Global Third Party Payment Market - Segmented by Type (Online, Mobile, Point-of-Sale (PoS)), by End-user Application (BFSI, E-commerce, Retail), and Region - Growth, Trends, and Forecast (2018 - 2023)

  • ID: 4534385
  • Report
  • Region: Global
  • 99 pages
  • Mordor Intelligence
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  • 2Checkout
  • Adyen BV
  • Alipay
  • Amazon Pay
  • Authorize.Net
  • First Data
  • MORE
The third party payment market is expected to register a CAGR of 42.9%, during the forecast period (2018 - 2023). The scope of the report is limited to the type and its various end-user application. The regions considered in the scope of the report include - North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

Third party payment method is spread everywhere from, offline to online, restaurants to supermarket, railways to cabs.

Increase in cloud computing and growing e-commerce market are a few factors driving the growth of the market, where as privacy and security concerns are inhibiting its growth rate.

Increase in Cloud Computing

Increase in cloud computing is one of the main reasons for tremendous growth of this market. The third party payment market is experiencing high demand from cloud-based solution providers, especially from small and medium enterprises (SMEs). The companies are providing cloud-based solutions to various organizations on monthly or annual subscription basis and receive payment via third party payment solutions. Also, the cloud-based solution providers market will increase which will, in turn, increase the third party payment market.

North America to Hold the Largest Market Share

North America held the largest share of this market and is expected to continue its dominance over the forecasted period. The countries in this region are developed, thus, online and mobile payments are already being used on large scale in these countries, as these are more technically advanced nations. Also, the e-commerce market is growing, with many e-commerce companies, such as Amazon, one of the largest e-commerce companies, headquartered in this region. Moreover, most of the third party payment providers are set up in this region, which roll out their pilot product in this region.

Key Developments in the Market
  • March 2018 - First Data enabled Alipay Acceptance at 35,000 North American Merchants. The expansion allows U.S. merchants the ability to offer Alipay’s 600 million registered Chinese users the same, convenient payment experience they enjoy at home while traveling in the US
  • July 2017 - Stripe has acquired Payable to help make it easier for platforms and marketplaces on Stripe Connect to meet their tax reporting obligations worldwide

Reasons to Purchase this Report
  • To know, how various factors are driving the market with respect to the global market scenario
  • To analyze various market perspectives, with the help of Porter’s five forces analysis
  • To know, which of the regions is expected to witness the fastest growth rate during the forecast period
  • To identify the latest developments, market shares, and strategies that are employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in excel)
Customization of the Report

This report can be customized to meet your requirements.
Note: Product cover images may vary from those shown
2 of 4


  • 2Checkout
  • Adyen BV
  • Alipay
  • Amazon Pay
  • Authorize.Net
  • First Data
  • MORE
1. Introduction
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
1.4 Key Findings of the Study

2. Research Approach and Methodology

3. Executive Summary

4. Market Dynamics
4.1 Market Overview
4.2 Factors Driving the Market
4.2.1 Increase in Cloud Computing
4.2.2 Growing E-Commerce Market
4.2.3 Increasing Smartphone Penetration
4.3 Factors Restraining the Market
4.3.1 Privacy and Security Concerns
4.4 Industry Attractiveness - Porter's Five Industry Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products or Services
4.4.5 Competitive Rivalry among Existing Competitors

5. Third Party Payment Segmentation
5.1 By Type
5.1.1 Online
5.1.2 Mobile
5.1.3 Point-of-Sale (PoS)
5.2 By End-user Application
5.2.1 BFSI
5.2.2 Retail
5.2.3 Healthcare
5.2.4 FMCG
5.2.5 E-commerce
5.2.6 Automotive
5.2.7 Education
5.2.8 Others
5.3 By Geography
5.3.1 North America US Canada
5.3.2 Europe UK Germany France Rest of Europe
5.3.3 Asia-Pacific China Japan India Rest of Asia-Pacific
5.3.4 Middle East & Africa Saudi Arabia UAE Rest of Middle East & Africa
5.3.5 Latin America Brazil Mexico Rest of Latin America

6. Competitive Intelligence - Company Profiles
6.1 PayPal Holdings, Inc.
6.2 Stripe, Inc
6.3 2Checkout Inc
6.4 First Data Corporation
6.5 Amazon Inc
6.6 Authorize.Net
6.7 Alipay Co Ltd
6.8 Adyen BV
6.9 One97 Communication Ltd
6.10 FuturePay, Inc
*List not exhaustive

7. Investment Analysis

8. Future Outlook of Third Party Payment Market
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  • PayPal Holdings Inc.
  • Stripe
  • 2Checkout
  • First Data
  • Amazon Pay
  • Authorize.Net
  • Alipay
  • Adyen BV
  • One97 Communication Ltd
  • FuturePay Inc
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown