Payment Processing Solutions Market

Payment Processing Solutions Market by Payment Method (Debit Card, Credit Card, ACH, eWallet), Vertical (BFSI, Retail, Healthcare, Telecom, Travel & Hospitality, Real Estate), and Region(North America, Europe, APAC, RoW) - Global Forecast to 2028

Report Code: TC 7102 Jul, 2023, by marketsandmarkets.com

[256 Pages Report] The payment processing solutions market size is projected to grow from USD 103.2 billion in 2023 to USD 160.0 billion by 2028, at a CAGR of 9.2% during the forecast period. Governments and financial institutions globally are promoting cashless transactions to enhance transparency, combat financial crimes, and reduce the reliance on physical currency, contributing to the growth of payment processing solutions.

Payment Processing Solutions Market

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Payment Processing Solutions Market

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Payment Processing Solutions Market Dynamics

Driver: Increasing Focus on Security and Fraud Prevention

The increasing focus on security and fraud prevention in payment processing solutions is driven by the need to build consumer trust, protect sensitive payment information, and mitigate financial risks associated with fraudulent activities. By implementing robust security measures and fraud prevention techniques, payment processors and merchants can ensure secure and reliable payment transactions, fostering customer confidence in digital payment systems.

Encryption techniques ensure that payment data is transmitted securely between the customer, merchant, and payment processor. This encryption safeguards the payment information from unauthorized access or interception by encrypting it into unreadable code. Also, Two-factor authentication adds an extra layer of security to payment processing. It requires users to provide additional verification, such as a one-time password (OTP) sent to their registered mobile device and their regular login credentials. This authentication method helps ensure that only authorized users can initiate and complete payment transactions.

Restraint: Lack of digital literacy in emerging countries

Many emerging countries still lack digital literacy, which hinders the wide-scale adoption of online and mobile payments, and in turn, negatively impacts the market growth of payment processing solutions. Digital literacy comprises a wide range of skills, such as the ability to read and make sense of the technical knowledge that helps individuals operate and make use of digital technologies. Most countries in the African continent have a very low digital literacy rate, and due to this, individuals are unable to exploit the potential of digital technologies. Technology vendors are also hesitant in making investments due to the low number of digital transactions. Hence, low digital literacy in emerging countries is expected to slow down the growth of the payment processing solutions market.

Opportunity: Global e-commerce growth

The continuous growth of e-commerce presents a significant opportunity for payment processing solutions. As more businesses establish online presence and consumers increasingly shop online, the demand for secure, seamless, and reliable payment processing solutions will continue to rise. This includes supporting various payment methods, such as credit/debit cards, digital wallets, and alternative payment options, to cater to diverse customer preferences. Also, the increasing adoption of mobile payment methods in e-commerce sector offers a substantial opportunity for payment processing solutions. With the widespread use of smartphones and the convenience of mobile apps, consumers are increasingly embracing mobile payment solutions. Payment processors that offer robust mobile payment capabilities, including in-app payments and mobile point-of-sale (mPOS) solutions, can tap into this growing market segment.

Challenge: Regulatory compliance

The payment processing industry is subject to a complex and evolving regulatory landscape. Compliance with regulations such as Payment Card Industry Data Security Standard (PCI DSS), General Data Protection Regulation (GDPR), Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) and Know Your Customer (KYC) requirements can be challenging for payment processors and merchants. Adhering to these regulations requires significant investments in infrastructure, resources, and ongoing monitoring to ensure compliance, which can pose challenges, particularly for small businesses.

Some jurisdictions have regulations requiring the localization of payment data or imposing restrictions on cross-border data transfer. Compliance with these regulations can be challenging, particularly for global payment processors that process and store data across different locations. Payment processors must navigate these regulations while ensuring data security and implementing appropriate data transfer mechanisms, such as binding corporate rules or standard contractual clauses. Non-compliance with regulatory requirements can result in significant penalties, fines, reputational damage, and legal consequences. Payment processors must establish robust compliance programs, conduct internal audits, and implement effective risk management and monitoring systems to ensure regulation adherence. They must also keep track of regulatory updates and proactively address any compliance gaps.

Payment Processing Solutions Market Ecosystem

Prominent companies in this market include a well-established, financially stable provider of payment processing solutions. These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks. Prominent companies in this market include PayPal, Fiserv, global payments, and Mastercard.

Payment Processing Solutions Market

By payment method, eWallet method is expected to register higher CAGR during forecast period

eWallets have become instrumental in facilitating seamless and secure mobile payments, allowing users to make transactions conveniently using their smartphones or other mobile devices. With advanced security measures like encryption and tokenization, e-wallets instill trust in consumers and encourage the adoption of digital payment methods, fueling the demand for payment processing solutions supporting e-wallet transactions. Additionally, the rise of contactless payments, driven by e-wallets' integration with NFC technology and QR codes, further contributes to the market's growth. E-wallets have a global reach, enabling cross-border transactions and attracting businesses seeking to expand internationally. Loyalty programs and incentives offered by e-wallets also boost user engagement and drive the usage of these digital payment solutions. As e-wallet adoption continues to soar, payment processing solutions providers are incorporating e-wallet integration to meet the evolving demands of consumers and businesses alike.

Based on region, North America is the second is expected to hold the second largest market size during the forecast

The payment processing solutions market in North America is characterized by intense competition, primarily driven by the United States and Canada's strong emphasis on research and development (R&D) and innovation. North America has consistently been a global leader in payment technology and the retail and financial services sectors.

Various initiatives, including partnerships and collaborations propel the region's payment processing solutions market. In the United States, for example, strategic alliances are growing between payment processors and banks or card issuers. This collaboration is aimed at offering enhanced services to individuals and small businesses. One notable partnership between PayPal and several financial institutions enables individuals and small businesses to access their funds quickly through the Instant Transfer feature.

Payment Processing Solutions Market  Size, and Share

Market Players:

The major vendors in this market include PayPal (US), Fiserv (US), FIS (US), Global Payments (US), ACI Worldwide (US), Square (US), Mastercard (US), Visa (US), Adyen (Netherland), Stripe (US), PayU (Netherland), Jack Henry & Associates (US), Paysafe (UK), PhonePe (India), Razorpay (India), Secure Payment Systems (US), Worldline (France), Spreedly (US), Fattmerchant (US), North American Bancard (US), Dwolla (US), CCBill (US), Authorize.Net (US), Alipay (China), PayProTec (US), SignaPay (US), Klik & Pay (Switzerland), Finix Payments (US), Due (US), Pineapple Payments (US), Modulr (UK), MuchBetter (UK), Paykickstart (US), AeroPay (US), and Sila (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches and product enhancements, and acquisitions to expand their footprint in the payment processing solutions market.

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Scope of the Report

Report Metrics

Details

Market size available for years

2018-2028

Base year considered

2022

Forecast period

2023–2028

Forecast units

Value (USD) Million/Billion

Segments Covered

By payment method, vertical, and Region

Region covered

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America

Companies covered

PayPal (US), Fiserv (US), FIS (US), Global Payments (US), ACI Worldwide (US), Square (US), Mastercard (US), Visa (US), Adyen (Netherland), Stripe (US), PayU (Netherland), Jack Henry & Associates (US), Paysafe (UK), PhonePe (India), Razorpay (India), Secure Payment Systems (US), Worldline (France), Spreedly (US), Fattmerchant (US), North American Bancard (US), Dwolla (US), CCBill (US), Authorize.Net (US), Alipay (China), PayProTec (US), SignaPay (US), Klik & Pay (Switzerland), Finix Payments (US), Due (US), Pineapple Payments (US), Modulr (UK), MuchBetter (UK), Paykickstart (US), AeroPay (US), and Sila (US).

This research report categorizes the payment processing solutions market to forecast revenues and analyze trends in each of the following submarkets:

Based on payment method:
  • Credit Card
  • Debit Card
  • eWallet
  • Automatic Cleaning House (ACH)
  • Other Payment Methods
Based on vertical:
  • BFSI
  • Government And Utilities
  • Telecom
  • Healthcare
  • Real Estate
  • Retail
  • Media And Entertainment
  • Travel And Hospitality
  • Other Vertical
By Region:
  • North America
    • United States (US)
    • Canada
  • Europe
    • United Kingdom (UK)
    • Germany
    • France
    • Italy
    • Nordics
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia and New Zealand
    • Rest of Asia Pacific
  • Middle East and Africa
    • UAE
    • KSA
    • South Africa
    • Rest of Middle East and Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

Recent Developments:

  • In June 2023, Visa acquired Pismo, to provide core banking and issuer processing capabilities across debit, prepaid, credit, and commercial cards for clients via cloud-native APIs and also provide support and connectivity for emerging payment rails, like Pix in Brazil, for financial institution clients.
  • In May 2023, ACI Worldwide announced its collaboration with Red Hat OpenShift, to enable financial institutions and payment providers to utilize ACI solutions on the platform.
  • In February 2022, PayPal’s investment in Skipify would allow Skipify to introduce frictionless checkout experiences for millions of shoppers and merchants alike by simplifying and streamlining the checkout process.
  • In May 2022, Afterpay, a company acquired by Square, partnered with Rite Aid, to offer online shoppers to pay for everyday items in four installments at no additional cost.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 25)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS & EXCLUSIONS
                    TABLE 1 PAYMENT PROCESSING SOLUTIONS MARKET, BY PAYMENT METHOD: INCLUSIONS & EXCLUSIONS
                    TABLE 2 MARKET, BY VERTICAL: INCLUSIONS & EXCLUSIONS
    1.3 MARKET SCOPE 
           1.3.1 MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
           TABLE 3 USD EXCHANGE RATES, 2020–2022
    1.5 STAKEHOLDERS 
    1.6 SUMMARY OF CHANGES 
    1.7 RECESSION IMPACT 
 
2 RESEARCH METHODOLOGY (Page No. - 31)
    2.1 RESEARCH DATA 
           FIGURE 1 PAYMENT PROCESSING SOLUTIONS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews with experts
                    2.1.2.2 List of key primary interview participants
                    2.1.2.3 Breakdown of primary profiles
                    2.1.2.4 Key industry insights
    2.2 MARKET BREAKUP AND DATA TRIANGULATION 
    2.3 MARKET SIZE ESTIMATION 
           FIGURE 2 MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES
           2.3.1 TOP-DOWN APPROACH
           2.3.2 BOTTOM-UP APPROACH
                    FIGURE 3 PAYMENT PROCESSING SOLUTIONS MARKET ESTIMATION: DEMAND-SIDE ANALYSIS
                    FIGURE 4 MARKET ESTIMATION: SUPPLY-SIDE ANALYSIS
    2.4 MARKET FORECAST 
           TABLE 4 FACTOR ANALYSIS
    2.5 ASSUMPTIONS 
           TABLE 5 STUDY ASSUMPTIONS
    2.6 LIMITATIONS 
    2.7 IMPLICATION OF RECESSION 
 
3 EXECUTIVE SUMMARY (Page No. - 40)
    FIGURE 5 PAYMENT PROCESSING SOLUTIONS MARKET, 2021–2028 (USD MILLION) 
    FIGURE 6 MARKET: REGIONAL SHARE, 2023 
    FIGURE 7 ASIA PACIFIC TO BE BEST MARKET FOR INVESTMENTS DURING FORECAST PERIOD 
 
4 PREMIUM INSIGHTS (Page No. - 44)
    4.1 BRIEF OVERVIEW OF MARKET 
           FIGURE 8 RISING GOVERNMENT INITIATIVES FOR DIGITAL PAYMENTS TO ACT AS OPPORTUNITY IN MARKET
    4.2 NORTH AMERICA: MARKET, BY TOP 3 PAYMENT METHODS AND VERTICALS 
           FIGURE 9 CREDIT CARD SEGMENT AND BFSI TO ACCOUNT FOR LARGE SHARES IN NORTH AMERICA
    4.3 ASIA PACIFIC: MARKET, BY TOP 3 PAYMENT METHODS AND COUNTRIES 
           FIGURE 10 CREDIT CARD SEGMENT AND CHINA TO ACCOUNT FOR LARGE SHARES IN ASIA PACIFIC
 
