Global Payment Processing Solutions Industry to 2025 – Rising Global Financial Inclusion Presenting Opportunities
DUBLIN, November 08, 2021– (BUSINESS WIRE) – The report “Global Payment Processing Solutions Market (2020-2025) by Payment Method, Vertical, Geography, Competitive Analysis and Impact of Covid-19 with Ansoff Analysis” has been added to ResearchAndMarkets.com offer.
The global payment processing solutions market is estimated at USD 41.1 billion in 2020 and is expected to reach USD 64.41 billion by 2025, with a CAGR of 9.4%.
Amazon Payments Inc.
Computer Services, Inc.
First data company
Flagship merchant services
Global Payments Inc.
Jack Henry and Associates Inc.
Payline Data Services, LLC
PayPal Holdings Inc.
Paysafe Holdings UK Limited
Total System Services, Inc.
Growing customer preference for online shopping has forced retailers to opt for payment processing solutions. These solutions help retailers reduce the risk of fraudulent transactions and improve customer service. Payment processing solutions use machine learning and artificial intelligence (AI) technologies, which act as an anti-fraud tool. In addition, these solutions can be easily integrated with point of sale (POS) systems, thus propelling market growth.
The growth of e-commerce is driven by the rapid adoption of technology, which is driven by the increasing use of devices, such as smartphones and tablets, and internet access via 4G, 5G, etc. . The constant acceleration of electronic commerce supports the use of electronic payments and brings significant benefits. Electronic payments help overcome the complicated and expensive process of physically collecting cash for a product bought or sold online.
1. In April 2019, SolarWinds enhanced its SolarWinds MSP product portfolio by adding patch management functionality for Mac. This capability is built into built-in controls and automated maintenance tasks, including a single managed patch solution, and the ability to use custom templates or scripts, providing a seamless experience for monitoring, management and protection of Mac devices in customer environments.
2. In February 2019, IBM partnered with Qualys to integrate Qualys’ patch management solution with IBM’s X-Force Red vulnerability management services. This integration should allow IBM to automate vulnerability prioritization and patching, which will reduce the time it takes to remediate vulnerabilities.
3. In September 2018, PayU Group entered into a partnership with PhonePe to increase its online merchant database in India. This partnership aims to offer a better payment experience to increasingly digital merchants as well as to consumers.
Why buy this report?
The report offers a comprehensive assessment of the global payment processing solutions market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and market size projections. Projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The main research is done through interviews, surveys and observations of well-known people in the industry.
The report includes in-depth market analysis using Porter’s 5 Force Model and Ansoff Matrix. The impact of Covid-19 on the market is also presented in the report.
The report also contains competitive analysis using the Competitive Quadrant, the analyst’s proprietary competitive positioning tool.
Main topics covered:
1 Description of the report
2 Research methodology
3 Executive summary
4 Market overview
4.2 Market dynamics
184.108.40.206 Strong proliferation of smartphones
220.127.116.11 Global initiatives to promote online and digital payments
18.104.22.168 Lack of a global standard for cross-border transactions
22.214.171.124 Lack of digital culture in emerging countries
126.96.36.199 Increasing financial inclusion globally
188.8.131.52 Rise of government and private initiatives to promote digital transactions
184.108.40.206 Threat of growing cyber attacks on digital payment solutions
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 Method
6.2 Credit card
6.3 Debit card
6.4 Electronic wallet
6.6 Others (bank transfers, prepaid debit card and check transfers to ACH)
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 and partnerships
9.3.3 New Product Launches and Improvements
9.3.4 Investments and financing
10 company profiles
For more information on this report, visit https://www.researchandmarkets.com/r/7c41uz
View the source version on businesswire.com: https://www.businesswire.com/news/home/20211108005732/en/
Laura Wood, Senior Press Director
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