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Payment Processing Solutions Market size was valued at USD 52.1 billion in 2023 and is expected to grow to USD 139.7 billion by 2032 and grow at a CAGR of 11.6 % over the forecast period of 2024-2032.
The global payment processing solutions market grew owing to the increasing government initiatives to promote digital payments and reduce the use of cash. According to the latest data from the U.S. Federal Reserve, digital payments in the U.S. grew by 19% in 2023. Similar trends were observed at an international level as well, as the European Central Bank reported that, throughout the Eurozone, cashless transactions increased by 16% during 2023, with governments encouraging contactless and mobile transactions for more transparency and security. The Indian government’s adoption and promotion of their Unified Payments Interface also showed impressive results, as the National Payments Corporation of India reported a total of 12.7 billion transactions in June 2023, marking a 44% increase year on year. In addition, the rise of e-commerce and the increasing penetration of the internet and smartphone usage also played a crucial role in the widespread adoption of payment processing solutions. Moreover, governments are now mandating tighter rules and regulations to prevent online transaction fraud and money laundering, contributing to the rise in demand for reliable and efficient payment processing tools. Overall, those factors are contributing to the growing need for fast, secure, and reliable payment solutions is helping the payment processing solutions market grow rapidly.
The increasing emphasis on fraud prevention measures and security in payment processing solutions is crucial for encouraging consumers trust, protecting sensitive payment data, and reducing the financial risk of fraud. Implementing secure payment processing tools enables payment processors and merchants to create the necessary conditions for secure online transactions, which, in turn, allows consumers to have more confidence in digital payment systems. Payment data can be protected using encryptions, which serve the purpose of converting the payment information in transit into an unreadable format with the help of a code. In addition to that, two-factor authentication helps add an extra layer of security by requiring users to log in using a PIN sent to their mobile devices.
Drivers
One of the important drivers for payment processing solutions is the demand for real-time payments. With more and more customers and businesses requiring the possibility to make instant transactions, there was no other way to develop a proficient payment processing system. For example, FedNow which was recently introduced by the Federal Reserve will allow the whole country to make real-time payments and send money at any time of the day. Moreover, by the end of 2025, the real-time payment market will grow by more than 30% annually.
In addition, according to the World Bank report, around 1.7 billion people remain unbanked highlighting the need for efficient, low-cost payment solutions that can cater to diverse demographics. Mobile wallets gained much popularity because they offer not only instant payments but also enhanced security. For example, Venmo which popular mobile payment service, has recently reported a flow of more than $1 trillion. The increased demand for real-time payments both improves the level of customer satisfaction and allows businesses to manage liquidity more efficiently. That is why this factor is one of the most important drivers in the field of payment processing solutions.
Banks are increasingly offering BaaS models that allow businesses to integrate payment services into their platforms via APIs. This approach streamlines payment processing and enhances customer experience, leading to greater adoption of these solutions.
Corporates are opting to manage their payment processes internally to enhance control and improve customer experience. This trend is fueling the growth of corporate treasury management systems, enabling companies to handle payments more efficiently.
Restraints:
The evolving regulatory landscape poses a significant challenge for payment processing solutions. Companies must continuously adapt to comply with new regulations, which can increase operational complexities and costs.
As payment solutions become more advanced, they also attract more sophisticated cyber threats. Companies face risks related to fraud and data breaches, which can undermine customer trust and lead to financial losses
Cybersecurity risks are a significant restraining factor in payment processing solutions. While the payment industry is rapidly developing due to state-of-the-art technologies, it has become targeted by cybercriminals. Attacks on payments can lead to various issues, including data breaches, identity theft, and payment fraud. Thus, a loss of consumer trust may occur, and the company’s reputational costs will have to be covered. The more transactions are processed, the more financial losses may happen due to fraud. Organizations need to implement costly cybersecurity measures to prevent data and payment handling from being compromised. Encryption, multi-factor authentication, and real-time fraud detection systems are commonly adopted. However, as technology and payment processing solutions advance their features to increase security, the costs and the complexity of these solutions increase as well. Most companies especially small businesses cannot afford to maintain the highest level of security, implying transaction payments at certain risks. Moreover, the lack of compliance may result in severe financial penalties.