5 MARKET OVERVIEW AND INDUSTRY TRENDS (Page No. - 46)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 11 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: PAYMENT PROCESSING SOLUTIONS MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Increasing eCommerce sales along with growing internet penetration
                    5.2.1.2 Embracing contactless payments globally
                    5.2.1.3 Evolving customer expectations
                    5.2.1.4 Rising use of mCommerce in transportation industry
                    5.2.1.5 Increasing focus on security and fraud prevention
           5.2.2 RESTRAINTS
                    5.2.2.1 Absence of global standards for cross-border transactions
                    5.2.2.2 Lack of digital literacy in emerging countries
                    5.2.2.3 Technical limitations and resistance to change
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Rising financial inclusion globally
                    5.2.3.2 Rising government and private initiatives to promote digital transactions
                    5.2.3.3 Global growth of eCommerce
           5.2.4 CHALLENGES
                    5.2.4.1 Threat of increasing cyberattacks on digital payment solutions
                    5.2.4.2 Regulatory compliance
    5.3 REGULATORY LANDSCAPE 
    5.4 INDUSTRY TRENDS 
           5.4.1 USE CASES
                    5.4.1.1 Use case 1: PayPal
                    5.4.1.2 Use case 2: FIS
                    5.4.1.3 Use case 3: PayU
                    5.4.1.4 Use case 4: Stripe
                    5.4.1.5 Use case 5: Square
           5.4.2 BEST PRACTICES IN PAYMENT PROCESSING SOLUTIONS MARKET
           5.4.3 VALUE CHAIN ANALYSIS
                    FIGURE 12 MARKET: VALUE CHAIN ANALYSIS
           5.4.4 BRIEF HISTORY OF PAYMENT PROCESSING SOLUTIONS
                    FIGURE 13 EVOLUTION OF PAYMENT PROCESSING SOLUTIONS
                    5.4.4.1 2000–2010
                    5.4.4.2 2010–2020
                    5.4.4.3 2020–Present
           5.4.5 ECOSYSTEM
                    FIGURE 14 PAYMENT PROCESSING SOLUTIONS ECOSYSTEM
                    TABLE 6 PAYMENT PROCESSING SOLUTIONS MARKET: ECOSYSTEM
           5.4.6 PATENT ANALYSIS
                    5.4.6.1 Methodology
                    5.4.6.2 Document type
                               TABLE 7 PATENTS FILED, 2020–2023
                    5.4.6.3 Innovation and patent applications
                               FIGURE 15 TOTAL NUMBER OF PATENTS GRANTED, 2020–2023
                    5.4.6.4 Top applicants
                               FIGURE 16 TOP TEN PATENT APPLICANTS, 2020–2023
           5.4.7 PRICING ANALYSIS
                    5.4.7.1 Average selling price of key players
                               TABLE 8 AVERAGE SELLING PRICE OF KEY PLAYERS
                    5.4.7.2 Average selling price trend
           5.4.8 IMPACT OF PAYMENT PROCESSING SOLUTIONS ON ADJACENT TECHNOLOGIES
                    5.4.8.1 Technology Analysis
                               5.4.8.1.1 Adjacent Technologies
                                             5.4.8.1.1.1 Encryption and Tokenization
                                             5.4.8.1.1.2 Point-of-Sale (POS) Technologies
                                             5.4.8.1.1.3 Near Field Communication (NFC)
                                             5.4.8.1.1.4 Mobile Wallets and Payment Apps
                                             5.4.8.1.1.5 Biometric Authentication
                                             5.4.8.1.1.6 Analytics and Business Intelligence
                                             5.4.8.1.1.7 Internet of Things (IoT)
                                             5.4.8.1.1.8 Blockchain and Cryptocurrency Technologies
                               5.4.8.1.2 Related Technologies
                                             5.4.8.1.2.1 Payment Gateways
                                             5.4.8.1.2.2 Application Programming Interfaces (APIs)
                                             5.4.8.1.2.3 Cloud Computing
                    TABLE 9 DIGITAL TECHNOLOGY ENABLERS, THEIR BENEFITS, AND EXAMPLES IN PAYMENT PROCESSING SOLUTIONS MARKET
           5.4.9 TRENDS AND DISRUPTIONS IMPACTING BUYERS
                    FIGURE 17 MARKET
           5.4.10 PORTER’S FIVE FORCES ANALYSIS
                    TABLE 10 MARKET: PORTER’S FIVE FORCES MODEL
                    5.4.10.1 Threat of new entrants
                    5.4.10.2 Threat of substitutes
                    5.4.10.3 Bargaining power of buyers
                    5.4.10.4 Bargaining power of suppliers
                    5.4.10.5 Intensity of competitive rivalry
           5.4.11 KEY CONFERENCES & EVENTS IN 2023–24
                    TABLE 11 PAYMENT PROCESSING SOLUTIONS MARKET: DETAILED LIST OF CONFERENCES & EVENTS
           5.4.12 KEY STAKEHOLDERS & BUYING CRITERIA
                    5.4.12.1 Key stakeholders in buying process
                               FIGURE 18 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS
                               TABLE 12 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS (%)
                    5.4.12.2 Buying criteria
                               FIGURE 19 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
                               TABLE 13 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
           5.4.13 FUTURE DIRECTION OF MARKET
 
6 PAYMENT PROCESSING SOLUTIONS MARKET, BY PAYMENT METHOD (Page No. - 71)
    6.1 INTRODUCTION 
           FIGURE 20 EWALLET SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
           6.1.1 PAYMENT METHOD: MARKET DRIVERS
                    TABLE 14 MARKET, BY PAYMENT METHOD, 2018–2022 (USD MILLION)
                    TABLE 15 MARKET, BY PAYMENT METHOD, 2023–2028 (USD MILLION)
    6.2 EWALLET 
           6.2.1 INCREASING PAYMENTS BY MOBILE DEVICES TO DRIVE PAYMENT SOLUTIONS MARKET GROWTH
                    TABLE 16 EWALLET: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 17 EWALLET: MARKET, BY REGION, 2023–2028 (USD MILLION)
    6.3 CREDIT CARD 
           6.3.1 GROWING CREDIT CARD USERS TO BOOST MARKET GROWTH
                    TABLE 18 CREDIT CARD: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 19 CREDIT CARD: MARKET, BY REGION, 2023–2028 (USD MILLION)
    6.4 DEBIT CARD 
           6.4.1 EXCLUSIVE USE OF SOME DEBIT CARDS ON INTERNET TO DRIVE MARKET GROWTH
                    TABLE 20 DEBIT CARD: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 21 DEBIT CARD: MARKET, BY REGION, 2023–2028 (USD MILLION)
    6.5 AUTOMATIC CLEARING HOUSE 
           6.5.1 DEVELOPING ACH TRANSFERS WITH INCREASING SECURITY TO FUEL DEMAND FOR PAYMENT PROCESSING SOLUTIONS
                    TABLE 22 AUTOMATIC CLEARING HOUSE: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 23 AUTOMATIC CLEARING HOUSE: MARKET, BY REGION, 2023–2028 (USD MILLION)
    6.6 OTHER PAYMENT METHODS 
           TABLE 24 OTHER PAYMENT METHODS: MARKET, BY REGION, 2018–2022 (USD MILLION)
           TABLE 25 OTHER PAYMENT METHODS: MARKET, BY REGION, 2023–2028 (USD MILLION)
 
