The global payment security market is estimated to value USD 27 billion by 2023 with a CAGR of 17% from 2017-2023. The global payment security market 2020 is estimated to experience a rise in expansion in the forthcoming years. The payment security system is expanding due to the rising numbers of e-Commerce and m-commerce transactions. Additionally, tokenization technology is a unique concept to this market that facilitates and secures payment security and provides a simpler payment process. It provides customer authentication without bringing any impact on the transaction’s security.