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Press release content from Business Wire. The AP news staff was not involved in its creation.

Worldwide Payment Processing Solutions Industry to 2025 - Rising Financial Inclusion Across the Globe Presents Opportunities - ResearchAndMarkets.com

November 8, 2021 GMT

DUBLIN--(BUSINESS WIRE)--Nov 8, 2021--

The “Global Payment Processing Solutions Market (2020-2025) by Payment Mode, Vertical, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis” report has been added to ResearchAndMarkets.com’s offering.

The Global Payment Processing Solutions Market is estimated to be USD 41.1 Bn in 2020 and is expected to reach USD 64.41 Bn by 2025, growing at a CAGR of 9.4%.

Companies Mentioned

  • Adyen N.V.
  • Alipay.com
  • Amazon Payments Inc.
  • Authorize.Net
  • BillingTree
  • BlueSnap Inc.
  • CCBill, LLC
  • Computer Services, Inc.
  • Due Inc.
  • First Data Corporation
  • Flagship Merchant Services
  • Global Payments Inc.
  • GoCardless
  • INFIBEAM AVENUES
  • Ingenico Group
  • Jack Henry & Associates Inc.
  • Naspers Limited
  • Payline Data Services, LLC
  • PayPal Holdings Inc.
  • Paysafe Holdings UK Limited
  • PayU money
  • Payvision
  • Square Inc.
  • Stripe
  • Total System Services, Inc.
  • Visa Inc.
  • Wirecard AG

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Increasing preference of customers for online shopping has compelled retailers to opt for payment processing solutions. These solutions help retailers to curb the risk of fraudulent transactions and improve customer service. Payment processing solutions are using machine learning and Artificial Intelligence (AI) technologies, which are acting as an anti-fraud tool. Furthermore, these solutions can be easily integrated with the Point of Sale (POS) systems, thereby propelling the market growth.

The growth of ecommerce is driven by the rapid technology adoption, which is led by the rising use of devices, such as smartphones and tablets, and access to the internet through 4G, 5G, and so on. The constant acceleration of ecommerce supports the use of e-Payments and brings about significant benefits. E-Payments help overcome the complicated and costly process of physically collecting cash for a product purchased or sold online.

Recent Developments

1. In April 2019, SolarWinds enhanced its SolarWinds MSP product portfolio by adding patch management for Mac capabilities. This capability is embedded with built-in checks and automated maintenance tasks, including a unique managed patch solution, and the ability to use templates or custom scripts, thereby, offering a seamless experience for monitoring, managing, and protecting Mac devices across customer environments.

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2. In February 2019, IBM partnered with Qualys to integrate Qualys’s patch management solution with IBM’s X-Force Red’s vulnerability management services. This integration is expected to enable IBM to automate vulnerability prioritization and patching, which will reduce the time for vulnerability remediation.

3. In September 2018, PayU Group entered into a partnership with PhonePe to increase its online merchant database in India. This partnership intends to offer a better payment experience for the increasing digital-savvy merchants as well as consumers.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Payment Processing Solutions Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
  • The report also contains the competitive analysis using the Competitive Quadrant, the analyst’s proprietary competitive positioning tool.

Key Topics Covered:

1 Report Description

2 Research Methodology

3 Executive Summary

4 Market Overview

4.1 Introduction

4.2 Market Dynamics

4.2.1 Drivers

4.2.1.1 High proliferation of smartphones

4.2.1.2 Worldwide initiatives for the promotion of online and digital payments

4.2.2 Restraints

4.2.2.1 Absence of a global standard for cross-border transactions

4.2.2.2 Lack of digital literacy in emerging countries

4.2.3 Opportunities

4.2.3.1 Rising financial inclusion across the globe

4.2.3.2 Rising government and private initiatives to promote digital transactions

4.2.4 Challenges

4.2.4.1 Threat of increasing cyber-attacks on digital payment solutions

4.3 Trends

5 Market Analysis

5.1 Porter’s Five Forces Analysis

5.2 Impact of COVID-19

5.3 Ansoff Matrix Analysis

6 Global Payment Processing Solutions Market, By Payment Mode

6.1 Introduction

6.2 Credit Card

6.3 Debit Card

6.4 E-Wallet

6.5 ACH

6.6 Others (Bank transfers, prepaid debit card, and checks-to-ACH transfers)

7 Global Payment Processing Solutions Market, By Vertical

8 Global Payment Processing Solutions Market, By Geography

9 Competitive Landscape

9.1 Competitive Quadrant

9.2 Market Share Analysis

9.3 Competitive Scenario

9.3.1 Mergers & Acquisitions

9.3.2 Agreement, Collaborations, & Partnerships

9.3.3 New Product Launches & Enhancements

9.3.4 Investments & Funding

10 Company Profiles

11 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/7c41uz

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KEYWORD:

INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES

SOURCE: Research and Markets

Copyright Business Wire 2021.

PUB: 11/08/2021 09:50 AM/DISC: 11/08/2021 09:52 AM

http://www.businesswire.com/news/home/20211108005732/en