigate fraud risks.

Recent government policies promoting digital payments and open banking frameworks are fostering a competitive ecosystem, enabling greater innovation in the financial services sector.

Technological Innovations & Future Trends:

The integration of Artificial Intelligence (AI) and Machine Learning (ML) in fraud detection is enhancing security measures in card transactions.Blockchain and distributed ledger technologies are transforming cross-border payments by reducing transaction costs and increasing efficiency.Biometric payment authentication including fingerprint and facial recognition, is gaining traction as a replacement for traditional PIN-based authentication.The development of Central Bank Digital Currencies (CBDCs) is expected to influence the card payments market by offering alternatives to traditional payment methods.

Regional Insights

North America and Europe dominate the card payments market due to their mature financial ecosystems, widespread digital infrastructure, and high consumer preference for cashless transactions. Increase in the adoption of contactless payments, growth in e-commerce, and regulatory initiatives promoting secure transactions are key drivers in these regions. The U.S. leads the market with a high penetration of credit and debit cards, while Europe sees a strong adoption of digital wallets integrated with card payments.

Asia-Pacific and Latin America are witnessing rapid expansion, driven by rise in financial inclusion, government initiatives to promote digital payments, and surge in mobile-based transactions. Countries such as China, India, and Brazil are at the forefront, supported by fintech innovations, growth in smartphone penetration, and shift towards real-time payment solutions. The rise of QR-code-based payments and increase in merchant acceptance further fuel market growth.

As digital transformation accelerates globally, emerging markets are expected to drive the next wave of growth in the card payments industry.

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Key Players:

Major players in the card payments market Visa Inc., Mastercard Incorporated, American Express Company, Discover Financial Services, Barclays PLC, JPMorgan Chase & Co., Bank of America Corporation, UnionPay International, Citigroup Inc., Wells Fargo & Company, Capital One Financial Corporation, U.S. Bancorp, PNC Financial Services Group, Inc., Synchrony Financial, HSBC Holdings plc, Santander Group, Mitsubishi UFJ Financial Group, Inc., BNP Paribas, Royal Bank of Canada, and Australia and New Zealand Banking Group. These companies are focusing on expanding their service offerings, strategic partnerships, and enhancing cybersecurity measures.

Key Strategies Adopted by Competitors

In February 2025, PhonePe launched a device tokenization solution for credit and debit cards to enable users to tokenize them on the company’s application and use it seamlessly across various services on its platform like bill payments, recharges, booking travel tickets, and others. PhonePe is the first among companies that decided to offer direct solutions to customers without the need for a merchant’s reliance on third-party payment orchestration platforms.According to a report by Worldline, of the total card transactions of ₹12.66 trillion between June and December 2023, credit card transactions rose by 11% to ₹9.30 trillion between June and December 2023 in India 11% up from 2022.In February 2024, American Express and Delta Air Lines unveiled upgraded Delta SkyMiles American Express Cards, intended to improve the travel experience and provide everyday value to consumers and business owners.

Key Benefits for Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the card payments market analysis from 2023 to 2033 to identify the prevailing card payments market opportunities.The market research is offered along with information related to key drivers, restraints, and opportunities.Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.In-depth analysis of the card payments market segmentation assists to determine the prevailing market opportunities.Major countries in each region are mapped according to their revenue contribution to the global market.Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.The report includes the analysis of the regional as well as global card payments market trends, key players, market segments, application areas, and market growth strategies.

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Card Payments Market Report Highlights

Aspects Details

By Card Type

Credit CardDebit Card

Prepaid Card

By Transaction TypeCommercial TransactionConsumer Transaction

By Region

North America (U.S., Canada, Mexico)Europe (UK, Germany, France, Spain, Italy, Rest of Europe)Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)LAMEA (Latin America, Middle East, Africa)

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About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of ‘Market Research Reports Insights’ and ‘Business Intelligence Solutions’. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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Hilco Global Engaged by Stan Lee Holdings to Sell Rare & Valuable Intellectual Property Portfolio

