Payment Processing Solutions Market

Payment Processing Solutions Market by Payment Method (Debit Card, Credit Card, eWallets, ACH, and Others), Mode Of Deployment (On-premise, Cloud-based), Vertical (BFSI, Government And Utilities), and Region - Global Forecast to 2025

Report Code: TC 7102 Aug, 2020, by marketsandmarkets.com

[249 Pages Report] The global payment processing solutions market size is expected to grow from USD 74.4 billion in 2020 to USD 120.7 billion by 2025, at a CAGR of 10.2% during the forecast period. The growth of the payment processing solutions market can be attributed to several factors, such as increasing eCommerce sales along with growing internet penetration, embracing contactless payments globally, and evolving customer expectations.

Payment Processing Solutions Market

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COVID-19 Impact on the Payment Processing Solutions

Amidst the COVID-19 pandemic crisis, several major firms in the payment processing market are developing new products to cater to the rising need for contactless transactions during the COVID-19 pandemic. For instance, AliPay launched a post-COVID-19 initiative that enables contactless payments in third-party applications through mini-programs. Furthermore, eCommerce sales across the globe have increased since the lockdown, particularly for groceries and health products, even though many retailers are struggling with logistics. For instance, in the UK, online retail order volumes have risen by over 200% on some products since the COVID-19 outbreak.

Payment Processing Market Dynamics

Driver: Increasing eCommerce sales along with growing internet penetration

Internet access has reached all corners of the world, and this has led to a boost in the online shopping industry. Smartphones have also become an essential part of several people in the 21st century. The growth of eCommerce is driven by the rapid technology adoption, which is led by the rising use of devices, such as smartphones and tablets, and access to the internet through 4G, 5G, and so on. The constant acceleration of eCommerce supports the use of ePayments and brings about significant benefits. ePayments help overcome the complicated and costly process of physically collecting cash for a product purchased or sold online. Furthermore, innovations in ePayments can ease the process of carrying out payments and other financial services, which can boost additional eCommerce opportunities. Thus, rising eCommerce sales are expected to impact the growth of the payment processing solutions market positively.

Restraints: Evolving customer expectations

Digital currencies are emerging in the global payments system and are likely to revolutionize the entire ecosystem of investments and monetary financing owing to its characteristics of technological innovation, immediacy, and security. Digital payments provide important customer insights that are expected to help organizations in framing future strategies. The transaction data captured through digital payments provides merchants with clear customer insights and helps improve different aspects of business, including decisions related to marketing, promotions, and customer services. Retailers are also integrating new technologies, such as digital wallets and contactless payments into their checkout environments to make the process easier for their customers.

Opportunity: Rising financial inclusion across the globe

Payment services play a crucial role in developing a country’s economy. With digitization and constant technological developments, this technology can increasingly offer consumers and businesses with various ways of conducting transactions that are tailored, convenient, and flexible. Digital payments can also assist financial inclusion, facilitate budgeting, and enable actions to prevent and tackle economic crimes.

Governments recognize that the growth in the use of digital payments has been rapid, and they want to make sure that everyone has the opportunity to be able to pay for goods and services digitally. That is why various initiatives are being undertaken, which has already helped make digital payments simpler, quicker, and cheaper.

Challenge: Threat of increasing cyberattacks on digital payment solutions

Evolving cyberattack landscape is expected to affect market growth. Cyberattacks are a major roadblock in the adoption of digital payment solutions. It is one of the most critical challenges that the payment industry has to face in the current scenario. Embracing payment technologies and integrating these in businesses has also increased risks and concerns around the privacy of data, theft of information, and compliance with regulatory norms. New and evolving cyberattacks affect businesses by using mobile malware to break into payment systems to get the cardholder data. Evolving types of frauds include friendly fraud, affiliate fraud, botnets, phishing, velocity attacks, and triangulation.

By payment method, the credit card segment to hold the largest market size during the forecast period

A credit card is a payment card issued to users (cardholders), enabling the cardholder to pay a merchant for goods and services and pay them for the amounts along with the other agreed charges. The card issuer (usually a bank) creates a revolving account and grants a line of credit to the cardholder, from which the cardholder can borrow money for payment to a merchant or as a cash advance. A credit card enables consumers to build a continuing balance of debt, subject to interest being charged.

Payment Processing Solutions Market by Region

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Asia Pacific to hold the largest market size during the forecast period

APAC consumers prefer equal measures of seamless and security in all aspects of their digital payment transactions. The growing retail market in the region has enabled global payment processing solution providers to focus more in this region for providing advanced solutions. The region has some growing economies, such as China, India, Indonesia, and Malaysia, where a large number of transactions are done via mobile on a daily basis. This has also enforced the respective governments to focus on ease of payment methods for consumers. According to the report of The Mobile Economy Asia Pacific 2019, published by GSMA, mobile technologies and services generated 5.3% of the total GDP across APAC, in 2018. The report further stated that at the end of 2018, 1.9 billion people across the region were connected to mobile internet with the addition of 200 million new subscribers as compared to its earlier year. Additionally, according to the report, two-thirds of new subscribers are expected to be from India and China by 2025.

Market Players

Major vendors in the payment processing solutions market include PayPal (US), Fiserv (US), Global Payments (US), FIS (US), Square (US), Stripe (US), MasterCard (US), Visa (US), Dwolla (US), ACI Worldwide (US), Adyen (Netherlands), Paysafe (UK), Jack Henry & Associates (US), Wirecard (Germany), and PayU (Netherlands).

Scope of the report:

Report Metric

Details

Market size available for years

2014-2025

Base year considered

2019

Forecast period

2020–2025

Forecast units

Value (USD)

Segments covered

Payment Method, Mode of Deployment, Vertical, and Region

Geographies covered

North America, Europe, APAC, MEA, and Latin America

Companies covered

PayPal (US), Fiserv (US), Global Payments (US), FIS (US), Square (US), Stripe (US), MasterCard (US), Visa (US), Dwolla (US), ACI Worldwide (US), Adyen (Netherlands), Paysafe (UK), Jack Henry & Associates (US), Wirecard (Germany), and PayU (Netherlands).

This research report categorizes the payment processing solutions market based on the payment method, vertical, and region.

