North America Payments Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The North America Payments Market Size is Segmented by Mode of Payment (Point of Sale (Card Payments, Digital Wallet, Cash, Others), Online Sale (Card Payments, Digital Wallet, Others)), and End-User Industries (Retail, Entertainment, Healthcare, Hospitality, Others) and Geography (US and Canada). the Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

North America Payments Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

North America Payments Market Size

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North America Payments Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 429.65 Billion
Market Size (2030) USD 706.23 Billion
CAGR (2025 - 2030) 10.45 %
Market Concentration Low

Major Players

North America Payments Market Major Players

*Disclaimer: Major Players sorted in no particular order

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North America Payments Market Analysis

The North America Payments Market size is estimated at USD 429.65 billion in 2025, and is expected to reach USD 706.23 billion by 2030, at a CAGR of 10.45% during the forecast period (2025-2030).

In the United States, American Express is a significant credit card corporation. It is well-known for offering exceptional customer service as well as some of the greatest incentives. From ultra-elite corporate travel cards to daily rewards, American Express has a credit card to fit every cardholder. Credit card issuers (or providing banks) are the institutions (banks or credit unions) from whom credit cards are obtained. The largest banks in the United States are Chase and Citi, while the largest in Canada are TD and RBC. The issuing bank has the authority to set the interest rate, the limit, international fees, and so on.

  • Using biometric authentication technologies in transactions is a major trend that is gaining traction in the payments industry. Biometric authentication is an essential payment technique that combines and provides accuracy, effectiveness, and security in a single package. For instance, in December 2023, FortressPay announced the launch of an enterprise-ready biometric payment platform. With its new Payment Identity platform, FortressPay aims to provide a frictionless customer experience while eliminating payment fraud. 
  • The payments industry is significantly shifting in both the consumer and business sectors. The rise of real-time payments, more access to and use of customer data, increasing consumer choice among digital and conventional payment methods, and growing rivalry and collaboration between internet behemoths and traditional banks are all hot subjects. These new and ongoing trends are requiring firms to reassess their business strategies in order to foster innovation and client acceptability.
  • Technical advancements in the North American digital payment sector are projected to generate attractive development prospects for the market. This platform allows you to divide payments for online purchases using a combination of debit and credit cards with no interest or additional fees. As a result, the platform is expected to assist users in reducing the cost load on individual cards, increasing financial privacy, and building credit ratings.
  • The COVID-19 pandemic significantly impacted the payment industry in North America. Lockdowns and business closures prevented people from making in-person purchases and altered how they transacted before the outbreak. While overall spending fell due to concerns about the economy and personal finances, people spent more money online, hastening the transition from cash to digital payments. There appears to have been a significant increase in contactless payment solutions, such as cards, smartphones, and wearable devices.

North America Payments Industry Overview

The North American Payments market is highly competitive, with key players such as Apple Pay, Samsung Pay, Amazon Pay, Google Pay, and many others in the region developing new e-commerce solutions for a wide range of end-user applications. Companies are also investing and forming partnerships in the continent to expand their businesses and provide e-commerce platforms to the country's people.

  • June 2023 - Amazon Pay announced its partnership with BNPL outlet Affirm. With this partnership, Amazon Pay offers buy-now-pay-later (BNPL) services to small business owners using its online store. 
  • March 2023 - Apple Inc. introduced Apple Pay Later in the U.S. designed with users’ financial health, It also allows users to split purchases into four payments, spread over six weeks with no interest and no fees. Users can easily track, manage, and repay their Apple Pay later loans in one convenient location in Apple Wallet.

North America Payments Market Leaders

  1. PayPal Holdings Inc.

  2. MasterCard Incorporated (MasterCard)

  3. Dwolla

  4. Amazon.com Inc.

  5. Visa Inc.

  6. *Disclaimer: Major Players sorted in no particular order
North America Payments Market.jpg
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North America Payments Market News

  • August 2023 - PayPal announced the launch of stablecoin digital currency, which will be backed by US dollars and used for transactions on its global online payments platform. The stablecoin, known as PayPal USD, will be issued by Paxos Trust Co. and will be backed by US dollar deposits and short-term US Treasuries.
  • September 2023 - PayPal introduces Web3 Payment On and Off Ramps. With this launch, the company will connect their customers' ability to buy and sell supported cryptocurrency in the United States to the PayPal On and Off Ramps. It will assist web3 merchants in expanding their user base by connecting them to PayPal's quick and seamless payment experience.

