What is Enterprise Payments Platform Market Scope?
Enterprise payments platform offers financial institutions to simplify their payments infrastructure and deliver an effective payments strategy on a single, integrated, real-time platform. With the use of enterprise payments platforms, customers can streamline their payment workflows, modernize and replace legacy technology, and create new consumer and business products and services.
The Enterprise Payments Platform market study is being classified and major geographies with country level break-up.
Global Enterprise Payments Platform is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Services and Solutions. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Fiserv (United States), Built In (United States), G2 (United States), FIS (United States), bookitLive (United Kingdom), Oracle Corporation (United States), Square (United States), Jack Henry and Associates (United States), Payscout (United States) and Payline (United States) are some of the key players profiled in the study.
Analyst at AMA have segmented the market study of Global Enterprise Payments Platform market by Type, Application and Region.
On the basis of geography, the market of Enterprise Payments Platform has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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).
Market Influencers and their development strategies
In 2019, Fiserv has merged with First Data Corporation. The transaction helps to increase scale, expand footprint. The combination mainly focused on creating a Global Leader in Payments and FinTech.
On 21st October 2021, Fiserv launched a Program to Bring Real-Time P2P Payments to Minority Depository Institutions. The new launch helps to build long-lasting relationships with customers, and that means continually evolving offerings to meet their needs.
As per the RBI, "Non-bank PAs shall require authorization from RBI under the Payment and Settlement Systems Act."
Influencing Market Trend
- Peoples Preference towards Faster Payment Methods
- Widely Shifting of Companies towards Outbound Payments
- Rising Demand for Enterprise Payments Platforms to Reduce Fraud Activities can create Opportunities for the Market Growth
- Unavailability of Skilled Staff
- Regulatory Guidelines on the use of the Enterprise Payments Platforms
Key Target Audience
Enterprise Payments Platform Developers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
Customization available in this Study:
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To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.
Frequently Asked Questions (FAQ):1. At what growth rate would the Enterprise Payments Platform market expands?
The Global Enterprise Payments Platform market is expected to see a growth of % during projected year 2020 to 2026.
2. Who are the prominent players of the Global Enterprise Payments Platform market?
The prominent players of Global Enterprise Payments Platform market are Fiserv (United States), Built In (United States), G2 (United States), FIS (United States), bookitLive (United Kingdom), Oracle Corporation (United States), Square (United States), Jack Henry and Associates (United States), Payscout (United States) and Payline (United States), to name a few.
3. What are the top priorities to focus for Enterprise Payments Platform marketís growth?
In this highly competitive & fast evolving Enterprise Payments Platform industry, the top strategic priorities would remain consistent like innovation, R&D and M&A.