By payment method

  • Debit Card
  • Credit Card
  • eWallet
  • ACH
  • Others (Bank transfers, prepaid debit card, and checks-to-ACH transfers)

By mode of deployment

  • On-premises
  • Cloud-based

By vertical

  • BFSI
  • Government and Utilities
  • Telecom and IT
  • Healthcare
  • Real Estate
  • Retail and eCommerce
  • Media and Entertainment
  • Travel and Hospitality
  • Others (Educational institution and non-governmental organizations)

By region:

  • North America
    • United States (US)
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Nordic Countries
    • Rest of Europe
  • Asia Pacific
    • Chins
    • Japan
    • India
    • Australia
    • Rest of Asia Pacific
  • MEA
    • GCC countries
    • South Africa
    • Rest of MEA
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

Recent Developments:

  • In December 2019, Citi Bank and PayPal expanded their partnership to enable the bank’s institutional clients to make payments into customers’ PayPal digital wallets.
  • In July 2019, Fiserv, a leading global provider of financial services technology solutions, announced the completion of the acquisition of First Data Corporation. With the transaction complete, Fiserv is one of the world’s leading payments and financial technology providers with the ability to deliver unique value to financial institutions, corporate and merchant clients, and consumers.
  • In July 2019, FIS acquired Worldpay, one of the world’s leading global eCommerce and payment technology companies, to become a global leader in technology and solutions for merchants, banks, and capital markets.
  • In May 2019, ACI Worldwide acquired Speedpay, Western Union’s United States bill pay business for USD750 million. With this acquisition, the company expanded its reach into existing and complementary segments such as insurance, consumer finance, higher education, healthcare, utilities, government, and mortgage.
  • In March 2019, Square expanded its omnichannel offerings with a new Square Online Store and a revamped Square for Retail. The two products offer sellers the tools to have one cohesive solution to start or grow an omnichannel business.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 22)
    1.1 INTRODUCTION TO COVID-19
    1.2 COVID-19 HEALTH ASSESSMENT
        FIGURE 1 COVID-19: THE GLOBAL PROPAGATION
        FIGURE 2 COVID-19 PROPAGATION: SELECT COUNTRIES
    1.3 COVID-19 ECONOMIC ASSESSMENT
        FIGURE 3 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020
           1.3.1 COVID-19 ECONOMIC IMPACT—SCENARIO ASSESSMENT
                 FIGURE 4 CRITERIA IMPACTING THE GLOBAL ECONOMY
                 FIGURE 5 RECOVERY SCENARIOS OF THE GLOBAL ECONOMY
    1.4 OBJECTIVES OF THE STUDY
    1.5 MARKET DEFINITION
           1.5.1 INCLUSIONS AND EXCLUSIONS
                 TABLE 1 PAYMENT PROCESSING SOLUTIONS MARKET, BY PAYMENT METHOD, INCLUSION, AND EXCLUSION
                 TABLE 2 MARKET, BY VERTICAL, INCLUSION, AND EXCLUSION
    1.6 MARKET SCOPE
           1.6.1 MARKET SEGMENTATION
           1.6.2 REGIONS COVERED
           1.6.3 YEARS CONSIDERED FOR THE STUDY
    1.7 CURRENCY CONSIDERED
    1.8 STAKEHOLDERS
    1.9 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 33)
    2.1 RESEARCH DATA
        FIGURE 6 PAYMENT PROCESSING SOLUTIONS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Breakup of primary interviews
                    2.1.2.2 Key industry insights
    2.2 MARKET BREAKUP AND DATA TRIANGULATION
    2.3 MARKET SIZE ESTIMATION
        FIGURE 7 MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES
           2.3.1 TOP-DOWN APPROACH
           2.3.2 BOTTOM-UP APPROACH
                 FIGURE 8 MARKET ESTIMATION APPROACH: DEMAND-SIDE ANALYSIS
                 FIGURE 9 PAYMENT PROCESSING SOLUTIONS MARKET ESTIMATION APPROACH: SUPPLY-SIDE ANALYSIS
    2.4 MARKET FORECAST
        TABLE 3 FACTOR ANALYSIS
    2.5 COMPANY EVALUATION MATRIX METHODOLOGY
        FIGURE 10 COMPANY EVALUATION MATRIX: CRITERIA WEIGHTAGE
    2.6 ASSUMPTIONS FOR THE STUDY
        FIGURE 11 ASSUMPTIONS FOR THE STUDY
    2.7 LIMITATIONS OF THE STUDY

3 EXECUTIVE SUMMARY (Page No. - 41)
  FIGURE 12 PAYMENT PROCESSING SOLUTIONS MARKET, TOP 3 SEGMENTS, 2020
  FIGURE 13 CREDIT CARD SEGMENT TO HAVE THE HIGHEST MARKET SHARE IN 2020

4 PREMIUM INSIGHTS (Page No. - 43)
    4.1 ATTRACTIVE OPPORTUNITIES IN THE PAYMENT PROCESSING SOLUTIONS MARKET
        FIGURE 14 RISING GOVERNMENT INITIATIVES FOR DIGITAL PAYMENTS TO ACT AS AN OPPORTUNITY IN THE MARKET
    4.2 GLOBAL MARKET; MARKET SHARE OF TOP TWO PAYMENT METHODS AND REGIONS
        FIGURE 15 CREDIT CARD SEGMENT AND ASIA PACIFIC TO HAVE HIGHER MARKET SHARES IN 2020
    4.3 MARKET: INVESTMENT SCENARIO
        FIGURE 16 ASIA PACIFIC TO EMERGE AS THE MOST LUCRATIVE MARKET FOR INVESTMENTS OVER THE NEXT FIVE YEARS

