Payment Processing Solutions Market by Payment Method (Debit Card, Credit Card, ACH, eWallet), Vertical (BFSI, Retail, Healthcare, Telecom, Travel & Hospitality, Real Estate), and Region (North America, Europe, APAC, RoW)

The Payment processing solutions market is estimated at USD 103.2 billion in 2023 to USD 160.0 billion by 2028, at a CAGR of 9.2%. Integrating advanced technologies like AI, ML, blockchain, and biometrics into payment processing solutions enhances security, fraud detection, and transaction speed, making them more appealing to businesses and consumers.

Based on vertical, the retail segment is expected to register the fastest growth rate during the forecast period.

The retail industry is undergoing a significant transformation, with retailers updating their brick-and-mortar stores and establishing online platforms to drive revenue and enhance customer experiences. Retailers are embracing innovative technologies such as cloud computing, Big Data analytics, digital storefronts, and social networks to increase their visibility and market presence. They recognize the numerous benefits of digital payments, including faster transaction times, increased revenue, improved operational efficiency, and reduced costs. Mobile payments have played a pivotal role in streamlining transactions and reducing queues at retail stores. Many e-commerce companies now offer smartphone apps that reduce reliance on traditional payment methods and deliver unique and convenient customer experiences.

Asia Pacific to register the highest growth rate during the forecast period.

Asia Pacific region exhibits a strong preference among consumers for both seamless and secure digital payment transactions. This has created a favorable market for advanced payment processing solutions. Global providers in this sector are capitalizing on the region's growing retail market and are increasingly targeting Asia Pacific to deliver sophisticated payment solutions. Notably, countries such as China, India, Indonesia, and Malaysia have experienced a surge in mobile transactions, prompting their governments to prioritize user-friendly payment methods. The GSMA's “The Mobile Economy 2021” report reveals that Asia Pacific boasts a 42% mobile internet penetration, with 1.2 billion individuals connected to mobile internet by the end of 2020, representing an addition of 200 million new subscribers compared to the previous year.

Breakdown of primaries

The study contains insights from various industry experts, from solution vendors to Tier 1 companies. The break-up of the primaries is as follows:

By Stakeholder: Payment Processors - 67%, Card Issuers - 25%, and Network Providers - 8%
By Designation: C-level -25%, D-level - 58.3%, and Others - 16.7%
By Region: North America - 50%, Europe - 16.7%, Asia Pacific - 25%, Rest of the World- 8.3%.

The major players in the Payment processing solutions market are The major vendors covered in the payment processing solutions market include PayPal (US), Fiserv (US), FIS (US), Global Payments (US), ACI Worldwide (US), Square (US), Mastercard (US), Visa (US), Adyen (Netherland), Stripe (US), PayU (Netherland), Jack Henry & Associates (US), Paysafe (UK), PhonePe (India), Razorpay (India), Secure Payment Systems (US), Worldline (France), Spreedly (US), Fattmerchant (US), North American Bancard (US), Dwolla (US), CCBill (US), Authorize.Net (US), Alipay (China), PayProTec (US), SignaPay (US), Klik & Pay (Switzerland), Finix Payments (US), Due (US), Pineapple Payments (US), Modulr (UK), MuchBetter (UK), Paykickstart (US), AeroPay (US), and Sila (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, product enhancements, and acquisitions to expand their footprint in the Payment processing solutions market.

Research Coverage

The market study covers the Payment processing solutions market size across different segments. It aims at estimating the market size and the growth potential across different segments, including payment method, vertical, and region. The study includes an in-depth competitive analysis of the leading market players, their company profiles, key observations related to product and business offerings, recent developments, and market strategies.

Key Benefits of Buying the Report

The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the global Payment processing solutions market and its subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. Moreover, the report will provide insights for stakeholders to understand the market's pulse and provide them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

Analysis of key drivers (Increasing eCommerce sales along with growing internet penetration, Embracing contactless payments globally, Evolving customer expectations, Rising use of mCommerce in the transportation industry, and Increasing focus on security and fraud prevention), restraints (Absence of a global standard for cross-border transactions Lack of digital literacy in emerging countries, and Technical limitations and resistance to change), opportunities (Rising financial inclusion across the globe, Rising government and private initiatives to promote digital transactions and Global e-commerce growth), and challenges (Threat of increasing cyberattacks on digital payment solutions, and Regulatory compliance) influencing the growth of the Payment processing solutions market.
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the Payment processing solutions market.
Market Development: Comprehensive information about lucrative markets - the report analyses the Payment processing solutions market across various regions.
Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the Payment processing solutions market.
Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players such as major vendors covered in the payment processing solutions market include PayPal (US), Fiserv (US), FIS (US), Global Payments (US), ACI Worldwide (US), Square (US), Mastercard (US), Visa (US), Adyen (Netherland), Stripe (US), PayU (Netherland), Jack Henry & Associates (US), Paysafe (UK), PhonePe (India), Razorpay (India), Secure Payment Systems (US), Worldline (France), Spreedly (US), Fattmerchant (US), North American Bancard (US), Dwolla (US), CCBill (US), Authorize.Net (US), Alipay (China), PayProTec (US), SignaPay (US), Klik & Pay (Switzerland), Finix Payments (US), Due (US), Pineapple Payments (US), Modulr (UK), MuchBetter (UK), Paykickstart (US), AeroPay (US), and Sila (US).

