The global dynamic checkout market is on a trajectory to double its value by 2030, from $45 billion in 2025 to $95 billion, as per insights from Wallid, a leader in embedded finance solutions. This growth is fueled by the e-commerce sector, which surpassed $6 trillion in sales in 2024, with mobile commerce accounting for 58% of these transactions. The necessity for mobile-optimized payment solutions is more pronounced than ever, with the market sustaining a 16.2% compound annual growth rate since 2020.
Key factors influencing the dynamic checkout landscape include the adoption of artificial intelligence for advanced personalization, the surge in Buy Now, Pay Later (BNPL) services, and the implementation of stronger security protocols. The BNPL sector alone is projected to expand at a 28% CAGR over the next five years, reflecting a notable change in how consumers prefer to pay. Emerging economies in Latin America, Southeast Asia, and Africa are expected to be significant contributors to this growth. By 2030, it is anticipated that 85% of dynamic checkout solutions will utilize AI to offer tailored and secure transaction experiences.
Open banking is also identified as a crucial growth driver, offering the benefits of real-time payments and reduced transaction costs, especially in areas where credit card usage is limited. This innovation has the potential to make digital payments more accessible and streamline online transactions. However, the market is not without its challenges, including regulatory hurdles, cybersecurity risks, and the imperative to foster consumer confidence in emerging payment technologies. Ilya Mikin, CEO of Wallid.co, highlighted the transformative impact of dynamic checkout, underscoring the importance of integrating open banking and artificial intelligence to cater to the changing needs of consumers worldwide.
