The global payment processing solutions market is anticipated to grow at a CAGR of around 15.2% during the forecast period 2020 to 2027 and to reach around US$ 102.3 Bn by 2027.
Market Dynamics
High smartphone penetration in developed and developing countries, increasing preference of online payment methods among consumers and availability of advanced IT infrastructure in order to support the transaction are major factors expected to drive the growth of global market. Consumers approach towards payment methods is changing their preference for online payment is gaining traction. Availability of smart phones and advanced safe IT infrastructure is providing alternate billing options.
In addition, developing regulatory scenario, high focus of the government on cashless economy, and flourishing e-commerce sector are factors expected to support the growth of target market.
Major players are focused on enhancing the business through acquisition and partnership this is expected to boost the growth of target market.
In 2019, Citi Bank a global financial company partners with PayPal with the focus to allow bank’s institutional clients to make payments into customers’ PayPal digital wallets. This is expected to help the company to enhance the customer base.
In 2019, Fiserv a global provider of financial services technology acquired First Data Corporation. This acquisition is expected to help the company to expand the customer base of corporate and merchant clients, and consumers further increasing the revenue of company.
In 2019, FIS a global provider of payment solutions for financial institutions acquired Worldpay a global eCommerce and payment technology company. The acquisition is expected to help the company to increase the customer base operating of merchants, banks, and capital markets.
In 2019, ACI Worldwide Inc. is a payment systems company acquired Speedpay. The acquisition is expected to help the company to enhance the United States bill pay business also reach into existing and complementary segments such as insurance, consumer finance, higher education, healthcare, utilities, government, and mortgage.
In 2019, Square, Inc. a financial services, merchant services aggregator, and mobile payment company announced that it has started offering a new Square Online Store and Square for Retail. This is expected to help the company to enhance the customer base and strengthen its position in global market.
However, factors such as threats related to data security and lack of regulation related to cross-border transaction are expected to hamper the growth of global market. In addition, lack of literacy and misconception related to online payment is expected to challenge the growth of target market.
Increasing investment by major players for secure transaction and increasing initiatives related to building confidence on online transaction are factors expected to create new opportunities for players operating in the target market over the forecast period. In addition, increasing partnership and agreements is expected to support the revenue transaction of the target market.
Segment Analysis by Region
The market in North America is expected to account for major revenue share in the global market due to consumer’s preference of online transaction. In addition, presence of large number of players operating in the country and focus on providing enhanced service are factors expected to support the growth of regional market.
Increasing merger and acquisition activities by players in order to enhance the business is expected to boost the growth of regional market
Competitive Landscape
The global market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.
Report coverage
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Market
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Global Payment Processing Solutions Market
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Analysis Period
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2016 – 2027
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Base Year
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2019
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Forecast Data
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2020 – 2027
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Market Stratification
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Payment Method, Deployment Method, End Use and Geography
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Regional Scope
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North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
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Report Coverage
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Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
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Payment Processing Solutions Market Segment Analysis, 2019
The global market is segmented into payment method, deployment method, and end use. The payment method segment is bifurcated into credit card, debit card, and e-wallet. Among the end use the debit card segment is expected to account for significant revenue share in the target market. The end use segment is divided into hospitality, retail, utilities & telecommunication, and others. The retail segment is expected to account for major revenue share in the global market.
The players profiled in the report are Dwolla, Inc., Fidelity National Information Services, Inc (FIS), First Data Corporation, Fiserv, Inc., Global Payments Inc., Jack Henry & Associates, Inc., Mastercard Incorporated, PayPal Holdings, Inc., ACI Worldwide, Inc., Adyen N.V., Authorize.Net, Paysafe Group Limited, PayU, Square, Inc. Stripe, Inc., Visa, Inc., and Wirecard AG.