1 Introduction

1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions & Exclusions
Table 1 Payment Processing Solutions Market, by Payment Method: Inclusions & Exclusions
Table 2 Market, by Vertical: Inclusions & Exclusions
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regions Covered
1.3.3 Years Considered
1.4 Currency Considered
Table 3 USD Exchange Rates, 2020-2022
1.5 Stakeholders
1.6 Summary of Changes
1.7 Recession Impact

2 Research Methodology

2.1 Research Data
Figure 1 Payment Processing Solutions Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Interviews with Experts
2.1.2.2 List of Key Primary Interview Participants
2.1.2.3 Breakdown of Primary Profiles
2.1.2.4 Key Industry Insights
2.2 Market Breakup and Data Triangulation
2.3 Market Size Estimation
Figure 2 Market: Top-Down and Bottom-Up Approaches
2.3.1 Top-Down Approach
2.3.2 Bottom-Up Approach
Figure 3 Payment Processing Solutions Market Estimation: Demand-Side Analysis
Figure 4 Market Estimation: Supply-Side Analysis
2.4 Market Forecast
Table 4 Factor Analysis
2.5 Assumptions
Table 5 Study Assumptions
2.6 Limitations
2.7 Implication of Recession

3 Executive Summary

Figure 5 Payment Processing Solutions Market, 2021-2028 (USD Million)
Figure 6 Market: Regional Share, 2023
Figure 7 Asia-Pacific to be Best Market for Investments During Forecast Period

4 Premium Insights

4.1 Brief Overview of Market
Figure 8 Rising Government Initiatives for Digital Payments to Act as Opportunity in Market
4.2 North America: Market, by Top 3 Payment Methods and Verticals
Figure 9 Credit Card Segment and Bfsi to Account for Large Shares in North America
4.3 Asia-Pacific: Market, by Top 3 Payment Methods and Countries
Figure 10 Credit Card Segment and China to Account for Large Shares in Asia-Pacific

5 Market Overview and Industry Trends

5.1 Introduction
5.2 Market Dynamics
Figure 11 Drivers, Restraints, Opportunities, and Challenges: Payment Processing Solutions Market
5.2.1 Drivers
5.2.1.1 Increasing Ecommerce Sales Along with Growing Internet Penetration
5.2.1.2 Embracing Contactless Payments Globally
5.2.1.3 Evolving Customer Expectations
5.2.1.4 Rising Use of Mcommerce in the Transportation Industry
5.2.1.5 Increasing Focus on Security and Fraud Prevention
5.2.2 Restraints
5.2.2.1 Absence of Global Standards for Cross-Border Transactions
5.2.2.2 Lack of Digital Literacy in Emerging Countries
5.2.2.3 Technical Limitations and Resistance to Change
5.2.3 Opportunities
5.2.3.1 Rising Financial Inclusion Globally
5.2.3.2 Rising Government and Private Initiatives to Promote Digital Transactions
5.2.3.3 Global Growth of E-commerce
5.2.4 Challenges
5.2.4.1 Threat of Increasing Cyberattacks on Digital Payment Solutions
5.2.4.2 Regulatory Compliance
5.3 Regulatory Landscape
5.4 Industry Trends
5.4.1 Use Cases
5.4.1.1 Use Case 1: Paypal
5.4.1.2 Use Case 2: Fis
5.4.1.3 Use Case 3: Payu
5.4.1.4 Use Case 4: Stripe
5.4.1.5 Use Case 5: Square
5.4.2 Best Practices in the Payment Processing Solutions Market
5.4.3 Value Chain Analysis
Figure 12 Market: Value Chain Analysis
5.4.4 Brief History of Payment Processing Solutions
Figure 13 Evolution of Payment Processing Solutions
5.4.4.1 2000-2010
5.4.4.2 2010-2020
5.4.4.3 2020-Present
5.4.5 Ecosystem
Figure 14 Payment Processing Solutions Ecosystem
Table 6 Payment Processing Solutions Market: Ecosystem
5.4.6 Patent Analysis
5.4.6.1 Methodology
5.4.6.2 Document Type
Table 7 Patents Filed, 2020-2023
5.4.6.3 Innovation and Patent Applications
Figure 15 Total Number of Patents Granted, 2020-2023
5.4.6.4 Top Applicants
Figure 16 Top Ten Patent Applicants, 2020-2023
5.4.7 Pricing Analysis
5.4.7.1 Average Selling Price of Key Players
Table 8 Average Selling Price of Key Players
5.4.7.2 Average Selling Price Trend
5.4.8 Impact of Payment Processing Solutions on Adjacent Technologies
5.4.8.1 Technology Analysis
5.4.8.1.1 Adjacent Technologies
5.4.8.1.1.1 Encryption and Tokenization
5.4.8.1.1.2 Point-Of-Sale (Pos) Technologies
5.4.8.1.1.3 Near Field Communication (Nfc)
5.4.8.1.1.4 Mobile Wallets and Payment Apps
5.4.8.1.1.5 Biometric Authentication
5.4.8.1.1.6 Analytics and Business Intelligence
5.4.8.1.1.7 Internet of Things (IoT)
5.4.8.1.1.8 Blockchain and Cryptocurrency Technologies
5.4.8.1.2 Related Technologies
5.4.8.1.2.1 Payment Gateways
5.4.8.1.2.2 Application Programming Interfaces (Apis)
5.4.8.1.2.3 Cloud Computing
Table 9 Digital Technology Enablers, Their Benefits, and Examples in Payment Processing Solutions Market
5.4.9 Trends and Disruptions Impacting Buyers
Figure 17 Market
5.4.10 Porter's Five Forces Analysis
Table 10 Market: Porter's Five Forces Model
5.4.10.1 Threat of New Entrants
5.4.10.2 Threat of Substitutes
5.4.10.3 Bargaining Power of Buyers
5.4.10.4 Bargaining Power of Suppliers
5.4.10.5 Intensity of Competitive Rivalry
5.4.11 Key Conferences & Events in 2023-24
Table 11 Payment Processing Solutions Market: Detailed List of Conferences & Events
5.4.12 Key Stakeholders & Buying Criteria
5.4.12.1 Key Stakeholders in Buying Process
Figure 18 Influence of Stakeholders on Buying Process for Top Three Verticals
Table 12 Influence of Stakeholders on Buying Process for Top Three Verticals (%)
5.4.12.2 Buying Criteria
Figure 19 Key Buying Criteria for Top Three Verticals
Table 13 Key Buying Criteria for Top Three Verticals
5.4.13 Future Direction of Market

