The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Global Payment Processing Solutions Market Dynamics:
Major growth factors for the market comprise of increasing global initiatives for the promotion of digital and online payments, high proliferation of smartphones, focus on improving customer experience, and customers’ demand for immediacy of payments and settlements. These factors are anticipated to drive the global payment processing solutions market. On the other hand, the lack of a global standard for international transactions may limit the market growth.
Global Payment Processing Solutions Market Segment Analysis:
According to the payment method, the eWallet segment grows at the highest CAGR of XX % during the forecast period. A eWallet is a way of carrying digital card information in a digital form in a mobile device. To make purchases, people can pay with their tablets, smart watches, or smartphones. Generally, a eWallet is a payment service through which individuals and businesses can send and accept money through a mobile device. Mainly, it enables an individual to receive payments, as well as pay, using a mobile device. Chief companies are focusing on strategic partnerships and M & A to gain a competitive edge and raise their market share. For instance, in March 2019, Agoda joined with Adyen N.V. to improve the payment experience of its customers by enhancing the booking process.
Global Payment Processing Solutions Market Regional Insights:
Geographically, North America includes developed countries, such as the US and Canada. These countries have participated significantly in R&D activities, thereby contributing to the development of advanced technologies. The payment processing solutions market in North America is highly competitive, as countries such as the US and Canada are focused on R&D and improvement. These countries are primary adopters of technologies in several verticals. The US and Canada are also the foremost countries in retail, financial services, banking, and other industries, such as transportation and manufacturing. Credit card is the most desired mode of payment by consumers in both online and point-of-sale (POS) method in North American countries.
This global market study report analysis offers detailed insights, revenue details, and other vital information regarding the global payment processing solutions market, and the several trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report provides perceptive and complete information regarding the numerous key players operating in the market, their financials, supply chain trends, technological innovations, and key developments, apart from future strategies, A&M, and market footprint. It contains the estimation of the market size, in terms of value, with respect to geographies.
The objective of the report is to present a comprehensive assessment of the market and contain insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding global payment processing solutions market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence.
Global Payment Processing Solutions Market, Key Highlights:
• Global Payment Processing Solutions Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Payment Processing Solutions Market
• Global Payment Processing Solutions Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Payment Processing Solutions Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Payment Processing Solutions Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Payment Processing Solutions Market are also profiled.
Scope of the Global Payment Processing Solutions Market: Inquire before buying
Global Payment Processing Solutions Market, By Vertical
• Utilities and telecommunication
Global Payment Processing Solutions Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in the Global Payment Processing Solutions Market:
• PayPal (US)
• Adyen (Netherlands)
• Stripe (US)
• Square (US)
• Wirecard (Germany)
• Global Payments (US)
• CCBill (US)
• PayU (Netherlands)
• Authorize.Net (US)
• Due (US)
• First Data (US)
• Jack Henry & Associates (US)
• Alipay (China)
• Paysafe (UK)
• BlueSnap (US)
• Fiserv (US),
• Global Payments (US)
• FIS (US),
• MasterCard (US)
• ACI Worldwide (US)
• Dwolla (US),
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