+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Payments Global Market Report 2021: COVID-19 Impact and Recovery to 2030

  • ID: 5323201
  • Report
  • May 2021
  • Region: Global
  • The Business Research Company

FEATURED COMPANIES

  • ACI Worldwide
  • American Express
  • Braintree
  • FIS
  • JPMorgan Chase
  • PayPal
Payments Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global payments market as it emerges from the COVID-19 shut down.







Reasons to Purchase
  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the payments ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Payment market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider payments market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The payments market section of the report gives context. It compares the payments market with other segments of the payments market by size and growth, historic and forecast.

Scope

Markets Covered:

1) By Type: Credit Transfer; Direct Debit; Check Payment; Cash Deposit2) By Application: Banks; Non-Banking Financial Institutions; Others 3) By End-user Industry: Retail; Banking and Financial Service; Telecommunication; Government; Transportation; Others

Companies Mentioned: PayPal; Square, Inc.; Apple Inc; Amazon Payments; Flagship Merchant Services

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
This product will be delivered in 1-3 business days
Frequently Asked Questions about the Global Payments Market

What is the estimated value of the Global Payments Market?

The Global Payments Market was estimated to be valued at $517.7 billion in 2021.

What is the growth rate of the Global Payments Market?

The growth rate of the Global Payments Market is 9.2%, with an estimated value of $735.4 billion by 2025.

What is the forecasted size of the Global Payments Market?

The Global Payments Market is estimated to be worth $735.4 billion by 2025.

Who are the key companies in the Global Payments Market?

Key companies in the Global Payments Market include PayPal, Square Inc., Apple Inc, Amazon Payments, Flagship Merchant Services, GoCardless, Bitpay, Stripe and FIS.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ACI Worldwide
  • American Express
  • Braintree
  • FIS
  • JPMorgan Chase
  • PayPal

1. Executive Summary2. Payments Market Characteristics3. Payments Market Trends and Strategies4. Impact of COVID-19 on Payments
5. Payments Market Size and Growth
5.1. Global Payments Historic Market, 2015-2020, $ Billion
5.1.1. Drivers of the Market
5.1.2. Restraints on the Market
5.2. Global Payments Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers of the Market
5.2.2. Restraints on the Market
6. Payments Market Segmentation
6.1. Global Payments Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Credit Transfer
  • Direct Debit
  • Check Payment
  • Cash Deposit
6.2. Global Payments Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Banks
  • Non-Banking Financial Institutions
  • Others
6.3. Global Payments Market, Segmentation by End-user Industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Retail
  • Banking and Financial Service
  • Telecommunication
  • Government
  • Transportation
  • Others

7. Payments Market Regional and Country Analysis
7.1. Global Payments Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Payments Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8. Asia-Pacific Payments Market
8.1. Asia-Pacific Payments Market Overview
  • Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Payments Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8.3. Asia-Pacific Payments Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
9. China Payments Market
9.1. China Payments Market Overview
9.2. China Payments Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion
9.3. China Payments Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion
10. India Payments Market
10.1. India Payments Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
10.2. India Payments Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11. Japan Payments Market
11.1. Japan Payments Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11.2. Japan Payments Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12. Australia Payments Market
12.1. Australia Payments Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12.2. Australia Payments Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
13. Indonesia Payments Market
13.1. Indonesia Payments Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
13.2. Indonesia Payments Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
14. South Korea Payments Market
14.1. South Korea Payments Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
14.2. South Korea Payments Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
15. Western Europe Payments Market
15.1. Western Europe Payments Market Overview
15.2. Western Europe Payments Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
15.3. Western Europe Payments Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
16. UK Payments Market
16.1. UK Payments Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
16.2. UK Payments Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
17. Germany Payments Market
17.1. Germany Payments Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
17.2. Germany Payments Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
18. France Payments Market
18.4. France Payments Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
18.5. France Payments Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
19. Eastern Europe Payments Market
19.1. Eastern Europe Payments Market Overview
19.2. Eastern Europe Payments Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
19.3. Eastern Europe Payments Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
20. Russia Payments Market
20.1. Russia Payments Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
20.2. Russia Payments Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
21. North America Payments Market
21.1. North America Payments Market Overview
21.2. North America Payments Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
21.3. North America Payments Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
22. USA Payments Market
22.1. USA Payments Market Overview
22.2. USA Payments Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
22.3. USA Payments Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
23. South America Payments Market
23.1. South America Payments Market Overview
23.2. South America Payments Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
23.3. South America Payments Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
24. Brazil Payments Market
24.1. Brazil Payments Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
24.2. Brazil Payments Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
25. Middle East Payments Market
25.1. Middle East Payments Market Overview
25.2. Middle East Payments Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
25.3. Middle East Payments Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
26. Africa Payments Market
26.1. Africa Payments Market Overview
26.2. Africa Payments Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
26.3. Africa Payments Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
27. Payments Market Competitive Landscape and Company Profiles
27.1. Payments Market Competitive Landscape
27.2. Payments Market Company Profiles
27.2.1. PayPal
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Square, Inc.
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Apple Inc
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Amazon Payments
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Flagship Merchant Services
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
29. Key Mergers and Acquisitions in the Payments Market29. Payments Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright and Disclaimer
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ACI Worldwide
  • American Express
  • Braintree
  • FIS
  • JPMorgan Chase
  • PayPal
Major players in the payments market are PayPal, Square, Inc., Apple Inc, Amazon Payments, Flagship Merchant Services, GoCardless, Bitpay, Stripe, Payline Data, and FIS.

