openPR Logo
Press release

Payments Market: 2022 Will be a Defining Year

Payments Market

Payments Market

Latest published market study on COVID-19 Impact on the Payments Market provides an overview of the current market dynamics in the COVID-19 Impact on the Payments 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.

Get customization & check discount for report @ https://www.htfmarketreport.com/request-discount/2584144-covid-19-impact-on-the-payments-industry-1

Summary

The coronavirus (SARS-CoV-2) outbreak, dubbed COVID-19, is first and foremost a human tragedy, affecting millions of people globally. The contagious coronavirus, which broke out at the close of 2019, has led to a medical emergency across the world, with the World Health Organization officially declaring the novel coronavirus a pandemic on March 11, 2020.

The US’ GDP is anticipated to decline in 2020 due to the economic disruption caused by the outbreak of this virus. There has been a sharp rise in the cancellation of flights, hotel bookings, and major events.

To help combat the coronavirus pandemic, President Donald Trump approved a relief bill on March 19, 2020. The bill offers free COVID-19 testing, provides unemployment insurance, increases spending on health insurance for the poor, and grants $1bn in food aid. Following this, on March 20, the US government announced the rollout of a $1tn economic stimulus package. The package includes direct payments to individuals under a certain income threshold, $200bn in loans to airlines and distressed industry sectors, and $300bn in bridge loans for small businesses.

Request a sample report @ https://www.htfmarketreport.com/sample-report/2584144-covid-19-impact-on-the-payments-industry-1

This report focuses on the impact of the coronavirus outbreak on both the economyand the cards and payments industry in the US. Based on our proprietary datasets, the snapshotprovides a detailed comparison between pre-COVID-19 forecasts andrevised forecasts of total payment card, debit card, and credit and charge card transactions by value and volume. It also offers information on measures taken by the government to combat coronavirus.

Scope

- In a major boost, the US Federal Reserve announced on March 16 a cut in its benchmark interest rate to near 0%, in order to prevent liquidity crunch in the market.
- Coronavirus has affected the US travel and tourism industry adversely. According to Tourism Economics, US travel and tourism could potentially lose at least $24bn in foreign spending in 2022 in the wake of the crisis.
- When shopping in-store, consumers will shift from cash-based payments to digital payment tools, particularly mobile wallets - again, to avoid exposure to disease vectors.

Reasons to Buy

- Make strategic decisions using top-level revised forecast data on the US payment industry.
- Understand the key market trends, challenges, and opportunities in the US cards and payments industry.
- Receive a comprehensive insight into payments market in the US.

View Detailed Table of Content @ https://www.htfmarketreport.com/reports/2584144-covid-19-impact-on-the-payments-industry-1

Some Extracts from COVID-19 Impact on the Payments Market Study Table of Content

COVID-19 Impact on the Payments Market Size (Sales) Market Share by Type (Product Category) in 2020
COVID-19 Impact on the Payments Market by Application/End Users
Global COVID-19 Impact on the Payments Sales and Growth Rate (2015-2025)
COVID-19 Impact on the Payments Competition by Players/Suppliers, Region, Type and Application
COVID-19 Impact on the Payments (Volume, Value and Sales Price) table defined for each geographic region defined.
Supply Chain, Sourcing Strategy and Downstream Buyers, Industrial Chain Analysis
........and view more in complete table of Contents

Place a Purchase Order for this Market Study (Single User License) at: https://www.htfmarketreport.com/buy-now?format=1&report=2584144

Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Unit No. 429, Parsonage Road Edison, NJ
New Jersey USA – 08837
Phone: +1 (206) 317 1218
sales@htfmarketreport.com

HTF Market Intelligence consulting is uniquely positioned empower and inspire with research and consulting services to empower businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist in decision making.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Payments Market: 2022 Will be a Defining Year here

News-ID: 2527847 • Views:

More Releases from HTF Market Intelligence Consulting Pvt. Ltd.

