Dynamic Checkout Market Poised for Exponential Growth, Driven by AI and Open Banking

The global dynamic checkout market is experiencing rapid transformation, with technological advancements and changing consumer expectations driving significant growth in online payment solutions. According to insights from Wallid.co, the market is set to expand dramatically, reaching $95 billion by 2030 with a compound annual growth rate of 15.8%.

Global e-commerce sales, which exceeded $6 trillion in 2024, are fueling this expansion. Mobile commerce now represents 58% of these sales, highlighting the critical need for mobile-first checkout experiences that are personalized, secure, and efficient.

Key market trends include the rise of AI-driven personalization, where checkout experiences are tailored to individual user behaviors. The Buy Now, Pay Later (BNPL) segment is expected to grow at a remarkable 28% CAGR over the next five years, indicating a significant shift in consumer payment preferences.

Emerging markets in Latin America, Southeast Asia, and Africa are projected to drive substantial growth. By 2030, an estimated 85% of dynamic checkout solutions are anticipated to leverage AI technologies for more personalized and secure transactions.

Open banking is also set to play a pivotal role, offering real-time payments and lower transaction fees, particularly in regions with limited credit card infrastructure. These innovations aim to address persistent challenges such as cart abandonment and provide more flexible payment options.

However, the market is not without obstacles. Regulatory scrutiny, cybersecurity threats, and the ongoing need to build consumer trust remain significant challenges that technology providers must navigate.

Ilya Mikin, CEO of Wallid.co, emphasizes the transformative potential of dynamic checkout solutions, stating that integrating open banking and artificial intelligence will be crucial in meeting the evolving demands of global consumers.