Payment Processing Solutions Market

Payment Processing Solutions Market Size, Trends & Analysis - Forecasts to 2026 By Type of Payment Method (Debit Card, Credit Card, eWallet, ACH, and Others), By Type of Solution (Software and Hardware), By Type of Deployment Mode (Cloud and On-Premises), By Vertical (BFSI, Government & Utilities, Telecom & IT, Healthcare, Real Estate, Retail & eCommerce, Media & Entertainment, Travel & Hospitality, and Others) By Region (North America, Europe, Asia Pacific, Middle East, and Africa, and Central and South America); End-User Landscape, Vendor Landscape, Company Market Share Analysis & Competitor Analysis

Category Electronics, Semiconductors and Information & Communication Technology

Format

This report was recently updated on November 17 2024 with the latest and most recent market numbers

Payment Processing Solutions Market Insight

The payment processing solutions market is estimated to observe a vital growth of CAGR of 10.8% during the outlook period (2020-2026). Amidst the COVID pandemic, contactless transactions and digital purchasing of goods have exponentially risen which as fuelled the market tremendously. Applications on smartphones are providing various billing selections to consumers with the aid of card-reader additions and services. Such applications have led customers to make easier and faster billing transactions. Increase in digitization, production of electronic goods in regions like APAC, NA, and others, easy accessibility of internet, enduring of digital banking, and financial solutions act as the drivers to the market.

Payment Processing Solutions Market: By Type of Payment Methods

Based on the type of payment methods, The market is bifurcated into Debit Card, Credit Card, eWallet, ACH, and Others, wherein eWallet is forecasted to grow the highest in terms of CAGR in the forecast period of 2020-2026. Currently, the credit card is seen as the highest revenue maker in the industry. But, eWallet will be seen to make vital growth among the following segments. An increase in digital transactions and e-commerce purchases are bound to fuel the acceleration of the market.

Payment Processing Solutions Market: By Type of Deployment Methods

Based on the Deployment Methods, it is segmented as Cloud and On-Premises. The sector which is estimated to grow in the forecast generating higher CAGR is cloud technology. As there is an increase in the availability of the internet and internet-connected electronic devices usage, there is an upsurge on payment processing services and solutions. Profits such as cost curbing and effectiveness, ease in deployment, safety, and a sole administration facility are advanced in cloud technology.

Payment Processing Solutions Market: By Vertical

Classification based on vertical can be done by BFSI, government & utilities, telecom & IT, healthcare, real estate, retail & e-commerce, media & entertainment, travel & hospitality, and others. The sector of travel & hospitality is seeing constant growth due to the massive drawing of revenue in tourism by APAC countries like China and India. but, retail & e-commerce is about to see the highest rise in CAGR according to the global forecast, due to the increase in the production and manufacturing of mobile and personalized devices in APAC, regular advertisings made by the government towards the regulation of digital payments risen immensely after the COVID-19 Pandemic as it is quick and safe as well it is worthy of trust.

Payment Processing Solutions Market: By Region

Based on the region, the market is segmented into North America, Asia-Pacific, Europe, the Middle East and Africa, and Central & South America. North America is estimated to have the highest rise in the CAGR for the next forecast, as many government policies issued in the USA and Canada have promoted the acceptance of the Payment Processing Solutions Market. But APAC is predicted to see a significant rise in the market in terms of region as an escalation in the scope of digitization as well as the retail industry in countries like China, India, and Singapore act as a propellor to the industry.

Payment Processing Solutions Market Share and Competitor Analysis

The key players in the payment processing solutions market are PayPal Holdings Inc., Fiserv Inc., Global Payments Inc., FIS Inc., Square Inc., Stripe, MasterCard Incorporated, Visa Inc., Dwolla Corporation, ACI Worldwide Inc., Adyen, Paysafe Group Ltd., Jack Henry & Associates Inc., Wirecard AG, PayU and other companies.

Please note: This is not an exhaustive list of companies profiled in the report.

In July 2019, FIS procured Worldpay, to become a global head in solutions and technology for banks, retailers, and money markets. Worldpay is one of the world’s leading global payment and eCommerce technology corporations.

In December 2019, Citi Bank and PayPal extended their partnership to facilitate the bank’s institutional customers to secure payments into consumers’ PayPal eWallets.

