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Payment as a Service Market By Component, By Payment Method, By Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 427 Pages
  • September 2022
  • Region: Global
  • Allied Market Research
  • ID: 5713113
Payments as a Service (PaaS) is a marketing term for a software-as-a-service that links a number of different worldwide payment systems. The architecture is represented by an additional layer, or overlay, that sits on top of these various systems and enables two-way communication between the PaaS and the payment system. The PaaS providers standardized APIs control communication.

Rapid digitalization in payment processing industry and increased smartphone penetration & incorporation of online payment solutions are some of the important factors contributing toward the market growth. In addition, with rapid increase in e-commerce, consumers gradually opt for online purchase of goods & services. This, as a result promotes the demand for hassle-free payments, which drives the payment as a service market growth. However, lack of standardization for international transactions and privacy & security concern are some of the factors that hamper the market growth. On the contrary, in the developing economies, demand for niche, secured, & customized payment processing continue to rise, which accelerates the adoption of payment as a service in the market. Moreover, increased government support & initiatives toward payments industry and playing an active role in accelerating and encouraging growth of secured payment solutions has become one of the major factors expected to create an immense opportunity to the market in the upcoming years.

The payment as a service market is segmented into component, payment method, industry vertical, and region. On the basis of component, the market is differentiated into platform and service. The service segment is further bifurcated into professional services and managed services. The professional service segment is further segregated into system implementation & integration, support & maintenance and training & consulting. The payment method segment is segmented into cards, app/eWallet, automated clearing house (ACH) and others. The cards segment is further bifurcated into credit card and debit card. On the basis of industry vertical, it is fragmented into BFSI, IT & telecom, healthcare, retail & ecommerce, media & entertainment, government & utilities, travel & hospitality and others. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The payment as a service market analysis includes top companies operating in the market such as Aurus, Inc., Alpha Fintech, ACI Worldwide, Apple Inc., First Data (Fiserv, Inc.), Google, LLC, Ingenico, Mastercard, Paysafe, PayPal Holdings, Inc., Paystand, Pineapple payments (Fiserv, Inc.), VeriFone, Inc., Visa Inc., Valitor, PayU, and Obopay. These players have adopted various strategies to increase their market penetration and strengthen their position in the payment as a service industry.

KEY BENEFITS FOR STAKEHOLDERS

  • The study provides in-depth analysis of the global payment as a service market along with the current trends and future estimations to illustrate the imminent investment pockets.
  • Information about key drivers, restrains, & opportunities and their impact analysis on the global payment as a service market size are provided in the report.
  • The Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
  • The quantitative analysis of the global payment as a service market from 2021 to 2031 is provided to determine the market potential.

Key Market Segments

By Component

  • Platform
  • Service
  • Service
  • Professional Services
  • Managed Services

By Payment Method

  • Cards
  • Cards
  • Credit Card
  • Debit Card
  • App/eWallet
  • Automated Clearing House (ACH)
  • Others

By Industry Vertical

  • Healthcare
  • Retail and Ecommerce
  • Media and Entertainment
  • Government and Utilities
  • Travel and Hospitality
  • Others
  • BFSI
  • IT and Telecom

By Region

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • France
  • Italy
  • UK
  • Spain
  • Netherlands
  • Rest Of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Singapore
  • Rest Of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • ACI Worldwide, Inc.
  • Alipay.com
  • Amazon Payments, Inc.
  • American Express
  • Apple Inc.
  • Block, Inc.
  • FIS
  • Google
  • Ingenico
  • JPMorgan Chase & Co.
  • Mastercard
  • One97 Communications Limited
  • PayPal Holdings Inc.
  • Samsung
  • Visa Inc.
  • PayU
  • Obopay

