Market Highlights: The payment processing solutions platform that designed with electronic based technology for easy access and better proficiency. The payment processing solutions offers reporting and analytical tools that can provide credit card payments system to variety of merchants and service providers. Major driving factors for the payment processing solutions market are growing usage in online shopping industry, healthcare services & others, high proliferation of smart phones and customers demand for immediate transaction. This factor is expected to boost the global market. The major companies are adding more cyber threats technology payments solution in Asia-Pacific countries as these countries are focused fastest-growing verticals in the payment processing solutions market. The market study is being classified by Type (Credit Card, Debit Card and E-wallet), by Application (Retail, Hospitality, Utilities & Telecommunication and E-commerce) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Payment Processing Solutions are PayPal (United States), Adyen (Netherlands), Stripe (United States), Square (United States), Wirecard (Germany), Global Payments (United States), CCBill (United States), PayU (Netherlands), Authorize.Net (United States), Due (United States), First Data (United States), Jack Henry & Associates (United States) and Alipay (China).
Major Market Development Highlights In January 2018, Fiserv announced to acquire First Data for USD 22 Billion. This acquisition is beneficial in providing greater transaction volume, reduce client attrition and sell more products. Both the companies are also planning to invest in digital banking, core banking and bill payments market. In March 2018, AGS Transact Technologies and ACI worldwide launched processing solutions which is beneficial in providing fraud monitoring capabilities for Unified Payments Interface (UPI) in India. The solution also offers encompass processing, fraud monitoring and reconciliation in payment infrastructure units.
Key Questions Answered in the Report What will the Payment Processing Solutions Market size and the growth rate be in Future? What are the key factors driving the Payment Processing Solutions Market? What are the key market trends and macro-economic impacting the growth of the Payment Processing Solutions Market? What are the challenges to market growth? Who are the key vendors in the Payment Processing Solutions Market? What are the market opportunities and threats faced by the vendors in the Payment Processing Solutions Market? Trending factors influencing the market shares of the Players. What are the key outcomes of the five forces analysis of the Payment Processing Solutions Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Payment Processing Solutions market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Payment Processing Solutions market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Payment Processing Solutions Manufacturers, Payment processing solutions Traders, End-Use Market Participants of Different Segments of Payment Processing Solutions, Government and Research Organizations, Associations and Industrial Bodies, Research and Consulting Firms, R&D Institutions and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.