6 Payment Processing Solutions Market, by Payment Method

6.1 Introduction
Figure 20 Ewallet Segment to Grow at Highest CAGR During Forecast Period
6.1.1 Payment Method: Market Drivers
Table 14 Market, by Payment Method, 2018-2022 (USD Million)
Table 15 Market, by Payment Method, 2023-2028 (USD Million)
6.2 Ewallet
6.2.1 Increasing Payments by Mobile Devices to Drive Payment Solutions Market Growth
Table 16 Ewallet: Market, by Region, 2018-2022 (USD Million)
Table 17 Ewallet: Market, by Region, 2023-2028 (USD Million)
6.3 Credit Card
6.3.1 Growing Credit Card Users to Boost Market Growth
Table 18 Credit Card: Market, by Region, 2018-2022 (USD Million)
Table 19 Credit Card: Market, by Region, 2023-2028 (USD Million)
6.4 Debit Card
6.4.1 Exclusive Use of Some Debit Cards on the Internet to Drive Market Growth
Table 20 Debit Card: Market, by Region, 2018-2022 (USD Million)
Table 21 Debit Card: Market, by Region, 2023-2028 (USD Million)
6.5 Automatic Clearing House
6.5.1 Developing Ach Transfers with Increasing Security to Fuel Demand for Payment Processing Solutions
Table 22 Automatic Clearing House: Market, by Region, 2018-2022 (USD Million)
Table 23 Automatic Clearing House: Market, by Region, 2023-2028 (USD Million)
6.6 Other Payment Methods
Table 24 Other Payment Methods: Market, by Region, 2018-2022 (USD Million)
Table 25 Other Payment Methods: Market, by Region, 2023-2028 (USD Million)