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NEW YORK, July 24, 2026 /PRNewswire/ — Hilco Global, a diversified financial services company that delivers expert professional services and capital solutions to help clients maximize value and drive performance across the business lifecycle, is pleased to announce that its IP Services practice has been engaged by Stan Lee Holdings, Ltd. (“SLH”) to sell a legendary portfolio of intellectual property developed by Stan Lee, the iconic “father of the super hero.” Known as the Omniverse Collection created by Stan Lee, the portfolio represents a treasure trove of original characters and source material developed by Stan when he was leading Marvel Comics and when he built Stan Lee Entertainment – the first super hero animation studio created for the Internet age. This rare and valuable collection of Intellectual Property encompasses dozens of compelling super heroes and stories conceived by Stan from 1999 to 2001 as well as a franchise comprising over 50 well-known characters – the only franchise of Marvel-created characters not owned by Marvel. Full details of the collection, including the individual characters, franchises, and story properties it comprises, will be released in the coming weeks.

Through this collaboration, Hilco Global will work alongside SLH and former EVP of Marvel Entertainment Shirrel Rhoades to find a new home for a body of largely underleveraged super hero and other characters, as well as world-building intellectual property. Numerous supporting  scripts, episodes, and development materials spanning Stan Lee’s career are also part of the offering.

“The Omniverse Collection created by Stan Lee is one of the most significant super hero IP offerings of the decade,” said Eric Hurwitz, Senior Director of the Hilco Global IP Services practice. “This large, diverse portfolio presents the opportunity to capitalize on untapped material with an unmatched pedigree. A buyer essentially has a blank slate to bring these characters to fans worldwide and expand on Stan Lee’s legacy. Hilco Global is thrilled to bring these assets to market, leveraging deep experience across intellectual property and media valuation, licensing, and transaction execution.”

Among the intellectual property being offered is a hidden gem; a connected entertainment universe of Stan Lee’s own creation. “This one-of-a-kind IP collection illustrates just how far ahead Stan was in understanding the future of entertainment,” observed Shirrel Rhoades, who was handpicked by Stan Lee to succeed him as publisher of Marvel. “What we’re bringing to market isn’t a collection of isolated ideas. It’s pieces of one larger vision, a living digital universe in which characters can be created, experienced, and expanded across every form of media.”

Parties can reach out to Ehurwitz@hilcoglobal.com to register interest. More information about the offering, the individual properties within the collection, and the sale process will become available soon.

About Hilco Global:  Hilco Global, a subsidiary of ORIX Corporation USA, is a diversified financial services company that delivers integrated professional services and capital solutions that help clients maximize value and drive performance across the retail, commercial and industrial, real estate, manufacturing, and intellectual property sectors. Hilco Global provides a range of customized solutions to healthy, stressed, and distressed companies to resolve complex situations and enhance long-term enterprise value. Hilco Global works to deliver the best possible result by aligning interests with clients and providing strategic advice and, in many instances, the capital required to transact. Hilco Global is based in Northbrook, Illinois and has more than 810 professionals operating on four continents. Visit www.hilcoglobal.com

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SOURCE Hilco Trading, LLC

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GR0 to Acquire Ultimate AI’s Deployment Division and Launch GR0 AI, Turning Brands’ Existing Customer Data Into Revenue

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The new company pairs GR0’s performance marketing distribution with Ultimate Deployment’s AI agents and customer intelligence to build AI revenue systems for DTC and ecommerce brands; in one early deployment, AI-led customer conversations were associated with more than $350,000 in sales.

LOS ANGELES, July 24, 2026 /PRNewswire/ — GR0, the Los Angeles-based digital marketing agency, today announced plans to acquire Ultimate Deployment and launch GR0 AI, a new company that builds and deploys AI revenue systems for direct-to-consumer (DTC) and ecommerce brands. GR0 AI combines GR0’s performance marketing expertise, client relationships and sales infrastructure with Ultimate Deployment’s technology and experience deploying AI agents inside operating businesses.

“AI is creating an entirely new performance channel for brands,” said Jon Zacharias, co-founder and president of GR0. “Most companies already have the traffic, customer data and demand. What they’re missing is an intelligent system that knows who to contact, what to say and when to say it. GR0 AI turns the customer signals brands already own into personalized conversations and measurable revenue.”

