Analyzing the impact of digital payments in Sports

Per GlobalData, the global digital payments industry is forecasted to grow at a CAGR of more than 20% by 2030. Sporting venues have lagged behind other industries in terms of adopting cashless methods of payment, particularly in North America, but the pandemic has ensured a significant change in this direction. Brands like PayPal and JP Morgan Chase have been successful in establishing a foothold in the sports sponsorship market, and there will be significant room to grow, given how much the industry is forecast to grow over the next decade.