Payment Processing Solutions Market Overview by Growth Opportunities and Forecast over 2020-2026 - PowerPoint PPT Presentation

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Payment Processing Solutions Market Overview by Growth Opportunities and Forecast over 2020-2026

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Title: Payment Processing Solutions Market Overview by Growth Opportunities and Forecast over 2020-2026


1
Payment Processing Solutions Market is expected
to witness rapid escalation globally during 2020
- 2026
  • The payment processing solutions market is
    projected to witness a rate of lucrative business
    growth over the upcoming years due to the
    increasing demand for safe digital channels,
    across various sectors, to conduct fast and
    secure financial transactions. The ongoing market
    growth can further be ascribed to increasing
    penetration of smartphones and adoption of
    various mobile payment applications. As per a new
    Global Market Insights, Inc., research report,
    payment processing solutions market is estimated
    to surpass a 140 billion valuation by 2026.
  • With the growing adoption of smartphones, key
    market players are focusing on innovations to
    differentiate their solution offerings from that
    of competitor. These players are adopting key
    strategies in order to strengthen their foothold
    in the payment processing solutions industry. For
    instance, in October 2020, Thryv Holdings, Inc.,
    a leading provider of Thryv software, a
    fully-integrated, end-to-end customer experience
    platform to help small businesses run and grow,
    reportedly announced the novel launch of its
    first payment processing service, ThryvPaySM.

2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
2
  • The novel software is specifically designed for
    service-driven small businesses. It essentially
    allows customers to get paid through ACH payments
    and credit card. The software solution also
    enables small businesses to book appointments,
    send invoices, create estimates, and get paid
    through a private consumer login area, online,
    and text, all from a single dashboard.
  • With respect to deployment model, the mobile
    deployment model segment is likely to grow
    substantially with a CAGR of around 10 over the
    forecast time period. This anticipated growth can
    be attributed to the high penetration of
    smartphones and increasing adoption of internet
    services. The rise of mobile payment applications
    has further resulted in increased
    peer-to-merchant as well as peer-to-peer
    transactions. Furthermore, numerous key players
    active in the market are developing new and
    innovative mobile payment processing solutions by
    incorporating POS terminals, BLEs, QR codes, and
    NFC.
  • In terms of end-user, the market is categorized
    into government and public sector, healthcare,
    BFSI, retail e-commerce, and tourism
    hospitality. Among these, the healthcare segment
    is anticipated to witness a respectable CAGR of
    more than 10 over the projected time period. It
    is required from healthcare organizations that
    they focus on facilitating secure payment
    gateways and improving the patient experience as
    a whole. At present, numerous companies actively
    operating in the industry are offering purpose
    designed payment solutions for the healthcare
    industry.

2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
3
Request for a Sample Copy of this Report _at_
https//www.gminsights.com/request-sample/detail/3
597
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
4
  • Regional Analysis
  • On the geographical front, Europe payment
    processing solutions sector is projected to
    witness substantial growth and is likely to
    account for more than 20 of the global industry
    share by the end of the forecast time period.
    Favorable government policies coupled with
    initiatives that are designed to improve digital
    banking infrastructure are anticipated to fuel
    regional growth over the forthcoming years.
  • Competitive Analysis
  • The payment gateway of Infintech would be
    integrated with the PCRS (Policy Claim and
    Reporting Solutions) platform of PCMI. Through
    the new team up, PCRS administrators now have the
    capability of supporting both integrated credit
    cards and ACH from dealers.
  • Global Payments, Inc., Adyen, Square, Inc.,
    PayPal Holdings, Inc., Fiserv, Inc., and Fidelity
    National Information Services, Inc. among many
    others are some of the key players operating in
    the payment processing solutions market

2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
5
Latest Research Report On Payment Processing
Solutions Market _at_ https//www.gminsights.com/ind
ustry-analysis/payment-processing-solutions-market

Request for sample of this research report_at_
https//www.gminsights.com/request-sample/detail/
3597
Request for customization _at_https//www.gminsights
.com/roc/3597
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
6
Stay In Touch You can visit us at
www.gminsights.com
Thank You!
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
www.gminsights.com
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