Skip to main content
Canada’s most-awarded newsroom for a reason
Enjoy unlimited digital access
$1.99
per week
for 24 weeks
Canada’s most-awarded newsroom for a reason
$1.99
per week
for 24 weeks
// //

Global Payments Inc NYSE: GPN-N

Today's Change
Volume
Real-Time Last Update Last Sale Cboe BZX Real-Time

More stories below advertisement

Payment Processing Solutions Market: Collaboration between Major Companies Such as Fiserv Inc. and Visa Inc. to Create Promising Growth Opportunities, says Fortune Business Insights(TM)

GlobeNewswire - Mon Jul 19, 2:36AM CDT

The global payment processing solutions market size is expected to showcase an exponential growth by reaching USD 116.17 billion by 2027. This is attributable to the increasing adoption of value-added services by major Fintech firms, along with the growing demand for payments through credit & debit cards that is leading the developers to introduce advanced payment solutions globally. Fortune Business Insights, published this information in its latest report, titled, "Payment Processing Solutions Market Size, Share & COVID-19 Impact Analysis, By Payment Method (Debit Card, Credit Card, e-Wallet, Automated Clearing House (ACH), and Others), By Industry Vertical (Banking, Financial Services and Insurance (BFSI), Manufacturing, IT and Telecommunications, Travel and Hospitality, Retail and Consumer Goods, Healthcare, Transportation and Logistics, and Others), and Regional Forecast, 2020-2027." The report further mentions that the market stood at USD 48.60 billion in 2019 and is likely to exhibit a CAGR of 11.7% between 2020 and 2027.

What does the Report Provide?

The Payment Processing Solutions Market report includes a detailed analysis of several factors such as the key drivers and restraints that will have an impact on the market. Furthermore, the report includes significant insights into the regional insights that include different regions, which are contributing to the market growth. It includes the competitive landscape involving the leading companies and the adoption of strategies by them to introduce new products, announce partnerships, collaborate, and acquire other companies that will contribute to the market growth during the forecast period. Moreover, the research analyst has adopted several research methodologies such as SWOT analysis to obtain information about the current trends and industry developments that will drive the market growth during the forecast period.

Request Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/payment-processing-solutions-market-104467

REGIONAL INSIGHTS

North America to Remain Dominant; Increasing Number of Online Transactions to Augment Growth

Among all the regions, North America is expected to remain dominant and hold the highest position in the global payment processing solutions market during the forecast period. This dominance is attributable to the increasing number of online transactions backed by the e-commerce boom in the region between 2020 and 2027. North America stood at USD 17.06 billion in 2019.

The Payment Processing Solutions Market in Asia-Pacific is anticipated to experience substantial growth during the forecast period. This is ascribable to factors such as the rising retail and consumer goods industry that is driving the demand for advanced payment processing solutions in countries such as Australia, India, and China in the region.

Click here to get the short-term and long-term impact of COVID-19 on this Payment Processing Solutions Market.

Please visit: https://www.fortunebusinessinsights.com/payment-processing-solutions-market-104467

SEGMENTATION

E-wallet Segment Held 18.2% Market Share in 2019

The e-wallet segment, based on the payment method, held a market share of about 18.2% in 2019 and is anticipated to gain momentum backed by the growing rate of digital payments amid COVID-19 that is driving the adoption of innovative e-wallet payment processing solutions globally.

DRIVING FACTORS

Increasing Adoption of Value-Added Services by Fintech Firms to Augment Growth

The emergence of advanced technologies has led to a massive overhaul in the operations of several Fintech firms and major banks globally. They are adopting modern technologies such as artificial intelligence (AI) and machine learning to provide their customers with contextual and customized payment solutions. This is driving the demand for advanced payment solutions to enable fast, simple, and secure business transactions. Furthermore, the surging use of credit and debit cards over cash is likely to boost the global payment processing solutions market growth in the forthcoming years.

Ask For Customization: https://www.fortunebusinessinsights.com/enquiry/customization/payment-processing-solutions-market-104467

Payment Processing Solutions Market Report Scope and segmentation:

Report Coverage                   Details
Forecast Period                   2020 to 2027
Forecast Period 2021 to 2028 CAGR 11.7%
2027 Value Projection             USD 116.17 Billion
Base Year                         2019
Market Size in 2020               USD 48.60 Billion
Historical Data for               2016 to 2018
No. of Pages                      120
Segments covered                  Payment Method, Industry Vertical, Manufacturing, IT, healthcare
Growth Drivers                    Increasing Adoption of Value-Added Services by Fintech Firms to Augment Growth
                                  North America to Remain Dominant; Increasing Number of Online Transactions to Augment Growth
                                  Adoption of Online Transactions has Risen During the Covid-19 Pandemic
Pitfalls & Challenges             Data Security and Identity Theft Concerns to Impede Market Growth

Massive Surge in Online Transaction amid COVID-19 to Aid Market Growth

The global pandemic has led to a massive surge in online contactless transactions over cash payments. Bound by the fear of contracting the disease, several consumers are opting for digital payments when purchasing commodities at stores. This rise in online payments presents a lucrative opportunity for the developers to introduce advanced payment solutions that will contribute to the Payment Processing Solutions Market growth in the near future.

Payment processing solutions are a medium that enables efficient handling of transactions when the customers purchase things. The payment processing provider promptly establishes a communication between the customer's credit/debit card, mobile wallet, and others to the bank of the customer to enable a fast and secure transaction. The growing focus on digitization provides a platform for developers to innovate payment solutions, along with the addition of modern technologies to cater to the customer's online payment demand.

Speak To Analyst: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/payment-processing-solutions-market-104467

COMPETITIVE LANDSCAPE

Eminent Companies Focus on Collaboration to Strengthen Their Market Positions

The global payment processing solutions market is consolidated by the presence of major companies that are trying to maintain a stronghold by focusing on adopting inorganic and organic strategies. These companies are collaborating with other companies to expand and develop advanced solutions that will bode well for market growth.

Industry Development:

-- October 2020 - Rapyd Financial Network Ltd., a leading Fintech firm, announced the launch of its new all-in-one payment processing solutions for the South Korean market. According to the company, the payment solution is likely to aid in processing payment efficiently and provides a platform for easy transaction across mobile wallets and international cards.

List of the Companies Profiled in the Global Payment Processing Solutions Market:

-- PayPal Holdings, Inc. (California, United States)

-- Fiserv Inc. (Wisconsin, United States)

-- GLOBAL PAYMENTS INC. (Georgia, United States)

-- Mastercard Incorporated (New York, United States)

-- Square, Inc. (California, United States)

-- VISA Inc. (California, United States)

-- PayMyTuition (Toronto, Canada)

-- Rapyd Financial Network Ltd. (London, United Kingdom)

-- Stripe (California, United States)

-- PAYU (Hoofddorp, Netherlands)

-- CCBill, LLC. (Malta, Europe)

-- AUTHORIZE.NET (Utah, United States)

-- Jack Henry & Associates, Inc. (Missouri, United States)

-- Paysafe Group Limited (London, United Kingdom)

-- Alipay (Shanghai, China)

-- BlueSnap Inc. (Massachusetts, United States)

-- Worldline (Bezons, France)

-- Fattmerchant Inc. (Orlando, Florida)

-- SignaPay (Irving, Texas)

-- Dwolla (Iowa, United States)

Quick Buy - Payment Processing Solutions Market:

https://www.fortunebusinessinsights.com/checkout-page/104467

Table Of Content Payment Processing Solutions Market:

-- Introduction

    -- Definition, By Segment

    -- Definition, By Segment

    -- Research Methodology/Approach

    -- Data Sources

    -- Key Takeaways

    -- Payment Processing Solutions Market Dynamics

      -- Macro and Micro Economic Indicators

      -- Macro and Micro Economic Indicators

      -- Drivers, Restraints, Opportunities and Trends

      -- Impact of COVID-19

        -- Short-term Impact

        -- Short-term Impact

        -- Long-term Impact

        -- Competition Landscape

          -- Business Strategies Adopted by Key Players

          -- Business Strategies Adopted by Key Players

          -- Consolidated SWOT Analysis of Key Players

          -- PESTLE Analysis

          -- Porter's Five Force Analysis

          -- Supply chain Analysis

          -- Global Market Share Analysis and Matrix, 2019

          -- Key Payment Processing Solutions Market Insights and Strategic Recommendations

