Strategic Alliance Enhances Merchant Acquiring Services Trend: A Crucial Influence on the Merchant Acquiring Market's Transformation in 2025

What industry-specific factors are fueling the growth of the merchant acquiring market?
The surge in the need for digital payments is seen as a major driver fuelling the expansion of merchant acquiring in the future. Digital payments can be defined as the transfer of funds electronically between two parties leveraging digital technologies, eliminating the necessity for tangible cash or cheques. Various factors contribute to this rising demand for digital payments including the burgeoning of e-commerce, the emergence of touchless payment modes, and the pervasive accessibility of internet services. The application of digital payments in merchant acquiring simplifies transactions, minimizes cash management, and bolsters payment safety, thereby augmenting operational efficacy for corporations. As an illustration, data released by the Consumer Financial Protection Bureau, a governmental institution in the United States, disclosed that American consumers expended $65.2 billion on Google Pay (a payment service innovated by Google for enabling in-app, web-based, and in-person touchless acquisitions via mobile gadgets) for their retail purchases in 2022, showing considerable growth from $24.8 billion in 2021. Hence, the escalating need for digital payments is spearheading the expansion of the merchant acquiring market.

Get Your Merchant Acquiring Market Report Here:
https://www.thebusinessresearchcompany.com/report/merchant-acquiring-global-market-report

What Is the projected market size and growth rate for the merchant acquiring market?
The size of the merchant acquiring market has seen swift expansion in the past few years. The anticipated growth is from $25.43 billion in 2024 to $28.2 billion in 2025, with a compound annual growth rate (CAGR) of 10.9%. This growth from past years is attributed to factors such as the increasing requirement for cross-border e-commerce, the expansion of peer-to-peer (p2p) payment systems, the rise of digital banking and fintech initiatives, the growth of e-commerce, and the growing demand for alternatives to cash.

It is projected that the merchant acquiring market will witness significant expansion in the coming years, escalating to a worth of $42.16 billion in 2029 with a compound annual growth rate of 10.6%. The forecasted growth can be attributed to a surge in smartphone and mobile payment usage, increased acceptance of contactless payments, a rising demand for digital payments, a heightened requirement for secure and fraud-proof payment solutions, and burgeoning investment in payment technology. The forecast period is expected to see major developments, including technological advancement, AI integration, subscription-based models, digital currencies, and wearable devices that enable contactless payments.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=19582&type=smp

What new trends are reshaping the merchant acquiring market and its opportunities?
In the merchant acquiring market, top corporations are concentrating on developing key alliances in order to establish a competitive advantage. This involves cooperation between finance institutions, payment processing firms, and tech providers to improve payment solutions and broaden market access in merchant acquiring. An example of this is the strategic partnership between Shift4 Payments, Inc., a payment processing firm from the United States, and Phos, a software firm from Bulgaria, which occurred in July 2024. The aim of this collaboration is to augment Phos's acquiring capacities and stimulate the usage of SoftPOS solution amongst European merchant customers. The agreement also allows Phos clients to use Shift4's international acquiring and payment processing services, enabling them to process payments through worldwide card networks and digital wallets.

What major market segments define the scope and growth of the merchant acquiring market?
The merchant acquiringmarket covered in this report is segmented -

1) By Type: Digital Commerce, Traditional Commerce
2) By Payment Method: Visa, Mastercard, American Express, Discover, Japan Credit Bureau, Local Card Networks, Alternative Payment Models
3) By Sales Channel: Direct Channel, Distribution Channel
4) By Application: Small And Medium Enterprises, Large Enterprises, Other Applications

Subsegments:
1) By Digital Commerce: E-commerce Payment Gateways, Mobile Payment Solutions, Online Point-of-Sale (POS) Systems, Digital Wallet and NFC Payments, Subscription-Based Payment Solutions, Peer-to-Peer (P2P) Payment Platforms
2) By Traditional Commerce: In-Store POS Systems, Card-Not-Present (CNP) Transactions, Retail Payment Solutions, Contactless Payment Solutions, Terminal-Based Payment Systems, Multi-Channel Payment Processing

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19582

Which region dominates the merchant acquiring market?
North America was the largest region in the merchant acquiring market in 2024. The regions covered in the merchant acquiring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which key market leaders are driving the merchant acquiring industry growth?
Major companies operating in the merchant acquiring market are Commercial and Industrial Bank of China, JPMorgan Chase & Co., Bank of America Merchant Services, Citi Merchant Services, American Express Company, ING Group N.V., Banco Bilbao Vizcaya Argentaria S.A., Fiserv Inc., Fidelity National Information Services Inc., Global Payments Inc., Sberbank, The Royal Bank of Scotland plc, Shift4 Payments Inc., Worldpay Group plc, Heartland Payment Systems Inc., Adyen N.V., Paysafe Group, Elavon Inc., Crédit Agricole S.A., Zettle by PayPal, Chase Paymentech Solutions LLC, PayCommerce Inc.

Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=19582&type=smp

What Is Covered In The Merchant Acquiring Global Market Report?

•Market Size Forecast: Examine the merchant acquiring market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the merchant acquiring market for a structured understanding.
•Key Players Overview: Analyze major players in the merchant acquiring market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the merchant acquiring market.
•Segment Contributions: Evaluate how different segments drive overall growth in the merchant acquiring market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the merchant acquiring market.
•Industry Challenges: Identify potential risks and obstacles affecting the merchant acquiring market.
•Competitive Landscape: Review strategic developments in the merchant acquiring market, including expansions, agreements, and new product launches.

Connect with 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.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.