5 MARKET OVERVIEW AND INDUSTRY TRENDS (Page No. - 45)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
        FIGURE 17 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
                            FIGURE 18 UNITED STATES ECOMMERCE RETAIL SALES (USD BILLION)
                    5.2.1.2 Embracing contactless payments globally
                            FIGURE 19 GLOBAL CONTACTLESS PAYMENTS MARKET (USD MILLION)
                    5.2.1.3 Evolving customer expectations
                    5.2.1.4 Rising use of mCommerce in the transportation industry
           5.2.2 RESTRAINTS
                    5.2.2.1 Absence of a global standard for cross-border transactions
                    5.2.2.2 Lack of digital literacy in emerging countries
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Rising financial inclusion across the globe
                    5.2.3.2 Rising government and private initiatives to promote digital transactions
           5.2.4 CHALLENGES
                    5.2.4.1 Threat of increasing cyberattacks on digital payment solutions
    5.3 COVID-19 PANDEMIC-DRIVEN MARKET DYNAMICS AND FACTOR ANALYSIS
        TABLE 4 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: PAYMENT PROCESSING SOLUTIONS MARKET
           5.3.1 COVID-19 DYNAMICS THAT IMPACT THE MARKET GROWTH
    5.4 STANDARDS AND REGULATORY IMPLICATIONS
           5.4.1 PAYMENT CARD INDUSTRY SECURITY STANDARDS COUNCIL
           5.4.2 PAYMENT CARD INDUSTRY DATA SECURITY STANDARD
           5.4.3 PAYMENT SERVICES DIRECTIVE
           5.4.4 FIRST PAYMENT SERVICES DIRECTIVE
           5.4.5 SECOND PAYMENT SERVICES DIRECTIVE
    5.5 PAYMENT PROCESSING MARKET: VALUE CHAIN ANALYSIS
        FIGURE 20 PAYMENT PROCESSING VALUE CHAIN
           5.5.1 MERCHANT
           5.5.2 MERCHANT ACQUIRER
           5.5.3 CARD NETWORK
           5.5.4 ISSUING BANK
    5.6 TECHNOLOGY ANALYSIS
        TABLE 5 DIGITAL TECHNOLOGY ENABLERS, THEIR BENEFITS, AND EXAMPLES IN PAYMENT PROCESSING SOLUTIONS MARKET
    5.7 PRICING ANALYSIS
        FIGURE 21 PRICING ANALYSIS
    5.8 CASE STUDY ANALYSIS
           5.8.1 RETAIL AND ECOMMERCE
           5.8.2 BANKING, FINANCIAL SERVICES, AND INSURANCE
           5.8.3 HEALTHCARE
           5.8.4 TRAVEL AND HOSPITALITY

6 PAYMENT PROCESSING SOLUTIONS MARKET, BY PAYMENT METHOD (Page No. - 61)
    6.1 INTRODUCTION
        FIGURE 22 EWALLET SEGMENT TO GROW AT THE HIGHEST CAGR DURING FORECAST PERIOD
        TABLE 6 MARKET SIZE, BY PAYMENT METHOD, 2014–2019 (USD MILLION)
        TABLE 7 MARKET SIZE, BY PAYMENT METHOD, 2019–2025 (USD MILLION)
    6.2 EWALLET
           6.2.1 EWALLET: MARKET DRIVERS
           6.2.2 EWALLET: IMPACT OF COVID-19
                 TABLE 8 EWALLET: MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                 TABLE 9 EWALLET: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
    6.3 CREDIT CARD
           6.3.1 CREDIT CARD: MARKET DRIVERS
           6.3.2 CREDIT CARD: IMPACT OF COVID-19
                 TABLE 10 CREDIT CARD: MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                 TABLE 11 CREDIT CARD: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
    6.4 DEBIT CARD
           6.4.1 DEBIT CARD: PAYMENT PROCESSING SOLUTIONS MARKET DRIVERS
           6.4.2 DEBIT CARD: IMPACT OF COVID-19
                 TABLE 12 DEBIT CARD: MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                 TABLE 13 DEBIT CARD: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
    6.5 AUTOMATIC CLEARING HOUSE
           6.5.1 AUTOMATIC CLEARING HOUSE: PAYMENT PROCESSING SOLUTION MARKET DRIVERS
           6.5.2 AUTOMATIC CLEARING HOUSE: IMPACT OF COVID-19
                 TABLE 14 AUTOMATIC CLEARING HOUSE: MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                 TABLE 15 AUTOMATIC CLEARING HOUSE: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
    6.6 OTHERS
           6.6.1 OTHERS: PAYMENT PROCESSING SOLUTION PAYMENT MODE MARKET DRIVERS
           6.6.2 OTHERS: IMPACT OF COVID-19
                 TABLE 16 OTHERS: MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                 TABLE 17 OTHERS: MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)

7 PAYMENT PROCESSING SOLUTIONS MARKET, BY DEPLOYMENT TYPE (Page No. - 72)
    7.1 INTRODUCTION
        FIGURE 23 CLOUD-BASED SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD
        TABLE 18 MARKET SIZE, BY DEPLOYMENT MODE, 2014–2019 (USD MILLION)
        TABLE 19 MARKET SIZE, BY DEPLOYMENT MODE, 2019–2025 (USD MILLION)
    7.2 ON-PREMISES
           7.2.1 ON-PREMISES: MARKET DRIVERS
           7.2.2 ON-PREMISES: IMPACT OF COVID-19
                 TABLE 20 ON-PREMISES: MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                 TABLE 21 ON-PREMISES: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
    7.3 CLOUD-BASED
           7.3.1 CLOUD-BASED: MARKET DRIVERS
           7.3.2 CLOUD-BASED: IMPACT OF COVID-19
                 TABLE 22 CLOUD-BASED: MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                 TABLE 23 CLOUD-BASED: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)

8 PAYMENT PROCESSING SOLUTIONS MARKET, BY VERTICAL (Page No. - 77)
    8.1 INTRODUCTION
        FIGURE 24 REAL ESTATE VERTICAL TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
        TABLE 24 MARKET SIZE, BY VERTICAL, 2014–2019 (USD MILLION)
        TABLE 25 MARKET SIZE, BY VERTICAL, 2019–2025 (USD MILLION)
    8.2 BANKING, FINANCIAL SERVICES, AND INSURANCE
           8.2.1 BANKING, FINANCIAL SERVICES, AND INSURANCE: PAYMENT PROCESSING SOLUTION MARKET DRIVERS
           8.2.2 BANKING, FINANCIAL SERVICES, AND INSURANCE: IMPACT OF COVID-19
                 TABLE 26 BANKING, FINANCIAL SERVICES, AND INSURANCE: MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                 TABLE 27 BANKING, FINANCIAL SERVICES, AND INSURANCE: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
    8.3 GOVERNMENT AND UTILITIES
           8.3.1 GOVERNMENT AND UTILITIES: PAYMENT PROCESSING SOLUTION MARKET DRIVERS
           8.3.2 GOVERNMENT AND UTILITIES: IMPACT OF COVID-19
                 TABLE 28 GOVERNMENT AND UTILITIES: PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                 TABLE 29 GOVERNMENT AND UTILITIES: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
    8.4 TELECOM AND IT
           8.4.1 TELECOM AND IT: MARKET DRIVERS
           8.4.2 TELECOM AND IT: IMPACT OF COVID-19
                 TABLE 30 TELECOM AND IT: MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                 TABLE 31 TELECOM AND IT: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
    8.5 HEALTHCARE
           8.5.1 HEALTHCARE: MARKET DRIVERS
           8.5.2 HEALTHCARE: IMPACT OF COVID-19
                 TABLE 32 HEALTHCARE: MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                 TABLE 33 HEALTHCARE: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
    8.6 REAL ESTATE
           8.6.1 REAL ESTATE: PAYMENT PROCESSING SOLUTIONS MARKET DRIVERS
           8.6.2 REAL ESTATE: IMPACT OF COVID-19
                 TABLE 34 REAL ESTATE: MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                 TABLE 35 REAL ESTATE: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
    8.7 RETAIL AND ECOMMERCE
           8.7.1 RETAIL AND ECOMMERCE: MARKET DRIVERS
           8.7.2 RETAIL AND ECOMMERCE: IMPACT OF COVID-19
                 TABLE 36 RETAIL AND ECOMMERCE: MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                 TABLE 37 RETAIL AND ECOMMERCE: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
    8.8 MEDIA AND ENTERTAINMENT
           8.8.1 MEDIA AND ENTERTAINMENT: MARKET DRIVERS
           8.8.2 MEDIA AND ENTERTAINMENT: IMPACT OF COVID-19
                 TABLE 38 MEDIA AND ENTERTAINMENT: MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                 TABLE 39 MEDIA AND ENTERTAINMENT: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
    8.9 TRAVEL AND HOSPITALITY
           8.9.1 TRAVEL AND HOSPITALITY: PAYMENT PROCESSING SOLUTIONS MARKET DRIVERS
           8.9.2 TRAVEL AND HOSPITALITY: IMPACT OF COVID-19
                 TABLE 40 TRAVEL AND HOSPITALITY: MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                 TABLE 41 TRAVEL AND HOSPITALITY: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
    8.10 OTHER VERTICALS
         TABLE 42 OTHER VERTICALS: MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
         TABLE 43 OTHER VERTICALS: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)