Smart Bat Market to Get a New Boost | Zepp Labs, Adidas, Under Armour, BatSense
Smart Bat Market to Get a New Boost | Zepp Labs, Adidas, Under Armour, BatSense
HTF MI just released the Global Smart Bat Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2033. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach. Major Giants in Smart Bat Market are: Zepp Labs (US), Adidas (Germany),
IoT-Connected Healthcare Device Market May See a Big Move | Major Giants Philips Healthcare, Medtronic, GE Healthcare
IoT-Connected Healthcare Device Market May See a Big Move | Major Giants Philips …
HTF MI just released the Global IoT-Connected Healthcare Device Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2033. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach. Major Giants in IoT-Connected Healthcare Device Market are: Philips Healthcare (Netherlands),
Home Nebulizer Market to See Thriving Worldwide | Philips Respironics, Omron, Drive DeVilbiss, Microlife
Home Nebulizer Market to See Thriving Worldwide | Philips Respironics, Omron, Dr …
HTF MI just released the Global Home Nebulizer Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2033. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach. Major Giants in Home Nebulizer Market are: Philips Respironics (Netherlands), Omron (Japan),
Portable Emergency Ultrasound Market is Going To Boom | GE Healthcare, Philips Healthcare, Siemens Healthineers
Portable Emergency Ultrasound Market is Going To Boom | GE Healthcare, Philips H …
HTF MI just released the Global Portable Emergency Ultrasound Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2033. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach. Major Giants in Portable Emergency Ultrasound Market are: GE Healthcare (US),

All 5 Releases


More Releases for Payments

Credit Card Payments Market Secured Transactions, Seamless Payments: The Future …
Credit Card Payments Market Credit Card Payments Market to reach over USD 327.68 billion by the year 2031 - Exclusive Report by InsightAce Analytic InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Credit Card Payments Market Size, Share & Trends Analysis Report By Card Type (General Purpose Credit Cards and Specialty & Other Credit Cards), Application (Food & Groceries, Health & Pharmacy, Restaurants & Bars,
Unveiling QuickBooks Payments Gateway WHMCS Module for Securing Payments
Discover seamless payment security with the QuickBooks Payments Gateway WHMCS Module. Safeguard your transactions and streamline payment processes effortlessly. Feature News Summers & Zim's Expands Services with Tommy's Electric Acquisition, Enhancing Electrical Offerings in Lancaster and Chester Relief Allergy & Sinus Institute Welcomes Dr. Griffith Hsu to the Team, Expanding Best ENT and Allergy Care Locations Watch the first major AI music video generated by Runway Artificial Intelligence The Beer Connoisseur® Magazine & Online
Payments Landscape Market Analysis 2023 Global Future Outlook 2029, Key Applicat …
The research looks at factors like segmentation, description, and applications in the Payments Landscape Market. It derives accurate insights to provide a comprehensive view of the dynamic features of the business, such as shares and profit generation, directing attention to the critical aspects of the business. Market methodologies adopted in the report offer precise data analysis and provide a tour of the entire market. Both primary and secondary approaches to
Payments Landscape in Russia Industry, Mobile Proximity Payments, Bill Payments, …
Market Research Hub (MRH) has actively included a new research study titled Payments Landscape in Russia: Opportunities and Risks to 2022 to its wide online repository. The concerned market is discoursed based on a variety of market influential factors such as drivers, opportunities and restraints. This study tends to inform the readers about the current as well as future market scenarios extending up to the period until forecast period limit;
Top Players in India Mobile Payments Market forecasts 2025: Transaction Services …
Mobile payments are payment methods that use mobile phones. India's Mobile Payment Forum (MPFI) is an umbrella organization responsible for mobile payments in India. India is the world's largest mobile payment market. A mobile payment is money paid for a product or service through a portable electronic device such as a tablet or cell phone. Mobile payment technology can also be used to send money to friends or family members. Mobile
The Russian Consumer Payments Country Snapshot : Payment cards, Online payments, …
"The Report Consumer Payments Country Snapshot: Russia 2016 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz" The Russian payments market is showing significant change as it slowly moves towards digital payments. In spite of cash playing a dominant role, new payment technologies will progressively gain in importance, with mobile payments and online commerce expected to contribute to increasing the level