7 PAYMENT PROCESSING SOLUTIONS MARKET, BY VERTICAL (Page No. - 79)
    7.1 INTRODUCTION 
           FIGURE 21 RETAIL VERTICAL TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
           7.1.1 VERTICAL: MARKET DRIVERS
                    TABLE 26 MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
                    TABLE 27 MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
    7.2 BANKING, FINANCIAL SERVICES, AND INSURANCE 
           7.2.1 INCREASING ADOPTION OF ADVANCED TECHNOLOGIES IN BFSI SECTOR TO DRIVE MARKET GROWTH
                    TABLE 28 BFSI: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 29 BFSI: MARKET, BY REGION, 2023–2028 (USD MILLION)
           7.2.2 USE CASE
                    7.2.2.1 To bring powerful payment optimization tools and multiple payment methods for better customer checkout experience
                    7.2.2.2 FIS helped River City Bank to strengthen business continuity, regulatory compliance, and resiliency
    7.3 GOVERNMENT AND UTILITIES 
           7.3.1 GROWING SUPPORT FOR PAYMENT SOLUTIONS IN GOVERNMENT AND UTILITIES TO DRIVE MARKET
                    TABLE 30 GOVERNMENT AND UTILITIES: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 31 GOVERNMENT AND UTILITIES: MARKET, BY REGION, 2023–2028 (USD MILLION)
           7.3.2 USE CASE
                    7.3.2.1 Need to look for new ways to engage attendees and increase sales at events
                    7.3.2.2 Baxter Credit Union made collection process more efficient and accessible
    7.4 TELECOM 
           7.4.1 GROWING ADOPTION OF DIGITALIZATION AND INCREASING USE OF SMARTPHONES TO DRIVE MARKET GROWTH
                    TABLE 32 TELECOM: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 33 TELECOM: MARKET, BY REGION, 2023–2028 (USD MILLION)
           7.4.2 USE CASE
                    7.4.2.1 ACI payments orchestration platform used to increase revenue visibility and reduce leakage
                    7.4.2.2 PayPal paired with telecom giants in Europe and Latin America
    7.5 HEALTHCARE 
           7.5.1 GROWING NEED TO STREAMLINE OPERATIONS AND IMPROVE OVERALL ORGANIZATION EFFICIENCY TO DRIVE MARKET GROWTH
                    TABLE 34 HEALTHCARE: PAYMENT PROCESSING SOLUTIONS MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 35 HEALTHCARE: MARKET, BY REGION, 2023–2028 (USD MILLION)
           7.5.2 USE CASE
                    7.5.2.1 Need to help practitioners be more efficient, better collaborate with peers, and improve patient experience
                    7.5.2.2 Electronic payments enabled dynamic growth for leading healthcare services company
    7.6 REAL ESTATE 
           7.6.1 GROWING NEED TO MAKE TRANSACTIONS SAFE AND SECURE DIGITALLY TO LEAD TO SIGNIFICANT MARKET GROWTH
                    TABLE 36 REAL ESTATE: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 37 REAL ESTATE: MARKET, BY REGION, 2023–2028 (USD MILLION)
           7.6.2 USE CASE
                    7.6.2.1 Developing unified API solutions to support MARKET
                    7.6.2.2 Need to improve payment methods and operational efficiency to drive market growth
    7.7 RETAIL 
           7.7.1 INCREASING NEED TO PROVIDE BETTER CUSTOMER EXPERIENCE AND REDUCE TRANSACTION TIME TO DRIVE MARKET GROWTH
                    TABLE 38 RETAIL: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 39 RETAIL: MARKET, BY REGION, 2023–2028 (USD MILLION)
           7.7.2 USE CASE
                    7.7.2.1 Enhancing customer security with more verification systems
                    7.7.2.2 Enhancing customer experience with better payment solutions
                    7.7.2.3 To simplify cross-border payments, Amazon used Stripe
                    7.7.2.4 Decathlon collaborated with Stripe to support payments for new coaches and sports classes
    7.8 MEDIA AND ENTERTAINMENT 
           7.8.1 INCREASING PENETRATION OF SMARTPHONES AND OTHER PAYMENT DEVICES TO DRIVE MARKET GROWTH
                    TABLE 40 MEDIA AND ENTERTAINMENT: PAYMENT PROCESSING SOLUTIONS MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 41 MEDIA AND ENTERTAINMENT: MARKET, BY REGION, 2023–2028 (USD MILLION)
           7.8.2 USE CASE
                    7.8.2.1 Need to make it easy for customers to offer omnichannel experience
                    7.8.2.2 Agua Bendita expanded internationally with payment processing solutions from Stripe and VTEX
    7.9 TRAVEL AND HOSPITALITY 
           7.9.1 INCREASING NEED FOR DIGITAL PAYMENT TECHNOLOGIES IN TRAVEL AND HOSPITALITY INDUSTRY TO DRIVE MARKET
                    TABLE 42 TRAVEL AND HOSPITALITY: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 43 TRAVEL AND HOSPITALITY: MARKET, BY REGION, 2023–2028 (USD MILLION)
           7.9.2 USE CASE
                    7.9.2.1 Ireland’s Mount Errigal hotel switched to Worldpay to make seamless payment improvements
                    7.9.2.2 Aegean Airlines used ACI Worldwide fraud prevention solution to increase efficiency and payment management
    7.10 OTHER VERTICALS 
           TABLE 44 OTHER VERTICALS: MARKET, BY REGION, 2018–2022 (USD MILLION)
           TABLE 45 OTHER VERTICALS: MARKET, BY REGION, 2023–2028 (USD MILLION)
 