By Payment Method
The credit card segment was established as the leading payment segment and held a 35% revenue share in 2023. This was facilitated by several factors, such as the wide availability of credit cards and the strong credit infrastructure of both developed and developing countries. For instance, in the United States, it was reported in 2023 that over 75% of adults have at least one credit card, highlighting the ubiquity of this payment method. It is still highly demanded because of the level of convenience, various bonuses, and money-back programs, which attract customers. Moreover, such methods of payment are provided with the highest level of security if compared to other payment types, including fraud protection. In addition, the credit card segment was supported by the government’s actions. For instance, the revised Payment Services Directive required financial organizations of the European Union to ensure that users of credit card fraud and illicit actions will comply with the appropriate level of protection. This allowed customers to have confidence in using credit cards for both online and in-store purchases. The latest data show that the level of penetration is still extremely high in Northern America and Europe, given credit card support, which implies that it is highly probable that this segment will be the leading one in the future years.
The E-wallet is expected to be the fastest-growing segment during the forecast period. The main drivers that explain this assumption are the growing customer demand for such digital wallets, which are convenient and fast and, therefore, ensure the safest transactions. According to recent data, the global e-wallet is expected to grow significantly, which presupposes the promotion of mobile technology, which also contributes to the strong adoption as the majority of people have smartphones. At the same time, both governments and financial institutions cater to greasing the trend toward cashless purchases, which implies the active usage of E-wallets in various industries, such as retail, travel, and hospitality.
By End-Use
The hospitality sector was the leading segment in the payment processing solutions market in 2023, capturing a substantial market share. According to the U.S. Bureau of Economic Analysis, the hospitality industry accounted for around 3.3% of the U.S. GDP in 2023, with a vast majority of the generated revenue through transactions going the digital way. The global tourism revival from the pandemic conditions, coupled with the implementation of sophisticated payment methods in the hospitality industry, has resulted in an increasing acceptance rate for the business. The sector, which is currently at the forefront in embracing digital and contactless payment methods, including at hotels, restaurants, and on travel, is demanding a rise in the number of payment processing solutions serving these firms. Information from the European Commission showed that more than 58% of payments processed in the hospitality sector in Europe were made digitally in 2023, spurred by the rising popularity of mobile wallets and restaurants’ need to provide efficient, quick, and safe payment means. The increase in the use of online booking platforms, mobile check-ins, and room payments has contributed to the growing demand for hospitality payment processing systems.
Regional Insights
The payment processing solutions market of 2023 was dominated by North America which held a market share of 35%. One of the reasons behind the dominance of the region is the high penetration of digital payment and the wide acceptance of credit as well as debit cards among the people. The governments in North America actively support digital payments and cashless transactions which contribute to the strong position of the region. It also hosts various payers in the payment processing business in general, such as PayPal, Stripe, and Square. These companies have been focused on innovation, introducing alternative technological solutions to meet the exact demands of the customers. In comparison with other regions, the digital infrastructure in North America is quite developed. North America's mature digital infrastructure and regulatory support, such as the Payment Card Industry Data Security Standard (PCI DSS), have also contributed to the region's stronghold on the market.
However, the Asia-Pacific region is projected to grow at the highest compound annual growth rate from 2024 to 2032. This is mainly due to the People’s Bank of China reported an increase of 24% in digital transactions. Alipay and WeChat pay similarly expanded, increasing customer traffic in the process. As such, it is evident that the high population density in the region and the relatively advanced mobile and communication technologies will ensure that the Asia-Pacific region remains a significant market for technological innovations in digital banking in the next several years. The rapid increase in online transactions in China and India. In 2023, the Reserve Bank of India reported a growth of 46% in traffic within the Indian digital payment market, which was thanks to the introduction of UPI by the Indian government and the Digital India program.
