Payments Market Outlook 2021: Big Things are Happening | Visa, Mastercard, American Express

Latest published market study on Payments Industry Revenue Models in 2021 and Beyond Market provides an overview of the current market dynamics in the Payments Industry Revenue Models in 2021 and Beyond space, as well as what our survey respondents—all outsourcing decision-makers—predict the market will look like in 2027. The study breaks market by revenue and volume (wherever applicable) and price history to estimates size and trend analysis and identifying gaps and opportunities. Some of the players that are in coverage of the study are PayPal, Klarna, Afterpay, Affirm, Visa, Mastercard, American Express, Apple, Facebook, Vyne, Plaid, TrueLayer, TIPS, MobilePay, Vipps, Amazon.

Get ready to identify the pros and cons of regulatory framework, local reforms and its impact on the Industry. Know how Leaders in Payments Industry Revenue Models in 2021 and Beyond are keeping themselves one step forward with our latest survey analysis

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Summary:
As the world continues its uneven recovery from the global pandemic, the changes to countries, economies, businesses, and individuals that arose from the first lockdowns in 2020 continue to reveal themselves today. The way people pay has seen major, if not unforeseen, transformation. The pandemic has accelerated the move away from cash towards digital payment solutions. This shift challenges traditional payment revenue models in a number of ways, including through convenient alternatives to card payments via digital wallets, payment network innovations, and simple, transparent substitutes for credit cards via buy now pay later apps.

This report discusses the existing revenue models in the payments market and evaluates the challenges they face from emerging technologies and business models. New solutions have the potential to allow merchants and customers to cut out a key part of the traditional payment loop, bypassing interchange fees, system fees, and service charges - with major consequences for revenues.

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Scope:
- Following a decade of strong growth, estimates place current global payment revenues at around $2tn.
- Two key revenue streams - interchange fees and merchant service charges (MSCs), both specific to card-based transactions - account for around half of payment revenue. Together they will see growth of 25% between 2020 and 2023, when their value will reach $1.2tn.
- The pandemic has slashed the use of cash across many regions, although in traditionally cash-dependent areas it will continue to dominate over the short term.
- While payment cards remain the dominant payment mechanism in Europe and North America, the proportion of global transactions accounted for by mobile wallets has increased rapidly. This trend will continue out to 2023, driven by especially strong usage in Asia Pacific and growing adoption in the developed world.

To comprehend Payments Industry Revenue Models in 2021 and Beyond market dynamics in the world mainly, the worldwide Payments Industry Revenue Models in 2021 and Beyond market is analyzed across major global regions. Customized study by specific regional or country can be provided, usually client prefers below

• North America: United States of America (US), Canada, and Mexico.
• South & Central America: Argentina, Chile, Colombia and Brazil.
• Middle East & Africa: Kingdom of Saudi Arabia, United Arab Emirates, Turkey, Israel, Egypt and South Africa.
• Europe: the UK, France, Italy, Germany, Spain, NORDICs, BALTIC Countries, Russia, Austria and Rest of Europe.
• Asia: India, China, Japan, South Korea, Taiwan, Southeast Asia (Singapore, Thailand, Malaysia, Indonesia, Philippines & Vietnam etc) & Rest
• Oceania: Australia & New Zealand

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Reasons to Buy:
- Understand the payments value chain in full.
- Find out where the growth opportunities are in the medium and long term.
- Gain insight into coming regulatory changes that will affect payments revenues.
- Find out how mobile payments affect the established elements of the value chain.
- Learn where emerging technologies such as real-time payments and central bank digital currencies will impact the payments value chain.
- Understand how buy now pay later services threaten revenue streams in the credit card market.

Actual Numbers & In-Depth Analysis of Payments Industry Revenue Models in 2021 and Beyond Market Size Estimation and Trends Available in Full Version of the Report.

Thanks for reading this article, you can also make sectional purchase or opt-in for regional report by limiting the scope to only North America, ANZ, Europe or MENA Countries, Eastern Europe or European Union.

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