Payment Processing Services Market Intelligence

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Subscription Benefits:

  • PRO access to New Beroe LiVE*
  • Unlimited updates on the Report*
  • Supplier Watchlist for 3 suppliers*
  • Supplier Shortlisting Tool*

With this purchase you will be subscribed for a 12-month PRO membership to the upcoming all new Beroe LiVE (launching in Q3, 2020)

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*These features will be unlocked on the new Beroe LiVE when it launches (Q3, 2020)

Are you looking for answers on Payment Processing Services category?

Are you looking for answers on Payment Processing Services category?

  • What are the key trends in Payment Processing Services category?
  • Am I paying the right price?
  • Am I working with the right supplier?
  • What are the major challenges and risks in Payment Processing Services industry?
  • How is Payment Processing Services industry performing?

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Report Coverage

  1. Market Analysis
  2. Growth Drivers and Constraints
  3. Regional Market Dynamics
  4. Industry Best Practices

Production Size

Global Production Size/ Capacity

$264 billion

CAGR

-25 percent

Table of Contents

  1. Executive Summary
  2. Executive Summary
  3. COVID-19 Impact: Payment Processing Industry
  1. Market Analysis
  2. Market Overview
  3. Growth Drivers and Constraints
  4. Regional Market Dynamics
  1. Market trends
  2. Key Technology and Market Trends
  3. Global Regulatory Developments
  1. Industry Best Practices
  2. Pricing Dependencies
  3. Pricing Model
  4. Sourcing Model
  5. Engagement Model
  6. Best Practices for Cost Optimization

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Payment Processing Services Global Market Outlook:

Market Size (2020 Estimate) : $264 billion

Annual Growth Rate (2020 Estimate) : -25 percent

The global payment processing market is expected to decline at a rate of 25 percent in 2020, due to the COVID-19 pandemic, the economic slowdown, and the decrease in the volume of purchase transactions, due to lockdowns, and is expected to recover at a rate of 5 percent from 2021 to 2025.

Growth Drivers:

  • Globally, the number of customers using voice assistants is increasing and encouraging payments via voice, mainly for e-commerce transactions
  • Machine learning can help retailers to offer targeted products and encourage usage of payment card.
  • Solutions for digital payments is expected to drive the growth of this market

Key Trends in Payment Processing Services

QR Code Payments & Mobile Apps

QR Code seems to be a cost-effective alternate option for merchants during the covid-19 times

Focus on building merchant loyalty and increasing volume to stimulate growth, due to the outbreak of COVID-19
Boosting merchant loyalty is expected to resolve some of the problems:

  • Waiving of rental of POS terminal, if the merchant meet certain thresholds, in terms of transaction volume
  • Providing discounts or waiving of certain fees to merchants, who provide online or contactless payment options or those who sell essentials during the lockdown

Market Toward Consolidation

  • Industry consolidation is driven by large processors improving their economies of scale and expanding their geographical footprint through acquisitions
  • Reduction in revenue per transaction has resulted in the expansion of processor’s service portfolios and deepening of value chain and market consolidation among processors

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