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Payment Service Providers in the UK - Industry Market Research Report

Publisher IBISWorld
Published Sep 30, 2024
Length 76 Pages
SKU # IBSS19343121

Description

Payment Service Providers in the UK - Industry Market Research Report


Payment Service Providers in the UK

The Payment Service Providers industry's revenue is expected to expand at a compound annual rate of 2.8% over the five years through 2023-24. The rise of e-commerce has driven revenue growth, as payment service providers don't have to compete with cash or invest in physical point-of-service systems. The pandemic accelerated the growing adoption of online shopping. While physical retail has recovered some market share, it remains below pre-pandemic levels. The proportion of payments made by card in the UK has steadily grown, with card payments becoming the dominant form of payment in the UK in 2017, supporting payment service providers' revenue.

The Payment Service Providers industry comprises authorised payment and e-money institutions that provide systems for accepting electronic payments, including credit and debit cards, bank transfers and other real-time money transfers. The industry does not include payment network firms or firms facilitating payments through cryptocurrencies.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares."

Table of Contents

76 Pages
ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Major Markets
Globalisation & Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY
How Do Licenses Work?
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