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Online Payments Market Report: Size, Share, Trends Analysis Report, Market Growth And Forecast To 2023 - 2032
Payments Market
As per the online payments market report by The Business Research Company, The outbreak of COVID-19 is expected to drive the growth of the payments market over the forecast period. Contactless payments are becoming a preferred payment method in the current pandemic situation because less human contact is required.
The global payments market will grow from $561.77 billion in 2022 to $612.04 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global payments market is expected to grow to $847.59 billion in 2027 at a CAGR of 8.5%.
Read More On The Online Payments Market Report Here:
https://www.thebusinessresearchcompany.com/report/payments-global-market-report
Major competitors in the online payments market include PayPal, Square Inc., Apple Inc., Amazon Payments, Flagship Merchant Services, GoCardless, Bitpay, Stripe, Payline Data, FIS., ACI Worldwide, MasterCard, Fiserv.
The online payments market is segmented -
• By Type: Credit Transfer, Direct Debit, Check Payment, Cash Deposit
• By Application: Banks, Non-Banking Financial Institutions, Other Applications
• By End-user Industry: Retail, Banking and Financial Service, Telecommunication, Government, Transportation, Other End Users
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Payment instruments are systems that enable funds held in accounts at credit, payment, or similar institutions to be transferred to a payee on receipt of a payment order.
The Table Of Content For The Online payments Market Include:
1. Executive Summary
2. Online Payments Market Characteristics
3. Online Payments Market Trends And Strategies
4. Online Payments Market - Macro Economic Scenario
5. Online Payments Market Size And Growth
……
27. Online Payments Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Online Payments Market
29. Online Payments Market Future Outlook and Potential Analysis
30. Appendix
The "Global Online Payments Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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