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Key Players
Key Service Providers/Manufacturers
PayPal (PayPal Payments Standard, PayPal Here)
Square, Inc. (Square Point of Sale, Square Online)
Adyen (Adyen Payment Gateway, Adyen Terminal)
Stripe (Stripe Payments, Stripe Atlas)
Authorize.Net (AIM API, Accept.js)
Worldpay (Worldpay Gateway, Worldpay eCommerce)
FIS (Worldpay Gateway, FIS Payments)
Ingenico (Ingenico Connect, Ingenico Move/5000)
PayU (PayU Payment Gateway, PayU Wallet)
Alipay (Alipay Wallet, Alipay QR Code Payment)
Key Users of Payment Processing Services/Products
Amazon
Walmart
Airbnb
Uber
Expedia
Netflix
Starbucks
eBay
Target
Booking.com
Recent News and Developments
In August 2023 -The U.S. Treasury Department and the Federal Reserve rolled out the Real-Time Payments network. This system significantly accelerated the time of payment processing all over the country. Furthermore, it provides a way to settle transactions between financial institutions in real life. This can help digital payment to various businesses, such as in the domain of e-commerce or retail, to work more efficiently.
In June 2023 – Stripe announced a collaboration with the Google workspace. This feature allows businesses to automate bookings through Google Calendar. In addition, companies can also make customers pay for booking and scheduling their appointments of various services all on Google Calendar at once.
In May 2023 – ACI Worldwide reached a partnership with Red Hat OpenShift. This new advancement allows financial institutions as well as other companies and payment providers to access and utilize ACI’s solution to working on Red Hat OpenShift.
In April 2023, PayPal Holdings, Inc. introduced new features to its payment solution for small businesses, offering customers multiple payment options, including PayPal, PayPal Pay Later, and Venmo.
| Report Attributes | Details |
| Market Size in 2024 | USD 52.1 billion |
| Market Size by 2032 | USD 139.7 billion |
| CAGR |
CAGR of 11.6 % From 2024 to 2032 |
| Base Year | 2022 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Payment Method (Credit Card, Debit Card, eWallet, Automatic Cleaning House (ACH), Other Payment Methods) • By Vertical (BFSI, Government and Utilities, Telecom, Healthcare, Real Estate, Retail, Media and Entertainment, Travel and Hospitality, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles |
PayPal, Square, Inc., Adyen, Stripe, Authorize.Net, Worldpay, FIS, Ingenico, PayU, Alipay |
| Key Drivers | •The growing need for fast and efficient payment systems is driving the adoption of real-time payment solutions. Initiatives like the Federal Reserve's FedNow are enhancing opportunities for both B2C and B2B transactions •Banks are increasingly offering BaaS models that allow businesses to integrate payment services into their platforms via APIs. This approach streamlines payment processing and enhances customer experience, leading to greater adoption of these solutions. •Corporates are opting to manage their payment processes internally to enhance control and improve customer experience. This trend is fueling the growth of corporate treasury management systems, enabling companies to handle payments more efficiently |
| Market Restraints | •The evolving regulatory landscape poses a significant challenge for payment processing solutions. Companies must continuously adapt to comply with new regulations, which can increase operational complexities and costs •As payment solutions become more advanced, they also attract more sophisticated cyber threats. Companies face risks related to fraud and data breaches, which can undermine customer trust and lead to financial losses |
Ans. The CAGR of the Payment Processing Solutions Market for the forecast period 2024-2032 is 11.6 %.
Ans: The market is expected to grow to USD 139.7 billion by the forecast period of 2032.
Ans: Yes, you can buy reports in bulk quantity as per your requirements. Check Here for more details.
