2025 Merchant Acquiring Market Outlook: Key Indicators Shaping Growth Through 2034

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What Will the Merchant Acquiring Industry Market Size Be by 2025?_x000D_
In recent times, the merchant acquiring market has experienced significant growth. The market value is predicted to rise from $25.43 billion in 2024 to $28.2 billion in 2025, constituting a compound annual growth rate (CAGR) of 10.9%. This substantial growth during the historic period is primarily due to the surge in demand for cross-border e-commerce, expansion of peer-to-peer (p2p) payment systems, advancement of digital banking and fintech innovations, growth in e-commerce sector, and the escalating demand for cash alternatives._x000D_
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What's the Long-Term Growth Forecast for the Merchant Acquiring Market Size Through 2029?_x000D_
There is anticipated to be a significant expansion in the merchant acquiring market in the coming years, projected to increase to $42.16 billion by 2029, reflecting a compound annual growth rate (CAGR) of 10.6%. Several factors are influencing this expected growth in the upcoming period, including the rise in smartphone usage and mobile payments, the spread of contactless payment methods, growing demand for digital transactions, an increased requirement for secure and s*cam-proof payment systems, and a surge in investment in payment technology. Key trends anticipated within this period encompass technological progress, the incorporation of artificial intelligence, subscription-oriented models, digital currencies, and contactless wearable devices._x000D_
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What Are the Key Growth Drivers Fueling the Merchant Acquiring Market Expansion?_x000D_
The surge in digital payments is projected to boost the expansion of merchant acquiring in the future. Digital payments involve the electronic exchange of funds between one entity and another utilizing digital technology, eliminating the need for tangible cash or checks. The escalating demand for digital payments results from factors such as e-commerce growth, the advent of contactless payment methods, and ubiquitous internet connectivity. Implementing digital payments in merchant acquiring streamlines the transaction process, minimizes cash keeping, and improves payment security, thereby enhancing business efficiency. For example, in September 2023, the Consumer Financial Protection Bureau, a government agency in the US, reported that American shoppers used Google Pay (a mobile payment service developed by Google, aimed at enabling in-app, online, and in-person contactless purchases through mobile gadgets) to shell out $65.2 billion in retail outlets in 2022, a jump from $24.8 billion the previous year. As such, the surge in demand for digital payments is propelling the merchant acquiring market's growth._x000D_
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What Are the Key Trends Driving Merchant Acquiring Market Growth?_x000D_
Leading businesses in the merchant acquiring market are concentrating on developing strategic partnerships to obtain a superior market position. This approach typically involves alliances between financial institutions, payment processors, and tech service providers aiming to strengthen payment solutions and broaden their market presence. For example, in July 2024, a notable collaboration took place between Shift4 Payments, Inc., an American payment processing firm, and Phos, a software company based in Bulgaria. The central objective was to fortify Phos' acquiring abilities and accelerate the usage of its SoftPOS solution among European merchant customers. Thanks to this partnership, Phos clients can now leverage Shift4's global acquiring and payment processing services, giving them the ability to accept payments via global card networks and digital wallets._x000D_
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How Is the Merchant Acquiring Market Segmented?_x000D_
The merchant acquiringmarket covered in this report is segmented - _x000D_
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1) By Type: Digital Commerce, Traditional Commerce_x000D_
2) By Payment Method: Visa, Mastercard, American Express, Discover, Japan Credit Bureau, Local Card Networks, Alternative Payment Models _x000D_
3) By Sales Channel: Direct Channel, Distribution Channel_x000D_
4) By Application: Small And Medium Enterprises, Large Enterprises, Other Applications_x000D_
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Subsegments:_x000D_
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 _x000D_
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_x000D_
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Which Companies Are Leading the Charge in Merchant Acquiring Market Innovation?_x000D_
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. _x000D_
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Which Regions Are Leading the Global Merchant Acquiring Market in Revenue?_x000D_
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._x000D_
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