Global ePayment System Market Report 2018 Top Companies are Bluefin Payment Systems, Braintree, Cybersource, Elavon, Index, Ingenico Epayments Intelligent Payments Geobridge Corporation, Shift4 Corporation, Sisa Information Security Signifyd, TNS Tokenex
The Global ePayment System Market is expected to reach USD 25.9 billion by 2025 from USD 12.7 billion in 2017 and is projected to grow at a CAGR of 17.7% in the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Bluefin Payment Systems,
Ingenico Epayments Intelligent Payments Geobridge Corporation,
Sisa Information Security Signifyd,
TNS Tokenex pureLiFi,
Nakagawa Labs and LightPointe Communications.
ePayment system is defined as a mode of making transaction or payment of goods and services with an electronic medium without using cash or cheque. It is also known as online or electronic payment system.Due to increasing use of Internet-based banking and shopping, the ePayment system market has been developing over the last few years. There are various number of ePayment systems which are developed offer improvement in secure ePayment transaction while decreasing cheque and cash transactions. ePayment systems is categorized into two areas which include cash payment systems and credit payment systems. The various advantages of ePayment system are it is a more effective and efficient transaction system, without wasting time, It has lowers the whole transaction cost. It is easy to add ePayment system online, start processing payments online. Payment providers and payment gateways offer high security and anti-fraud tools for reliable transactions.
In 2018 Prime Minister Narendra Modi launched BHIM, RuPay and SBI app a three Indian mobile payment apps in Singapore at a business event. It helped in internationalisation of the country’s digital payment platform.
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Global ePayment System Market Statistical Overview Report 2018 gives an outstanding tool for market Survey, openings, and Vital key and strategic basic leadership. This report perceives that in this quickly advancing and competitive scenario, up-coming data on the basis of ePayment System Market research execution and settles on basic choices for development and benefit. It gives data on ePayment System Market trends and advancements and sheds light on various sectors, limitations and advancements, and on the evolving structure of the market.
Market Drivers and Restraints:
Increased speed of transactions
No distance barriers
Decreasing cost of technology
Rising adoption and demand of customers for mobile and electronic commerce
Growing trend of cashless payment
Increasing contactless payment enabled instruments like e-wallets, cards and smartphones
Increasing number of schemes on various cards pushing the adoption of several ePayment modes
Growing dependency on smartphones
Emergence of fast internet (4G/3G) technologies
User friendliness and growing social media platform
Declining efficiencies of aging assets and the need for operational safety
Lack of secrecy
The market is based on solution, service, organization size, vertical and geographical segments.
Based on solution, the market is segmented into encryption, tokenization, fraud detection and prevention.
Based on services are segmented into integration, support, and consulting.
Based on organization size are segmented into large enterprises and small and medium enterprises
Based on vertical, the market is segmented into retail, BFSI, IT& telecom, healthcare, hospitality, transportation, education, government, media, entertainment and others.
Based on geography, the market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa.
The global ePayment System market is fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market in order to sustain in long run. The report includes market shares of ePAYMENT system market for global, Europe, North America, Asia Pacific and South America.
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