9 PAYMENT PROCESSING SOLUTIONS MARKET, BY REGION (Page No. - 95)
    9.1 INTRODUCTION
        FIGURE 25 ASIA PACIFIC TO REGISTER THE HIGHEST CAGR DURING THE FORECAST PERIOD
        TABLE 44 MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
        TABLE 45 MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
    9.2 NORTH AMERICA
           9.2.1 NORTH AMERICA: MARKET DRIVERS
           9.2.2 NORTH AMERICA: IMPACT OF COVID-19
                 FIGURE 26 NORTH AMERICA: PAYMENT PROCESSING SOLUTIONS MARKET SNAPSHOT
                 TABLE 46 NORTH AMERICA: MARKET SIZE, BY PAYMENT METHOD, 2014–2019 (USD MILLION)
                 TABLE 47 NORTH AMERICA: MARKET SIZE, BY PAYMENT METHOD, 2019–2025 (USD MILLION)
                 TABLE 48 NORTH AMERICA: MARKET SIZE, BY MODE OF DEPLOYMENT, 2014–2019 (USD MILLION)
                 TABLE 49 NORTH AMERICA: MARKET SIZE, BY MODE OF DEPLOYMENT, 2019–2025 (USD MILLION)
                 TABLE 50 NORTH AMERICA: MARKET SIZE, BY VERTICAL, 2014–2019 (USD MILLION)
                 TABLE 51 NORTH AMERICA: MARKET SIZE, BY VERTICAL, 2019–2025 (USD MILLION)
                 TABLE 52 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2014–2019 (USD MILLION)
                 TABLE 53 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2019–2025 (USD MILLION)
           9.2.3 UNITED STATES
                 TABLE 54 UNITED STATES: PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY PAYMENT METHOD, 2014–2019 (USD MILLION)
                 TABLE 55 UNITED STATES: MARKET SIZE, BY PAYMENT METHOD, 2019–2025 (USD MILLION)
                 TABLE 56 UNITED STATES: MARKET SIZE, BY MODE OF DEPLOYMENT, 2014–2019 (USD MILLION)
                 TABLE 57 UNITED STATES: MARKET SIZE, BY MODE OF DEPLOYMENT, 2019–2025 (USD MILLION)
                 TABLE 58 UNITED STATES: MARKET SIZE, BY VERTICAL, 2014–2019 (USD MILLION)
                 TABLE 59 UNITED STATES: MARKET SIZE, BY VERTICAL, 2019–2025 (USD MILLION)
           9.2.4 CANADA
                 TABLE 60 CANADA: PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY PAYMENT METHOD, 2014–2019 (USD MILLION)
                 TABLE 61 CANADA: MARKET SIZE, BY PAYMENT METHOD, 2019–2025 (USD MILLION)
                 TABLE 62 CANADA: MARKET SIZE, BY MODE OF DEPLOYMENT, 2014–2019 (USD MILLION)
                 TABLE 63 CANADA: MARKET SIZE, BY MODE OF DEPLOYMENT, 2019–2025 (USD MILLION)
                 TABLE 64 CANADA: MARKET SIZE, BY VERTICAL, 2014–2019 (USD MILLION)
                 TABLE 65 CANADA: MARKET SIZE, BY VERTICAL, 2019–2025 (USD MILLION)
    9.3 EUROPE
           9.3.1 EUROPE: PAYMENT PROCESSING SOLUTIONS MARKET DRIVERS
           9.3.2 EUROPE: IMPACT OF COVID-19
                 TABLE 66 EUROPE: MARKET SIZE, BY PAYMENT METHOD, 2014–2019 (USD MILLION)
                 TABLE 67 EUROPE: MARKET SIZE, BY PAYMENT METHOD, 2019–2025 (USD MILLION)
                 TABLE 68 EUROPE: MARKET SIZE, BY MODE OF DEPLOYMENT, 2014–2019 (USD MILLION)
                 TABLE 69 EUROPE: MARKET SIZE, BY MODE OF DEPLOYMENT, 2019–2025 (USD MILLION)
                 TABLE 70 EUROPE: MARKET SIZE, BY VERTICAL, 2014–2019 (USD MILLION)
                 TABLE 71 EUROPE: MARKET SIZE, BY VERTICAL, 2019–2025 (USD MILLION)
                 TABLE 72 EUROPE: MARKET SIZE, BY COUNTRY, 2014–2019 (USD MILLION)
                 TABLE 73 EUROPE: MARKET SIZE, BY COUNTRY 2019–2025 (USD MILLION)
           9.3.3 GERMANY
                 TABLE 74 GERMANY: PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY PAYMENT METHOD, 2014–2019 (USD MILLION)
                 TABLE 75 GERMANY: MARKET SIZE, BY PAYMENT METHOD, 2019–2025 (USD MILLION)
                 TABLE 76 GERMANY: MARKET SIZE, BY MODE OF DEPLOYMENT, 2014–2019 (USD MILLION)
                 TABLE 77 GERMANY: MARKET SIZE, BY MODE OF DEPLOYMENT, 2019–2025 (USD MILLION)
                 TABLE 78 GERMANY: MARKET SIZE, BY VERTICAL, 2014–2019 (USD MILLION)
                 TABLE 79 GERMANY: MARKET SIZE, BY VERTICAL, 2019–2025 (USD MILLION)
           9.3.4 UNITED KINGDOM
                 TABLE 80 UNITED KINGDOM: PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY PAYMENT METHOD, 2014–2019 (USD MILLION)
                 TABLE 81 UNITED KINGDOM: MARKET SIZE, BY PAYMENT METHOD, 2019–2025 (USD MILLION)
                 TABLE 82 UNITED KINGDOM: MARKET SIZE, BY MODE OF DEPLOYMENT, 2014–2019 (USD MILLION)
                 TABLE 83 UNITED KINGDOM: MARKET SIZE, BY MODE OF DEPLOYMENT, 2019–2025 (USD MILLION)
                 TABLE 84 UNITED KINGDOM: MARKET SIZE, BY VERTICAL, 2014–2019 (USD MILLION)
                 TABLE 85 UNITED KINGDOM: MARKET SIZE, BY VERTICAL, 2019–2025 (USD MILLION)
           9.3.5 FRANCE
                 TABLE 86 FRANCE: PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY PAYMENT METHOD, 2014–2019 (USD MILLION)
                 TABLE 87 FRANCE: MARKET SIZE, BY PAYMENT METHOD, 2019–2025 (USD MILLION)
                 TABLE 88 FRANCE: MARKET SIZE, BY MODE OF DEPLOYMENT, 2014–2019 (USD MILLION)
                 TABLE 89 FRANCE: MARKET SIZE, BY MODE OF DEPLOYMENT, 2019–2025 (USD MILLION)
                 TABLE 90 FRANCE MARKET SIZE, BY VERTICAL, 2014–2019 (USD MILLION)
                 TABLE 91 FRANCE: MARKET SIZE, BY VERTICAL, 2019–2025 (USD MILLION)
           9.3.6 NORDIC COUNTRIES
                 TABLE 92 NORDIC COUNTRIES: PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY PAYMENT METHOD, 2014–2019 (USD MILLION)
                 TABLE 93 NORDIC COUNTRIES: MARKET SIZE, BY PAYMENT METHOD, 2019–2025 (USD MILLION)
                 TABLE 94 NORDIC COUNTRIES: MARKET SIZE, BY MODE OF DEPLOYMENT, 2014–2019 (USD MILLION)
                 TABLE 95 NORDIC COUNTRIES: MARKET SIZE, BY MODE OF DEPLOYMENT, 2019–2025 (USD MILLION)
                 TABLE 96 NORDIC COUNTRIES: MARKET SIZE, BY VERTICAL, 2014–2019 (USD MILLION)
                 TABLE 97 NORDIC COUNTRIES: MARKET SIZE, BY VERTICAL, 2019–2025 (USD MILLION)
           9.3.7 REST OF EUROPE
    9.4 ASIA PACIFIC
           9.4.1 ASIA PACIFIC: PAYMENT PROCESSING SOLUTIONS MARKET DRIVERS
           9.4.2 ASIA PACIFIC: IMPACT OF COVID-19
                 FIGURE 27 ASIA PACIFIC: MARKET SNAPSHOT
                 TABLE 98 ASIA PACIFIC: MARKET SIZE, BY PAYMENT METHOD, 2014–2019 (USD MILLION)
                 TABLE 99 ASIA PACIFIC: MARKET SIZE, BY PAYMENT METHOD, 2019–2025 (USD MILLION)
                 TABLE 100 ASIA PACIFIC: MARKET SIZE, BY MODE OF DEPLOYMENT, 2014–2019 (USD MILLION)
                 TABLE 101 ASIA PACIFIC: MARKET SIZE, BY MODE OF DEPLOYMENT, 2019–2025 (USD MILLION)
                 TABLE 102 ASIA PACIFIC: MARKET SIZE, BY VERTICAL, 2014–2019 (USD MILLION)
                 TABLE 103 ASIA PACIFIC: MARKET SIZE, BY VERTICAL, 2019–2025 (USD MILLION)
                 TABLE 104 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2014–2019 (USD MILLION)
                 TABLE 105 ASIA PACIFIC: MARKET SIZE, BY COUNTRY 2019–2025 (USD MILLION)
           9.4.3 CHINA
