Payment Processing Solutions Market Increasing Demand, Growth Analysis and Future Outlook by 2031

The global payment processing solutions market is expected to garner significant growth over the forecast period. Factors such as high penetration of smartphones, various government initiatives for the promotion of digital and online payments across the globe, and significant investment in online payment solutions globally are driving the market growth. As per the World Bank estimation, in 2016, the total value of business-to-business (B2B) retail payments across the globe by micro, small and medium retailers (MSMRs) to immediate suppliers were $13.3 trillion. Of the total transaction, 53% (approximately $7 trillion) are made electronically, and the remaining is in cash and checks. Moreover, the total value of business-to-consumer (B2C) retail payments across the globe by MSMRs were $2 trillion, 50% of which are made electronically. Electronic payments are more widely used by non-grocery retailers compared to grocery retailers, regardless of the mode of business (B2B, B2C) transactions. These facts and figures reflect the need for payment processing solutions across various verticals; thereby, augmenting the market growth in near future.

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The key players contributing to the growth of the global payment processing solutions market by adopting various strategies such as product launches & developments, mergers, and acquisition, partnership, and agreements, include Visa Inc., Adyen N.V., PayPal Holdings, Inc., BlueSnap Inc., and MasterCard International Inc., among others.  For instance, in June 2021, GoDaddy launched a Payment Processing Solution for its e-commerce customers to directly manage transactions on its business platform. The solution can process all key credit and debit cards including MasterCard, Visa, and American Express, and charge a small fee on each transaction.

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• Market Coverage


• Market number available for – 2025-2031


• Base year- 2025


• Forecast period- 2025-2031


• Segment Covered- By Source, By Product Type, By Applications


• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill


• , and others

Global Payment Processing Solutions Market -Segmentation

Global Payment Processing Solutions Market by Payment Method

• Credit Card


• Debit Card


• E-Wallet


• Others (Gift Cards)

Global Payment Processing Solutions Market by Vertical

• Retail & E-Commerce


• Hospitality


• Business Enterprises


• Others (Healthcare)

Global Payment Processing Solutions Market -Region

North America

• United States


• copyright

Europe

• UK


• Germany


• Italy


• Spain


• France


• Rest of Europe

Asia-Pacific

• China


• India


• Japan


• Rest of Asia-Pacific

Rest of the World

• Latin America


• Middle-East and Africa

The Report Covers

• Market value data analysis of 2018 and forecast to 2025.


• Annualized market revenues ($ million) for each market segment.


• Country-wise analysis of major geographical regions.


• Key companies operating in the global payment processing solutions market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.


• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.


• Analysis of market-entry and market expansion strategies.


• Competitive strategies by identifying ‘who-stands-where’ in the market.

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