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Pulished Date February, 2020
ID: 9669
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Global Payment Processing Solutions Market Research Report – Segmentation by Payment Method (Credit Card, Debit Card, and E-wallet), Vertical (Retail, Hospitality, Utilities & Telecommunication), and Region (North America, Europe, APAC, MEA, and Latin America) - Forecast to 2025

Pulished: February, 2020
ID: 9669
Pages: 150

Global Payment Processing Solutions Market Size & Growth Analysis (2020 – 2025)

The global payment processing solutions market is projected to expand from US$ 39.3 billion in 2019 to $ 64.5 billion in 2025, at an annual growth rate (CAGR) of 10.4% over the conjecture period.

Payment processing solutions are the combined technology offerings that work in collaboration with the merchant and the customer to process financial transactions with the generation of a payment gateway that operates on a set of parameters predefined by the merchant. These solutions act as intermediaries between the business account and the consumer account, ensuring an efficient flow of financial transactions. These solutions are a combination of all the processes that work together to provide a better flow of transactions.

Recent developments:

  • In March 2019, Square expanded its omnichannel offerings with Square's new online store and a new Square store for retail. Both products offer vendors the tools they need to have a consistent solution for starting or developing an omnichannel business.
  • In July 2019, PayU announced that it had acquired a significant stake in Red Dot Payment, a company based in Southeast Asia, which essentially expanded its ability to provide services in the region, as well as the extension of its offerings. Payment solutions. This acquisition demonstrates PayU's desire to position itself as the leader in payment solutions and to become the world's largest financial investor.
  • In May 2019, Global Payments Inc. and Total System Services, Inc. declared a joint merger lately, becoming a global leader in payment technologies and solutions. Combined organizations will be able to offer world-class solutions to merchants and consumers in different industry sectors.

Impact of Covid-19 on the Global Payment Processing Solutions Market:

Covid-19's impact on the payment processing solutions market is clearly visible across the world as governments are strongly encouraging contactless payment solutions. This trend is foreseen to continue in the future irrespective of the spread of the coronavirus.

Growth and market trends:

  • By payment method, the credit card segment will have the largest payment processing market during the forecast period. A credit card allows consumers to accumulate a continuous balance of debt, subject to interest.
  • By vertical sector, the hospitality industry will have the largest size for payment processing solutions market during the forecast period. The hospitality sector is a broad category of service industry areas including lodging, food and beverage, event planning, theme parks, transportation, cruise lines, travel, and other areas of the tourism industry. The growth in leisure activities and disposable income has promoted the hospitality sector. The rise in tourism activities has made hospitality industry one of the largest contributors as well as one of the fastest-growing verticals in the global payment processing solutions market.

Market Drivers and Restraints:

  • Increased promotion and strategies adopted by various authorities around the world to promote digital payment methods should stimulate market growth.
  • The increasing use of online payment methods, as it promotes convenience and ease of transactions should stimulate market growth.
  • A significant increase in the number of smartphone users and the integration of online payment solutions on these devices should stimulate market growth
  • Increased demand to facilitate the transaction flow towards greater efficiency with constant progress is made to improve customer management.
  • The lack of availability of standards and regulations for carrying out international transactions should limit market growth.
  • Concerns about cyber-attacks and the confidentiality of information associated with digital payment methods are expected to limit market growth.

Market segmentation:

Depending on the payment method, the global payment processing solutions market was segmented into credit cards, debit cards and electronic wallets.

The credit card segment held the substantial share in 2019. Businesses make extensive use of credit card processing tools because they enable functions like placing commercial orders, shipping and turnover and the level of stocks within the company. The e-wallets segment is foreseen to experience the fastest growth over the outlook period. The increasing penetration of smartphones and laptops around the world is likely to boost the usage of electronic wallets. The increased speed of payment processing and the convenience of these e-wallets are expected to create growth opportunities over the envisioned period. The emergence of numerous e-commerce platforms around the world is also boosting the e-wallet segment.