North America Payments Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definitions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Stakeholder Analysis
  • 4.3 Industry Attractiveness-Porter's Five Forces Analysis
    • 4.3.1 Bargaining Power of Suppliers
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Threat of New Entrants
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry
  • 4.4 Evolution of the payments landscape in North America
  • 4.5 Key market trends pertaining to the growth of cashless transaction in North America
  • 4.6 Impact of COVID-19 on the payments market in North America

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 High Proliferation of E-commerce, Including the Rise of M-commerce
    • 5.1.2 Smartphone Growth and Electronic Initiatives in the payment market
    • 5.1.3 Increase in Real-Time Payments
  • 5.2 Market Challenges
    • 5.2.1 Data security risks
  • 5.3 Market Opportunities
    • 5.3.1 Transformation to a Cashless Society
    • 5.3.2 New players in the payment market may drive innovation leading to greater adoption.
  • 5.4 Key Regulations and Standards in the Digital Payments Industry
  • 5.5 Analysis of major case studies and use-cases
  • 5.6 Analysis of key demographic trends and patterns related to payments industry in North America (Coverage to include Population, Internet Penetration, Banking Penetration/Unbanking Population, Age & Income etc.)
  • 5.7 Analysis of the increasing emphasis on customer satisfaction and convergence of global trends in North America
  • 5.8 Analysis of cash displacement and rise of contactless payment modes in North America

6. Market Segmentation

  • 6.1 By Mode of Payment
    • 6.1.1 Point of Sale
    • 6.1.1.1 Card Payments (includes Debit Cards, Credit Cards, Bank Financing Prepaid Cards)
    • 6.1.1.2 Digital Wallet (includes Mobile Wallets)
    • 6.1.1.3 Cash
    • 6.1.1.4 Others
    • 6.1.2 Online Sale
    • 6.1.2.1 Card Payments (includes Debit Cards, Credit Cards, Bank Financing Prepaid Cards)
    • 6.1.2.2 Digital Wallet (includes Mobile Wallets)
    • 6.1.2.3 Others (includes Cash on Delivery, Bank Transfer, and Buy Now, Pay Later)
  • 6.2 By End-user Industry
    • 6.2.1 Retail
    • 6.2.2 Entertainment
    • 6.2.3 Healthcare
    • 6.2.4 Hospitality
    • 6.2.5 Other End-user Industries
  • 6.3 By Country
    • 6.3.1 United States
    • 6.3.2 Canada

7. Competitive Landscape

  • 7.1 Company Profiles
    • 7.1.1 PayPal Holdings Inc.
    • 7.1.2 MasterCard Incorporated (MasterCard)
    • 7.1.3 Dwolla
    • 7.1.4 Amazon.com Inc.
    • 7.1.5 Visa Inc.
    • 7.1.6 Alipay.com Co. Ltd
    • 7.1.7 Alphabet Inc. (Apple Pay)
    • 7.1.8 Google Pay (Google LLC)
    • 7.1.9 Beacon Payments LLC
    • 7.1.10 Interac Corp.
  • *List Not Exhaustive

8. Investment Analysis

9. Future Outlook of the Market

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North America Payments Industry Segmentation

Payment instruments are mechanisms that allow monies in accounts at credit, payment, or similar organizations to be transferred to a payee in response to a payment order. Credit transfer, check payment, direct debit, and a cash deposit are the most common payment methods. Credit transfer is the payment technique of transferring credit from one bank to another. The North American payments market is segmented by mode of payment (point of sale (card payments, digital wallet, cash, others), online sale (card payments, digital wallet, others)), and end-user industries (retail, entertainment, healthcare, hospitality, others) and geography (U.S. and Canada).

The market scope excludes online purchases of motor vehicles, real estate, utility bill payments (such as water, heating, and electricity), mortgage payments, loans, credit card bills, or purchases of shares and bonds. As for Point-of-Sale, all transactions that occur at the physical point of sale are included in the market scope. It includes traditional in-store transactions and all face-to-face transactions regardless of the location of the transaction. Cash is also considered for both cases (cash-on-delivery for e-commerce sales).

The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By Mode of Payment Point of Sale Card Payments (includes Debit Cards, Credit Cards, Bank Financing Prepaid Cards)
Digital Wallet (includes Mobile Wallets)
Cash
Others
Online Sale Card Payments (includes Debit Cards, Credit Cards, Bank Financing Prepaid Cards)
Digital Wallet (includes Mobile Wallets)
Others (includes Cash on Delivery, Bank Transfer, and Buy Now, Pay Later)
By End-user Industry Retail
Entertainment
Healthcare
Hospitality
Other End-user Industries
By Country United States
Canada
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North America Payments Market Research FAQs

How big is the North America Payments Market?

The North America Payments Market size is expected to reach USD 429.65 billion in 2025 and grow at a CAGR of 10.45% to reach USD 706.23 billion by 2030.

What is the current North America Payments Market size?

In 2025, the North America Payments Market size is expected to reach USD 429.65 billion.

Who are the key players in North America Payments Market?

PayPal Holdings Inc., MasterCard Incorporated (MasterCard), Dwolla, Amazon.com Inc. and Visa Inc. are the major companies operating in the North America Payments Market.

What years does this North America Payments Market cover, and what was the market size in 2024?

In 2024, the North America Payments Market size was estimated at USD 384.75 billion. The report covers the North America Payments Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the North America Payments Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

North America Payments Industry Report

Statistics for the 2025 North America Payments market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Payments analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.