Payment Processing Solutions Market by Payment Method (Credit Card, Debit Card, and Ewallet), Vertical (Retail, Hospitality, Utilities & Telecommunication), And Region (North America, Europe, APAC, MEA, and Latin America) - Global Forecast to 2024

Payment Processing Solutions Market by Payment Method (Credit Card, Debit Card, and Ewallet), Vertical (Retail, Hospitality, Utilities & Telecommunication), And Region (North America, Europe, APAC, MEA, and Latin America) - Global Forecast to 2024

Global payment processing solutions market size to grow at a CAGR of 10.4% during the forecast period
The global payment processing solutions market is expected to grow from USD 39.3 billion in 2019 to USD 64.5 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 10.4% during the forecast period. Major growth factors for the market include increasing worldwide initiatives for the promotion of digital and online payments, high proliferation of smartphones, focus on improving customer experience, and customers’ demand for immediacy of payments and settlements. These factors are expected to drive the global payment processing solutions market. However, lack of global standard for international transaction may limit the market growth.

eWallet segment to grow at the highest CAGR during the forecast period
An eWallet is a way of carrying digital card information in a digital form on a mobile device. To make purchases, people can pay with their tablets, smartwatches, or smartphones. Normally, an eWallet is a payment service through which individuals and businesses can send and receive money through a mobile device. Primarily, it enables an individual to receive payments, as well as pay, using a mobile device. Usually, an eWallet is provided through some payment processing models.

Asia Pacific (APAC) to grow at the highest growth rate during the forecast period
APAC has witnessed advanced and dynamic adoption of new technologies and is expected to record the highest CAGR during the forecast period. Payment methods vary widely across the region, both between and within countries, and across the spectrums of development from urban to rural. Companies operating in Asia thus, face a complicated and demanding payment landscape. Since last few years, APAC increasingly preferred to pay online via alternative payment methods, such as eWallets, bank transfers, and cash on delivery. Moreover, the increasing market of retail in APAC has enabled the payment processing solutions provider to focus more in this region for providing advanced solutions.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the payment processing solutions market.

The following list provides the breakup of primary respondents’ profiles:
By company type: Tier 1: 35%, Tier 2: 45%, and Tier 3: 20%
By designation: C level Executives: 35%, Director Level: 25%, and Others: 40%
By region: North America: 45%, Europe: 20%, APAC: 30%, and Rest of the World: 5%

Major vendors in the global payment processing solutions market include PayPal Payments Private Limited (PayPal), Adyen, Inc. (Adyen), Stripe, Inc. (Stripe), Square, Inc. (Square), Wirecard AG (Wirecard), Global Payments Direct, Inc. (Global Payments), CCBill, LLC. (CCBill), PayU (PayU), Authorize.Net (Authorize.Net), Due Inc. (Due), First Data Corporation (First Data), Jack Henry & Associates, Inc. (Jack Henry & Associates), Alipay (Alipay), Paysafe Holdings UK Limited (Paysafe), and BlueSnap Inc. (BlueSnap).

Research coverage:
The report includes an in-depth competitive analysis of the key players in the payment processing solutions market, along with their company profiles, recent developments, and key market strategies. The report segments the global payment processing solutions market by payment method, vertical, and region.

