Global Payment Processing Market Growth (Status and Outlook) 2023-2029

Global Payment Processing Market Growth (Status and Outlook) 2023-2029

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.

LPI (LP Information)' newest research report, the “Payment Processing Industry Forecast” looks at past sales and reviews total world Payment Processing sales in 2022, providing a comprehensive analysis by region and market sector of projected Payment Processing sales for 2023 through 2029. With Payment Processing sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Payment Processing industry.

This Insight Report provides a comprehensive analysis of the global Payment Processing landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Payment Processing portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Payment Processing market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Payment Processing and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Payment Processing.

The global Payment Processing market size is projected to grow from US$ 88900 million in 2022 to US$ 236640 million in 2029; it is expected to grow at a CAGR of 15.0% from 2023 to 2029.

In the global Payment Processing market, the five leading players are PayPal, Global Payments, Adyen, Fiserv ans Stripe. They hold a share over 50%.

This report presents a comprehensive overview, market shares, and growth opportunities of Payment Processing market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Credit Card & Debit Card
eWallet
Others

Segmentation by application
Large Enterprises
SMEs

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
PayPal
Global Payments
Adyen
Fiserv
Stripe
Square
Worldline
GoCardless
Payline Data
Due Payments
Flagship Merchant Services
Cayan
BitPay

Please note: The report will take approximately 2 business days to prepare and deliver.