The approach is already producing results. In one early deployment, AI-led customer conversations were associated with more than $350,000 in sales during a period in which the brand generated approximately $1 million in total revenue. GR0 AI deployments include attribution and incrementality reporting so brands can measure both assisted and directly generated revenue.

GR0 AI deploys inside a brand’s existing commerce, CRM, email, SMS, phone and customer-data infrastructure. Its systems:

Identify and prioritize high-intent customers and prospects Personalize outreach and follow-up based on customer behavior and company data Conduct two-way conversations across messaging channels, recovering revenue from abandoned carts, dormant customers and unconverted leads Escalate complex or high-value opportunities to human sales and support teams Measure the revenue associated with AI-driven interactions

“Most brands do not have a demand problem.  They already have thousands of customers and prospects sitting inside their systems,” said Ben Ganz, founder of Ultimate Deployment. “We build the company brain, unify the data and deploy AI employees that act on that intelligence. The opportunity falls into two buckets: recover the demand a brand has already earned, and make sure no new opportunity slips through the cracks. GR0 gives us the distribution, market access and operating experience to bring this to hundreds of brands.”

Ganz has spent his career at the intersection of entertainment and technology. He began as a producer on American Idol before moving into digital leadership at Fox, then founded VEGO Pictures, a digital production and technology company that worked with major entertainment and consumer brands and served as in-house production partner to Kevin Hart’s Laugh Out Loud Network. He also co-founded a virtual events company that produced digital graduation experiences for hundreds of thousands of students during the COVID-19 pandemic.

From there, Ganz and his team moved to the frontier of consumer AI, creating what FOX News called Hollywood’s first AI interactive voice experience. They powered AI personalities for creators with a combined audience of 100 million followers and engineered the world’s first AI assembly line for replicating personalities at scale, work the Hollywood Reporter recognized as the “Real-life Her.”  Ultimate Deployment then turned that conversational AI expertise toward the enterprise, building systems that connect company knowledge, customer data, and operational software with AI agents capable of performing real, meaningful business work.

“Ben and his team have built something with the potential to become a major new revenue channel for ecommerce companies,” Zacharias said. “We have seen very few offerings create this level of excitement among sophisticated performance marketers.”

Every GR0 AI engagement begins with an intensive discovery and implementation process: the team interviews key employees, maps the company’s systems and builds a centralized intelligence layer around the business. Lead scoring and prioritization are connected to the brand’s CRM before customer-facing AI agents go live.

“The technical opportunity is clear, and our job is to make it just as clear commercially,” said Kevin Miller, founder and CEO of GR0. “A brand that works with GR0 AI will know exactly what is being installed, how quickly it goes live and what revenue it is producing.”

The acquisition is expected to close this quarter, subject to completion of definitive agreements. Financial terms were not disclosed.

Brands interested in early GR0 AI deployments can learn more at www.gr0.com.

About GR0

GR0 is a full-service digital marketing agency that helps DTC and ecommerce brands accelerate growth through data-driven performance marketing, creative strategy and emerging technology. Co-founded by Kevin Miller and Jon Zacharias, GR0 provides services across SEO, Generative Engine Optimization, paid media, email, SMS, creative, affiliate and marketplace growth, and was among the first agencies to build a dedicated GEO practice, which is recognized by VentureBeat as one of America’s premier Generative Engine Optimization agencies. GR0 is headquartered in Los Angeles. Learn more at GR0.com.

About Ultimate Deployment

Ultimate Deployment builds AI employees for growing companies. Founded by Ben Ganz, the company captures how a business operates, organizes its institutional knowledge, connects its systems and deploys AI agents that perform real operational work across sales, customer experience, marketing, finance and internal teams.

Before its enterprise focus, Ultimate Deployment’s team built consumer AI at entertainment scale, creating Hollywood’s first interactive voice experience, powering AI personalities for creators with a combined audience of 100 million followers and engineering the world’s first AI assembly line for replicating personalities’ work featured by Fox News and recognized by The Hollywood Reporter as the real-life Her.

About Ultimate AI

Ultimate AI, founded by Ben Ganz, is a holding company building AI across consumer and enterprise. It launched during the first wave of consumer generative AI as an early AI super app, bringing more than 100 AI tools and assistants into a single consumer platform that peaked within the top 10 of its Apple App Store category, according to company data. The company then expanded into creator AI, developing technology that lets public figures build interactive AI experiences around their personality, voice, knowledge and content. In 2024, Ultimate AI created Pookie Tools (widely known as the Hawk Tuah AI app), whose launch generated more than 400 million organic social media views and more than 10,000 downloads in its first seven days with no paid marketing, according to company data. It went on to develop real-time voice and personality products, including an experience Fox News described as Hollywood’s first real-time AI experience.

Ultimate Deployment, the enterprise arm that GR0 is acquiring, formed in March 2026 following the release of frontier agentic models from Anthropic and OpenAI, and applies that technology inside operating companies. It builds AI employees that capture how a business operates, unify its data and systems, and perform real operational work across sales, customer experience, marketing, finance and internal teams.

Company: GR0
Media Contact Name: GR0 Agency
Media Contact Email: press@gr0.com
Phone: +1 (310) 439-1887
Address: Los Angeles, CA, USA
Website: https://gr0.com/

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SOURCE GR0.com LLC

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Tech Mahindra and Cisco Partner to Bring AI-Driven Security Service Edge to Global Enterprises

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PUNE, India, July 24, 2026 /PRNewswire/ — Tech Mahindra (NSE: TECHM), a leading global provider of technology consulting and digital solutions to enterprises across industries, announced a partnership with Cisco to deliver an AI-driven Security Service Edge (SSE) offering for global enterprises. The joint offering will help enterprises reduce security complexity, improve visibility and control, deliver seamless user access, and strengthen resilience as they scale cloud, hybrid work, and AI adoption.

The partnership combines Tech Mahindra’s global managed services, integration, and delivery expertise with Cisco’s industry-leading Security Service Edge (SSE) platform (Cisco Secure Access) to provide unified, cloud-native security and seamless zero-trust access across users, devices, networks, and locations. For Tech Mahindra, the partnership strengthens its cybersecurity portfolio with differentiated, high-value managed security services, expands its addressable market, and accelerates pipeline growth in cloud security.

Saket Singh, SVP & Business Head – Digital Core Services (Cloud, Infrastructure, Network and Cyber Security Services), Tech Mahindra, said, “As enterprises increasingly operate in hybrid and distributed environments, security must evolve from siloed controls to unified, cloud-native platforms. Fragmented tools, inconsistent user experiences, and rising threats are creating visibility and control gaps as applications are accessed from anywhere. Through our partnership with Cisco, we are combining advanced SSE capabilities with Tech Mahindra’s managed services expertise to simplify operations, strengthen zero-trust enforcement, and deliver consistent, AI-powered protection at scale.”

By integrating a secure web gateway, cloud access security broker (CASB), zero trust network access (ZTNA), firewall-as-a-service, data loss prevention (DLP), and much more into a single platform, the offering simplifies security operations and delivers AI-powered protection. Enterprises benefit from end-to-end visibility, faster deployment, and a streamlined path to modernizing their security architecture while accelerating secure cloud adoption and cyber resilience. Additionally, as enterprises inevitably step into the agentic era, this solution provides robust and rapidly expanding protections for the use of generative AI and AI agents.

Raj Chopra, SVP & Chief Product Officer, Cisco Security Business Group, said, “Enterprises don’t need another tool to stitch into an already complex security stack. They need a simpler way to secure how work actually happens across users, devices, applications, clouds, and increasingly AI agents. Cisco Secure Access brings zero trust, identity context, and AI-powered protection into one cloud-delivered platform, helping teams enforce policy consistently while giving users seamless access from anywhere. Together with Tech Mahindra’s global managed services and integration expertise, we can help organizations modernize security operations, accelerate secure cloud and AI adoption, and move with confidence in the agentic era.”

The integrated SSE solution reinforces Tech Mahindra and Cisco’s leadership in unified cloud-security, helping enterprises simplify secure access, strengthen resilience and accelerate digital transformation in an increasingly distributed and AI-driven world.

 

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SOURCE Tech Mahindra

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