8 PAYMENT PROCESSING SOLUTIONS MARKET, BY REGION (Page No. - 95)
    8.1 INTRODUCTION 
           FIGURE 22 MARKET: REGIONAL SNAPSHOT
           FIGURE 23 MARKET, BY REGION, 2023 VS. 2028 (USD MILLION)
           TABLE 46 MARKET, BY REGION, 2018–2022 (USD MILLION)
           TABLE 47 MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.2 NORTH AMERICA 
           8.2.1 NORTH AMERICA: MARKET DRIVERS
           8.2.2 NORTH AMERICA: RECESSION IMPACT
                    FIGURE 24 NORTH AMERICA: PAYMENT PROCESSING SOLUTIONS MARKET SNAPSHOT
                    TABLE 48 NORTH AMERICA: MARKET, BY PAYMENT METHOD, 2018–2022 (USD MILLION)
                    TABLE 49 NORTH AMERICA: MARKET, BY PAYMENT METHOD, 2023–2028 (USD MILLION)
                    TABLE 50 NORTH AMERICA: MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
                    TABLE 51 NORTH AMERICA: MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
                    TABLE 52 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                    TABLE 53 NORTH AMERICA: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
           8.2.3 US
                    8.2.3.1 Presence of key payment processing solutions players in US to drive market growth
                               TABLE 54 US: PAYMENT PROCESSING SOLUTIONS MARKET, BY PAYMENT METHOD, 2018–2022 (USD MILLION)
                               TABLE 55 US: MARKET, BY PAYMENT METHOD, 2023–2028 (USD MILLION)
                               TABLE 56 US: MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
                               TABLE 57 US: MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
           8.2.4 CANADA
                    8.2.4.1 Increasing technological advancements for payment solutions to drive market growth
                               TABLE 58 CANADA: MARKET, BY PAYMENT METHOD, 2018–2022 (USD MILLION)
                               TABLE 59 CANADA: MARKET, BY PAYMENT METHOD, 2023–2028 (USD MILLION)
                               TABLE 60 CANADA: MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
                               TABLE 61 CANADA: MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
    8.3 EUROPE 
           8.3.1 EUROPE: MARKET DRIVERS
           8.3.2 EUROPE: RECESSION IMPACT
                    TABLE 62 EUROPE: PAYMENT PROCESSING SOLUTIONS MARKET, BY PAYMENT METHOD, 2018–2022 (USD MILLION)
                    TABLE 63 EUROPE: MARKET, BY PAYMENT METHOD, 2023–2028 (USD MILLION)
                    TABLE 64 EUROPE: MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
                    TABLE 65 EUROPE: MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
                    TABLE 66 EUROPE: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                    TABLE 67 EUROPE: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
           8.3.3 UK
                    8.3.3.1 Major investments by public and private sectors to drive market
                               TABLE 68 UK: MARKET, BY PAYMENT METHOD, 2018–2022 (USD MILLION)
                               TABLE 69 UK: MARKET, BY PAYMENT METHOD, 2023–2028 (USD MILLION)
                               TABLE 70 UK: MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
                               TABLE 71 UK: MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
           8.3.4 GERMANY
                    8.3.4.1 Multiple organizations stepping up in payment processing industry to drive market growth
                               TABLE 72 GERMANY: PAYMENT PROCESSING SOLUTIONS MARKET, BY PAYMENT METHOD, 2018–2022 (USD MILLION)
                               TABLE 73 GERMANY: MARKET, BY PAYMENT METHOD, 2023–2028 (USD MILLION)
                               TABLE 74 GERMANY: MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
                               TABLE 75 GERMANY: MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
           8.3.5 FRANCE
                    8.3.5.1 Significant investments by government to drive market growth
                               TABLE 76 FRANCE: MARKET, BY PAYMENT METHOD, 2018–2022 (USD MILLION)
                               TABLE 77 FRANCE: MARKET, BY PAYMENT METHOD, 2023–2028 (USD MILLION)
                               TABLE 78 FRANCE: MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
                               TABLE 79 FRANCE: MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
           8.3.6 ITALY
                    8.3.6.1 Major opportunities for payment processing solution vendors in Italy to drive market growth
                               TABLE 80 ITALY: PAYMENT PROCESSING SOLUTIONS MARKET, BY PAYMENT METHOD, 2018–2022 (USD MILLION)
                               TABLE 81 ITALY: MARKET, BY PAYMENT METHOD, 2023–2028 (USD MILLION)
                               TABLE 82 ITALY: MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
                               TABLE 83 ITALY: MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
           8.3.7 NORDIC COUNTRIES
                    TABLE 84 NORDIC COUNTRIES: MARKET, BY PAYMENT METHOD, 2018–2022 (USD MILLION)
                    TABLE 85 NORDIC COUNTRIES: MARKET, BY PAYMENT METHOD, 2023–2028 (USD MILLION)
                    TABLE 86 NORDIC COUNTRIES: MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
                    TABLE 87 NORDIC COUNTRIES: MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
           8.3.8 REST OF EUROPE
    8.4 ASIA PACIFIC 
           8.4.1 ASIA PACIFIC: MARKET DRIVERS
           8.4.2 ASIA PACIFIC: RECESSION IMPACT
                    FIGURE 25 ASIA PACIFIC: MARKET SNAPSHOT
                    TABLE 88 ASIA PACIFIC: PAYMENT PROCESSING SOLUTIONS MARKET, BY PAYMENT METHOD, 2018–2022 (USD MILLION)
                    TABLE 89 ASIA PACIFIC: MARKET, BY PAYMENT METHOD, 2023–2028 (USD MILLION)
                    TABLE 90 ASIA PACIFIC: MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
                    TABLE 91 ASIA PACIFIC: MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
                    TABLE 92 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                    TABLE 93 ASIA PACIFIC: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
           8.4.3 CHINA
                    8.4.3.1 Increasing payment transactions to boost market growth in China
                               TABLE 94 CHINA: MARKET, BY PAYMENT METHOD, 2018–2022 (USD MILLION)
                               TABLE 95 CHINA: MARKET, BY PAYMENT METHOD, 2023–2028 (USD MILLION)
                               TABLE 96 CHINA: MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
                               TABLE 97 CHINA: MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
           8.4.4 INDIA
                    8.4.4.1 Digitalization across business verticals to drive market in India
                               TABLE 98 INDIA: PAYMENT PROCESSING SOLUTIONS MARKET, BY PAYMENT METHOD, 2018–2022 (USD MILLION)
                               TABLE 99 INDIA: MARKET, BY PAYMENT METHOD, 2023–2028 (USD MILLION)
                               TABLE 100 INDIA: MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
                               TABLE 101 INDIA: MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
           8.4.5 JAPAN
                    8.4.5.1 Better customer experience in payment processing to drive market growth
                               TABLE 102 JAPAN: MARKET, BY PAYMENT METHOD, 2018–2022 (USD MILLION)
                               TABLE 103 JAPAN: MARKET, BY PAYMENT METHOD, 2023–2028 (USD MILLION)
                               TABLE 104 JAPAN: MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
                               TABLE 105 JAPAN: MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
           8.4.6 ANZ
                    8.4.6.1 Increasing advancements in payment technologies to drive market growth
                               TABLE 106 ANZ: PAYMENT PROCESSING SOLUTIONS MARKET, BY PAYMENT METHOD, 2018–2022 (USD MILLION)
                               TABLE 107 ANZ: MARKET, BY PAYMENT METHOD, 2023–2028 (USD MILLION)
                               TABLE 108 ANZ: MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
                               TABLE 109 ANZ: MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
           8.4.7 REST OF ASIA PACIFIC
    8.5 MIDDLE EAST & AFRICA 
           8.5.1 MIDDLE EAST & AFRICA: MARKET DRIVERS
           8.5.2 MIDDLE EAST & AFRICA: RECESSION IMPACT
                    TABLE 110 MIDDLE EAST & AFRICA: MARKET, BY PAYMENT METHOD, 2018–2022 (USD MILLION)
                    TABLE 111 MIDDLE EAST & AFRICA: MARKET, BY PAYMENT METHOD, 2023–2028 (USD MILLION)
                    TABLE 112 MIDDLE EAST & AFRICA: MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
                    TABLE 113 MIDDLE EAST & AFRICA: MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
                    TABLE 114 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                    TABLE 115 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
           8.5.3 UAE
                    8.5.3.1 Growing need for innovations to drive market in UAE
                               TABLE 116 UAE: PAYMENT PROCESSING SOLUTIONS MARKET, BY PAYMENT METHOD, 2018–2022 (USD MILLION)
                               TABLE 117 UAE: MARKET, BY PAYMENT METHOD, 2023–2028 (USD MILLION)
                               TABLE 118 UAE: MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
                               TABLE 119 UAE: MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
           8.5.4 KSA
                    8.5.4.1 Government initiatives to develop advanced logistics and transportation systems to fuel market growth
                               TABLE 120 KSA: MARKET, BY PAYMENT METHOD, 2018–2022 (USD MILLION)
                               TABLE 121 KSA: MARKET, BY PAYMENT METHOD, 2023–2028 (USD MILLION)
                               TABLE 122 KSA: MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
                               TABLE 123 KSA: MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
           8.5.5 SOUTH AFRICA
                    8.5.5.1 Need to modernize payment methods leading to significant market growth
                               TABLE 124 SOUTH AFRICA: PAYMENT PROCESSING SOLUTIONS MARKET, BY PAYMENT METHOD, 2018–2022 (USD MILLION)
                               TABLE 125 SOUTH AFRICA: MARKET, BY PAYMENT METHOD, 2023–2028 (USD MILLION)
                               TABLE 126 SOUTH AFRICA: MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
                               TABLE 127 SOUTH AFRICA: MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
           8.5.6 REST OF MIDDLE EAST & AFRICA
    8.6 LATIN AMERICA 
           8.6.1 LATIN AMERICA: MARKET DRIVERS
           8.6.2 LATIN AMERICA: RECESSION IMPACT
                    TABLE 128 LATIN AMERICA: MARKET, BY PAYMENT METHOD, 2018–2022 (USD MILLION)
                    TABLE 129 LATIN AMERICA: MARKET, BY PAYMENT METHOD, 2023–2028 (USD MILLION)
                    TABLE 130 LATIN AMERICA: MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
                    TABLE 131 LATIN AMERICA: MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
                    TABLE 132 LATIN AMERICA: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                    TABLE 133 LATIN AMERICA: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
           8.6.3 BRAZIL
                    8.6.3.1 Increasing penetration of mobiles and other payment devices in Brazil to drive market growth
                               TABLE 134 BRAZIL: PAYMENT PROCESSING SOLUTIONS MARKET, BY PAYMENT METHOD, 2018–2022 (USD MILLION)
                               TABLE 135 BRAZIL: MARKET, BY PAYMENT METHOD, 2023–2028 (USD MILLION)
                               TABLE 136 BRAZIL: MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
                               TABLE 137 BRAZIL: MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
           8.6.4 MEXICO
                    8.6.4.1 Growing digital innovations and technological advancements to drive market
                               TABLE 138 MEXICO: MARKET, BY PAYMENT METHOD, 2018–2022 (USD MILLION)
                               TABLE 139 MEXICO: MARKET, BY PAYMENT METHOD, 2023–2028 (USD MILLION)
                               TABLE 140 MEXICO: MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
                               TABLE 141 MEXICO: MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
           8.6.5 REST OF LATIN AMERICA
 