Ans: North American region will continue to dominate the Payment Processing Solutions Market
Ans.
• Global E-commerce Growth is Significant, Driving Product Adoption
• Real-time online payments are on the rise quickly, driving market expansion.
Table of Content
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.2 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Feature Analysis, 2023
5.2 User Demographics, 2023
5.3 Integration Capabilities, by Software, 2023
5.4 Impact on Decision-making
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Payment Processing Solutions Market Segmentation, By payment method
7.1 Chapter Overview
7.2 Credit Card
7.2.1 Credit Card Market Trends Analysis (2020-2032)
7.2.2 Credit Card Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Debit Card
7.3.1 Debit Card Market Trends Analysis (2020-2032)
7.3.2 Debit Card Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 EWallet
7.4.1 EWallet Market Trends Analysis (2020-2032)
7.4.2 EWallet Market Size Estimates and Forecasts to 2032 (USD Billion)
7.5 Automatic Cleaning House (ACH)
7.5.1 Automatic Cleaning House (ACH) Market Trends Analysis (2020-2032)
7.5.2 Automatic Cleaning House (ACH) Market Size Estimates and Forecasts to 2032 (USD Billion)
7.6 Others
7.6.1 Others Market Trends Analysis (2020-2032)
7.6.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Payment Processing Solutions Market Segmentation, By Vertical
8.1 Chapter Overview
8.2 BFSI
8.2.1 BFSI Market Trends Analysis (2020-2032)
8.2.2 BFSI Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Government And Utilities
8.3.1 Government And Utilities Market Trends Analysis (2020-2032)
8.3.2 Government And Utilities Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Telecom
8.4.1 Telecom Market Trends Analysis (2020-2032)
8.4.2 Telecom Market Size Estimates and Forecasts to 2032 (USD Billion)
8.5 Healthcare
8.5.1 Healthcare Market Trends Analysis (2020-2032)
8.5.2 Healthcare Market Size Estimates and Forecasts to 2032 (USD Billion)
8.6 Real Estate
8.6.1 Real Estate Market Trends Analysis (2020-2032)
8.6.2 Real Estate Market Size Estimates and Forecasts to 2032 (USD Billion)
8.7 Retail
8.7.1 Retail Market Trends Analysis (2020-2032)
8.7.2 Retail Market Size Estimates and Forecasts to 2032 (USD Billion)
8.8 Media And Entertainment
8.8.1 Media And Entertainment Market Trends Analysis (2020-2032)
8.8.2 Media And Entertainment Market Size Estimates and Forecasts to 2032 (USD Billion)
8.9 Travel And Hospitality
8.9.1 Travel And Hospitality Market Trends Analysis (2020-2032)
8.9.2 Travel And Hospitality Market Size Estimates and Forecasts to 2032 (USD Billion)
8.10 Others
8.10.1 Others Market Trends Analysis (2020-2032)
8.10.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Regional Analysis
9.1 Chapter Overview
9.2 North America
9.2.1 Trends Analysis
9.2.2 North America Payment Processing Solutions Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.2.3 North America Payment Processing Solutions Market Estimates and Forecasts, By payment method (2020-2032) (USD Billion)
9.2.4 North America Payment Processing Solutions Market Estimates and Forecasts, By Vertical (2020-2032) (USD Billion)
9.2.5 USA
9.2.5.1 USA Payment Processing Solutions Market Estimates and Forecasts, By payment method (2020-2032) (USD Billion)
9.2.5.2 USA Payment Processing Solutions Market Estimates and Forecasts, By Vertical (2020-2032) (USD Billion)