Based on end-use, the payment processing solutions market was segmented in the hotel, retail, utilities and telecommunications, etc. The hospitality segment dominated the worldwide market in 2019. The hospitality industry is also determined to experience the fastest growth over the conjecture period. Suppliers are focused on providing personalized retail payment processing solutions that allow merchants to provide flexible point-of-sale transaction methods. This helps retailers improve customer service through secure, fast and efficient payments. In addition, retailers widely adopt these solutions to have complete visibility of payment transactions.

Regional Analysis:

In terms of region, the global market for payment processing solutions is divided into North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. North America dominated the global payment processing solutions market in 2019. The high adoption of digital payment solutions in North American countries is supposed to contribute to the growth of the regional market. In addition, the increasing adoption of mobile wallets in the region should stimulate growth in the local market. In addition, in North American countries, a credit card is the preferred method of money transfer between customers, both at the point of sale (POS) and online.

The United States had the largest market share in the North American payment processing solutions market. The reason for this dominance is the need for advanced applications in end-use segments, such as banking, retail, financial services, transportation and other industries. Credit cards are the most popular form of payment for consumers for POS and online platforms in North American countries.

The Asia-Pacific region is determined to witness exceptional demand over the forecast period in the global payment processing solutions market. China and India are expected to maintain substantial shares during the forecast period due to the increasing government initiatives to promote contactless payments. The governments of both countries encourage people to adopt technology to make or receive payments.

Key players in the market:

The main providers in the market are PayPal (United States), Adyen (Netherlands), Stripe (United States), Square (United States), Wirecard (Germany), Global Payments (United States), CCBill (United States), PayU (Netherlands), Authorize.Net (United States), Due (United States), First Data (United States), Jack Henry & Associates (United States), Alipay (China), Paysafe (United Kingdom) and BlueSnap ( United States).

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Payment Processing Solutions Market, By Payment Method                               

                                6.1.1 Credit Card              

                                6.1.2 Debit Card               

                                6.1.3 E-Wallet   

                                6.1.4 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.5 Y-o-Y Growth Rate Analysis             

                                6.1.6 Market Attractiveness Index          

                6.2 Payment Processing Solutions Market, By Vertical                    

                                6.2.1 Retail         

                                6.2.2 Hospitality               

                                6.2.3 Utilities     

                                6.2.4 Telecommunication            

                                6.2.5 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.6 Y-o-Y Growth Rate Analysis             

                                6.2.7 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Payment Method          

                                7.2.3 By Vertical               

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Payment Method          

                                7.3.3 By Vertical               

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Payment Method          

                                7.4.3 By Vertical               

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Payment Method          

                                7.5.3 By Vertical               

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Payment Method          

                                7.6.3 By Vertical               

8. Key Player Analysis                                    

                8.1 PayPal                           

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Adyen                           

                8.3 Stripe                            

                8.4 Square                          

                8.5 Wirecard                      

                8.6 CCBill                             

                8.7 PayU                             

                8.8 Authorize.Net                           

                8.9 First Data                     

                8.10 Paysafe                      

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of Payment Method, Vertical along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Payment Processing Solutions Market By Region, From 2020-2025 ( USD Billion )
  2. Global Payment Processing Solutions Market By Payment Method, From 2020-2025 ( USD Billion )
  3. Global Credit Card Market By Region, From 2020-2025 ( USD Billion )
  4. Global Debit Card Market By Region, From 2020-2025 ( USD Billion )
  5. Global E-Wallet Market By Region, From 2020-2025 ( USD Billion )
  6. Global Payment Processing Solutions Market By Vertical, From 2020-2025 ( USD Billion )
  7. Global Retail Market By Region, From 2020-2025 ( USD Billion )
  8. Global Hospitality Market By Region, From 2020-2025 ( USD Billion )
  9. Global Utilities Market By Region, From 2020-2025 ( USD Billion )
  10. Global Telecommunication Market By Region, From 2020-2025 ( USD Billion )

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