                 TABLE 106 CHINA: PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY PAYMENT METHOD, 2014–2019 (USD MILLION)
                 TABLE 107 CHINA: MARKET SIZE, BY PAYMENT METHOD, 2019–2025 (USD MILLION)
                 TABLE 108 CHINA: MARKET SIZE, BY MODE OF DEPLOYMENT, 2014–2019 (USD MILLION)
                 TABLE 109 CHINA: MARKET SIZE, BY MODE OF DEPLOYMENT, 2019–2025 (USD MILLION)
                 TABLE 110 CHINA: MARKET SIZE, BY VERTICAL, 2014–2019 (USD MILLION)
                 TABLE 111 CHINA: MARKET SIZE, BY VERTICAL, 2019–2025 (USD MILLION)
           9.4.4 JAPAN
                 TABLE 112 JAPAN: PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY PAYMENT METHOD, 2014–2019 (USD MILLION)
                 TABLE 113 JAPAN: MARKET SIZE, BY PAYMENT METHOD, 2019–2025 (USD MILLION)
                 TABLE 114 JAPAN: MARKET SIZE, BY MODE OF DEPLOYMENT, 2014–2019 (USD MILLION)
                 TABLE 115 JAPAN: MARKET SIZE, BY MODE OF DEPLOYMENT, 2019–2025 (USD MILLION)
                 TABLE 116 JAPAN: MARKET SIZE, BY VERTICAL, 2014–2019 (USD MILLION)
                 TABLE 117 JAPAN: MARKET SIZE, BY VERTICAL, 2019–2025 (USD MILLION)
           9.4.5 INDIA
                 TABLE 118 INDIA: PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY PAYMENT METHOD, 2014–2019 (USD MILLION)
                 TABLE 119 INDIA: MARKET SIZE, BY PAYMENT METHOD, 2019–2025 (USD MILLION)
                 TABLE 120 INDIA: MARKET SIZE, BY MODE OF DEPLOYMENT, 2014–2019 (USD MILLION)
                 TABLE 121 INDIA: MARKET SIZE, BY MODE OF DEPLOYMENT, 2019–2025 (USD MILLION)
                 TABLE 122 INDIA: MARKET SIZE, BY VERTICAL, 2014–2019 (USD MILLION)
                 TABLE 123 INDIA: MARKET SIZE, BY VERTICAL, 2019–2025 (USD MILLION)
           9.4.6 AUSTRALIA
                 TABLE 124 AUSTRALIA: PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY PAYMENT METHOD, 2014–2019 (USD MILLION)
                 TABLE 125 AUSTRALIA: MARKET SIZE, BY PAYMENT METHOD, 2019–2025 (USD MILLION)
                 TABLE 126 AUSTRALIA: MARKET SIZE, BY MODE OF DEPLOYMENT, 2014–2019 (USD MILLION)
                 TABLE 127 AUSTRALIA: MARKET SIZE, BY MODE OF DEPLOYMENT, 2019–2025 (USD MILLION)
                 TABLE 128 AUSTRALIA: MARKET SIZE, BY VERTICAL, 2014–2019 (USD MILLION)
                 TABLE 129 AUSTRALIA: MARKET SIZE, BY VERTICAL, 2019–2025 (USD MILLION)
           9.4.7 REST OF ASIA PACIFIC
    9.5 MIDDLE EAST AND AFRICA
           9.5.1 MIDDLE EAST AND AFRICA: MARKET DRIVERS
           9.5.2 MIDDLE EAST AND AFRICA: IMPACT OF COVID-19
                 TABLE 130 MIDDLE EAST AND AFRICA: PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY PAYMENT METHOD, 2014–2019 (USD MILLION)
                 TABLE 131 MIDDLE EAST AND PROCESSING SOLUTIONS MARKET SIZE, BY PAYMENT METHOD, 2019–2025 (USD MILLION)
                 TABLE 132 MIDDLE EAST AND AFRICA: MARKET SIZE, BY MODE OF DEPLOYMENT, 2014–2019 (USD MILLION)
                 TABLE 133 MIDDLE EAST AND PROCESSING SOLUTIONS MARKET SIZE, BY MODE OF DEPLOYMENT, 2019–2025 (USD MILLION)
                 TABLE 134 MIDDLE EAST AND AFRICA: MARKET SIZE, BY VERTICAL, 2014–2019 (USD MILLION)
                 TABLE 135 MIDDLE EAST AND AFRICA: MARKET SIZE, BY VERTICAL, 2019–2025 (USD MILLION)
                 TABLE 136 MIDDLE EAST AND AFRICA: MARKET SIZE, BY COUNTRY, 2014–2019 (USD MILLION)
                 TABLE 137 MIDDLE EAST AND AFRICA: MARKET SIZE, BY COUNTRY 2019–2025 (USD MILLION)
           9.5.3 SOUTH AFRICA
                 TABLE 138 SOUTH AFRICA: PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY PAYMENT METHOD, 2014–2019 (USD MILLION)
                 TABLE 139 SOUTH AFRICA: MARKET SIZE, BY PAYMENT METHOD, 2019–2025 (USD MILLION)
                 TABLE 140 SOUTH AFRICA: MARKET SIZE, BY MODE OF DEPLOYMENT, 2014–2019 (USD MILLION)
                 TABLE 141 SOUTH AFRICA: MARKET SIZE, BY MODE OF DEPLOYMENT, 2019–2025 (USD MILLION)
                 TABLE 142 SOUTH AFRICA: MARKET SIZE, BY VERTICAL, 2014–2019 (USD MILLION)
                 TABLE 143 SOUTH AFRICA: MARKET SIZE, BY VERTICAL, 2019–2025 (USD MILLION)
           9.5.4 GCC COUNTRIES
                 TABLE 144 GCC COUNTRIES: PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY PAYMENT METHOD, 2014–2019 (USD MILLION)
                 TABLE 145 GCC COUNTRIES: MARKET SIZE, BY PAYMENT METHOD, 2019–2025 (USD MILLION)
                 TABLE 146 GCC COUNTRIES: MARKET SIZE, BY MODE OF DEPLOYMENT, 2014–2019 (USD MILLION)
                 TABLE 147 GCC COUNTRIES: MARKET SIZE, BY MODE OF DEPLOYMENT, 2019–2025 (USD MILLION)
                 TABLE 148 GCC COUNTRIES: MARKET SIZE, BY VERTICAL, 2014–2019 (USD MILLION)
                 TABLE 149 GCC COUNTRIES: MARKET SIZE, BY VERTICAL, 2019–2025 (USD MILLION)
           9.5.5 REST OF MIDDLE EAST AND AFRICA
    9.6 LATIN AMERICA
           9.6.1 LATIN AMERICA: PAYMENT PROCESSING SOLUTIONS MARKET DRIVERS
           9.6.2 LATIN AMERICA: IMPACT OF COVID-19
                 TABLE 150 LATIN AMERICA: MARKET SIZE, BY PAYMENT METHOD, 2014–2019 (USD MILLION)
                 TABLE 151 LATIN AMERICA: MARKET SIZE, BY PAYMENT METHOD, 2019–2025 (USD MILLION)
                 TABLE 152 LATIN AMERICA: MARKET SIZE, BY MODE OF DEPLOYMENT, 2014–2019 (USD MILLION)
                 TABLE 153 LATIN AMERICA: MARKET SIZE, BY MODE OF DEPLOYMENT, 2019–2025 (USD MILLION)
                 TABLE 154 LATIN AMERICA: MARKET SIZE, BY VERTICAL, 2014–2019 (USD MILLION)
                 TABLE 155 LATIN AMERICA: MARKET SIZE, BY VERTICAL, 2019–2025 (USD MILLION)
                 TABLE 156 LATIN AMERICA: MARKET SIZE, BY COUNTRY, 2014–2019 (USD MILLION)
                 TABLE 157 LATIN AMERICA: MARKET SIZE, BY COUNTRY 2019–2025 (USD MILLION)
           9.6.3 BRAZIL
                 TABLE 158 BRAZIL: PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY PAYMENT METHOD, 2014–2019 (USD MILLION)
                 TABLE 159 BRAZIL: MARKET SIZE, BY PAYMENT METHOD, 2019–2025 (USD MILLION)
                 TABLE 160 BRAZIL: MARKET SIZE, BY MODE OF DEPLOYMENT, 2014–2019 (USD MILLION)
                 TABLE 161 BRAZIL: MARKET SIZE, BY MODE OF DEPLOYMENT, 2019–2025 (USD MILLION)
                 TABLE 162 BRAZIL: MARKET SIZE, BY VERTICAL, 2014–2019 (USD MILLION)
                 TABLE 163 BRAZIL: MARKET SIZE, BY VERTICAL, 2019–2025 (USD MILLION)
           9.6.4 MEXICO
                 TABLE 164 MEXICO: PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY PAYMENT METHOD, 2014–2019 (USD MILLION)
                 TABLE 165 MEXICO: MARKET SIZE, BY PAYMENT METHOD, 2019–2025 (USD MILLION)
                 TABLE 166 MEXICO: MARKET SIZE, BY MODE OF DEPLOYMENT, 2014–2019 (USD MILLION)
                 TABLE 167 MEXICO: MARKET SIZE, BY MODE OF DEPLOYMENT, 2019–2025 (USD MILLION)
                 TABLE 168 MEXICO: MARKET SIZE, BY VERTICAL, 2014–2019 (USD MILLION)
                 TABLE 169 MEXICO: MARKET SIZE, BY VERTICAL, 2019–2025 (USD MILLION)
           9.6.5 REST OF LATIN AMERICA