9.2.6 Canada
9.2.6.1 Canada Payment Processing Solutions Market Estimates and Forecasts, By payment method (2020-2032) (USD Billion)
9.2.6.2 Canada Payment Processing Solutions Market Estimates and Forecasts, By Vertical (2020-2032) (USD Billion)
9.2.7 Mexico
9.2.7.1 Mexico Payment Processing Solutions Market Estimates and Forecasts, By payment method (2020-2032) (USD Billion)
9.2.7.2 Mexico Payment Processing Solutions Market Estimates and Forecasts, By Vertical (2020-2032) (USD Billion)
9.3 Europe
9.3.1 Eastern Europe
9.3.1.1 Trends Analysis
9.3.1.2 Eastern Europe Payment Processing Solutions Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.3.1.3 Eastern Europe Payment Processing Solutions Market Estimates and Forecasts, By payment method (2020-2032) (USD Billion)
9.3.1.4 Eastern Europe Payment Processing Solutions Market Estimates and Forecasts, By Vertical (2020-2032) (USD Billion)
9.3.1.5 Poland
9.3.1.5.1 Poland Payment Processing Solutions Market Estimates and Forecasts, By payment method (2020-2032) (USD Billion)
9.3.1.5.2 Poland Payment Processing Solutions Market Estimates and Forecasts, By Vertical (2020-2032) (USD Billion)
9.3.1.6 Romania
9.3.1.6.1 Romania Payment Processing Solutions Market Estimates and Forecasts, By payment method (2020-2032) (USD Billion)
9.3.1.6.2 Romania Payment Processing Solutions Market Estimates and Forecasts, By Vertical (2020-2032) (USD Billion)
9.3.1.7 Hungary
9.3.1.7.1 Hungary Payment Processing Solutions Market Estimates and Forecasts, By payment method (2020-2032) (USD Billion)
9.3.1.7.2 Hungary Payment Processing Solutions Market Estimates and Forecasts, By Vertical (2020-2032) (USD Billion)
9.3.1.8 Turkey
9.3.1.8.1 Turkey Payment Processing Solutions Market Estimates and Forecasts, By payment method (2020-2032) (USD Billion)
9.3.1.8.2 Turkey Payment Processing Solutions Market Estimates and Forecasts, By Vertical (2020-2032) (USD Billion)
9.3.1.9 Rest of Eastern Europe
9.3.1.9.1 Rest of Eastern Europe Payment Processing Solutions Market Estimates and Forecasts, By payment method (2020-2032) (USD Billion)
9.3.1.9.2 Rest of Eastern Europe Payment Processing Solutions Market Estimates and Forecasts, By Vertical (2020-2032) (USD Billion)
9.3.2 Western Europe
9.3.2.1 Trends Analysis
9.3.2.2 Western Europe Payment Processing Solutions Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.3.2.3 Western Europe Payment Processing Solutions Market Estimates and Forecasts, By payment method (2020-2032) (USD Billion)
9.3.2.4 Western Europe Payment Processing Solutions Market Estimates and Forecasts, By Vertical (2020-2032) (USD Billion)
9.3.2.5 Germany
9.3.2.5.1 Germany Payment Processing Solutions Market Estimates and Forecasts, By payment method (2020-2032) (USD Billion)
9.3.2.5.2 Germany Payment Processing Solutions Market Estimates and Forecasts, By Vertical (2020-2032) (USD Billion)
9.3.2.6 France
9.3.2.6.1 France Payment Processing Solutions Market Estimates and Forecasts, By payment method (2020-2032) (USD Billion)
9.3.2.6.2 France Payment Processing Solutions Market Estimates and Forecasts, By Vertical (2020-2032) (USD Billion)
9.3.2.7 UK
9.3.2.7.1 UK Payment Processing Solutions Market Estimates and Forecasts, By payment method (2020-2032) (USD Billion)
9.3.2.7.2 UK Payment Processing Solutions Market Estimates and Forecasts, By Vertical (2020-2032) (USD Billion)
