About Payments Processing Market
Payment processing service includes processing and handling of debit/credit card transactions for organizations. The spend momentum of this market will be attributed to the increase in the adoption of payment processing in the retail industry is due to the increase in demand for instant payment settlements from merchants and retailers.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Payments Processing Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
The report, Global Payments Processing Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to the optimization of category spend.
Category driver
- Increase in demand from the hospitality industry
Category management strategy
- Focus on supply base rationalization
Procurement best practices
- Assess security and fraud protection measures taken by service providers while processing payments
Key questions answered in this report
- What are the market dynamics?
- What are the key market trends?
- What are the category growth drivers?
- What are the constraints on category growth?
- Who are the suppliers in this market?
- What are the demand-supply shifts?
- What are the major category requirements?
- What are the procurement best practices in this market?
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Table of Contents
PART 01: EXECUTIVE SUMMARY
Executive Summary
The following companies as the key suppliers in the Global Payments Processing Category - Procurement Market Intelligence Report: PayPal Holdings Inc, Stripe Inc, Square Inc, Flagship Merchant Services, Payline Data Services LLC, Adyen.
Commenting on the report, an analyst from the research team said: “One of the procurement best practices for buyers is to assess fee-structure of payment processing solutions charged by service providers.”
According to the report, one of the key growth contributors for the global payments processing market is the rise in demand from the retail sector.
Further, the report states that one of the key category management strategies for the buyers in the global payments processing market is to engage with service providers who adhere to regulatory standards which can help buyers achieve significant cost savings.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the market. The report contains actionable insights to improve source-to-contract cycle performance in addition to a PESTLE analysis.
Companies Mentioned
- Adyen.
- Flagship Merchant Services
- Payline Data Services LLC
- PayPal Holdings Inc
- Square Inc
- Stripe Inc
Methodology
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