7 Payment Processing Solutions Market, by Vertical

7.1 Introduction
Figure 21 Retail Vertical to Grow at Highest CAGR During Forecast Period
7.1.1 Vertical: Market Drivers
Table 26 Market, by Vertical, 2018-2022 (USD Million)
Table 27 Market, by Vertical, 2023-2028 (USD Million)
7.2 Banking, Financial Services, and Insurance
7.2.1 Increasing Adoption of Advanced Technologies in the Bfsi Sector to Drive Market Growth
Table 28 Bfsi: Market, by Region, 2018-2022 (USD Million)
Table 29 Bfsi: Market, by Region, 2023-2028 (USD Million)
7.2.2 Use Case
7.2.2.1 to Bring Powerful Payment Optimization Tools and Multiple Payment Methods for Better Customer Checkout Experience
7.2.2.2 Fis Helped River City Bank to Strengthen Business Continuity, Regulatory Compliance, and Resiliency
7.3 Government and Utilities
7.3.1 Growing Support for Payment Solutions in Government and Utilities to Drive Market
Table 30 Government and Utilities: Market, by Region, 2018-2022 (USD Million)
Table 31 Government and Utilities: Market, by Region, 2023-2028 (USD Million)
7.3.2 Use Case
7.3.2.1 Need to Look for New Ways to Engage Attendees and Increase Sales at Events
7.3.2.2 Baxter Credit Union Made Collection Process More Efficient and Accessible
7.4 Telecom
7.4.1 Growing Adoption of Digitalization and Increasing Use of Smartphones to Drive Market Growth
Table 32 Telecom: Market, by Region, 2018-2022 (USD Million)
Table 33 Telecom: Market, by Region, 2023-2028 (USD Million)
7.4.2 Use Case
7.4.2.1 Aci Payments Orchestration Platform Used to Increase Revenue Visibility and Reduce Leakage
7.4.2.2 Paypal Paired with Telecom Giants in Europe and Latin America
7.5 Healthcare
7.5.1 Growing Need to Streamline Operations and Improve Overall Organization Efficiency to Drive Market Growth
Table 34 Healthcare: Payment Processing Solutions Market, by Region, 2018-2022 (USD Million)
Table 35 Healthcare: Market, by Region, 2023-2028 (USD Million)
7.5.2 Use Case
7.5.2.1 Need to Help Practitioners be More Efficient, Better Collaborate with Peers, and Improve Patient Experience
7.5.2.2 Electronic Payments Enabled Dynamic Growth for Leading Healthcare Services Company
7.6 Real Estate
7.6.1 Growing Need to Make Transactions Safe and Secure Digitally to Lead to Significant Market Growth
Table 36 Real Estate: Market, by Region, 2018-2022 (USD Million)
Table 37 Real Estate: Market, by Region, 2023-2028 (USD Million)
7.6.2 Use Case
7.6.2.1 Developing Unified Api Solutions to Support Market
7.6.2.2 Need to Improve Payment Methods and Operational Efficiency to Drive Market Growth
7.7 Retail
7.7.1 Increasing Need to Provide Better Customer Experience and Reduce Transaction Time to Drive Market Growth
Table 38 Retail: Market, by Region, 2018-2022 (USD Million)
Table 39 Retail: Market, by Region, 2023-2028 (USD Million)
7.7.2 Use Case
7.7.2.1 Enhancing Customer Security with More Verification Systems
7.7.2.2 Enhancing Customer Experience with Better Payment Solutions
7.7.2.3 to Simplify Cross-Border Payments, Amazon Used Stripe
7.7.2.4 Decathlon Collaborated with Stripe to Support Payments for New Coaches and Sports Classes
7.8 Media and Entertainment
7.8.1 Increasing Penetration of Smartphones and Other Payment Devices to Drive Market Growth
Table 40 Media and Entertainment: Payment Processing Solutions Market, by Region, 2018-2022 (USD Million)
Table 41 Media and Entertainment: Market, by Region, 2023-2028 (USD Million)
7.8.2 Use Case
7.8.2.1 Need to Make It Easy for Customers to Offer Omnichannel Experience
7.8.2.2 Agua Bendita Expanded Internationally with Payment Processing Solutions from Stripe and Vtex
7.9 Travel and Hospitality
7.9.1 Increasing Need for Digital Payment Technologies in Travel and Hospitality Industry to Drive Market
Table 42 Travel and Hospitality: Market, by Region, 2018-2022 (USD Million)
Table 43 Travel and Hospitality: Market, by Region, 2023-2028 (USD Million)
7.9.2 Use Case
7.9.2.1 Ireland's Mount Errigal Hotel Switched to Worldpay to Make Seamless Payment Improvements
7.9.2.2 Aegean Airlines Used Aci Worldwide Fraud Prevention Solution to Increase Efficiency and Payment Management
7.10 Other Verticals
Table 44 Other Verticals: Market, by Region, 2018-2022 (USD Million)
Table 45 Other Verticals: Market, by Region, 2023-2028 (USD Million)