9.3.2.8 Italy
9.3.2.8.1 Italy Payment Processing Solutions Market Estimates and Forecasts, By payment method (2020-2032) (USD Billion)
9.3.2.8.2 Italy Payment Processing Solutions Market Estimates and Forecasts, By Vertical (2020-2032) (USD Billion)
9.3.2.9 Spain
9.3.2.9.1 Spain Payment Processing Solutions Market Estimates and Forecasts, By payment method (2020-2032) (USD Billion)
9.3.2.9.2 Spain Payment Processing Solutions Market Estimates and Forecasts, By Vertical (2020-2032) (USD Billion)
9.3.2.10 Netherlands
9.3.2.10.1 Netherlands Payment Processing Solutions Market Estimates and Forecasts, By payment method (2020-2032) (USD Billion)
9.3.2.10.2 Netherlands Payment Processing Solutions Market Estimates and Forecasts, By Vertical (2020-2032) (USD Billion)
9.3.2.11 Switzerland
9.3.2.11.1 Switzerland Payment Processing Solutions Market Estimates and Forecasts, By payment method (2020-2032) (USD Billion)
9.3.2.11.2 Switzerland Payment Processing Solutions Market Estimates and Forecasts, By Vertical (2020-2032) (USD Billion)
9.3.2.12 Austria
9.3.2.12.1 Austria Payment Processing Solutions Market Estimates and Forecasts, By payment method (2020-2032) (USD Billion)
9.3.2.12.2 Austria Payment Processing Solutions Market Estimates and Forecasts, By Vertical (2020-2032) (USD Billion)
9.3.2.13 Rest of Western Europe
9.3.2.13.1 Rest of Western Europe Payment Processing Solutions Market Estimates and Forecasts, By payment method (2020-2032) (USD Billion)
9.3.2.13.2 Rest of Western Europe Payment Processing Solutions Market Estimates and Forecasts, By Vertical (2020-2032) (USD Billion)
9.4 Asia Pacific
9.4.1 Trends Analysis
9.4.2 Asia Pacific Payment Processing Solutions Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.4.3 Asia Pacific Payment Processing Solutions Market Estimates and Forecasts, By payment method (2020-2032) (USD Billion)
9.4.4 Asia Pacific Payment Processing Solutions Market Estimates and Forecasts, By Vertical (2020-2032) (USD Billion)
9.4.5 China
9.4.5.1 China Payment Processing Solutions Market Estimates and Forecasts, By payment method (2020-2032) (USD Billion)
9.4.5.2 China Payment Processing Solutions Market Estimates and Forecasts, By Vertical (2020-2032) (USD Billion)
9.4.6 India
9.4.5.1 India Payment Processing Solutions Market Estimates and Forecasts, By payment method (2020-2032) (USD Billion)
9.4.5.2 India Payment Processing Solutions Market Estimates and Forecasts, By Vertical (2020-2032) (USD Billion)
9.4.5 Japan
9.4.5.1 Japan Payment Processing Solutions Market Estimates and Forecasts, By payment method (2020-2032) (USD Billion)
9.4.5.2 Japan Payment Processing Solutions Market Estimates and Forecasts, By Vertical (2020-2032) (USD Billion)
9.4.6 South Korea
9.4.6.1 South Korea Payment Processing Solutions Market Estimates and Forecasts, By payment method (2020-2032) (USD Billion)
9.4.6.2 South Korea Payment Processing Solutions Market Estimates and Forecasts, By Vertical (2020-2032) (USD Billion)
9.4.7 Vietnam
9.4.7.1 Vietnam Payment Processing Solutions Market Estimates and Forecasts, By payment method (2020-2032) (USD Billion)
9.2.7.2 Vietnam Payment Processing Solutions Market Estimates and Forecasts, By Vertical (2020-2032) (USD Billion)
9.4.8 Singapore
9.4.8.1 Singapore Payment Processing Solutions Market Estimates and Forecasts, By payment method (2020-2032) (USD Billion)