10 COMPETITIVE LANDSCAPE (Page No. - 157)
     10.1 INTRODUCTION
     10.2 MARKET EVALUATION FRAMEWORK
          FIGURE 28 MARKET EVALUATION FRAMEWORK, PAYMENT PROCESSING SOLUTIONS FRAMEWORK
     10.3 REVENUE ANALYSIS OF LEADING PLAYERS
          FIGURE 29 PAYMENT PROCESSING SOLUTIONS, REVENUE ANALYSIS
     10.4 HISTORICAL REVENUE ANALYSIS
          FIGURE 30 REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS
     10.5 RANKING OF KEY PLAYERS IN THE MARKET, 2020
          FIGURE 31 PAYMENT PROCESSING SOLUTIONS MARKET, TOP 5 PLAYERS

11 COMPANY EVALUATION MATRIX AND COMPANY PROFILES (Page No. - 161)
     11.1 COMPANY EVALUATION MATRIX
             11.1.1 COMPANY EVALUATION MATRIX DEFINITIONS AND METHODOLOGY
                    TABLE 170 EVALUATION CRITERIA
             11.1.2 STAR
             11.1.3 PERVASIVE
             11.1.4 EMERGING LEADERS
                    FIGURE 32 PAYMENT PROCESSING SOLUTIONS MARKET (GLOBAL), COMPANY EVALUATION MATRIX, 2020
     11.2 COMPANY PROFILES
(Business Overview, Solutions & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
             11.2.1 PAYPAL
                    FIGURE 33 PAYPAL: COMPANY SNAPSHOT
                    FIGURE 34 PAYPAL: SWOT ANALYSIS
             11.2.2 FISERV
                    FIGURE 35 FISERV: COMPANY SNAPSHOT
                    FIGURE 36 FISERV: SWOT ANALYSIS
             11.2.3 FIS
                    FIGURE 37 FIS: COMPANY SNAPSHOT
                    FIGURE 38 FIS: SWOT ANALYSIS
             11.2.4 SQUARE
                    FIGURE 39 SQUARE: COMPANY SNAPSHOT
                    FIGURE 40 SQUARE: SWOT ANALYSIS
             11.2.5 GLOBAL PAYMENTS
                    FIGURE 41 GLOBAL PAYMENTS: COMPANY SNAPSHOT
                    FIGURE 42 GLOBAL PAYMENTS: SWOT ANALYSIS
             11.2.6 WIRECARD
                    FIGURE 43 WIRECARD: COMPANY SNAPSHOT
                    FIGURE 44 WIRECARD: SWOT ANALYSIS
             11.2.7 ACI WORLDWIDE
                    FIGURE 45 ACI WORLDWIDE: COMPANY SNAPSHOT
                    FIGURE 46 ACI WORLDWIDE: SWOT ANALYSIS
             11.2.8 MASTERCARD
                    FIGURE 47 MASTERCARD: COMPANY SNAPSHOT
                    FIGURE 48 MASTERCARD: SWOT ANALYSIS
             11.2.9 VISA
                    FIGURE 49 VISA: COMPANY SNAPSHOT
                    FIGURE 50 VISA: SWOT ANALYSIS
             11.2.10 ADYEN
                     FIGURE 51 ADYEN: COMPANY SNAPSHOT
                     FIGURE 52 ADYEN: SWOT ANALYSIS
             11.2.11 STRIPE
             11.2.12 CCBILL
             11.2.13 PAYU
             11.2.14 AUTHORIZE.NET
             11.2.15 JACK HENRY & ASSOCIATES
             11.2.16 ALIPAY
             11.2.17 PAYSAFE
             11.2.18 BLUESNAP
             11.2.19 SECURE PAYMENT SYSTEMS
             11.2.20 WORLDLINE
             11.2.21 SPREEDLY
             11.2.22 FATTMERCHANT
             11.2.23 PAYTRACE
             11.2.24 DWOLLA
             11.2.25 PAYPROTEC
             11.2.26 SIGNAPAY
             11.2.27 KLIK & PAY
*Details on Business Overview, Solutions & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
     11.3 STARTUP/SME EVALUATION MATRIX DEFINITIONS AND METHODOLOGY
             11.3.1 PROGRESSIVE COMPANIES
             11.3.2 RESPONSIVE COMPANIES
             11.3.3 DYNAMIC COMPANIES
             11.3.4 STARTING BLOCKS
     11.4 STARTUP/SME EVALUATION MATRIX
          FIGURE 53 PAYMENT PROCESSING SOLUTIONS MARKET (GLOBAL) STARTUP/SME EVALUATION MATRIX, 2020
     11.5 STARTUP/SME PROFILES
             11.5.1 FINIX PAYMENTS
             11.5.2 DUE
             11.5.3 PHONEPE
             11.5.4 MODULR
             11.5.5 PINEAPPLE PAYMENTS
             11.5.6 RAZORPAY
             11.5.7 MUCHBETTER
             11.5.8 PAYKICKSTART
             11.5.9 AEROPAY
             11.5.10 SILA
     11.6 RIGHT-TO-WIN

