Global Merchant Acquiring Market – Analysis By Type, End-User, Distribution Channel, Technology, By Region, By Country (2022 Edition): Market Insights and Forecast with Impact of COVID-19 (2022-2027)
Executive Summary
According to a research report published by Azoth Analytics in July 2021, the Global Merchant Acquiring Market was valued at around USD 24.91 billion in the year 2021. Payments are becoming increasingly cashless, and the industry’s role in fostering inclusion has become a significant priority. The card acquiring industry has developed progressively over time by giving retailers and merchants a platform to quickly and effectively handle card payment transactions.
Over the last 10 years, merchant acquiring has evolved into a commodity, and players in the field are now differentiating their offers by lowering margins on transactional volume. Future-oriented growth in this space is to create an upgraded ‘Merchant Acquirer’ that will deliver value-added services to existing customers and create new business in the SME market. Factors such as the shift to cashless promises to lower costs, increase convenience, and greater security for consumers and businesses is driving the merchant acquiring market.
The retail segment accounts for the major share of the Merchant Acquiring market. Increasing population, rapid urbanization, increasing disposable income and changing consumer preference are factors driving the retail segment, resulting in a high number of cashless transactions. Merchant acquiring business is one of the profitable businesses in the restaurants and hotels segment where customers can check in with hassle-free and quick card payments.
Americas region holds the major Merchant Acquiring Market share with the U.S. Merchant Acquiring Market driven by a surge in innovation, an enthusiastic community of new entrants, and a proliferation of new payment experiences.
Scope of the Report
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