9 COMPETITIVE LANDSCAPE (Page No. - 148)
    9.1 OVERVIEW 
    9.2 STRATEGIES ADOPTED BY KEY PLAYERS 
           TABLE 142 OVERVIEW OF STRATEGIES DEPLOYED BY KEY PLAYERS IN MARKET
    9.3 COMPETITIVE SCENARIO 
    9.4 MARKET SHARE ANALYSIS 
           TABLE 143 PAYMENT PROCESSING SOLUTIONS MARKET: DEGREE OF COMPETITION
    9.5 HISTORICAL REVENUE ANALYSIS 
           FIGURE 26 HISTORICAL THREE-YEAR REVENUE ANALYSIS OF LEADING PLAYERS, 2020–2022 (USD MILLION)
    9.6 RANKING OF KEY PLAYERS IN MARKET, 2023 
           FIGURE 27 MARKET RANKING OF KEY PLAYERS, 2023
    9.7 COMPANY EVALUATION QUADRANT METHODOLOGY 
           FIGURE 28 COMPANY EVALUATION MATRIX: CRITERIA WEIGHTAGE
           9.7.1 STARS
           9.7.2 EMERGING LEADERS
           9.7.3 PERVASIVE PLAYERS
           9.7.4 PARTICIPANTS
                    FIGURE 29 MARKET: COMPANY EVALUATION MATRIX, 2023
    9.8 STARTUP/SME EVALUATION MATRIX METHODOLOGY AND DEFINITIONS 
           FIGURE 30 STARTUP/SME EVALUATION MATRIX: CRITERIA WEIGHTAGE
           9.8.1 PROGRESSIVE COMPANIES
           9.8.2 RESPONSIVE COMPANIES
           9.8.3 DYNAMIC COMPANIES
           9.8.4 STARTING BLOCKS
                    FIGURE 31 PAYMENT PROCESSING SOLUTIONS MARKET, STARTUP/SME EVALUATION MATRIX
    9.9 COMPETITIVE BENCHMARKING 
           TABLE 144 PRODUCT FOOTPRINT WEIGHTAGE
           TABLE 145 COMPANY FOOTPRINT ANALYSIS: MARKET
           TABLE 146 COMPANY VERTICAL FOOTPRINT: MARKET
           TABLE 147 COMPANY REGION FOOTPRINT: MARKET
           TABLE 148 MARKET: DETAILED LIST OF KEY STARTUPS/SMES
           TABLE 149 MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY VERTICAL
           TABLE 150 MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY REGION
    9.10 COMPETITIVE SCENARIO 
           9.10.1 PRODUCT LAUNCHES
                    TABLE 151 MARKET: PRODUCT LAUNCHES, 2017–2023
           9.10.2 DEALS
                    TABLE 152 PAYMENT PROCESSING SOLUTIONS MARKET: DEALS, 2017–2023
    9.11 VALUATION AND FINANCIAL METRICS OF KEY PAYMENT PROCESSING SOLUTIONS VENDORS 
                    FIGURE 32 VALUATION AND FINANCIAL METRICS OF PAYMENT PROCESSING SOLUTIONS VENDORS
 
