Electronic Payment Market is Booming Across the Globe by Share, Size, Growth, Segments and Forecast 2021-2027 |Alipay, Amazon Pay, Apple Pay, Tencent, Google Pay, First Data

The Global Electronic Payment Market from 2021 to 2027 study investigated by Market Intelligence Data examines the market in depth, emphasising data on many areas such as drivers, constraints, opportunities, threats, and worldwide markets, covering development trends, competitive landscape analysis, and key region expansion status. This report is a comprehensive numerical analysis of the Electronic Payment industry that provides data for developing strategies to boost market growth. Electronic Payment identifies key elements of the market in light of current industry, market requests, business methodologies used by Electronic Payment Market players, and future prospects from various angles.

The research report examines the Electronic Payment market utilising several techniques and analysis in order to offer reliable and in-depth market information. It is broken into many segments to cover various elements of the market for a better understanding. The goal of this study is to help consumers gain a more thorough, better, and clearer understanding of the industry.

Electronic Payment market is expected to register a CAGR of 15.43 % during the forecast period 2021-2027

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The Electronic Payment major players include:

Alipay, Amazon Pay, Apple Pay, Tencent, Google Pay, First Data, Paypal, Fiserv, Visa Inc., MasterCard, Total System Services (TSYS), Novatti, Global Payments, Financial Software & Systems, Worldline, BlueSnap, Net 1 UEPS Technologies, Wirecard, ACI Worldwide, Worldpay (Vantiv), Aurus Inc, Chetu, Paysafe, PayU, Yapstone, Adyen

INDUSTRY NEWS

In May 2020, PayPal announced the QR code-based payment method to allow its customers buy and sell goods in 28 markets around the globe.
In May 2020, Fiserv announced the launch of a unique offering, Authorization Lift, to reduce the number of legitimate debit card transactions that are wrongly identified and unnecessarily declined as fraudulent. The new offering effectively manages risks.
In May 2020, FIS announced the addition of Google Pay to its HPP product for online merchants. FIS integrated Google Pay with its Worldpay HPP offering. This helps merchants turn on Google Pay to enable express online checkouts.
In March 2020, MasterCard announced an innovative mobile solution in collaboration with Phos. a provider of software-only PoS. Phos along with MasterCard, introduced an innovative mobile solution that allows merchants to accept contactless payments on Android mobile devices without the need for any additional hardware.

Electronic Payment is divided into four categories: firm, geography, type, and application. Players, stakeholders, and other players in the worldwide Electronic Payment will gain an advantage by utilising the report as a valuable resource.

Type segment covers:

Payment Gateway Solutions

Payment Wallet Solutions

Payment Processing Solutions

Payment Security & Fraud Management

POS Solutions

Application segment covers:

BFSI

Retail

Telecommunication

Entertainment

Logistics & Transportation

Government

Others

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Regions covered in the report are:

North America (United States, Canada and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

REGIONAL ANALYSIS

APAC is expected to hold the highest CAGR during the forecast period

The global digital payments market by region covers 5 major geographic regions, namely North America, Asia Pacific (APAC), Europe, MEA, and Latin America. APAC is projected to witness the highest growth rate. The countries in the region have undertaken major initiatives to improve the payment industry. For instance, Asian Payments Network (APN) is a group of 11 Asian countries that include the Philippines, China, Singapore, Malaysia, Thailand, Vietnam, Indonesia, South Korea, Japan, New Zealand, and Australia to promote cross-border banking transactions in the region.

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The major Electronic Payment market reports of:

– Detailed overview of Electronic Payment Market

– Changing Electronic Payment market dynamics in the industry – In-depth market segmentation by type, application, etc.

– Historical, current and projected Electronic Payment market size in terms of size and value

– Recent industry trends and developments

– Competitive landscape of Electronic Payment Market

– Key players and product offering strategies

– Potential and niche sectors/regions showing promising growth.

The research makes a fantastic endeavour to uncover important opportunities accessible in the worldwide Electronic Payment to assist businesses achieve a strong market position, with industry-standard precision in analysis and excellent data integrity. Buyers of the research will get access to validated and trustworthy market predictions, for the worldwide Electronic Payment in terms of revenue.

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