Check the Press Release on Payment Processing Solutions Market Report

Payment Processing Solutions Market: By Type of Solution

Introduction
1. Payment Processing Solutions Market, By Type of Solution, 2019-2026 (USD Million)
Hardware
1. Hardware: Payment Processing Solutions Market, 2019-2026 (USD Million)
Software
1. Software: Payment Processing Solutions Market, 2019-2026 (USD Million)

Payment Processing Solutions Market: By Type of Deployment Mode

Introduction
1. Payment Processing Solutions Market, By Type of Deployment Mode, 2019-2026 (USD Million)
Cloud
1. Cloud: Payment Processing Solutions Market, 2019-2026 (USD Million)
On-Premises
1. On-Premises: Payment Processing Solutions Market, 2019-2026 (USD Million)

Payment Processing Solutions Market: By Type of Payment Method

Introduction
1. Payment Processing Solutions Market, By Type of Payment Method, 2019-2026 (USD Million)
Debit Card
1. Debit Card: Payment Processing Solutions Market, 2019-2026 (USD Million)
Credit Card
1. Credit Card: Payment Processing Solutions Market, 2019-2026 (USD Million)
eWallet
1. eWallet: Payment Processing Solutions Market, 2019-2026 (USD Million)
ACH
1. ACH: Payment Processing Solutions Market, 2019-2026 (USD Million)
Others
1. Others: Payment Processing Solutions Market, 2019-2026 (USD Million)

Payment Processing Solutions Market: By Vertical

Introduction
1. Payment Processing Solutions Market, By Vertical, 2019-2026 (USD Million)
Government & Utilities
1. Government & Utilities: Payment Processing Solutions Market, 2019-2026 (USD Million)
Telecom & IT
1. Telecom & IT: Payment Processing Solutions Market, 2019-2026 (USD Million)
BFSI
1. BFSI: Payment Processing Solutions Market, 2019-2026 (USD Million)
Healthcare
1. Healthcare: Payment Processing Solutions Market, 2019-2026 (USD Million)
Retail & eCommerce
1. Retail & eCommerce: Payment Processing Solutions Market, 2019-2026 (USD Million)
Media & Entertainment
1. Media & Entertainment,: Payment Processing Solutions Market, 2019-2026 (USD Million)
Travel & Hospitality
1. Travel & Hospitality: Payment Processing Solutions Market, 2019-2026 (USD Million)
Real Estate
1. Real Estate: Payment Processing Solutions Market, 2019-2026 (USD Million)
Others
1. Others: Payment Processing Solutions Market, 2019-2026 (USD Million)

Payment Processing Solutions Market: By Region

Introduction
1. Global Payment Processing Solutions Market, Regional Analysis, 2019-2026 (USD Million)
North America
1. North America Payment Processing Solutions Market, Regional Analysis, 2019-2026 (USD Million)
  1. By Type of Solution
    1. North America Payment Processing Solutions Market, By Type of Solution, 2019-2026 (USD Million)
  2. By Type of Deployment Mode
    1. North America Payment Processing Solutions Market, By Type of Deployment Mode, 2019-2026 (USD Million)
  3. By Type of Payment Method
    1. North America Payment Processing Solutions Market, By Type of Payment Method, 2019-2026 (USD Million)
  4. By Vertical
    1. North America Payment Processing Solutions Market, By Vertical, 2019-2026 (USD Million)
  5. By Country
    1. U.S
      1. By Type of Solution
        
        U.S Payment Processing Solutions Market, By Type of Solution, 2019-2026 (USD Million)
      2. By Type of Deployment Mode
        
        U.S Payment Processing Solutions Market, By Type of Deployment Mode, 2019-2026 (USD Million)
      3. By Type of Payment Method
        
        U.S Payment Processing Solutions Market, By Type of Payment Method, 2019-2026 (USD Million)
      4. By Vertical
        
        U.S Payment Processing Solutions Market, By Vertical, 2019-2026 (USD Million)
    2. Canada.
      1. By Type of Solution
        
        Canada Payment Processing Solutions Market, By Type of Solution, 2019-2026 (USD Million)
      2. By Type of Deployment Mode
        
        Canada Payment Processing Solutions Market, By Type of Deployment Mode, 2019-2026 (USD Million)
      3. By Type of Payment Method
        
        Canada Payment Processing Solutions Market, By Type of Payment Method, 2019-2026 (USD Million)
      4. By Vertical
        
        Canada Payment Processing Solutions Market, By Vertical, 2019-2026 (USD Million)
    3. Mexico
      1. By Type of Solution
        
        Mexico Payment Processing Solutions Market, By Type of Solution, 2019-2026 (USD Million)
      2. By Type of Deployment Mode
        
        Mexico Payment Processing Solutions Market, By Type of Deployment Mode, 2019-2026 (USD Million)
      3. By Type of Payment Method
        
        Mexico Payment Processing Solutions Market, By Type of Payment Method, 2019-2026 (USD Million)
      4. By Vertical
        
        Mexico Payment Processing Solutions Market, By Vertical, 2019-2026 (USD Million)
Europe
1. Europe Payment Processing Solutions Market, Regional Analysis, 2019-2026 (USD Million)
  1. By Type of Solution
    1. Europe Payment Processing Solutions Market, By Type of Solution, 2019-2026 (USD Million)
  2. By Type of Deployment Mode
    1. Europe Payment Processing Solutions Market, By Type of Deployment Mode, 2019-2026 (USD Million)
  3. By Type of Payment Method
    1. Europe Payment Processing Solutions Market, By Type of Payment Method, 2019-2026 (USD Million)
  4. By Vertical
    1. Europe Payment Processing Solutions Market, By Vertical, 2019-2026 (USD Million)
  5. By Country
    1. Germany
      1. By Type of Solution
        
        Germany Payment Processing Solutions Market, By Type of Solution, 2019-2026 (USD Million)
      2. By Type of Deployment Mode
        
        Germany Payment Processing Solutions Market, By Type of Deployment Mode, 2019-2026 (USD Million)
      3. By Type of Payment Method
        
        Germany Payment Processing Solutions Market, By Type of Payment Method, 2019-2026 (USD Million)
      4. By Vertical
        
        Germany Payment Processing Solutions Market, By Vertical, 2019-2026 (USD Million)
    2. UK
      1. By Type of Solution
        
        UK Payment Processing Solutions Market, By Type of Solution, 2019-2026 (USD Million)
      2. By Type of Deployment Mode
        
        UK Payment Processing Solutions Market, By Type of Deployment Mode, 2019-2026 (USD Million)
      3. By Type of Payment Method
        
        UK Payment Processing Solutions Market, By Type of Payment Method, 2019-2026 (USD Million)
      4. By Vertical
        
        UK Payment Processing Solutions Market, By Vertical, 2019-2026 (USD Million)
    3. France
      1. By Type of Solution
        
        France Payment Processing Solutions Market, By Type of Solution, 2019-2026 (USD Million)
      2. By Type of Deployment Mode
        
        France Payment Processing Solutions Market, By Type of Deployment Mode, 2019-2026 (USD Million)
      3. By Type of Payment Method
        
        France Payment Processing Solutions Market, By Type of Payment Method, 2019-2026 (USD Million)
      4. By Vertical
        
        France Payment Processing Solutions Market, By Vertical, 2019-2026 (USD Million)
    4. Italy
      1. By Type of Solution
        
        Italy Payment Processing Solutions Market, By Type of Solution, 2019-2026 (USD Million)
      2. By Type of Deployment Mode
        
        Italy Payment Processing Solutions Market, By Type of Deployment Mode, 2019-2026 (USD Million)
      3. By Type of Payment Method
        
        Italy Payment Processing Solutions Market, By Type of Payment Method, 2019-2026 (USD Million)
      4. By Vertical
        
        Italy Payment Processing Solutions Market, By Vertical, 2019-2026 (USD Million)
    5. Rest Of Europe
      1. By Type of Solution
        
        Rest Of Europe Payment Processing Solutions Market, By Type of Solution, 2019-2026 (USD Million)
      2. By Type of Deployment Mode
        
        Rest Of Europe Payment Processing Solutions Market, By Type of Deployment Mode, 2019-2026 (USD Million)
      3. By Type of Payment Method
        
        Rest Of Europe Payment Processing Solutions Market, By Type of Payment Method, 2019-2026 (USD Million)
      4. By Vertical
        
        Rest Of Europe Payment Processing Solutions Market, By Vertical, 2019-2026 (USD Million)
Asia Pacific
1. Asia Pacific Payment Processing Solutions Market, Regional Analysis, 2019-2026 (USD Million)
  1. By Type of Solution
    1. Asia Pacific Payment Processing Solutions Market, By Type of Solution, 2019-2026 (USD Million)
  2. By Type of Deployment Mode
    1. Asia Pacific Payment Processing Solutions Market, By Type of Deployment Mode, 2019-2026 (USD Million)
  3. By Type of Payment Method
    1. Asia Pacific Payment Processing Solutions Market, By Type of Payment Method, 2019-2026 (USD Million)
  4. By Vertical
    1. Asia Pacific Payment Processing Solutions Market, By Vertical, 2019-2026 (USD Million)
  5. By Country
    1. China
      1. By Type of Solution
        
        China Payment Processing Solutions Market, By Type of Solution, 2019-2026 (USD Million)
      2. By Type of Deployment Mode
        
        China Payment Processing Solutions Market, By Type of Deployment Mode, 2019-2026 (USD Million)
      3. By Type of Payment Method
        
        China Payment Processing Solutions Market, By Type of Payment Method, 2019-2026 (USD Million)
      4. By Vertical
        
        China Payment Processing Solutions Market, By Vertical, 2019-2026 (USD Million)
    2. Japan
      1. By Type of Solution
        
        Japan Payment Processing Solutions Market, By Type of Solution, 2019-2026 (USD Million)
      2. By Type of Deployment Mode
        
        Japan Payment Processing Solutions Market, By Type of Deployment Mode, 2019-2026 (USD Million)
      3. By Type of Payment Method
        
        Japan Payment Processing Solutions Market, By Type of Payment Method, 2019-2026 (USD Million)
      4. By Vertical
        
        Japan Payment Processing Solutions Market, By Vertical, 2019-2026 (USD Million)
    3. India
      1. By Type of Solution
        
        India Payment Processing Solutions Market, By Type of Solution, 2019-2026 (USD Million)
      2. By Type of Deployment Mode
        
        India Payment Processing Solutions Market, By Type of Deployment Mode, 2019-2026 (USD Million)
      3. By Type of Payment Method
        
        India Payment Processing Solutions Market, By Type of Payment Method, 2019-2026 (USD Million)
      4. By Vertical
        
        India Payment Processing Solutions Market, By Vertical, 2019-2026 (USD Million)
    4. South Korea
      1. By Type of Solution
        
        South Korea Payment Processing Solutions Market, By Type of Solution, 2019-2026 (USD Million)
      2. By Type of Deployment Mode
        
        South Korea Payment Processing Solutions Market, By Type of Deployment Mode, 2019-2026 (USD Million)
      3. By Type of Payment Method
        
        South Korea Payment Processing Solutions Market, By Type of Payment Method, 2019-2026 (USD Million)
      4. By Vertical
        
        South Korea Payment Processing Solutions Market, By Vertical, 2019-2026 (USD Million)
Central & South America
1. Central & South America Payment Processing Solutions Market, Regional Analysis, 2019-2026 (USD Million)
  1. By Type of Solution
    1. Central & South America Payment Processing Solutions Market, By Type of Solution, 2019-2026 (USD Million)
  2. By Type of Deployment Mode
    1. Central & South America Payment Processing Solutions Market, By Type of Deployment Mode, 2019-2026 (USD Million)
  3. By Type of Payment Method
    1. Central & South America Payment Processing Solutions Market, By Type of Payment Method, 2019-2026 (USD Million)
  4. By Vertical
    1. Central & South America Payment Processing Solutions Market, By Vertical, 2019-2026 (USD Million)
  5. By Country
    1. Brazil
      1. By Type of Solution
        
        Brazil Payment Processing Solutions Market, By Type of Solution, 2019-2026 (USD Million)
      2. By Type of Deployment Mode
        
        Brazil Payment Processing Solutions Market, By Type of Deployment Mode, 2019-2026 (USD Million)
      3. By Type of Payment Method
        
        Brazil Payment Processing Solutions Market, By Type of Payment Method, 2019-2026 (USD Million)
      4. By Vertical
        
        Brazil Payment Processing Solutions Market, By Vertical, 2019-2026 (USD Million)
Middle East & Africa
1. Middle East & Africa Payment Processing Solutions Market, Regional Analysis, 2019-2026 (USD Million)
  1. By Type of Solution
    1. Middle East & Africa Payment Processing Solutions Market, By Type of Solution, 2019-2026 (USD Million)
  2. By Type of Deployment Mode
    1. Middle East & Africa Payment Processing Solutions Market, By Type of Deployment Mode, 2019-2026 (USD Million)
  3. By Type of Payment Method
    1. Middle East & Africa Payment Processing Solutions Market, By Type of Payment Method, 2019-2026 (USD Million)
  4. By Vertical
    1. Middle East & Africa Payment Processing Solutions Market, By Vertical, 2019-2026 (USD Million)
  5. By Country
    1. Saudi Arabia
      1. By Type of Solution
        
        Saudi Arabia Payment Processing Solutions Market, By Type of Solution, 2019-2026 (USD Million)
      2. By Type of Deployment Mode
        
        Saudi Arabia Payment Processing Solutions Market, By Type of Deployment Mode, 2019-2026 (USD Million)
      3. By Type of Payment Method
        
        Saudi Arabia Payment Processing Solutions Market, By Type of Payment Method, 2019-2026 (USD Million)
      4. By Vertical
        
        Saudi Arabia Payment Processing Solutions Market, By Vertical, 2019-2026 (USD Million)
    2. UAE
      1. By Type of Solution
        
        UAE Payment Processing Solutions Market, By Type of Solution, 2019-2026 (USD Million)
      2. By Type of Deployment Mode
        
        UAE Payment Processing Solutions Market, By Type of Deployment Mode, 2019-2026 (USD Million)
      3. By Type of Payment Method
        
        UAE Payment Processing Solutions Market, By Type of Payment Method, 2019-2026 (USD Million)
      4. By Vertical
        
        UAE Payment Processing Solutions Market, By Vertical, 2019-2026 (USD Million)

The global Payment Processing Solutions Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Payment Processing Solutions Market.

Payment Processing Solutions Market

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Payment Processing Solutions Market

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.

Payment Processing Solutions Market