Market Segmentation
Market By Payment Method
Credit Card
Debit Card
E-wallet
Market By Deployment Mode
On-premises
Cloud-based
Market By End Use
Hospitality
Retail
Utilities & Telecommunication
Others
Market By Region
North America
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
CHAPTER 1. Industry Overview of Payment Processing Solutions
1.1. Definition and Scope
1.1.1. Definition of Payment Processing Solutions
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Payment Processing Solutions Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Payment Processing Solutions Market By Payment Method
1.2.3. Payment Processing Solutions Market By Deployment Method
1.2.4. Payment Processing Solutions Market By End Use
1.2.5. Payment Processing Solutions Market by Regions
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restrain 1
3.2.2. Restrain 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Payment Processing Solutions Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Payment Processing Solutions Market
3.7. Value Chain Analysis
3.8. Regulatory Compliance
3.9. Competitive Landscape, 2019
3.9.1. Player Positioning Analysis
3.9.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Payment Processing Solutions Market By Payment Method
4.1. Introduction
4.2. Payment Processing Solutions Revenue By Payment Method
4.2.1. Payment Processing Solutions Revenue (US$ Mn) and Forecast, By Payment Method, 2016-2027
4.2.2. Credit Card
4.2.2.1. Credit Card Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.3. Debit Card
4.2.3.1. Debit Card Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.4. E-wallet
4.2.4.1. E-wallet Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 5. Payment Processing Solutions Market Revenue By Deployment Method
5.1. Introduction
5.2. Payment Processing Solutions Revenue (US$ Mn) By Deployment Method
5.2.1. Payment Processing Solutions Revenue (US$ Mn) and Forecast By Deployment Method, 2016 - 2027
5.2.2. On-premises
5.2.2.1. On-premises Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.3. Cloud-based
5.2.3.1. Cloud-based Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 6. Payment Processing Solutions Market By End Use
6.1. Introduction
6.2. Payment Processing Solutions Revenue (US$ Mn) By End Use
6.2.1. Payment Processing Solutions Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
6.2.2. Hospitality
6.2.2.1. Hospitality Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.3. Retail
6.2.3.1. Retail Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.4. Utilities & Telecommunication
6.2.4.1. Utilities & Telecommunication Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.5. Others
6.2.5.1. Others Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 7. North America Payment Processing Solutions Market By Country
7.1. North America Payment Processing Solutions Overview
7.2. U.S.
7.2.1. U.S. Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By Payment Method, 2016-2027
7.2.2. U.S. Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By Deployment Method, 2016-2027
7.2.3. U.S. Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By End Use, 2016-2027
7.3. Canada
7.3.1. Canada Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By Payment Method, 2016-2027
7.3.2. Canada Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By Deployment Method, 2016-2027
7.3.3. Canada Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By End Use, 2016-2027
7.4. North America PEST Analysis
CHAPTER 8. Europe Payment Processing Solutions Market By Country
8.1. Europe Payment Processing Solutions Market Overview
8.2. U.K.
8.2.1. U.K. Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By Payment Method, 2016-2027
8.2.2. U.K. Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By Deployment Method, 2016-2027
8.2.3. U.K. Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By End Use, 2016-2027
8.3. Germany
8.3.1. Germany Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By Payment Method, 2016-2027
8.3.2. Germany Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By Deployment Method, 2016-2027
8.3.3. Germany Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By End Use, 2016-2027
8.4. France
8.4.1. France Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By Payment Method, 2016-2027
8.4.2. France Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By Deployment Method, 2016-2027
8.4.3. France Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By End Use, 2016-2027
8.5. Spain
8.5.1. Spain Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By Payment Method, 2016-2027
8.5.2. Spain Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By Deployment Method, 2016-2027
8.5.3. Spain Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By End Use, 2016-2027
8.6. Rest of Europe
8.6.1. Rest of Europe Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By Payment Method, 2016-2027
8.6.2. Rest of Europe Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By Deployment Method, 2016-2027
