Industry Analysis: How Does COVID-19 Trigger The Payments Market (2021-2030) | Tbrc Reports

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The global payments market is expected to grow from $466.29 billion in 2020 to $517.68 billion in 2021 at a compound annual growth rate (CAGR) of 11%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $735.39 billion in 2025 at a CAGR of 9.2%.

The Business Research Company offers "Payments Global Market Report 2021" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.

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The payments market consists of sales of payments services by entities (organizations, sole traders, and partnerships) that are engaged in facilitating payment transfers between individuals, companies, or both. The payments industry consists of establishments primarily engaged in processing money transfers and payments between various accounts. This includes all institutions involved in payment processing such as banks, non-banking financial institutions, and others. Revenue generated from the payments market includes all the processing and services fees levied by the banks and financial institutions for payment processing.

Some of the key players involved in the Payments Market are PayPal, Square Inc., Apple Inc, Amazon Payments, Flagship Merchant Services, GoCardless, Bitpay, Stripe

The countries covered in the global Payments Market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.

The regions covered in the global Payments Market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Payments Market Segmentation:
1) By Type: Credit Transfer, Direct Debit, Check Payment, Cash Deposit
2) By Application: Banks, Non-Banking Financial Institutions, Others
3) By End-User Industry: Retail, Banking and Financial Service, Telecommunication, Government, Transportation, Others

Browse Complete Report @ https://www.thebusinessresearchcompany.com/report/payments-global-market-report-2018

A Few Points From The Table Of Contents
1. Executive Summary
2. Payments Market Characteristics
3. Payments Market Trends And Strategies
4. Impact Of COVID-19 On Payments
5. Payments Market Size And Growth
....
26. Africa Payments Market
27. Payments Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Payments Market
29. Payments Market Future Outlook and Potential Analysis
30. Appendix

The report covers the trends and market dynamics of the Payments Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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