Payment Processing Solutions Market Size to Reach USD 52,060 Million by 2026 at CAGR 5.9% | Valuates Reports

USA - English

• India - English

BANGALORE, India, March 15, 2021 /PRNewswire/ -- The Payment Processing Solutions Market is Segmented Type (Credit Card, Debit Card, Ewallet), Application (Hospitality, Retail, Utilities and Telecommunication, Others). The report covers global opportunity analysis and industry forecast from 2021 to 2026. It is published on  Valuates Reports in the Software & Services Category.

The global Payment Processing Solutions market size is projected to reach USD 52,060 Million by 2026, from USD 33,810 Million in 2019, at a CAGR of 5.9% during the forecast period 2021-2026.

Major factors driving the growth of payment processing solutions market size are,

• Increasing eCommerce sales along with growing internet and smartphone penetration.
• Embracing contactless payments globally and evolving customer expectations

Request a Sample Copy of the Report For COVID-19 Impact Analysis on Payment Processing Solutions Market : https://reports.valuates.com/request/sample/QYRE-Auto-25J944/Global_Payment_Processing_Solutions_Market

TRENDS INFLUENCING THE PAYMENT PROCESSING SOLUTIONS MARKET SIZE

The high penetration of smartphones and the adoption of mobile payment applications are expected to drive the growth of payment processing solution market size. Smartphone applications provide customers with alternative billing options. Customers have been able to complete billing transactions more quickly due to these applications.

The demand for faster transactions is expected to increase the growth of payment processing solutions market size during the forecast period. Customers' standards for the immediacy of payment have changed as a result of online shopping. Customers demand quicker transaction services from businesses around the board. 

Increasing eCommerce sales coupled with increasing internet speed is expected to fuel the growth of payment processing solutions market size. With the introduction of modern payment technology, increased smartphone transactions, and the increasing use of online card payments, the retail industry has shifted away from traditional business models. Retailers are now concentrating on providing innovative mobile payment solutions, risk management, and customer support, both online and off. 

Favorable government initiatives are expected to increase the payment processing solution market size. Payment services are critical to a country's economic development. With digitization and ongoing technological advancements, the payment processing technology will increasingly provide customers and businesses with a variety of personalized, easy, and versatile transaction options. Governments understand that the use of digital payments is rapidly increasing, and they want to ensure that everybody has access to the ability to pay for goods and services digitally.

View Report Details Before Purchasing: https://reports.valuates.com/market-reports/QYRE-Auto-25J944/global-payment-processing-solutions

PAYMENT PROCESSING SOLUTIONS MARKET SHARE ANALYSIS

Based on the region, North America is expected to hold the largest payment processing solution market share during the forecast period. 

The demand for payment processing solutions was dominated by North America. The widespread use of digital payment solutions in North American countries is driving market growth. In addition, the growing adoption of mobile wallets in the region is expected to fuel the payment processing market size.

On the other hand, the Asia-Pacific is expected to witness the highest growth due to the growing adoption of smartphones, coupled with internet services.

Based on the payment method the e-wallet segment is anticipated to witness the fastest growth over the forecast period.

Based on the end-user segment, the hospitality segment is expected to hold the largest payment processing solution market share, and the retail end-use segment is anticipated to witness the fastest growth. 

Inquire for Regional Report: https://reports.valuates.com/request/regional/QYRE-Auto-25J944/Global_Payment_Processing_Solutions_Market

Payment Processing Solutions Breakdown Data by Type

• Credit Card
• Debit Card
• Ewallet

Payment Processing Solutions Breakdown Data by Application

• Hospitality
• Retail
• Utilities and Telecommunication
• Others

The following players are covered in this report:

• Wirecard AG
• Naspers Limited
• Visa Inc.
• Jack Henry & Associates Inc.
• PayPal Holdings, Inc.
• Global Payments Inc.
• First Data Corporation
• Square Inc.
• Adyen N.V.
• Jack Henry & Associates Inc.
• PayPal Holdings, Inc.

"We can also add the other companies as you want"

Buy Now for Single User + Covid-19 Impact : https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-25J944&lic=single-user

Buy Now for Enterprise License + Covid-19 Impact :  https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-25J944&lic=enterprise-user

SUBSCRIPTION

We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.

SIMILAR REPORTS :

-  The global Contactless Payments market size is projected to reach USD 23410 Million by 2027, from USD 10260 Million in 2020, at a CAGR of 12.0% during 2021-2027.

-  Payment Processing Software Market Size, Share, Trends, Growth, Industry Analysis, Forecast 2021 to 2026. The Report contains segmentation by Type (Cloud, On-Premises), By Application (Large Enterprises, SMEs) and Regional Opportunity Analysis and Industry Forecast.

-  Payment Processing Market Size, Share, Trends, Growth, Industry Analysis, Forecast 2021 to 2026. The Report contains segmentation by Type (Online Mode, Offline Mode), By Application (Retail, Catering Industry, Medicine & Cosmetics, Other) and Regional Opportunity Analysis and Industry Forecast.

-  RealTime Payments Market Size, Share, Trends, Growth, Industry Analysis, Forecast 2020 to 2026. The Report contains segmentation by Type (Person-to-Person (P2P), Person-to-Business (P2B), Business-to-Person (B2P)), By Application (BFSI, IT and Telecommunications, Retail and e-commerce, Government, Energy and Utilities, Others)

-  Smart Payment Market Size, Share, Trends, Growth, Industry Analysis, Forecast 2020 to 2026. The Report contains segmentation by Type (Universal, Dedicated), By Application (Banking & Financial Services Industry, Medical Treatment, Education, Property, ETC, Other)

-  E-Payment Market Size, Share, Trends, Growth, Industry Analysis, Forecast 2020 to 2026. The Report contains segmentation by Type (Cross-Boundary, Non-Cross-Boundary), By Application (BFSI, Healthcare, Energy and Electricity, Tourism and Transport, Retail, Government/Public Sector, Other) 

-  The global Digital Payment market size is projected to reach USD 77850 Million by 2026, from USD 38250 Million in 2019, at a CAGR of 10.2% during 2021-2026.

-  Near Field Communication (NFC) Market Size, Share, Trends, Growth, Industry Analysis, Forecast 2020 to 2026. The Report contains segmentation by Type (Card Emulation, Reader Emulation, Peer-to-peer), By Application (Retail, Transportation, Automotive, Others) 

-  Digital Wallets Market Size, Share, Trends, Growth, Industry Analysis, Forecast 2020 to 2026. The Report contains segmentation by Type (Hardware, Software, Services), By Application (MNOs, Financial Institutions (Banks), Payment Network, Intermediaries, Merchants, Customers) 

To see the full list of related reports on the Payment Processing Solutions

ABOUT US:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs. 

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains detail research methodology employed to generate the report, Please also reach to our sales team to get the complete list of our data sources

CONTACT US:
Valuates Reports
[email protected]
For U.S. Toll-Free Call  +1-(315)-215-3225
For IST Call  +91-8040957137
WhatsApp : +91 9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
Linkedin - https://in.linkedin.com/company/valuatesreports
Facebook - https://www.facebook.com/valuatesreports

SOURCE Valuates Reports