Press release
Payment as a Service Global Market Intelligence Report Offers Key Futuristic Top Trends, Research Methodology and Competitive Landscape By 2033
Payment as a Service Market
As per the report, the payment as a service market size has grown rapidly in recent years. It will grow from $13.71 billion in 2023 to $16.44 billion in 2024 at a compound annual growth rate (CAGR) of 19.9%. The payment as a service market size is expected to see exponential growth in the next few years. It will grow to $35.32 billion in 2028 at a compound annual growth rate (CAGR) of 21.1%.
Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=8858&type=smp
Fueling Global Expansion By The Role Of Cashless Transactions In Driving Payment As A Service Market Growth
The increasing adoption of cashless transactions worldwide is expected to propel the growth of the payment as a service market going forward. A cashless transaction is an automated or online transaction between two people, companies, or organizations. With the help of payment as a service (PaaS) technology providers and cloud-based platforms, banks and credit unions can quickly expand and modernize their payment capabilities without making a significant initial investment. For instance, in July 2021, according to a report published by VISA, a US-based digital payment company, in Southeast Asia, 64% of consumers have tried to go cashless, with the highest percentages occurring in Vietnam (84%), Thailand (82%), and the Philippines (79%). Therefore, the increasing adoption of cashless transactions worldwide is driving the growth of the payment as a service market.
Revolutionizing Payment Solutions Through Route Mobile's Cutting Edge Payment-As-A-Service - Click2Pay
Technological Advancements are a key trend gaining popularity in the payment-as-a-service market. Major companies operating in the payment-as-a-service market are focused on developing new technological solutions to strengthen their position. For instance, in December 2021, Route Mobile, an India-based company operating in payment as a service, launched the payment-as-a-service - Click2Pay. This PaaS is an instant payment solution for simplifying communications and helps deliver a great conversational experience with a flexible option for integrating payment platforms of choice with advanced AI algorithms, enhanced analytics, and unified payment APIs. It helps in cost optimization the payment reminder messages more informative and actionable.
The payment as a service market covered in this report is segmented -
1) By Service: Professional Services, Managed Services
2) By Component: Platform, Services
3) By Vertical: Retail, Hospitality, Media and entertainment, Healthcare, Banking, Financial Services, and Insurance (BFSI), Other Verticals
Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=8858&type=discount
Major companies operating in the payment as a service market report are Aurus Inc., Total System Services Inc., Ingenico Group SA, Paystand Inc., Mindgate Solutions Private Limited, VoPay International Inc., Agile Payments LLC, Route Mobile Limited, Arcus Financial Intelligence Inc., ACE Software Solutions Inc., StyloPAY Inc., FacilitaPay LLC, PaySky Holding SAL, International Business Machines Corporation., Radar Payments B.V., First Data Corporation, Paysafe Group Limited, Verifone Inc., Alpha Fintech Inc., First American Payment Systems LLC, Pineapple Payments LLC, PPRO Financial Ltd., Valitor hf., Fidelity National Information Services Inc., Helcim Inc., RAMP Holdings Inc., Jeeves Information Systems AB, Revolut Ltd., Ravelin Technology Limited
Contents of the report:
1. Executive Summary
2. Payment as a Service Market Report Structure
3. Payment as a Service Market Trends And Strategies
4. Payment as a Service Market - Macro Economic Scenario
5. Payment as a Service Market Size And Growth
…..
27. Payment as a Service Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/payment-as-a-service-global-market-report
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ "
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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 Payment as a Service Global Market Intelligence Report Offers Key Futuristic Top Trends, Research Methodology and Competitive Landscape By 2033 here
News-ID: 3605134 • Views: …
More Releases from The Business research company
Diabetic Neuropathy Industry Report 2025-2034: Market Dynamics, Trends, And Fore …
The Diabetic Neuropathy Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Diabetic Neuropathy Market Size During the Forecast Period?
The market scale for diabetic neuropathy has seen a significant expansion in the past few years. Its growth is projected to rise from…
Evolving Market Trends In The Dental Restorative And Regenerative Material Indus …
The Dental Restorative And Regenerative Material Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Dental Restorative And Regenerative Material Market Size During the Forecast Period?
The market size for dental restorative and regenerative material has seen substantial growth in the recent past.…
Surge In Data Traffic Drives The Data Center Server Market: Key Factor Driving T …
The Data Center Server Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Data Center Server Market Size During the Forecast Period?
The size of the data center server market has consistently expanded over the recent years. The market is projected to increase…
Cryocooler Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
The Cryocooler Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Cryocooler Market Size During the Forecast Period?
The market size of cryocoolers has seen significant growth in the past few years. It is expected to increase from $3 billion in 2024 to…
More Releases for Payment
Digital Payment Market by Component (Solutions (Payment Processing, Payment Gate …
Magarpatta SEZ, Pune, “ReportsnReports”, one of the world’s prominent market research firms has released a new report on Global Digital Payment Market. The report contains crucial insights on the market which will support the clients to make the right business decisions. This research will help both existing and new aspirants for Digital Payment Market to figure out and study market needs, market size, and competition. The report talks about the…
Online Payment Gateway Market Analysis By 2028 | Amazon.com, Avenues India Pvt. …
Future Market Insights (FMI) has recently published a new research report on the online payment gateway market titled “Online Payment Gateway Market: Global Industry Analysis (2013-2017) and Opportunity Assessment (2018-2028).” The report states that the growing prevalence of third party payment processes is expected to have a positive impact on the growth of the global market. Websites have always been a good source for channel merchants for generating revenue. Concentrating…
Payment Card Industry 2025 by Product (Contactless Payment, Card Contact Payment …
ReportsWeb.com has announced the addition of the “Global Payment Card Market Professional Survey Report 2018” ,provides a vital recent industry data which covers in general market situation along with future scenario for industry around the Globe.
Key Players -
MasterCard, Visa, American Express, Banco Itau, Bank of America Merrill Lynch, Bank of Brazil, Bank of East Asia, Chase Commercial Banking, Diner's Club, Hang Seng Bank, Hyundai, JP Morgan, SimplyCash, Sumitomo…
Payment Security Software Market 2018- Digital Transformation in Payment Methods …
Market Highlights
“The increasing number of cashless transactions is the main factor behind the rising demand for payment security software across the world,” says a FGR analyst. With the ongoing digital transformation, the payment market is witnessing a significant change in the pattern of financial transactions, which is shifting towards cashless increasingly.
The digitization across industries is leading to high investments in the development and the deployment of new technologies, encouraging…
Payment Gateway Industry Worth US$ 86.9 Billion By 2025 - Hosted Payment Gateway …
The merchants all over the globe are avidly willing to expand their businesses cross-border by adaption of a logical approach, by partnering with the payment gateways. With the help of this partnership, these merchants gain the advantage of tapping the opportunities created by the globalization of e-commerce. Majority of merchants today, are eyeing up global expansion and wish to grow at a faster pace, however, the last thing they would…
Contactless Payment Observe Huge Demand in Australia Payment Market
Pune, India, 04 December 2017: WiseGuyReports announced addition of new report, titled “Payments in Australia 2017: What Consumers Want”.
A 'payment system' is new technology that allows consumers, businesses, and many organizations to transfer money to a financial institution and vice versa. This includes Payment Instructions - Cash, Card, Check and Electronic Funds Transfer which customers use to pay - and generally unseen arrangements ensure that the funds move from one…