9.4.8.2 Singapore Payment Processing Solutions Market Estimates and Forecasts, By Vertical (2020-2032) (USD Billion)
9.4.9 Australia
9.4.9.1 Australia Payment Processing Solutions Market Estimates and Forecasts, By payment method (2020-2032) (USD Billion)
9.4.9.2 Australia Payment Processing Solutions Market Estimates and Forecasts, By Vertical (2020-2032) (USD Billion)
9.4.10 Rest of Asia Pacific
9.4.10.1 Rest of Asia Pacific Payment Processing Solutions Market Estimates and Forecasts, By payment method (2020-2032) (USD Billion)
9.4.10.2 Rest of Asia Pacific Payment Processing Solutions Market Estimates and Forecasts, By Vertical (2020-2032) (USD Billion)
9.5 Middle East and Africa
9.5.1 Middle East
9.5.1.1 Trends Analysis
9.5.1.2 Middle East Payment Processing Solutions Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.5.1.3 Middle East Payment Processing Solutions Market Estimates and Forecasts, By payment method (2020-2032) (USD Billion)
9.5.1.4 Middle East Payment Processing Solutions Market Estimates and Forecasts, By Vertical (2020-2032) (USD Billion)
9.5.1.5 UAE
9.5.1.5.1 UAE Payment Processing Solutions Market Estimates and Forecasts, By payment method (2020-2032) (USD Billion)
9.5.1.5.2 UAE Payment Processing Solutions Market Estimates and Forecasts, By Vertical (2020-2032) (USD Billion)
9.5.1.6 Egypt
9.5.1.6.1 Egypt Payment Processing Solutions Market Estimates and Forecasts, By payment method (2020-2032) (USD Billion)
9.5.1.6.2 Egypt Payment Processing Solutions Market Estimates and Forecasts, By Vertical (2020-2032) (USD Billion)
9.5.1.7 Saudi Arabia
9.5.1.7.1 Saudi Arabia Payment Processing Solutions Market Estimates and Forecasts, By payment method (2020-2032) (USD Billion)
9.5.1.7.2 Saudi Arabia Payment Processing Solutions Market Estimates and Forecasts, By Vertical (2020-2032) (USD Billion)
9.5.1.8 Qatar
9.5.1.8.1 Qatar Payment Processing Solutions Market Estimates and Forecasts, By payment method (2020-2032) (USD Billion)
9.5.1.8.2 Qatar Payment Processing Solutions Market Estimates and Forecasts, By Vertical (2020-2032) (USD Billion)
9.5.1.9 Rest of Middle East
9.5.1.9.1 Rest of Middle East Payment Processing Solutions Market Estimates and Forecasts, By payment method (2020-2032) (USD Billion)
9.5.1.9.2 Rest of Middle East Payment Processing Solutions Market Estimates and Forecasts, By Vertical (2020-2032) (USD Billion)
9.5.2 Africa
9.5.2.1 Trends Analysis
9.5.2.2 Africa Payment Processing Solutions Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.5.2.3 Africa Payment Processing Solutions Market Estimates and Forecasts, By payment method (2020-2032) (USD Billion)
9.5.2.4 Africa Payment Processing Solutions Market Estimates and Forecasts, By Vertical (2020-2032) (USD Billion)
9.5.2.5 South Africa
9.5.2.5.1 South Africa Payment Processing Solutions Market Estimates and Forecasts, By payment method (2020-2032) (USD Billion)
9.5.2.5.2 South Africa Payment Processing Solutions Market Estimates and Forecasts, By Vertical (2020-2032) (USD Billion)
9.5.2.6 Nigeria
9.5.2.6.1 Nigeria Payment Processing Solutions Market Estimates and Forecasts, By payment method (2020-2032) (USD Billion)
9.5.2.6.2 Nigeria Payment Processing Solutions Market Estimates and Forecasts, By Vertical (2020-2032) (USD Billion)
9.5.2.7 Rest of Africa