Key benefits of buying the report:
The report would provide the market leaders/new entrants in the payment processing solutions market, information on the closest approximations of the revenue numbers for the overall payment processing solutions market and subsegments. The report would also help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. It also helps stakeholders understand the pulse of the market and provides them with information on the key market drivers, restraints, challenges, and opportunities.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKET SEGMENTATION
      • REGIONS COVERED
    • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY CONSIDERED
      • Table UNITED STATES DOLLAR EXCHANGE RATE, 2016-2018
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET BREAKUP AND DATA TRIANGULATION
    • MARKET SIZE ESTIMATION
      • TOP-DOWN APPROACH
      • BOTTOM-UP APPROACH
    • MARKET FORECAST
      • Table FACTOR ANALYSIS
    • COMPETITIVE LEADERSHIP METHODOLOGY
    • ASSUMPTIONS FOR THE STUDY
    • LIMITATIONS OF THE STUDY
  • EXECUTIVE SUMMARY
    • Table PAYMENT PROCESSING SOLUTIONS MARKET SIZE AND GROWTH RATE, 2017-2024 (USD MILLION, Y-O-Y %)
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE PAYMENT PROCESSING SOLUTIONS MARKET
    • GLOBAL PAYMENT PROCESSING SOLUTIONS MARKET; MARKET SHARE OF TOP 2 PAYMENT METHODS AND REGIONS
    • PAYMENT PROCESSING SOLUTIONS MARKET, BY REGION
    • PAYMENT PROCESSING SOLUTIONS MARKET: INVESTMENT SCENARIO
  • MARKET OVERVIEW AND INDUSTRY TRENDS
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • STANDARDS AND REGULATORY IMPLICATIONS
      • PAYMENT CARD INDUSTRY SECURITY STANDARDS COUNCIL
      • PAYMENT CARD INDUSTRY DATA SECURITY STANDARD
      • PAYMENT SERVICES DIRECTIVE
      • FIRST PAYMENT SERVICES DIRECTIVE
      • SECOND PAYMENT SERVICES DIRECTIVE
    • PAYMENT PROCESSING ARCHITECTURE
      • MERCHANT ACQUIRING PROCESSING
      • PAYMENT NETWORK PROCESSING
      • ISSUER CARD PROCESSING
    • EMERGING TRENDS AND OPPORTUNITIES IN THE PAYMENT PROCESSING INDUSTRY
    • USE CASES
      • BLUEPAY
      • PAYPAL
      • PAYSCAPE
      • WORLDPAY
  • PAYMENT PROCESSING SOLUTIONS MARKET, BY PAYMENT METHOD
    • INTRODUCTION
      • Table PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY PAYMENT METHOD, 2017-2024 (USD MILLION)
    • EWALLET
      • INCREASING DEMAND FOR SMARTPHONES TO DRIVE EWALLET USAGE
        • Table EWALLET: PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
    • CREDIT CARD
      • NORTH AMERICA AND EUROPE TO WITNESS GROWTH IN CREDIT CARD PAYMENT PROCESSING SOLUTIONS
        • Table CREDIT CARD: PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
    • DEBIT CARD
      • INCREASING USE OF DEBIT CARDS TO GRADUALLY REPLACE CHECKS AND CASH TRANSACTIONS
        • Table DEBIT CARD: PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • PAYMENT PROCESSING SOLUTIONS MARKET, BY VERTICAL
    • INTRODUCTION
      • Table PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY VERTICAL, 2017-2024 (USD MILLION)
    • RETAIL
      • RETAILERS TO ESTABLISH ONLINE STORES FOR PROVIDING IMPROVED SERVICES TO CUSTOMERS
        • Table RETAIL: PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
    • HOSPITALITY
      • HOSPITALITY VERTICAL IS ONE OF THE BIGGEST CONTRIBUTORS IN THE PAYMENT PROCESSING SOLUTIONS MARKET
        • Table HOSPITALITY: PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
    • UTILITIES AND TELECOMMUNICATION
      • TELECOMMUNICATION AND UTILITIES CUSTOMERS TO DEMAND FOR MORE CONVENIENT AND FASTER MODE OF BILL PAYMENTS
        • Table UTILITIES AND TELECOMMUNICATION: PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
    • OTHERS
      • Table OTHERS: PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • PAYMENT PROCESSING SOLUTIONS MARKET, BY REGION
    • INTRODUCTION
      • Table PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY PAYMENT METHOD, 2017-2024 (USD MILLION)
      • Table NORTH AMERICA: PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY VERTICAL, 2017-2024 (USD MILLION)
      • Table NORTH AMERICA: PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
      • UNITED STATES
      • CANADA
    • EUROPE
      • Table EUROPE: PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY PAYMENT METHOD, 2017-2024 (USD MILLION)
      • Table EUROPE: PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY VERTICAL, 2017-2024 (USD MILLION)
      • Table EUROPE: PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
      • UNITED KINGDOM
      • GERMANY
      • REST OF EUROPE
    • ASIA PACIFIC
      • Table ASIA PACIFIC: PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY PAYMENT METHOD, 2017-2024 (USD MILLION)
      • Table ASIA PACIFIC: PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY VERTICAL, 2017-2024 (USD MILLION)
      • Table ASIA PACIFIC: PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
      • CHINA
      • JAPAN
      • INDIA
      • REST OF ASIA PACIFIC
    • MIDDLE EAST AND AFRICA
      • Table MIDDLE EAST AND AFRICA: PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY PAYMENT METHOD, 2017-2024 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY VERTICAL, 2017-2024 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
      • KINGDOM OF SAUDI ARABIA
      • UNITED ARAB EMIRATES
      • ISRAEL
      • REST OF MIDDLE EAST AND AFRICA
    • LATIN AMERICA
      • Table LATIN AMERICA: PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY PAYMENT METHOD, 2017-2024 (USD MILLION)
      • Table LATIN AMERICA: PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY VERTICAL, 2017-2024 (USD MILLION)
      • Table LATIN AMERICA: PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
      • BRAZIL
      • MEXICO
      • REST OF LATIN AMERICA
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
    • COMPETITIVE SCENARIO
      • NEW PRODUCT LAUNCHES AND PRODUCT ENHANCEMENTS
        • Table NEW PRODUCT LAUNCHES AND PRODUCT ENHANCEMENTS, 2016-2019
      • PARTNERSHIPS, COLLABORATIONS, AND AGREEMENTS
        • Table PARTNERSHIPS, COLLABORATIONS, AND AGREEMENTS, 2016-2019
      • MERGERS AND ACQUISITIONS
        • Table MERGERS AND ACQUISITIONS, 2016-2018
    • COMPETITIVE LEADERSHIP MAPPING
      • Table EVALUATION CRITERIA
      • VISIONARY LEADERS
      • DYNAMIC DIFFERENTIATORS
      • INNOVATORS
      • EMERGING COMPANIES
    • RANKING OF KEY PLAYERS
  • COMPANY PROFILES
    • INTRODUCTION
    • PAYPAL
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • ADYEN
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • STRIPE
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SQUARE
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • WIRECARD
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • GLOBAL PAYMENTS
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • CCBILL
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • PAYU
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • AUTHORIZE.NET
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • MNM VIEW
    • DUE
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • MNM VIEW
    • FIRST DATA
    • JACK HENRY & ASSOCIATES
    • ALIPAY
    • PAYSAFE
    • BLUESNAP
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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