8 Payment Processing Solutions Market, by Region

8.1 Introduction
Figure 22 Market: Regional Snapshot
Figure 23 Market, by Region, 2023 Vs. 2028 (USD Million)
Table 46 Market, by Region, 2018-2022 (USD Million)
Table 47 Market, by Region, 2023-2028 (USD Million)
8.2 North America
8.2.1 North America: Market Drivers
8.2.2 North America: Recession Impact
Figure 24 North America: Payment Processing Solutions Market Snapshot
Table 48 North America: Market, by Payment Method, 2018-2022 (USD Million)
Table 49 North America: Market, by Payment Method, 2023-2028 (USD Million)
Table 50 North America: Market, by Vertical, 2018-2022 (USD Million)
Table 51 North America: Market, by Vertical, 2023-2028 (USD Million)
Table 52 North America: Market, by Country, 2018-2022 (USD Million)
Table 53 North America: Market, by Country, 2023-2028 (USD Million)
8.2.3 US
8.2.3.1 Presence of Key Payment Processing Solutions Players in Us to Drive Market Growth
Table 54 US: Payment Processing Solutions Market, by Payment Method, 2018-2022 (USD Million)
Table 55 US: Market, by Payment Method, 2023-2028 (USD Million)
Table 56 US: Market, by Vertical, 2018-2022 (USD Million)
Table 57 US: Market, by Vertical, 2023-2028 (USD Million)
8.2.4 Canada
8.2.4.1 Increasing Technological Advancements for Payment Solutions to Drive Market Growth
Table 58 Canada: Market, by Payment Method, 2018-2022 (USD Million)
Table 59 Canada: Market, by Payment Method, 2023-2028 (USD Million)
Table 60 Canada: Market, by Vertical, 2018-2022 (USD Million)
Table 61 Canada: Market, by Vertical, 2023-2028 (USD Million)
8.3 Europe
8.3.1 Europe: Market Drivers
8.3.2 Europe: Recession Impact
Table 62 Europe: Payment Processing Solutions Market, by Payment Method, 2018-2022 (USD Million)
Table 63 Europe: Market, by Payment Method, 2023-2028 (USD Million)
Table 64 Europe: Market, by Vertical, 2018-2022 (USD Million)
Table 65 Europe: Market, by Vertical, 2023-2028 (USD Million)
Table 66 Europe: Market, by Country, 2018-2022 (USD Million)
Table 67 Europe: Market, by Country, 2023-2028 (USD Million)
8.3.3 UK
8.3.3.1 Major Investments by Public and Private Sectors to Drive Market
Table 68 UK: Market, by Payment Method, 2018-2022 (USD Million)
Table 69 UK: Market, by Payment Method, 2023-2028 (USD Million)
Table 70 UK: Market, by Vertical, 2018-2022 (USD Million)
Table 71 UK: Market, by Vertical, 2023-2028 (USD Million)
8.3.4 Germany
8.3.4.1 Multiple Organizations Stepping Up in Payment Processing Industry to Drive Market Growth
Table 72 Germany: Payment Processing Solutions Market, by Payment Method, 2018-2022 (USD Million)
Table 73 Germany: Market, by Payment Method, 2023-2028 (USD Million)
Table 74 Germany: Market, by Vertical, 2018-2022 (USD Million)
Table 75 Germany: Market, by Vertical, 2023-2028 (USD Million)
8.3.5 France
8.3.5.1 Significant Investments by Government to Drive Market Growth
Table 76 France: Market, by Payment Method, 2018-2022 (USD Million)
Table 77 France: Market, by Payment Method, 2023-2028 (USD Million)
Table 78 France: Market, by Vertical, 2018-2022 (USD Million)
Table 79 France: Market, by Vertical, 2023-2028 (USD Million)
8.3.6 Italy
8.3.6.1 Major Opportunities for Payment Processing Solution Vendors in Italy to Drive Market Growth
Table 80 Italy: Payment Processing Solutions Market, by Payment Method, 2018-2022 (USD Million)
Table 81 Italy: Market, by Payment Method, 2023-2028 (USD Million)
Table 82 Italy: Market, by Vertical, 2018-2022 (USD Million)
Table 83 Italy: Market, by Vertical, 2023-2028 (USD Million)
8.3.7 Nordic Countries
Table 84 Nordic Countries: Market, by Payment Method, 2018-2022 (USD Million)
Table 85 Nordic Countries: Market, by Payment Method, 2023-2028 (USD Million)
Table 86 Nordic Countries: Market, by Vertical, 2018-2022 (USD Million)
Table 87 Nordic Countries: Market, by Vertical, 2023-2028 (USD Million)
8.3.8 Rest of Europe
8.4 Asia-Pacific
8.4.1 Asia-Pacific: Market Drivers
8.4.2 Asia-Pacific: Recession Impact
Figure 25 Asia-Pacific: Market Snapshot
Table 88 Asia-Pacific: Payment Processing Solutions Market, by Payment Method, 2018-2022 (USD Million)
Table 89 Asia-Pacific: Market, by Payment Method, 2023-2028 (USD Million)
Table 90 Asia-Pacific: Market, by Vertical, 2018-2022 (USD Million)
Table 91 Asia-Pacific: Market, by Vertical, 2023-2028 (USD Million)
Table 92 Asia-Pacific: Market, by Country, 2018-2022 (USD Million)
Table 93 Asia-Pacific: Market, by Country, 2023-2028 (USD Million)
8.4.3 China
