The Global Payment Processing Solution Market is expected to grow at a CAGR of 10.8% during the forecast period, 2021–2026.

Payment Processing Solution Market 2021

A payment processing solution is a process or service that automates the transaction of payments among retailers and merchants. These processing solutions process, verify, accept, or decline online payments or point of sale (PoS) transactions through a secured internet connection.

Rapid Growth of E-Commerce in Europe Due to Rising Number of Cross-Border Purchases

Europe is expected to witness significant growth in the payment processing solution market during the forecast period, 2019–2026. Europe aims to be a single digital market, which entails the decentralization of financial services and stringent security regulations. According to Adyen, Swiss, Belgian, Irish, Dutch, and German shoppers are increasingly purchasing goods across borders. On account of this cross-border purchase of products, Europe’s online retail market is growing exponentially. Additionally, according to the European Central Bank, card payments in the European Union accounted for 52% of the total number of non-cash payments with credit and debit transfers accounting to 24% and 19%, respectively.

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The Major Manufacturers Covered in this Report:
Adyen, Alipay, Authorize.Net, BluePay Processing LLC, BlueSnap, CCBill, Due, First Data, Global Payments, Jack Henry & Associates, Merchant-Accounts.ca, PayPal, Paysafe, PayU, Square, Stripe, and Wirecard. and more...

Years that have been considered for the study of this report are as follows:

History Year: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year: 2021 to 2026

Market Segmentation:

By Payment Method

Credit card
Debit card
E-Wallet

By Application

IT and Telecom
Retail
Hospitality
Media and Entertainment
Others

Regional Segmentation:

North America (The US, Canada, and Mexico)
Europe (Germany, France, the UK, and Rest of the World)
Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
Latin America (Brazil and Rest of Latin America.)
Middle East & Africa (Saudi Arabia, the UAE, South Africa, and Rest of Middle East & Africa)

Additionally, the analysis also delivers a comprehensive review of the crucial players on the Payment Processing Solution Market along with their company profiles, SWOT analysis, latest advancement and business plans.

The analysis objectives of the report are:

To equitably share in-depth info regarding the crucial elements impacting the increase of industry (growth capacity, chances, drivers and industry specific challenge and risks).
To know the Payment Processing Solution Market by pinpointing its many sub segments.
To profile the important players and analyze their growth plans.
To endeavor the amount and value of the Payment Processing Solution Market sub-markets, depending on key regions (various vital states).
To analyze the Global Payment Processing Solution Market concerning growth trends, prospects and also their participation in the entire sector.
To examine and study the Global Payment Processing Solution Market size (volume and value) form the company, essential regions/countries, products and applications, background information and also predictions.
Primary worldwide Global Payment Processing Solution Market manufacturing companies, to specify, clarify and analyze the product sales amount, value and market share, market rivalry landscape, SWOT analysis and development plans for the next coming years.
To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.

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