The Latin America, Middle East and Africa 3D Secure Payment Authentication Market should witness market growth of 12.5% CAGR during the forecast period (2022-2028).
The most recent version of the authentication protocol, 3D Secure 2.0, is used to reduce the risk and expense of fraud for merchants across Europe and the rest of the world. It sits alongside other fraud prevention measures like card verification value (CVV code) and addresses verification (AVS) checks.
The adoption of 3D secure payment standards is presented as the simplest method of security compliance by recent advancements in payments, such as the introduction of strong customer authentication (SCA) regulatory technological requirements.
The improved version of 3D Secure 1 is 3D Secure 2. The introduction of more seamless authentication and the improvement of the user experience between devices mark the primary differences between 3DS2 and its predecessor.
The potential of cashless transactions in Africa has sparked a rush to transform the digital payment environment in the region. However, the prevailing belief is that the market is still highly fragmented despite years of significant expenditures and the presence of major firms striving to shape its infrastructure. The processing of digital payments throughout the region is complicated by the variety of payment methods in various nations - banks, mobile money wallets, and cards - and the challenge of managing online transactions in several local currencies.
The Brazil market dominated the LAMEA 3D Secure Payment Authentication Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $35.3 million by 2028. The Argentina market is experiencing a CAGR of 13.1% during (2022-2028). Additionally, The UAE market would display a CAGR of 12.2% during (2022-2028).
Based on Application, the market is segmented into Banks and Merchants & Payment Gateway. Based on Component, the market is segmented into Merchant Plug-in, Access Control Server, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Mastercard, Inc., Broadcom, Inc. (CA Technologies, Inc.), American Express Company, Visa, Inc., Bluefin Payment Systems LLC, Decta Limited, GPayments Pty Ltd. (Neurocom Group), Modirum, JCB Co., Ltd., and RSA Security LLC (Symphony Technology Group)
The most recent version of the authentication protocol, 3D Secure 2.0, is used to reduce the risk and expense of fraud for merchants across Europe and the rest of the world. It sits alongside other fraud prevention measures like card verification value (CVV code) and addresses verification (AVS) checks.
The adoption of 3D secure payment standards is presented as the simplest method of security compliance by recent advancements in payments, such as the introduction of strong customer authentication (SCA) regulatory technological requirements.
The improved version of 3D Secure 1 is 3D Secure 2. The introduction of more seamless authentication and the improvement of the user experience between devices mark the primary differences between 3DS2 and its predecessor.
The potential of cashless transactions in Africa has sparked a rush to transform the digital payment environment in the region. However, the prevailing belief is that the market is still highly fragmented despite years of significant expenditures and the presence of major firms striving to shape its infrastructure. The processing of digital payments throughout the region is complicated by the variety of payment methods in various nations - banks, mobile money wallets, and cards - and the challenge of managing online transactions in several local currencies.
The Brazil market dominated the LAMEA 3D Secure Payment Authentication Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $35.3 million by 2028. The Argentina market is experiencing a CAGR of 13.1% during (2022-2028). Additionally, The UAE market would display a CAGR of 12.2% during (2022-2028).
Based on Application, the market is segmented into Banks and Merchants & Payment Gateway. Based on Component, the market is segmented into Merchant Plug-in, Access Control Server, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Mastercard, Inc., Broadcom, Inc. (CA Technologies, Inc.), American Express Company, Visa, Inc., Bluefin Payment Systems LLC, Decta Limited, GPayments Pty Ltd. (Neurocom Group), Modirum, JCB Co., Ltd., and RSA Security LLC (Symphony Technology Group)
Scope of the Study
By Application
- Banks
- Merchants & Payment Gateway
By Component
- Merchant Plug-in
- Access Control Server
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Mastercard, Inc.
- Broadcom, Inc. (CA Technologies, Inc.)
- American Express Company
- Visa, Inc.
- Bluefin Payment Systems LLC
- Decta Limited
- GPayments Pty Ltd. (Neurocom Group)
- Modirum
- JCB Co., Ltd.
- RSA Security LLC (Symphony Technology Group)
Unique Offerings
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA 3D Secure Payment Authentication Market, by Application
1.4.2 LAMEA 3D Secure Payment Authentication Market, by Component
1.4.3 LAMEA 3D Secure Payment Authentication Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in 3D Secure Payment Authentication Market
Chapter 4. LAMEA 3D Secure Payment Authentication Market by Application
4.1 LAMEA Banks Market by Country
4.2 LAMEA Merchants & Payment Gateway Market by Country
Chapter 5. LAMEA 3D Secure Payment Authentication Market by Component
5.1 LAMEA Merchant Plug-in Market by Country
5.2 LAMEA Access Control Server Market by Country
5.3 LAMEA Others Market by Country
Chapter 6. LAMEA 3D Secure Payment Authentication Market by Country
6.1 Brazil 3D Secure Payment Authentication Market
6.1.1 Brazil 3D Secure Payment Authentication Market by Application
6.1.2 Brazil 3D Secure Payment Authentication Market by Component
6.2 Argentina 3D Secure Payment Authentication Market
6.2.1 Argentina 3D Secure Payment Authentication Market by Application
6.2.2 Argentina 3D Secure Payment Authentication Market by Component
6.3 UAE 3D Secure Payment Authentication Market
6.3.1 UAE 3D Secure Payment Authentication Market by Application
6.3.2 UAE 3D Secure Payment Authentication Market by Component
6.4 Saudi Arabia 3D Secure Payment Authentication Market
6.4.1 Saudi Arabia 3D Secure Payment Authentication Market by Application
6.4.2 Saudi Arabia 3D Secure Payment Authentication Market by Component
6.5 South Africa 3D Secure Payment Authentication Market
6.5.1 South Africa 3D Secure Payment Authentication Market by Application
6.5.2 South Africa 3D Secure Payment Authentication Market by Component
6.6 Nigeria 3D Secure Payment Authentication Market
6.6.1 Nigeria 3D Secure Payment Authentication Market by Application
6.6.2 Nigeria 3D Secure Payment Authentication Market by Component
6.7 Rest of LAMEA 3D Secure Payment Authentication Market
6.7.1 Rest of LAMEA 3D Secure Payment Authentication Market by Application
6.7.2 Rest of LAMEA 3D Secure Payment Authentication Market by Component
Chapter 7. Company Profiles
7.1 Mastercard, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Recent strategies and developments:
7.1.4.1 Partnerships, Collaborations, and Agreements:
7.1.4.2 Acquisition and Mergers:
7.2 Broadcom, Inc. (CA Technologies, Inc.)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 SWOT Analysis
7.3 American Express Company
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Recent strategies and developments:
7.3.4.1 Product Launches and Product Expansions:
7.4 Visa, Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Recent strategies and developments:
7.4.3.1 Partnerships, Collaborations, and Agreements:
7.5 Bluefin Payment Systems LLC
7.5.1 Company Overview
7.5.2 Recent strategies and developments:
7.5.2.1 Partnerships, Collaborations, and Agreements:
7.5.2.2 Acquisition and Mergers:
7.6 Decta Limited
7.6.1 Company Overview
7.6.2 Recent strategies and developments:
7.6.2.1 Partnerships, Collaborations, and Agreements:
7.7 GPayments Pty Ltd. (Neurocom Group)
7.7.1 Company Overview
7.8 Modirum
7.8.1 Company Overview
7.9 JCB Co., Ltd.
7.9.1 Company Overview
7.10. RSA Security LLC (Symphony Technology Group)
7.10.1 Company Overview
Companies Mentioned
- Mastercard, Inc.
- Broadcom, Inc. (CA Technologies, Inc.)
- American Express Company
- Visa, Inc.
- Bluefin Payment Systems LLC
- Decta Limited
- GPayments Pty Ltd. (Neurocom Group)
- Modirum
- JCB Co., Ltd.
- RSA Security LLC (Symphony Technology Group)
Methodology
LOADING...
