Payment Processing Solutions Market worth $147.4 billion by 2027 – Exclusive Report by MarketsandMarkets™
Chicago, July 25, 2022 (GLOBE NEWSWIRE) — Payment Processing Solutions Market size to grow from USD 90.9 billion in 2022 to USD 147.4 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 10.1% during the forecast period according to a new report by MarketsandMarkets™.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=751866
Browse in-depth TOC on “Payment Processing Solutions Market”
288 – Tables
42 – Figures
291 – Pages
Scope of the Report
|Market size available for years||2017-2027|
|Base year considered||2021|
|Forecast units||Value (USD Million)|
|Segments covered||By Payment method, Deployment type, Vertical and Region|
|Regions covered||North America, Europe, Asia Pacific, Middle East and Africa, and Latin America|
|Companies covered||PayPal (US), Fiserv (US), FIS (US), Square (US), Global Payments (US), Wirecard (Germany), ACI Worldwide (US), MasterCard (US), Visa (US), Stripe (US),CCBill(US), PayU (Netherlands), Authorize.Net(US), Jack Henry & Associates (US), Alipay(China), Paysafe (UK), BlueSnap(US), Secure Payment Systems(US), Worldline(France), Spreedly(US), Fattmerchant(US), PayTrace(US), Dwolla (US), PayProTec(US), SignaPay(US), Klik&Pay(Switzerland), Finix Payments(US), Due(US), PhonePe(India), Modulr(England), Pineapple Payments(US),Razorpay(India), MuchBetter(England), PayKickstart(US), Aeropay(US), Sila(US).|
Payment processing solutions provide a connection between the issuer bank and the merchant bank. It also enables merchants to receive payments. Payment processing solutions offer a secure and scalable processing platform that processes domestic, inter-regional, and international credit and debit card, ACH, eWallet, and other transactions such as bank transfers, checks-to-ACH, and prepaid debit card transactions. The payment processor takes the info about the transaction from the payment gateway, validates it, executes it, and then deposits the funds into the merchant account. It also notifies the payment gateway if the transaction was successful. These solutions enable merchants to accept payment through various modes, such as credit cards, debit cards, ACH, eWallet, and other transaction transfers.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=751866
The cloud-based segment is expected to account for the largest market share in the payment processing solutions market. Several vendors in the market are offers payment solutions through the public and private cloud. Cloud-based payment solutions are available in various subscriptions and pay-per-use models. These solutions empower businesses to invest in payment technologies according to their specific requirements. Cloud-based deployment helps SMEs avoid upfront costs associated with hardware, software, storage, and technical staff.
By payment method, eWallet are expected to hold a larger CAGR. eWallet is a way of holding digital card information in a digital form on a mobile device. To make purchases, people can pay in a different ways with their tablets, smartwatches, or smartphones. Normally, eWallet is a payment service through which individuals and businesses which can send and receive money through a mobile device.
Asia Pacific is estimated to be the largest growing market for payment processing solutions market. These solutions are projected to grow at the highest rate in emerging economies such as China, Japan, and India. The rising demand for advanced solutions, which are cloud-driven and cloud-supported, has resulted in the increasing demand for payment solutions and services in Asia Pacific, thereby resulting in increasing investments and technological advancements across the region.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=751866
Key and innovative vendors in the Payment Processing Solutions Market are PayPal (US), Fiserv (US), FIS (US), Square (US), Global Payments (US), Wirecard (Germany), ACI Worldwide (US), MasterCard (US), Visa (US), Stripe (US),CCBill(US), PayU (Netherlands), Authorize.Net(US), Jack Henry & Associates (US), Alipay(China), Paysafe (UK), BlueSnap(US), Secure Payment Systems(US), Worldline(France), Spreedly(US), Fattmerchant(US), PayTrace(US), Dwolla (US), PayProTec(US), SignaPay(US), Klik&Pay(Switzerland), Finix Payments(US), Due(US), PhonePe(India), Modulr(England), Pineapple Payments(US),Razorpay(India), MuchBetter(England), PayKickstart(US), Aeropay(US), Sila(US).
Browse Adjacent Markets: Software and Services Market Research Reports & Consulting
Digital Payment Market by Component (Solutions (Payment Processing, Payment Gateway, Payment Wallet, POS Solution, Payment Security and Fraud Management) and Services), Deployment Mode, Organization Size, Vertical and Region – Global Forecast to 2026
Real-Time Payments Market by Nature of Payment (P2P, P2B & B2P), Component (Solutions (Payment Gateway, Payment Processing & Payment Security & Fraud Management) & Services), Deployment Mode, Enterprise Size, Vertical, & Region – Global Forecast to 2023
CONTACT: About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: [email protected]