The global payments market is expected to grow from $466.29 billion in 2020 to $517.68 billion in 2021 at a compound annual growth rate (CAGR) of 11%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $735.39 billion in 2025 at a CAGR of 9.2%.

The payments market consists of sales of payments services by entities (organizations, sole traders, and partnerships) that are engaged in facilitating payment transfers between individuals, companies, or both. The payments industry consists of establishments primarily engaged in processing money transfers and payments between various accounts. This includes all institutions involved in payment processing such as banks, non-banking financial institutions, and others. Revenue generated from the payments market includes all the processing and services fees levied by the banks and financial institutions for payment processing.

The integration of biometric authentication technology in payments is a key trend gaining popularity in the payments market. Biometric authentication is a specific and significant payment method that integrates and offers accuracy, effectiveness, and protection within a single package. The methods of authentication include fingerprint scanners, facial recognition, iris recognition, pulse tracking, and venous mapping. For example, in 2018, Visa, an American financial services company, introduced a pilot of a modern dual-interface (chip-and contactless-enabled) biometric payment card with Mountain America Credit Union and Bank of Cyprus. The card will evaluate the use of biometric authentication as an alternative to a PIN or signature during a transaction to validate the card issuer.

The payments market is segmented by type into credit transfer, direct debit, check payment, cash deposit, and by application into banks, non-banking financial institutions, others.

In November 2020, Refinitiv, a London-based financial services company acquired GIACT for an undisclosed amount. The acquisition of GIACT’s fraud prevention capabilities brings new offerings to Refinitiv’s customers by enhancing and broadening Refinitiv’s digital identity verification and document proofing solution. GIACT is a USA based financial services company.

The outbreak of COVID 19 is expected to drive the growth of the payments market over the forecast period. Contactless payments are becoming a preferred payment method in the current pandemic situation because less human contact is required. Contactless payment systems at the point of services, such as facial recognition, Quick Response (QR) codes, or Near-field Communication (NFCs), will render the virus less likely to spread to others via payment exchanges. In the first quarter of 2020, the credit card giant Mastercard announced a 40% increase in contactless payments as the global pandemic deepened. Therefore, the widespread of coronavirus is expected to propel the contactless payment market growth in the forecast period.

The increasing frauds in payments impacted the growth of the payments market. Payment fraud is a form of fraudulent or unlawful transaction carried out by a cybercriminal. Fraudsters use third-party platforms such as e-commerce portals to defraud consumers to pay for products or items that are never shipped. According to data recorded by the National Crime Records Bureau, 3,353 cases of digital fraud were reported in 2018. In India, a total of 21,041 fraud cases involving credit cards, debit cards, and internet banking were reported in just three months as of December 2019. Therefore, the increase in fraud cases restrains the growth of the payments market.
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • PayPal
  • Square Inc.
  • Apple Inc
  • Amazon Payments
  • Flagship Merchant Services
  • GoCardless
  • Bitpay
  • Stripe
  • Payline Data
  • FIS
  • Bank Of America
  • Industry And Commercial Bank Of China
  • Citibank
  • JPMorgan Chase
  • Wells Fargo And Company
  • Capital One
  • ACI Worldwide
  • MasterCard
  • Fiserv
  • Visa
  • Alipay
  • American Express
  • Samsung Electronics
  • National Merchants
  • Google Pay
  • X-Payments
  • Braintree
  • First Data Corporation
  • Adyen
Note: Product cover images may vary from those shown

Loading
LOADING...