9.5.2.7.1 Rest of Africa Payment Processing Solutions Market Estimates and Forecasts, By payment method (2020-2032) (USD Billion)
9.5.2.7.2 Rest of Africa Payment Processing Solutions Market Estimates and Forecasts, By Vertical (2020-2032) (USD Billion)
9.6 Latin America
9.6.1 Trends Analysis
9.6.2 Latin America Payment Processing Solutions Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.6.3 Latin America Payment Processing Solutions Market Estimates and Forecasts, By payment method (2020-2032) (USD Billion)
9.6.4 Latin America Payment Processing Solutions Market Estimates and Forecasts, By Vertical (2020-2032) (USD Billion)
9.6.5 Brazil
9.6.5.1 Brazil Payment Processing Solutions Market Estimates and Forecasts, By payment method (2020-2032) (USD Billion)
9.6.5.2 Brazil Payment Processing Solutions Market Estimates and Forecasts, By Vertical (2020-2032) (USD Billion)
9.6.6 Argentina
9.6.6.1 Argentina Payment Processing Solutions Market Estimates and Forecasts, By payment method (2020-2032) (USD Billion)
9.6.6.2 Argentina Payment Processing Solutions Market Estimates and Forecasts, By Vertical (2020-2032) (USD Billion)
9.6.7 Colombia
9.6.7.1 Colombia Payment Processing Solutions Market Estimates and Forecasts, By payment method (2020-2032) (USD Billion)
9.6.7.2 Colombia Payment Processing Solutions Market Estimates and Forecasts, By Vertical (2020-2032) (USD Billion)
9.6.8 Rest of Latin America
9.6.8.1 Rest of Latin America Payment Processing Solutions Market Estimates and Forecasts, By payment method (2020-2032) (USD Billion)
9.6.8.2 Rest of Latin America Payment Processing Solutions Market Estimates and Forecasts, By Vertical (2020-2032) (USD Billion)
10. Company Profiles
10.1 PayPal
10.1.1 Company Overview
10.1.2 Financial
10.1.3 Products/ Services Offered
110.1.4 SWOT Analysis
10.2 Square, Inc.
10.2.1 Company Overview
10.2.2 Financial
10.2.3 Products/ Services Offered
10.2.4 SWOT Analysis
10.3 Adyen
10.3.1 Company Overview
10.3.2 Financial
10.3.3 Products/ Services Offered
10.3.4 SWOT Analysis
10.4 Stripe
10.4.1 Company Overview
10.4.2 Financial
10.4.3 Products/ Services Offered
10.4.4 SWOT Analysis
10.5 Authorize.Net
10.5.1 Company Overview
10.5.2 Financial
10.5.3 Products/ Services Offered
10.5.4 SWOT Analysis
10.6 Worldpay
10.6.1 Company Overview
10.6.2 Financial
10.6.3 Products/ Services Offered
10.6.4 SWOT Analysis
10.7 FIS
10.7.1 Company Overview
10.7.2 Financial
10.7.3 Products/ Services Offered
10.7.4 SWOT Analysis
10.8 Ingenico
10.8.1 Company Overview
10.8.2 Financial
10.8.3 Products/ Services Offered
10.8.4 SWOT Analysis
10.9 PayU
10.9.1 Company Overview
10.9.2 Financial
10.9.3 Products/ Services Offered
10.9.4 SWOT Analysis
10.10 Alipay
10.9.1 Company Overview
10.9.2 Financial
10.9.3 Products/ Services Offered
10.9.4 SWOT Analysis
11. Use Cases and Best Practices
12. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By payment method
Credit Card
Debit Card
eWallet
Automatic Cleaning House (ACH)
Others
By Vertical
BFSI
Government And Utilities
Telecom
Healthcare
Real Estate
Retail
Media And Entertainment
Travel And Hospitality
Others
Request for Segment Customization as per your Business Requirement: Segment Customization Request
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
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Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
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