10 COMPANY PROFILES (Page No. - 177)
(Business overview, Products/Solutions/Services offered, Recent developments & MnM View)*
     10.1 MAJOR PLAYERS 
             10.1.1 PAYPAL
                       TABLE 153 PAYPAL: BUSINESS OVERVIEW
                       FIGURE 33 PAYPAL: COMPANY SNAPSHOT
                       TABLE 154 PAYPAL: SOLUTIONS OFFERED
                       TABLE 155 PAYPAL: PRODUCT LAUNCHES/ENHANCEMENTS
                       TABLE 156 PAYPAL: DEALS
             10.1.2 FISERV
                       TABLE 157 FISERV: BUSINESS OVERVIEW
                       FIGURE 34 FISERV: COMPANY SNAPSHOT
                       TABLE 158 FISERV: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 159 FISERV: PRODUCT LAUNCHES/ENHANCEMENTS
                       TABLE 160 FISERV: DEALS
             10.1.3 FIS
                       TABLE 161 FIS: BUSINESS OVERVIEW
                       FIGURE 35 FIS: COMPANY SNAPSHOT
                       TABLE 162 FIS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 163 FIS: PRODUCT LAUNCHES/ENHANCEMENTS
                       TABLE 164 FIS: DEALS
             10.1.4 GLOBAL PAYMENTS
                       TABLE 165 GLOBAL PAYMENTS: BUSINESS OVERVIEW
                       FIGURE 36 GLOBAL PAYMENTS: COMPANY SNAPSHOT
                       TABLE 166 GLOBAL PAYMENTS: SOLUTIONS OFFERED
                       TABLE 167 GLOBAL PAYMENTS: PRODUCT LAUNCHES/ENHANCEMENTS
                       TABLE 168 GLOBAL PAYMENTS: DEALS
             10.1.5 ACI WORLDWIDE
                       TABLE 169 ACI WORLDWIDE: BUSINESS OVERVIEW
                       FIGURE 37 ACI WORLDWIDE: COMPANY SNAPSHOT
                       TABLE 170 ACI WORLDWIDE: SOLUTIONS OFFERED
                       TABLE 171 ACI WORLDWIDE: PRODUCT LAUNCHES/ENHANCEMENTS
                       TABLE 172 ACI WORLDWIDE: DEALS
             10.1.6 SQUARE
                       TABLE 173 SQUARE: BUSINESS OVERVIEW
                       FIGURE 38 SQUARE: COMPANY SNAPSHOT
                       TABLE 174 SQUARE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 175 SQUARE: PRODUCT LAUNCHES/ENHANCEMENTS
                       TABLE 176 SQUARE: DEALS
             10.1.7 MASTERCARD
                       TABLE 177 MASTERCARD: BUSINESS OVERVIEW
                       FIGURE 39 MASTERCARD: COMPANY SNAPSHOT
                       TABLE 178 MASTERCARD: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 179 MASTERCARD: PRODUCT LAUNCHES/ENHANCEMENTS
                       TABLE 180 MASTERCARD: DEALS
             10.1.8 VISA
                       TABLE 181 VISA: BUSINESS OVERVIEW
                       FIGURE 40 VISA: COMPANY SNAPSHOT
                       TABLE 182 VISA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 183 VISA: PRODUCT LAUNCHES/ENHANCEMENTS
                       TABLE 184 VISA: DEALS
             10.1.9 ADYEN
                       TABLE 185 ADYEN: BUSINESS OVERVIEW
                       FIGURE 41 ADYEN: COMPANY SNAPSHOT
                       TABLE 186 ADYEN: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 187 ADYEN: PRODUCT LAUNCHES/ENHANCEMENTS
                       TABLE 188 ADYEN: DEALS
             10.1.10 STRIPE
                       TABLE 189 STRIPE: BUSINESS OVERVIEW
                       TABLE 190 STRIPE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 191 STRIPE: PRODUCT LAUNCHES/ENHANCEMENTS
                       TABLE 192 STRIPE: DEALS
             10.1.11 PAYU
                       TABLE 193 PAYU: BUSINESS OVERVIEW
                       TABLE 194 PAYU: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 195 PAYU: PRODUCT LAUNCHES/ENHANCEMENTS
                       TABLE 196 PAYU: DEALS
             10.1.12 JACK HENRY & ASSOCIATES
             10.1.13 PAYSAFE
             10.1.14 PHONEPE
             10.1.15 RAZORPAY
*Details on Business overview, Products/Solutions/Services offered, Recent developments & MnM View might not be captured in case of unlisted companies.
     10.2 OTHER PLAYERS/STARTUPS 
             10.2.1 SECURE PAYMENT SYSTEMS
             10.2.2 WORLDLINE
             10.2.3 SPREEDLY
             10.2.4 FATTMERCHANT
             10.2.5 NORTH AMERICAN BANCARD
             10.2.6 DWOLLA
             10.2.7 CCBILL
             10.2.8 AUTHORIZE.NET
             10.2.9 ALIPAY
             10.2.10 PAYPROTEC
             10.2.11 SIGNAPAY
             10.2.12 KLIKNPAY
             10.2.13 FINIX PAYMENTS
             10.2.14 DUE
             10.2.15 PINEAPPLE PAYMENTS
             10.2.16 MODULR
             10.2.17 MUCHBETTER
             10.2.18 PAYKICKSTART
             10.2.19 AEROPAY
             10.2.20 SILA
 