12 ADJACENT/RELATED MARKET (Page No. - 228)
     12.1 DIGITAL PAYMENT MARKET
             12.1.1 MARKET DEFINITION
             12.1.2 MARKET OVERVIEW
             12.1.3 DIGITAL PAYMENT MARKET, BY TYPE
                    TABLE 171 SOLUTIONS: DIGITAL PAYMENT MARKET SIZE, BY TYPE, 2016–2023 (USD BILLION)
                    TABLE 172 SOLUTIONS: DIGITAL PAYMENT MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
                    TABLE 173 PAYMENT GATEWAY SOLUTIONS: DIGITAL PAYMENT MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
                    TABLE 174 PAYMENT PROCESSING SOLUTIONS: DIGITAL PAYMENT MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
                    TABLE 175 PAYMENT WALLET SOLUTIONS: DIGITAL PAYMENT MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
                    TABLE 176 PAYMENT SECURITY AND FRAUD MANAGEMENT SOLUTIONS: DIGITAL PAYMENT MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
                    TABLE 177 POS SOLUTIONS: DIGITAL PAYMENT MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
                    TABLE 178 SERVICES: DIGITAL PAYMENT MARKET SIZE, BY TYPE, 2016–2023 (USD BILLION)
                    TABLE 179 SERVICES: DIGITAL PAYMENT MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
                    TABLE 180 PROFESSIONAL SERVICES: DIGITAL PAYMENT MARKET SIZE, BY TYPE, 2016–2023 (USD BILLION)
                    TABLE 181 PROFESSIONAL SERVICES: DIGITAL PAYMENT MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
                    TABLE 182 CONSULTING SERVICES: DIGITAL PAYMENT MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
                    TABLE 183 SYSTEM INTEGRATION AND DEPLOYMENT SERVICES: DIGITAL PAYMENT MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
                    TABLE 184 SUPPORT AND MAINTENANCE SERVICES: DIGITAL PAYMENT MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
                    TABLE 185 MANAGED SERVICES: DIGITAL PAYMENT MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
     12.2 CONTACTLESS PAYMENT MARKET
             12.2.1 MARKET DEFINITION
             12.2.2 MARKET OVERVIEW
             12.2.3 CONTACTLESS PAYMENT MARKET, BY VERTICAL
                    TABLE 186 RETAIL: CONTACTLESS PAYMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                    TABLE 187 HEALTHCARE: CONTACTLESS PAYMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                    TABLE 188 HOSPITALITY: CONTACTLESS PAYMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                    TABLE 189 ENERGY AND UTILITIES: CONTACTLESS PAYMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                    TABLE 190 TRANSPORTATION AND LOGISTICS: CONTACTLESS PAYMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                    TABLE 191 BANKING, FINANCIAL SERVICES, AND INSURANCE: CONTACTLESS PAYMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
     12.3 MOBILE MONEY MARKET
             12.3.1 MARKET DEFINITION
             12.3.2 MARKET OVERVIEW
             12.3.3 MOBILE MONEY MARKET, BY TRANSACTION MODE
                    TABLE 192 POINT OF SALE: MOBILE MONEY MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
                    TABLE 193 MOBILE APPS: MOBILE MONEY MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
                    TABLE 194 QR CODES: MOBILE MONEY MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
                    TABLE 195 INTERNET PAYMENTS: MOBILE MONEY MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
                    TABLE 196 SMS AND STK/USSD PAYMENTS: MOBILE MONEY MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
                    TABLE 197 DIRECT CARRIER BILLING: MOBILE MONEY MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
                    TABLE 198 MOBILE BANKING: MOBILE MONEY MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
     12.4 REAL-TIME PAYMENTS (RTP) MARKET
             12.4.1 MARKET DEFINITION
             12.4.2 MARKET OVERVIEW
             12.4.3 REAL-TIME PAYMENTS MARKET, BY VERTICAL
                    TABLE 199 BANKING, FINANCIAL SERVICES, AND INSURANCE: REAL-TIME PAYMENTS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
                    TABLE 200 IT AND TELECOMMUNICATIONS: REAL-TIME PAYMENTS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
                    TABLE 201 RETAIL AND ECOMMERCE: REAL-TIME PAYMENTS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
                    TABLE 202 GOVERNMENT: REAL-TIME PAYMENTS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
                    TABLE 203 ENERGY AND UTILITIES: REAL-TIME PAYMENTS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
                    TABLE 204 OTHERS: REAL-TIME PAYMENTS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)

