Payment processing is how businesses complete credit card and debit card transactions. Payment processing services expedite card transactions, and payment gateways securely transmit data so money from a customer's issuing bank can be transferred to a merchant's account. All of this happens in seconds.
In the simplest terms, a payment processor is a company that handles transactions between two parties, such as a merchant and a customer. It accomplishes the payment by relaying the payment information, like a credit card, from the customer to the merchant?s preferred bank account.
This report aims to provide a comprehensive presentation of the global market for Payment Processing, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Payment Processing. This report contains market size and forecasts of Payment Processing in global, including the following market information:
Global Payment Processing Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Payment Processing market was valued at US$ 93510 million in 2022 and is projected to reach US$ 231810 million by 2029, at a CAGR of 13.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
In the global Payment Processing market, the five leading players are PayPal, Global Payments, Adyen, Fiserv ans Stripe. They hold a share over 50%.
We surveyed the Payment Processing 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 Payment Processing Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Payment Processing Market Segment Percentages, by Type, 2022 (%)
- Credit Card & Debit Card
- eWallet
- Others
Global Payment Processing Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Payment Processing Market Segment Percentages, by Application, 2022 (%)
Global Payment Processing Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Payment Processing Market Segment Percentages, By Region and Country, 2022 (%)
- 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 Payment Processing revenues in global market, 2018-2023 (estimated), ($ millions)
- Key companies Payment Processing revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- PayPal
- Global Payments
- Adyen
- Fiserv
- Stripe
- Square
- Worldline
- GoCardless
- Payline Data
- Due Payments
- Flagship Merchant Services
- Cayan
- BitPay
Outline of Major Chapters:
- Chapter 1: Introduces the definition of Payment Processing, market overview.
- Chapter 2: Global Payment Processing market size in revenue.
- Chapter 3: Detailed analysis of Payment Processing company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
- Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
- Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
- Chapter 6: Sales of Payment Processing in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
- Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
- Chapter 8: The main points and conclusions of the report.