Report overview
The payments market consists of establishments primarily engaged in processing money transfers and payments between various accounts. This includes all institutions involved in payment processing such as banks, non-banking financial institutions, and others. Revenue generated from the payments market include all the processing and services fees levied by the banks and financial institutions for payment processing.
This report contains market size and forecasts of Payments in Global, including the following market information:
Global Payments Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Payments market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Credit Transfer Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Payments include PayPal, FIS, Bank Of America, Industry And Commercial Bank Of China and Citi, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Payments companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Payments Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Payments Market Segment Percentages, by Type, 2021 (%)
Credit Transfer
Direct Debit
Check Payment
Cash Deposit
Global Payments Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Payments Market Segment Percentages, by Application, 2021 (%)
Banks
Non-Banking Financial Institutions
Others
Global Payments Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Payments Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Payments revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Payments revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
PayPal
FIS
Bank Of America
Industry And Commercial Bank Of China
Citi
