Payment Processor Market 2021-2026: Analysis by Key Players – PayPal Holdings Inc., Due Inc., Stripe, Adyen, Square Inc.,

Latest released, the research study on Global Payment Processor Market Report Forecast 2021 - 2026, offers a detailed overview of the factors influencing the global business scope. Payment Processor Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Payment Processor. The study covers emerging player's data, including competitive landscape, sales, revenue and global market share of top manufacturers are: PayPal Holdings Inc., Due Inc., Stripe, Adyen, Square Inc., Flagship Merchant Services, Payline Data Services LLC, Wirecard AG, Paysafe Group Limited, First Data Corporation, Global Payments Inc., BitPay, CCBill LLC, Braspag, Banwire SA de CV, Tutuka Software (Pty) Ltd, Galileo Financial Technologies, Marqeta Inc

The Global Payment Processor Market Growing at a CAGR of 12.2% during the forecast period.

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Market Overview:

- Major driving factors that are expected to drive the global payment processing market are the rising government initiatives for the promotion of digital and online payments, increased production of smartphones, improving customer experiences, and their demand for the imminence of payments and settlements. The quantity of online transactions globally across trades is proliferating. It is asserted in the world payment report 2019 that non-cash transactions had reached 539 billion in 2017, growing at 12%. According to retail tech news, e-commerce retailing includes almost 12% of the total retail industry.
- Besides, debit cards, credit cards, and credit transfer accounted for 17%, 11%, and 10% respectively in top growth in non-cash payment instruments. The enraged demand for online retailing globally is expected to drive online payment, thereby propelling the payment processor market over the forecast period. Credit card remains to be the preferred way to pay in department shops, most possibly owing to people who choose a credit card for procurements in a higher value. On the other side, strict regulations in the payment industry and the growing cases of cyber-attacks and data breaches are restraining the growth to an extent.
- With businesses across the board witnessing a sharp slowdown owing to COVID-19, the digital payments sector is supposed to have registered a decline of around 30% in transaction value over the past few weeks, according to Economic Times. For instance, transactions on the platform BharatPe, a QR-code based payments startup, have reduced by nearly 10%-15% due to COVID-19. Aviation, which adds almost one-fourth of all online digital transactions, has seen a drop of nearly 40% due to cancellations and refunds because of restrictions on international travel.

Industry News:

- January 2020 - UnionPay International (UPI) and PayPal announced a global partnership where both companies will work together to accelerate the growth of their networks. As part of the agreement, PayPal has committed to supporting UPI acceptance globally, where PayPal is accepted  giving UnionPay cardholders more choice when shopping.
- January 2020 - Adyen, announced that Subway selected it as its payments partner for North America. Adyen will support Subway, the worlds largest quick-service restaurant by restaurant count, and its Franchise Owners in creating a simpler and more customer-centric payments experience in-restaurant, online, and through the Subway App.

Regional Analysis:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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APAC to Hold the Dominant Market Share During the Forecast Period

- Asia-Pacific is dominating other regions in terms of the adoption of the online transaction. According to the World Payments Report, 2019, Asia is expected to maintain its most meaningful growth trajectory with an approximated CAGR of 30% from 2017-2022F. Adoption of QR-code based payments has quickened the cashless revolution in Asian Markets.
- These countries in APAC have invested significantly in Research and Development (R&D) activities, thereby contributing to the development of innovative technologies. The payment processing solutions market in APAC is extremely competitive, as nations such as China and India are focused on R&D and modernization. These countries are immediate adopters of technologies in several verticals.

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-Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects

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-Market value USD Million and volume Units Million data for each segment and sub-segment

-Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years

-Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

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