11 ADJACENT/RELATED MARKETS (Page No. - 241)
     11.1 INTRODUCTION TO ADJACENT MARKETS 
               TABLE 197 ADJACENT MARKETS AND FORECASTS
     11.2 LIMITATIONS 
     11.3 DIGITAL PAYMENT MARKET 
               TABLE 198 DIGITAL PAYMENT MARKET IN BFSI, BY REGION, 2016–2020 (USD MILLION)
               TABLE 199 DIGITAL PAYMENT MARKET IN BFSI, BY REGION, 2021–2026 (USD MILLION)
               TABLE 200 DIGITAL PAYMENT MARKET IN RETAIL AND ECOMMERCE, BY REGION, 2016–2020 (USD MILLION)
               TABLE 201 DIGITAL PAYMENT MARKET IN RETAIL AND ECOMMERCE, BY REGION, 2021–2026 (USD MILLION)
               TABLE 202 DIGITAL PAYMENT MARKET IN HEALTHCARE, BY REGION, 2016–2020 (USD MILLION)
               TABLE 203 DIGITAL PAYMENT MARKET IN HEALTHCARE, BY REGION, 2021–2026 (USD MILLION)
               TABLE 204 DIGITAL PAYMENT MARKET IN TRAVEL AND HOSPITALITY, BY REGION, 2016–2020 (USD MILLION)
               TABLE 205 DIGITAL PAYMENT MARKET IN TRAVEL AND HOSPITALITY, BY REGION, 2021–2026 (USD MILLION)
               TABLE 206 DIGITAL PAYMENT MARKET IN TRANSPORTATION AND LOGISTICS, BY REGION, 2016–2020 (USD MILLION)
               TABLE 207 DIGITAL PAYMENT MARKET IN TRANSPORTATION AND LOGISTICS, BY REGION, 2021–2026 (USD MILLION)
               TABLE 208 DIGITAL PAYMENT MARKET IN MEDIA AND ENTERTAINMENT, BY REGION, 2016–2020 (USD MILLION)
               TABLE 209 DIGITAL PAYMENT MARKET IN MEDIA AND ENTERTAINMENT, BY REGION, 2021–2026 (USD MILLION)
               TABLE 210 DIGITAL PAYMENT MARKET IN OTHER VERTICALS, BY REGION, 2016–2020 (USD MILLION)
               TABLE 211 DIGITAL PAYMENT MARKET IN OTHER VERTICALS, BY REGION, 2021–2026 (USD MILLION)
     11.4 FINTECH AS A SERVICE MARKET 
               TABLE 212 FINTECH AS A SERVICE MARKET, BY TYPE, 2017–2022 (USD MILLION)
               TABLE 213 FINTECH AS A SERVICE MARKET, BY TYPE, 2023–2028 (USD MILLION)
               TABLE 214 FINTECH AS A SERVICE MARKET, BY TECHNOLOGY, 2017–2022 (USD MILLION)
               TABLE 215 FINTECH AS A SERVICE MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
               TABLE 216 FINTECH AS A SERVICE MARKET, BY APPLICATION, 2017–2022 (USD MILLION)
               TABLE 217 FINTECH AS A SERVICE MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
               TABLE 218 FINTECH AS A SERVICE MARKET, BY END USER, 2017–2022 (USD MILLION)
               TABLE 219 FINTECH AS A SERVICE MARKET, BY END USER, 2023–2028 (USD MILLION)
               TABLE 220 FINTECH AS A SERVICE MARKET, BY REGION, 2017–2022 (USD MILLION)
               TABLE 221 FINTECH AS A SERVICE MARKET, BY REGION, 2023–2028 (USD MILLION)
 
12 APPENDIX (Page No. - 250)
     12.1 DISCUSSION GUIDE 
     12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     12.3 CUSTOMIZATION OPTIONS 
     12.4 RELATED REPORTS 
     12.5 AUTHOR DETAILS 

The research study involved the use of extensive secondary sources, directories, and databases, such as Factiva, D&B Hoovers, and Bloomberg, to identify and collect information useful for the comprehensive market research study on the payment processing solutions market. The primary sources were mainly industry experts from the core and related industries, preferred payment processing solutions and service providers, third-party service providers, consulting service providers, end users, and other commercial enterprises. In-depth interviews were conducted with various primary respondents, including key industry participants and subject-matter experts, to obtain and verify critical qualitative and quantitative information, as well as to assess the prospects

Secondary Research

In the secondary research process, various secondary sources were referred to for identifying and collecting information for the study. The secondary sources included companies’ annual reports, press releases, and investor presentations, and white papers, certified publications, and articles from recognized associations and government publishing sources.

Secondary research was mainly used to obtain key information about the industry’s value chain, the total pool of key players, market classification and segmentation according to industry trends to the bottom-most level, regional markets, and key developments from market and technology-oriented perspectives.

Primary Research

In the primary research process, various primary sources from the supply and demand sides were interviewed to obtain qualitative and quantitative information for the report. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology, and innovation directors, and related key executives from various key companies and organizations providing payment processing solutions and associated services. The primary sources from the demand side included end users, such as Chief Information Officers (CIOs), consultants, service professionals, technicians and technologists, and managers at public and investor-owned utilities.  Primary interviews were conducted to gather insights, such as market statistics, data of revenue collected from the products and services, market breakups, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to technology, application, deployment, and region.

The break-up of Primary Research:

Payment Processing Solutions Market  Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Multiple approaches were adopted to estimate and forecast the Payment processing solutions market. The first approach involves estimating the market size by summating companies’ revenue generated through Payment processing solutions. In this approach for market estimation, we identified the key companies offering Payment processing solutions by payment methods.

Both top-down and bottom-up approaches were used to estimate and validate the total size of the Payment processing solutions market. These methods were extensively used to estimate the size of various segments in the market. The research methodology used to estimate the market size includes the following:

  • Key players in the market have been identified through extensive secondary research.
  • In terms of value, the industry’s supply chain and market size have been determined through primary and secondary research processes.
  • All percentage shares, splits, and break-ups have been determined using secondary sources and verified through primary sources.

Payment processing solutions Market Size: Bottom-Up Approach

Payment Processing Solutions Market  Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size, the payment processing solutions market was divided into several segments and subsegments. The data triangulation procedures were used to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with data triangulation and market breakdown, the market size was validated by the top-down and bottom-up approaches.

Market Definition

Payment processing refers to the processes and services that automate payment transactions between the shopper and the merchant. It is usually a third-party service that is a system of computer processes that processes, verifies, and accepts or declines credit card, debit card, or eWallet transactions on behalf of the merchant through secure internet connections.

Report Objectives

  • To determine and forecast the global payment processing solutions market by payment method, vertical, and region from 2023 to 2028, and analyze the various macroeconomic and microeconomic factors that affect the market growth.
  • To forecast the size of the market segments with respect to five main regions: North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East and Africa (MEA).
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market.
  • To analyze each submarket with respect to individual growth trends, prospects, and contributions to the overall market.
  • To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the Payment processing solutions market.
  • To profile the key market players; provide a comparative analysis on the basis of business overviews, regional presence, product offerings, business strategies, and key financials; and illustrate the competitive landscape of the market.
  • In the market, track and analyze competitive developments, such as mergers and acquisitions, product developments, partnerships and collaborations, and Research and Development (R&D) activities.

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Geographic Analysis

  • Further breakup of the Asia Pacific market into countries contributing 75% to the regional market size
  • Further breakup of the North American market into countries contributing 75% to the regional market size
  • Further breakup of the Latin American market into countries contributing 75% to the regional market size
  • Further breakup of the MEA market into countries contributing 75% to the regional market size
  • Further breakup of the European market into countries contributing 75% to the regional market size

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
TC 7102
Published ON
Jul, 2023
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