          -- Profiles of Key Players (Would be provided for 10 players only)

            -- Overview

              -- Key Management

              -- Overview

                -- Key Management

                -- Key Management

                -- Headquarters etc

                -- Offerings/Business Segments

                -- Key Details (Key details are subjected to data availability in public domain and/or on paid databases)

                  -- Employee Size

                  -- Employee Size

                  -- Key Financials

                  -- Past and Current Revenue

                  -- Past and Current Revenue

                  -- Gross Margin

                  -- Geographical Share

                  -- Business Segment Share

                  -- Recent Developments

                  -- Primary Interview Responses

                  TOC Continued...!

                  Have a Look at Related Research Insights:

                  Adaptive Learning Software Market Size, Share & COVID-19 Impact Analysis, By Deployment (On Premise, Cloud), By End User (K-12, Higher Education, Corporate), and Regional Forecast, 2020-2027

                  Wireless Temperature Sensor Market Size, Share & COVID-19 Impact Analysis, By Type (Thermocouple, Thermistor, Resistance Temperature Detector (RTD), Semiconductor Temperature Sensor), By Channel Output (Single-channel, Multi-channel), By Technology (Wi-Fi, Bluetooth, ZigBee, Radio-frequency identification (RFID)), By End-user (Healthcare, Consumer Electronics, Automotive, Aerospace and Defense, Food and Beverages), and Regional Forecast, 2020-2027

                  Building Information Modeling (BIM) Market Size, Share & COVID-19 Impact Analysis, By Component (Software and Services), By Project Phase (Pre-Construction, Construction, and Post Construction), By Application (Commercial, Residential, Industrial, and Public Infrastructure), By End-User (Architect and Engineers, Facility or Construction Managers, and Builders and Contractors), and Regional Forecast, 2020-2027

                  Video Streaming Market Share, Size & Industry Analysis, By Component (Hardware, Software, Content Delivery Services), By Streaming Type (Live Video Streaming, On-demand Video Streaming), By Streaming Model (Advertisement-based, Subscription-based, Transactional-based/Rental), By Deployment (On-Premise, Cloud), By End-Use (Commercial, Residential), and Regional Forecast, 2020-2027

                  Artificial Intelligence (AI) Chipsets Market Size, Share & COVID-19 Impact Analysis, By Chipset Type (Graphics Processing Unit (GPU), Field Programmable Gate Arrays (FPGAs)), By Application (Natural Language Processing (NLP), Robotic Process Automation (RPA), Machine Learning), By Computing Technology (Cloud Computing and Edge Computing), By Function (Training and Inference), By Industry and Regional Forecast, 2020-2027

                  About Us:

                  Fortune Business Insights(TM) delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

                  Contact Us:

                  Fortune Business Insights(TM) Pvt. Ltd.

                  308, Supreme Headquarters,

                  Survey No. 36, Baner,

                  Pune-Bangalore Highway,

                  Pune - 411045, Maharashtra, India.

                  Phone:

                  US :+1 424 253 0390

                  UK : +44 2071 939123

                  APAC : +91 744 740 1245

                  Email: sales@fortunebusinessinsights.com

                  LinkedIn: https://www.linkedin.com/company/fortune-business-insights

                  Facebook: https://www.facebook.com/FortuneBusinessInsightsPvtLtd

                  Read Press Release https://www.fortunebusinessinsights.com/press-release/global-payment-processing-solutions-market-10337

                  https://ml.globenewswire.com/media/05408ba1-26b1-4fdd-8f48-1af4df373348/small/fbi-logo-tm-png.png

                  https://ml.globenewswire.com/media/05408ba1-26b1-4fdd-8f48-1af4df373348/small/fbi-logo-tm-png.png

                  comtex tracking

                  COMTEX_390030426/2010/2021-07-19T03:36:46

More stories below advertisement

All market data (will open in new tab) is provided by Barchart Solutions. Copyright © 2021.

Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab).

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies