Payment processing solutions is the combined technological offerings that work in collaboration with the merchant and customer to process the financial transactions with the generation of a payment gateway which operates on a set of parameters pre-defined by the merchant. These solutions act as a middle man between the merchant and consumer account providing efficient flow of financial transactions. These solutions are a combination of all the processes that work together to provide better transactional flow.
The "Global Payment Processing Solutions Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the payment processing solutions market with detailed market segmentation by offering, payment method, industry vertical and geography. The report provides key statistics on the market status of the leading payment processing solutions market players and offers key trends and opportunities in the market.
- Based on offering, the global payment processing solutions market is segmented into solution, services.
- On the basis of payment method, the market is segmented into card payments, digital wallet, others
- Based on industry vertical, the market is bifurcated into retail, government and utilities, telecommunication, hospitality and entertainment, others
- Increasing eCommerce sales along with growing internet penetration.
- Embracing contactless payments globally
- Rising use of mCommerce in the transportation industry
- Absence of a global standard for cross-border transactions
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The payment processing solutions market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the payment processing solutions market in these regions.
IMPACT OF COVID-19 ON PAYMENT PROCESSING SOLUTIONS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The report covers key developments in the payment processing solutions market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from payment processing solutions market are anticipated to lucrative growth opportunities in the future with the rising demand for vinegar in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the payment processing solutions market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BitPay, Inc.
- Cayan (Total System Services, Inc.)
- Flagship Merchant services
- gocashless Corporation
- Payline Data Services, LLC
- Square, Inc.
- Fiserv, Inc
The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.