8.4.3.1 Increasing Payment Transactions to Boost Market Growth in China
Table 94 China: Market, by Payment Method, 2018-2022 (USD Million)
Table 95 China: Market, by Payment Method, 2023-2028 (USD Million)
Table 96 China: Market, by Vertical, 2018-2022 (USD Million)
Table 97 China: Market, by Vertical, 2023-2028 (USD Million)
8.4.4 India
8.4.4.1 Digitalization Across Business Verticals to Drive Market in India
Table 98 India: Payment Processing Solutions Market, by Payment Method, 2018-2022 (USD Million)
Table 99 India: Market, by Payment Method, 2023-2028 (USD Million)
Table 100 India: Market, by Vertical, 2018-2022 (USD Million)
Table 101 India: Market, by Vertical, 2023-2028 (USD Million)
8.4.5 Japan
8.4.5.1 Better Customer Experience in Payment Processing to Drive Market Growth
Table 102 Japan: Market, by Payment Method, 2018-2022 (USD Million)
Table 103 Japan: Market, by Payment Method, 2023-2028 (USD Million)
Table 104 Japan: Market, by Vertical, 2018-2022 (USD Million)
Table 105 Japan: Market, by Vertical, 2023-2028 (USD Million)
8.4.6 Anz
8.4.6.1 Increasing Advancements in Payment Technologies to Drive Market Growth
Table 106 Anz: Payment Processing Solutions Market, by Payment Method, 2018-2022 (USD Million)
Table 107 Anz: Market, by Payment Method, 2023-2028 (USD Million)
Table 108 Anz: Market, by Vertical, 2018-2022 (USD Million)
Table 109 Anz: Market, by Vertical, 2023-2028 (USD Million)
8.4.7 Rest of Asia-Pacific
8.5 Middle East & Africa
8.5.1 Middle East & Africa: Market Drivers
8.5.2 Middle East & Africa: Recession Impact
Table 110 Middle East & Africa: Market, by Payment Method, 2018-2022 (USD Million)
Table 111 Middle East & Africa: Market, by Payment Method, 2023-2028 (USD Million)
Table 112 Middle East & Africa: Market, by Vertical, 2018-2022 (USD Million)
Table 113 Middle East & Africa: Market, by Vertical, 2023-2028 (USD Million)
Table 114 Middle East & Africa: Market, by Country, 2018-2022 (USD Million)
Table 115 Middle East & Africa: Market, by Country, 2023-2028 (USD Million)
8.5.3 UAE
8.5.3.1 Growing Need for Innovations to Drive Market in UAE
Table 116 UAE: Payment Processing Solutions Market, by Payment Method, 2018-2022 (USD Million)
Table 117 UAE: Market, by Payment Method, 2023-2028 (USD Million)
Table 118 UAE: Market, by Vertical, 2018-2022 (USD Million)
Table 119 UAE: Market, by Vertical, 2023-2028 (USD Million)
8.5.4 Ksa
8.5.4.1 Government Initiatives to Develop Advanced Logistics and Transportation Systems to Fuel Market Growth
Table 120 Ksa: Market, by Payment Method, 2018-2022 (USD Million)
Table 121 Ksa: Market, by Payment Method, 2023-2028 (USD Million)
Table 122 Ksa: Market, by Vertical, 2018-2022 (USD Million)
Table 123 Ksa: Market, by Vertical, 2023-2028 (USD Million)
8.5.5 South Africa
8.5.5.1 Need to Modernize Payment Methods Leading to Significant Market Growth
Table 124 South Africa: Payment Processing Solutions Market, by Payment Method, 2018-2022 (USD Million)
Table 125 South Africa: Market, by Payment Method, 2023-2028 (USD Million)
Table 126 South Africa: Market, by Vertical, 2018-2022 (USD Million)
Table 127 South Africa: Market, by Vertical, 2023-2028 (USD Million)
8.5.6 Rest of Middle East & Africa
8.6 Latin America
8.6.1 Latin America: Market Drivers
8.6.2 Latin America: Recession Impact
Table 128 Latin America: Market, by Payment Method, 2018-2022 (USD Million)
Table 129 Latin America: Market, by Payment Method, 2023-2028 (USD Million)
Table 130 Latin America: Market, by Vertical, 2018-2022 (USD Million)
Table 131 Latin America: Market, by Vertical, 2023-2028 (USD Million)
Table 132 Latin America: Market, by Country, 2018-2022 (USD Million)
Table 133 Latin America: Market, by Country, 2023-2028 (USD Million)
8.6.3 Brazil
8.6.3.1 Increasing Penetration of Mobiles and Other Payment Devices in Brazil to Drive Market Growth
Table 134 Brazil: Payment Processing Solutions Market, by Payment Method, 2018-2022 (USD Million)
Table 135 Brazil: Market, by Payment Method, 2023-2028 (USD Million)
Table 136 Brazil: Market, by Vertical, 2018-2022 (USD Million)
Table 137 Brazil: Market, by Vertical, 2023-2028 (USD Million)
8.6.4 Mexico
8.6.4.1 Growing Digital Innovations and Technological Advancements to Drive Market
Table 138 Mexico: Market, by Payment Method, 2018-2022 (USD Million)
Table 139 Mexico: Market, by Payment Method, 2023-2028 (USD Million)
Table 140 Mexico: Market, by Vertical, 2018-2022 (USD Million)
Table 141 Mexico: Market, by Vertical, 2023-2028 (USD Million)
8.6.5 Rest of Latin America

9 Competitive Landscape

9.1 Overview
9.2 Strategies Adopted by Key Players
Table 142 Overview of Strategies Deployed by Key Players in the Market
9.3 Competitive Scenario
9.4 Market Share Analysis
Table 143 Payment Processing Solutions Market: Degree of Competition
9.5 Historical Revenue Analysis
Figure 26 Historical Three-Year Revenue Analysis of Leading Players, 2020-2022 (USD Million)
9.6 Ranking of Key Players in the Market, 2023
Figure 27 Market Ranking of Key Players, 2023
9.7 Company Evaluation Quadrant Methodology
Figure 28 Company Evaluation Matrix: Criteria Weightage
9.7.1 Stars
9.7.2 Emerging Leaders
9.7.3 Pervasive Players
9.7.4 Participants
Figure 29 Market: Company Evaluation Matrix, 2023
9.8 Startup/Sme Evaluation Matrix Methodology and Definitions
Figure 30 Startup/Sme Evaluation Matrix: Criteria Weightage
9.8.1 Progressive Companies
9.8.2 Responsive Companies
9.8.3 Dynamic Companies
9.8.4 Starting Blocks
Figure 31 Payment Processing Solutions Market, Startup/Sme Evaluation Matrix
9.9 Competitive Benchmarking
Table 144 Product Footprint Weightage
Table 145 Company Footprint Analysis: Market
Table 146 Company Vertical Footprint: Market
Table 147 Company Region Footprint: Market
Table 148 Market: Detailed List of Key Startups/SMEs
Table 149 Market: Competitive Benchmarking of Key Startups/SMEs, by Vertical
Table 150 Market: Competitive Benchmarking of Key Startups/SMEs, by Region
9.10 Competitive Scenario
9.10.1 Product Launches
Table 151 Market: Product Launches, 2017-2023
9.10.2 Deals
Table 152 Payment Processing Solutions Market: Deals, 2017-2023
9.11 Valuation and Financial Metrics of Key Payment Processing Solutions Vendors
Figure 32 Valuation and Financial Metrics of Payment Processing Solutions Vendors

10 Company Profiles

(Business Overview, Products/Solutions/Services Offered, Recent Developments & Analyst's View)*
10.1 Major Players
10.1.1 Paypal
Table 153 Paypal: Business Overview
Figure 33 Paypal: Company Snapshot
Table 154 Paypal: Solutions Offered
Table 155 Paypal: Product Launches/Enhancements
Table 156 Paypal: Deals
10.1.2 Fiserv
Table 157 Fiserv: Business Overview
Figure 34 Fiserv: Company Snapshot
Table 158 Fiserv: Products/Solutions/Services Offered
Table 159 Fiserv: Product Launches/Enhancements
Table 160 Fiserv: Deals
10.1.3 Fis
Table 161 Fis: Business Overview
Figure 35 Fis: Company Snapshot
Table 162 Fis: Products/Solutions/Services Offered
Table 163 Fis: Product Launches/Enhancements
Table 164 Fis: Deals
10.1.4 Global Payments
Table 165 Global Payments: Business Overview
Figure 36 Global Payments: Company Snapshot
Table 166 Global Payments: Solutions Offered
Table 167 Global Payments: Product Launches/Enhancements
Table 168 Global Payments: Deals
10.1.5 Aci Worldwide
Table 169 Aci Worldwide: Business Overview
Figure 37 Aci Worldwide: Company Snapshot
Table 170 Aci Worldwide: Solutions Offered
Table 171 Aci Worldwide: Product Launches/Enhancements
Table 172 Aci Worldwide: Deals
10.1.6 Square
Table 173 Square: Business Overview
Figure 38 Square: Company Snapshot
Table 174 Square: Products/Solutions/Services Offered
Table 175 Square: Product Launches/Enhancements
Table 176 Square: Deals
10.1.7 Mastercard
Table 177 Mastercard: Business Overview
Figure 39 Mastercard: Company Snapshot
Table 178 Mastercard: Products/Solutions/Services Offered
Table 179 Mastercard: Product Launches/Enhancements
Table 180 Mastercard: Deals
10.1.8 Visa
Table 181 Visa: Business Overview
Figure 40 Visa: Company Snapshot
Table 182 Visa: Products/Solutions/Services Offered
Table 183 Visa: Product Launches/Enhancements
Table 184 Visa: Deals
10.1.9 Adyen
Table 185 Adyen: Business Overview
Figure 41 Adyen: Company Snapshot
Table 186 Adyen: Products/Solutions/Services Offered
Table 187 Adyen: Product Launches/Enhancements
Table 188 Adyen: Deals
10.1.10 Stripe
Table 189 Stripe: Business Overview
Table 190 Stripe: Products/Solutions/Services Offered
Table 191 Stripe: Product Launches/Enhancements
Table 192 Stripe: Deals
10.1.11 Payu
Table 193 Payu: Business Overview
Table 194 Payu: Products/Solutions/Services Offered
Table 195 Payu: Product Launches/Enhancements
Table 196 Payu: Deals
10.1.12 Jack Henry & Associates
10.1.13 Paysafe
10.1.14 Phonepe
10.1.15 Razorpay
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments & Analyst's View Might Not be Captured in the Case of Unlisted Companies.
10.2 Other Players/Startups
10.2.1 Secure Payment Systems
10.2.2 Worldline
10.2.3 Spreedly
10.2.4 Fattmerchant
10.2.5 North American Bancard
10.2.6 Dwolla
10.2.7 CCBill
10.2.8 Authorize.Net
10.2.9 Alipay
10.2.10 Payprotec
10.2.11 Signapay
10.2.12 Kliknpay
10.2.13 Finix Payments
10.2.14 Due
10.2.15 Pineapple Payments
10.2.16 Modulr
10.2.17 Muchbetter
10.2.18 Paykickstart
10.2.19 Aeropay
10.2.20 Sila

11 Adjacent/Related Markets

11.1 Introduction to Adjacent Markets
Table 197 Adjacent Markets and Forecasts
11.2 Limitations
11.3 Digital Payment Market
Table 198 Digital Payment Market in Bfsi, by Region, 2016-2020 (USD Million)
Table 199 Digital Payment Market in Bfsi, by Region, 2021-2026 (USD Million)
Table 200 Digital Payment Market in Retail and E-commerce, by Region, 2016-2020 (USD Million)
Table 201 Digital Payment Market in Retail and E-commerce, by Region, 2021-2026 (USD Million)
Table 202 Digital Payment Market in Healthcare, by Region, 2016-2020 (USD Million)
Table 203 Digital Payment Market in Healthcare, by Region, 2021-2026 (USD Million)
Table 204 Digital Payment Market in Travel and Hospitality, by Region, 2016-2020 (USD Million)
Table 205 Digital Payment Market in Travel and Hospitality, by Region, 2021-2026 (USD Million)
Table 206 Digital Payment Market in Transportation and Logistics, by Region, 2016-2020 (USD Million)
Table 207 Digital Payment Market in Transportation and Logistics, by Region, 2021-2026 (USD Million)
Table 208 Digital Payment Market in Media and Entertainment, by Region, 2016-2020 (USD Million)
Table 209 Digital Payment Market in Media and Entertainment, by Region, 2021-2026 (USD Million)
Table 210 Digital Payment Market in Other Verticals, by Region, 2016-2020 (USD Million)
Table 211 Digital Payment Market in Other Verticals, by Region, 2021-2026 (USD Million)
11.4 Fintech as a Service Market
Table 212 Fintech as a Service Market, by Type, 2017-2022 (USD Million)
Table 213 Fintech as a Service Market, by Type, 2023-2028 (USD Million)
Table 214 Fintech as a Service Market, by Technology, 2017-2022 (USD Million)
Table 215 Fintech as a Service Market, by Technology, 2023-2028 (USD Million)
Table 216 Fintech as a Service Market, by Application, 2017-2022 (USD Million)
Table 217 Fintech as a Service Market, by Application, 2023-2028 (USD Million)
Table 218 Fintech as a Service Market, by End-user, 2017-2022 (USD Million)
Table 219 Fintech as a Service Market, by End-user, 2023-2028 (USD Million)
Table 220 Fintech as a Service Market, by Region, 2017-2022 (USD Million)
Table 221 Fintech as a Service Market, by Region, 2023-2028 (USD Million)

12 Appendix

12.1 Discussion Guide
12.2 Knowledgestore: The Subscription Portal
12.3 Customization Options

Companies Mentioned

ACI Worldwide
Adyen
AeroPay
Alipay
Authorize.Net
CCBill
Due
Dwolla
Fattmerchant
Finix Payments
FIS
Fiserv
Global Payments
Jack Henry & Associates
KlikNPay
Mastercard
Modulr
MuchBetter
North American Bancard
PayKickstart
PayPal
PayProtec
Paysafe
PayU
PhonePe
Pineapple Payments
Razorpay
Secure Payment Systems
SignaPay
Sila
Spreedly
Square
Stripe
Visa
Worldline

Methodology

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Table Information

Report Attribute	Details
No. of Pages	257
Published	July 2023
Forecast Period	2023 - 2028
Estimated Market Value ( USD ) in 2023	$ 103.2 Billion
Forecasted Market Value ( USD ) by 2028	$ 160 Billion
Compound Annual Growth Rate	9.2%
Regions Covered	Global
No. of Companies Mentioned	35

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Payment Processing Solutions Market by Payment Method (Debit Card, Credit Card, ACH, eWallet), Vertical (BFSI, Retail, Healthcare, Telecom, Travel & Hospitality, Real Estate), and Region (North America, Europe, APAC, RoW) - Global Forecast to 2028

Based on vertical, the retail segment is expected to register the fastest growth rate during the forecast period.

Asia Pacific to register the highest growth rate during the forecast period.

Breakdown of primaries

Research Coverage

Key Benefits of Buying the Report

The report provides insights on the following pointers:

Table of Contents

Companies Mentioned

Methodology

Table Information

Based on vertical, the retail segment is expected to register the fastest growth rate during the forecast period.

Asia Pacific to register the highest growth rate during the forecast period.

Breakdown of primaries

Research Coverage

Key Benefits of Buying the Report

The report provides insights on the following pointers:

Table of Contents

Companies Mentioned

Methodology

Table Information

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