13 APPENDIX (Page No. - 243)
     13.1 DISCUSSION GUIDE
     13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     13.3 AVAILABLE CUSTOMIZATIONS
     13.4 RELATED REPORTS
     13.5 AUTHOR DETAILS

The study involved four major steps in estimating the current market size for the payment processing solutions market. The exhaustive secondary research was done to collect information on the market, the peer market, and the parent market, which is the first step. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet, have been referred to, to identify and collect information for this study. These secondary sources included annual reports, press releases and investor presentations of companies; white papers, technology journals and certified publications; and articles from recognized authors, directories, and databases.

Primary Research

The Payment processing solutions market comprises several stakeholders, such as solution and service providers, support and maintenance service providers, manufacturing enterprises, technology consultants, system design and development vendors, and logistics and supply chain management providers. The extensive primary research was conducted to gather information, and verify and validate the critical numbers arrived at. Primary research was also conducted to identify the segmentation types; industry trends; key players; the competitive landscape of different market players; and key market dynamics, such as drivers, restraints, opportunities, challenges, industry trends, and key strategies. Following is the breakdown of primary respondents:

Payment Processing Solutions Market Size, and Share

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

Market Size Estimation

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

  • The key players in the industry and markets have been identified through extensive secondary research.
  • The payment processing solutions market expenditures across regions, along with the geographic split in various segments, have been considered to arrive at the overall market size.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size, using the market size estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakup procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the payment processing solutions industry.

Report Objectives:

  • To define, describe, and forecast the payment processing solutions market by payment method, mode of deployment, vertical, and region.
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the market growth
  • To analyze the opportunities in the market and provide details of the competitive landscape for stakeholders and market leaders
  • To forecast the market size of the segments with respect to five main regions, namely, North America, Europe, APAC, MEA, and Latin America
  • To profile the key players and comprehensively analyze their market rankings and core competencies1
  • To analyze competitive developments, such as partnerships, new product launches, and mergers and acquisitions, in the payment processing solutions market.

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 APAC market into other countries
  • Further breakup of the North American market into other countries
  • Further breakup of the Latin American market into other countries
  • Further breakup of the MEA market into other countries
  • Further breakup of the European market into other countries

Company Information

  • Detailed analysis and profiling of additional market players
COVID-19

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Report Code
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Published ON
Aug, 2020
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