8.6.3. Rest of Europe Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By End Use, 2016-2027
8.7. Europe PEST Analysis
CHAPTER 9. Asia Pacific Payment Processing Solutions Market By Country
9.1. Asia Pacific Payment Processing Solutions Market Overview
9.2. China
9.2.1. China Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By Payment Method, 2016 - 2027
9.2.2. China Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By Deployment Method, 2016 - 2027
9.2.3. China Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
9.3. Japan
9.3.1. Japan Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By Payment Method, 2016 - 2027
9.3.2. Japan Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By Deployment Method, 2016 - 2027
9.3.3. Japan Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
9.4. India
9.4.1. India Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By Payment Method, 2016 - 2027
9.4.2. India Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By Deployment Method, 2016 - 2027
9.4.3. India Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
9.5. Australia
9.5.1. Australia Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By Payment Method, 2016 - 2027
9.5.2. Australia Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By Deployment Method, 2016 - 2027
9.5.3. Australia Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
9.6. South Korea
9.6.1. South Korea Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By Payment Method, 2016 - 2027
9.6.2. South Korea Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By Deployment Method, 2016 - 2027
9.6.3. South Korea Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
9.7. Rest of Asia-Pacific
9.7.1. Rest of Asia-Pacific Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By Payment Method, 2016 - 2027
9.7.2. Rest of Asia-Pacific Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By Deployment Method, 2016 - 2027
9.7.3. Rest of Asia-Pacific Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
9.8. Asia Pacific PEST Analysis
CHAPTER 10. Latin America Payment Processing Solutions Market By Country
10.1. Latin America Payment Processing Solutions Market Overview
10.2. Brazil
10.2.1. Brazil Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By Payment Method, 2016 - 2027
10.2.2. Brazil Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By Deployment Method, 2016 - 2027
10.2.3. Brazil Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
10.3. Mexico
10.3.1. Mexico Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By Payment Method, 2016 - 2027
10.3.2. Mexico Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By Deployment Method, 2016 - 2027
10.3.3. Mexico Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
10.4. Rest of Latin America
10.4.1. Rest of Latin America Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By Payment Method, 2016 - 2027
10.4.2. Rest of Latin America Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By Deployment Method, 2016 - 2027
CHAPTER 11. Middle East & Africa Payment Processing Solutions Market By Country
11.1. Middle East & Africa Payment Processing Solutions Market Overview
11.2. Saudi Arabia
11.2.1. Saudi Arabia Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By Payment Method, 2016 - 2027
11.2.2. Saudi Arabia Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By Deployment Method, 2016 - 2027
11.2.3. Saudi Arabia Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
11.3. UAE
11.3.1. UAE Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By Payment Method, 2016 - 2027
11.3.2. UAE Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By Deployment Method, 2016 - 2027
11.3.3. UAE Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
11.4. Rest of Middle East & Africa
11.4.1. Rest of Middle East & Africa Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By Payment Method, 2016 - 2027
11.4.2. Rest of Middle East & Africa Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By Deployment Method, 2016 - 2027
11.4.3. Rest of Middle East & Africa Payment Processing Solutions Market Revenue (US$ Mn) and Forecast By End Use, 2016 – 2027
CHAPTER 12. PLAYER ANALYSIS OF PAYMENT PROCESSING SOLUTIONS MARKET
12.1. Payment Processing Solutions Market Company Share Analysis
12.2. Competition Matrix
12.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
12.2.2. New Product Launches and Product Enhancements
12.2.3. Mergers And Acquisition In Global Payment Processing Solutions Market
12.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 13. COMPANY PROFILE
13.1. Dwolla, Inc.
13.1.1. Company Snapshot
13.1.2. Business Overview
13.1.3. Financial Overview
13.1.3.1. Revenue (US$ Mn), 2019
13.1.3.2. Dwolla, Inc. 2019 Payment Processing Solutions Business Regional Distribution
13.1.4. Product/ Service and Specification
13.2. Fidelity National Information Services, Inc (FIS)
13.3. First Data Corporation
13.4. Fiserv, Inc.
13.5. Global Payments Inc.
13.6. Jack Henry & Associates, Inc.
13.7. Mastercard Incorporated
13.8. PayPal Holdings, Inc
13.9. ACI Worldwide, Inc.
13.10. Others