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market

CHAPTER 4: PAYMENT AS A SERVICE MARKET, BY COMPONENT
4.1 Overview
4.1.1 Market size and forecast
4.2 Platform
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Service
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.3.4 Service Payment as a Service Market by Service
4.3.4.1 Professional Services Market size and forecast, by region
4.3.4.2 Professional Services Market size and forecast, by country
4.3.4.3 Managed Services Market size and forecast, by region
4.3.4.4 Managed Services Market size and forecast, by country

CHAPTER 5: PAYMENT AS A SERVICE MARKET, BY PAYMENT METHOD
5.1 Overview
5.1.1 Market size and forecast
5.2 Cards
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.2.4 Cards Payment as a Service Market by Cards
5.2.4.1 Credit Card Market size and forecast, by region
5.2.4.2 Credit Card Market size and forecast, by country
5.2.4.3 Debit Card Market size and forecast, by region
5.2.4.4 Debit Card Market size and forecast, by country
5.3 App/eWallet
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Automated Clearing House (ACH)
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Others
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country

CHAPTER 6: PAYMENT AS A SERVICE MARKET, BY INDUSTRY VERTICAL
6.1 Overview
6.1.1 Market size and forecast
6.2 BFSI
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 IT and Telecom
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Healthcare
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.5 Retail and Ecommerce
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market analysis by country
6.6 Media and Entertainment
6.6.1 Key market trends, growth factors and opportunities
6.6.2 Market size and forecast, by region
6.6.3 Market analysis by country
6.7 Government and Utilities
6.7.1 Key market trends, growth factors and opportunities
6.7.2 Market size and forecast, by region
6.7.3 Market analysis by country
6.8 Travel and Hospitality
6.8.1 Key market trends, growth factors and opportunities
6.8.2 Market size and forecast, by region
6.8.3 Market analysis by country
6.9 Others
6.9.1 Key market trends, growth factors and opportunities
6.9.2 Market size and forecast, by region
6.9.3 Market analysis by country

CHAPTER 7: PAYMENT AS A SERVICE MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Component
7.2.2.1 North America Service Payment as a Service Market by Service
7.2.3 North America Market size and forecast, by Payment Method
7.2.3.1 North America Cards Payment as a Service Market by Cards
7.2.4 North America Market size and forecast, by Industry Vertical
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Market size and forecast, by Component
7.2.5.1.1.1 U.S. Service Payment as a Service Market by Service
7.2.5.1.2 Market size and forecast, by Payment Method
7.2.5.1.2.1 U.S. Cards Payment as a Service Market by Cards
7.2.5.1.3 Market size and forecast, by Industry Vertical
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Component
7.2.5.2.1.1 Canada Service Payment as a Service Market by Service
7.2.5.2.2 Market size and forecast, by Payment Method
7.2.5.2.2.1 Canada Cards Payment as a Service Market by Cards
7.2.5.2.3 Market size and forecast, by Industry Vertical
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Component
7.3.2.1 Europe Service Payment as a Service Market by Service
7.3.3 Europe Market size and forecast, by Payment Method
7.3.3.1 Europe Cards Payment as a Service Market by Cards
7.3.4 Europe Market size and forecast, by Industry Vertical
7.3.5 Europe Market size and forecast, by country
7.3.5.1 UK
7.3.5.1.1 Market size and forecast, by Component
7.3.5.1.1.1 U.S.rvice Payment as a Service Market by Service
7.3.5.1.2 Market size and forecast, by Payment Method
7.3.5.1.2.1 UK Cards Payment as a Service Market by Cards
7.3.5.1.3 Market size and forecast, by Industry Vertical
7.3.5.2 Germany
7.3.5.2.1 Market size and forecast, by Component
7.3.5.2.1.1 Germany Service Payment as a Service Market by Service
7.3.5.2.2 Market size and forecast, by Payment Method
7.3.5.2.2.1 Germany Cards Payment as a Service Market by Cards
7.3.5.2.3 Market size and forecast, by Industry Vertical
7.3.5.3 France
7.3.5.3.1 Market size and forecast, by Component
7.3.5.3.1.1 France Service Payment as a Service Market by Service
7.3.5.3.2 Market size and forecast, by Payment Method
7.3.5.3.2.1 France Cards Payment as a Service Market by Cards
7.3.5.3.3 Market size and forecast, by Industry Vertical
7.3.5.4 Italy
7.3.5.4.1 Market size and forecast, by Component
7.3.5.4.1.1 Italy Service Payment as a Service Market by Service
7.3.5.4.2 Market size and forecast, by Payment Method
7.3.5.4.2.1 Italy Cards Payment as a Service Market by Cards
7.3.5.4.3 Market size and forecast, by Industry Vertical
7.3.5.5 Spain
7.3.5.5.1 Market size and forecast, by Component
7.3.5.5.1.1 Spain Service Payment as a Service Market by Service
7.3.5.5.2 Market size and forecast, by Payment Method
7.3.5.5.2.1 Spain Cards Payment as a Service Market by Cards
7.3.5.5.3 Market size and forecast, by Industry Vertical
7.3.5.6 Netherlands
7.3.5.6.1 Market size and forecast, by Component
7.3.5.6.1.1 Netherlands Service Payment as a Service Market by Service
7.3.5.6.2 Market size and forecast, by Payment Method
7.3.5.6.2.1 Netherlands Cards Payment as a Service Market by Cards
7.3.5.6.3 Market size and forecast, by Industry Vertical
7.3.5.7 Rest of Europe
7.3.5.7.1 Market size and forecast, by Component
7.3.5.7.1.1 Rest of Europe Service Payment as a Service Market by Service
7.3.5.7.2 Market size and forecast, by Payment Method
7.3.5.7.2.1 Rest of Europe Cards Payment as a Service Market by Cards
7.3.5.7.3 Market size and forecast, by Industry Vertical
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Component
7.4.2.1 Asia-Pacific Service Payment as a Service Market by Service
7.4.3 Asia-Pacific Market size and forecast, by Payment Method
7.4.3.1 Asia-Pacific Cards Payment as a Service Market by Cards
7.4.4 Asia-Pacific Market size and forecast, by Industry Vertical
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Component
7.4.5.1.1.1 China Service Payment as a Service Market by Service
7.4.5.1.2 Market size and forecast, by Payment Method
7.4.5.1.2.1 China Cards Payment as a Service Market by Cards
7.4.5.1.3 Market size and forecast, by Industry Vertical
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by Component
7.4.5.2.1.1 Japan Service Payment as a Service Market by Service
7.4.5.2.2 Market size and forecast, by Payment Method
7.4.5.2.2.1 Japan Cards Payment as a Service Market by Cards
7.4.5.2.3 Market size and forecast, by Industry Vertical
7.4.5.3 India
7.4.5.3.1 Market size and forecast, by Component
7.4.5.3.1.1 India Service Payment as a Service Market by Service
7.4.5.3.2 Market size and forecast, by Payment Method
7.4.5.3.2.1 India Cards Payment as a Service Market by Cards
7.4.5.3.3 Market size and forecast, by Industry Vertical
7.4.5.4 Australia
7.4.5.4.1 Market size and forecast, by Component
7.4.5.4.1.1 Australia Service Payment as a Service Market by Service
7.4.5.4.2 Market size and forecast, by Payment Method
7.4.5.4.2.1 Australia Cards Payment as a Service Market by Cards
7.4.5.4.3 Market size and forecast, by Industry Vertical
7.4.5.5 South Korea
7.4.5.5.1 Market size and forecast, by Component
7.4.5.5.1.1 South Korea Service Payment as a Service Market by Service
7.4.5.5.2 Market size and forecast, by Payment Method
7.4.5.5.2.1 South Korea Cards Payment as a Service Market by Cards
7.4.5.5.3 Market size and forecast, by Industry Vertical
7.4.5.6 Singapore
7.4.5.6.1 Market size and forecast, by Component
7.4.5.6.1.1 Singapore Service Payment as a Service Market by Service
7.4.5.6.2 Market size and forecast, by Payment Method
7.4.5.6.2.1 Singapore Cards Payment as a Service Market by Cards
7.4.5.6.3 Market size and forecast, by Industry Vertical
7.4.5.7 Rest of Asia-Pacific
7.4.5.7.1 Market size and forecast, by Component
7.4.5.7.1.1 Rest of Asia-Pacific Service Payment as a Service Market by Service
7.4.5.7.2 Market size and forecast, by Payment Method
7.4.5.7.2.1 Rest of Asia-Pacific Cards Payment as a Service Market by Cards
7.4.5.7.3 Market size and forecast, by Industry Vertical
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Component
7.5.2.1 LAMEA Service Payment as a Service Market by Service
7.5.3 LAMEA Market size and forecast, by Payment Method
7.5.3.1 LAMEA Cards Payment as a Service Market by Cards
7.5.4 LAMEA Market size and forecast, by Industry Vertical
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Market size and forecast, by Component
7.5.5.1.1.1 Latin America Service Payment as a Service Market by Service
7.5.5.1.2 Market size and forecast, by Payment Method
7.5.5.1.2.1 Latin America Cards Payment as a Service Market by Cards
7.5.5.1.3 Market size and forecast, by Industry Vertical
7.5.5.2 Middle East
7.5.5.2.1 Market size and forecast, by Component
7.5.5.2.1.1 Middle East Service Payment as a Service Market by Service
7.5.5.2.2 Market size and forecast, by Payment Method
7.5.5.2.2.1 Middle East Cards Payment as a Service Market by Cards
7.5.5.2.3 Market size and forecast, by Industry Vertical
7.5.5.3 Africa
7.5.5.3.1 Market size and forecast, by Component
7.5.5.3.1.1 Africa Service Payment as a Service Market by Service
7.5.5.3.2 Market size and forecast, by Payment Method
7.5.5.3.2.1 Africa Cards Payment as a Service Market by Cards
7.5.5.3.3 Market size and forecast, by Industry Vertical

CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments

CHAPTER 9: COMPANY PROFILES
9.1 ACI Worldwide, Inc.
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Alipay. com
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Amazon Payments, Inc.
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 American Express
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Apple Inc.
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Block, Inc.
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 FIS
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Google
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Ingenico
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 JPMorgan Chase & Co.
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
9.11 Mastercard
9.11.1 Company overview
9.11.2 Company snapshot
9.11.3 Operating business segments
9.11.4 Product portfolio
9.11.5 Business performance
9.11.6 Key strategic moves and developments
9.12 One97 Communications Limited
9.12.1 Company overview
9.12.2 Company snapshot
9.12.3 Operating business segments
9.12.4 Product portfolio
9.12.5 Business performance
9.12.6 Key strategic moves and developments
9.13 PayPal Holdings Inc.
9.13.1 Company overview
9.13.2 Company snapshot
9.13.3 Operating business segments
9.13.4 Product portfolio
9.13.5 Business performance
9.13.6 Key strategic moves and developments
9.14 Samsung
9.14.1 Company overview
9.14.2 Company snapshot
9.14.3 Operating business segments
9.14.4 Product portfolio
9.14.5 Business performance
9.14.6 Key strategic moves and developments
9.15 Visa Inc.
9.15.1 Company overview
9.15.2 Company snapshot
9.15.3 Operating business segments
9.15.4 Product portfolio
9.15.5 Business performance
9.15.6 Key strategic moves and developments
9.16 PayU
9.16.1 Company overview
9.16.2 Company snapshot
9.16.3 Operating business segments
9.16.4 Product portfolio
9.16.5 Business performance
9.16.6 Key strategic moves and developments
9.17 Obopay
9.17.1 Company overview
9.17.2 Company snapshot
9.17.3 Operating business segments
9.17.4 Product portfolio
9.17.5 Business performance
9.17.6 Key strategic moves and developments

List of Tables
Table 1. Global Payment as a Service Market, by Component, 2021-2031 ($Million)
Table 2. Payment as a Service Market, for Platform, by Region, 2021-2031 ($Million)
Table 3. Payment as a Service Market for Platform, by Country, 2021-2031 ($Million)
Table 4. Payment as a Service Market, for Service, by Region, 2021-2031 ($Million)
Table 5. Payment as a Service Market for Service, by Country, 2021-2031 ($Million)
Table 6. Global Service Payment as a Service Market, by Service, 2021-2031 ($Million)
Table 7. Payment as a Service Market, for Professional Services, by Region, 2021-2031 ($Million)
Table 8. Payment as a Service Market, for Professional Services, by Country, 2021-2031 ($Million)
Table 9. Payment as a Service Market, for Managed Services, by Region, 2021-2031 ($Million)
Table 10. Payment as a Service Market, for Managed Services, by Country, 2021-2031 ($Million)
Table 11. Global Payment as a Service Market, by Payment Method, 2021-2031 ($Million)
Table 12. Payment as a Service Market, for Cards, by Region, 2021-2031 ($Million)
Table 13. Payment as a Service Market for Cards, by Country, 2021-2031 ($Million)
Table 14. Global Cards Payment as a Service Market, by Cards, 2021-2031 ($Million)
Table 15. Payment as a Service Market, for Credit Card, by Region, 2021-2031 ($Million)
Table 16. Payment as a Service Market, for Credit Card, by Country, 2021-2031 ($Million)
Table 17. Payment as a Service Market, for Debit Card, by Region, 2021-2031 ($Million)
Table 18. Payment as a Service Market, for Debit Card, by Country, 2021-2031 ($Million)
Table 19. Payment as a Service Market, for App/Ewallet, by Region, 2021-2031 ($Million)
Table 20. Payment as a Service Market for App/Ewallet, by Country, 2021-2031 ($Million)
Table 21. Payment as a Service Market, for Automated Clearing House (Ach), by Region, 2021-2031 ($Million)
Table 22. Payment as a Service Market for Automated Clearing House (Ach), by Country, 2021-2031 ($Million)
Table 23. Payment as a Service Market, for Others, by Region, 2021-2031 ($Million)
Table 24. Payment as a Service Market for Others, by Country, 2021-2031 ($Million)
Table 25. Global Payment as a Service Market, by Industry Vertical, 2021-2031 ($Million)
Table 26. Payment as a Service Market, for Bfsi, by Region, 2021-2031 ($Million)
Table 27. Payment as a Service Market for Bfsi, by Country, 2021-2031 ($Million)
Table 28. Payment as a Service Market, for IT and Telecom, by Region, 2021-2031 ($Million)
Table 29. Payment as a Service Market for IT and Telecom, by Country, 2021-2031 ($Million)
Table 30. Payment as a Service Market, for Healthcare, by Region, 2021-2031 ($Million)
Table 31. Payment as a Service Market for Healthcare, by Country, 2021-2031 ($Million)
Table 32. Payment as a Service Market, for Retail and Ecommerce, by Region, 2021-2031 ($Million)
Table 33. Payment as a Service Market for Retail and Ecommerce, by Country, 2021-2031 ($Million)
Table 34. Payment as a Service Market, for Media and Entertainment, by Region, 2021-2031 ($Million)
Table 35. Payment as a Service Market for Media and Entertainment, by Country, 2021-2031 ($Million)
Table 36. Payment as a Service Market, for Government and Utilities, by Region, 2021-2031 ($Million)
Table 37. Payment as a Service Market for Government and Utilities, by Country, 2021-2031 ($Million)
Table 38. Payment as a Service Market, for Travel and Hospitality, by Region, 2021-2031 ($Million)
Table 39. Payment as a Service Market for Travel and Hospitality, by Country, 2021-2031 ($Million)
Table 40. Payment as a Service Market, for Others, by Region, 2021-2031 ($Million)
Table 41. Payment as a Service Market for Others, by Country, 2021-2031 ($Million)
Table 42. Payment as a Service Market, by Region, 2021-2031 ($Million)
Table 43. North America Payment as a Service Market, by Component, 2021-2031 ($Million)
Table 44. North America Service Payment as a Service Market, by Service, 2021-2031 ($Million)
Table 45. North America Payment as a Service Market, by Payment Method, 2021-2031 ($Million)
Table 46. North America Cards Payment as a Service Market, by Cards, 2021-2031 ($Million)
Table 47. North America Payment as a Service Market, by Industry Vertical, 2021-2031 ($Million)
Table 48. North America Payment as a Service Market, by Country, 2021-2031 ($Million)
Table 49. U.S. Payment as a Service Market, by Component, 2021-2031 ($Million)
Table 50. U.S. Service Payment as a Service Market, by Service, 2021-2031 ($Million)
Table 51. U.S. Payment as a Service Market, by Payment Method, 2021-2031 ($Million)
Table 52. U.S. Cards Payment as a Service Market, by Cards, 2021-2031 ($Million)
Table 53. U.S. Payment as a Service Market, by Industry Vertical, 2021-2031 ($Million)
Table 54. Canada Payment as a Service Market, by Component, 2021-2031 ($Million)
Table 55. Canada Service Payment as a Service Market, by Service, 2021-2031 ($Million)
Table 56. Canada Payment as a Service Market, by Payment Method, 2021-2031 ($Million)
Table 57. Canada Cards Payment as a Service Market, by Cards, 2021-2031 ($Million)
Table 58. Canada Payment as a Service Market, by Industry Vertical, 2021-2031 ($Million)
Table 59. Europe Payment as a Service Market, by Component, 2021-2031 ($Million)
Table 60. Europe Service Payment as a Service Market, by Service, 2021-2031 ($Million)
Table 61. Europe Payment as a Service Market, by Payment Method, 2021-2031 ($Million)
Table 62. Europe Cards Payment as a Service Market, by Cards, 2021-2031 ($Million)
Table 63. Europe Payment as a Service Market, by Industry Vertical, 2021-2031 ($Million)
Table 64. Europe Payment as a Service Market, by Country, 2021-2031 ($Million)
Table 65. UK Payment as a Service Market, by Component, 2021-2031 ($Million)
Table 66. U.S.rvice Payment as a Service Market, by Service, 2021-2031 ($Million)
Table 67. UK Payment as a Service Market, by Payment Method, 2021-2031 ($Million)
Table 68. UK Cards Payment as a Service Market, by Cards, 2021-2031 ($Million)
Table 69. UK Payment as a Service Market, by Industry Vertical, 2021-2031 ($Million)
Table 70. Germany Payment as a Service Market, by Component, 2021-2031 ($Million)
Table 71. Germany Service Payment as a Service Market, by Service, 2021-2031 ($Million)
Table 72. Germany Payment as a Service Market, by Payment Method, 2021-2031 ($Million)
Table 73. Germany Cards Payment as a Service Market, by Cards, 2021-2031 ($Million)
Table 74. Germany Payment as a Service Market, by Industry Vertical, 2021-2031 ($Million)
Table 75. France Payment as a Service Market, by Component, 2021-2031 ($Million)
Table 76. France Service Payment as a Service Market, by Service, 2021-2031 ($Million)
Table 77. France Payment as a Service Market, by Payment Method, 2021-2031 ($Million)
Table 78. France Cards Payment as a Service Market, by Cards, 2021-2031 ($Million)
Table 79. France Payment as a Service Market, by Industry Vertical, 2021-2031 ($Million)
Table 80. Italy Payment as a Service Market, by Component, 2021-2031 ($Million)
Table 81. Italy Service Payment as a Service Market, by Service, 2021-2031 ($Million)
Table 82. Italy Payment as a Service Market, by Payment Method, 2021-2031 ($Million)
Table 83. Italy Cards Payment as a Service Market, by Cards, 2021-2031 ($Million)
Table 84. Italy Payment as a Service Market, by Industry Vertical, 2021-2031 ($Million)
Table 85. Spain Payment as a Service Market, by Component, 2021-2031 ($Million)
Table 86. Spain Service Payment as a Service Market, by Service, 2021-2031 ($Million)
Table 87. Spain Payment as a Service Market, by Payment Method, 2021-2031 ($Million)
Table 88. Spain Cards Payment as a Service Market, by Cards, 2021-2031 ($Million)
Table 89. Spain Payment as a Service Market, by Industry Vertical, 2021-2031 ($Million)
Table 90. Netherlands Payment as a Service Market, by Component, 2021-2031 ($Million)
Table 91. Netherlands Service Payment as a Service Market, by Service, 2021-2031 ($Million)
Table 92. Netherlands Payment as a Service Market, by Payment Method, 2021-2031 ($Million)
Table 93. Netherlands Cards Payment as a Service Market, by Cards, 2021-2031 ($Million)
Table 94. Netherlands Payment as a Service Market, by Industry Vertical, 2021-2031 ($Million)
Table 95. Rest of Europe Payment as a Service Market, by Component, 2021-2031 ($Million)
Table 96. Rest of Europe Service Payment as a Service Market, by Service, 2021-2031 ($Million)
Table 97. Rest of Europe Payment as a Service Market, by Payment Method, 2021-2031 ($Million)
Table 98. Rest of Europe Cards Payment as a Service Market, by Cards, 2021-2031 ($Million)
Table 99. Rest of Europe Payment as a Service Market, by Industry Vertical, 2021-2031 ($Million)
Table 100. Asia-Pacific Payment as a Service Market, by Component, 2021-2031 ($Million)
Table 101. Asia-Pacific Service Payment as a Service Market, by Service, 2021-2031 ($Million)
Table 102. Asia-Pacific Payment as a Service Market, by Payment Method, 2021-2031 ($Million)
Table 103. Asia-Pacific Cards Payment as a Service Market, by Cards, 2021-2031 ($Million)
Table 104. Asia-Pacific Payment as a Service Market, by Industry Vertical, 2021-2031 ($Million)
Table 105. Asia-Pacific Payment as a Service Market, by Country, 2021-2031 ($Million)
Table 106. China Payment as a Service Market, by Component, 2021-2031 ($Million)
Table 107. China Service Payment as a Service Market, by Service, 2021-2031 ($Million)
Table 108. China Payment as a Service Market, by Payment Method, 2021-2031 ($Million)
Table 109. China Cards Payment as a Service Market, by Cards, 2021-2031 ($Million)
Table 110. China Payment as a Service Market, by Industry Vertical, 2021-2031 ($Million)
Table 111. Japan Payment as a Service Market, by Component, 2021-2031 ($Million)
Table 112. Japan Service Payment as a Service Market, by Service, 2021-2031 ($Million)
Table 113. Japan Payment as a Service Market, by Payment Method, 2021-2031 ($Million)
Table 114. Japan Cards Payment as a Service Market, by Cards, 2021-2031 ($Million)
Table 115. Japan Payment as a Service Market, by Industry Vertical, 2021-2031 ($Million)
Table 116. India Payment as a Service Market, by Component, 2021-2031 ($Million)
Table 117. India Service Payment as a Service Market, by Service, 2021-2031 ($Million)
Table 118. India Payment as a Service Market, by Payment Method, 2021-2031 ($Million)
Table 119. India Cards Payment as a Service Market, by Cards, 2021-2031 ($Million)
Table 120. India Payment as a Service Market, by Industry Vertical, 2021-2031 ($Million)
Table 121. Australia Payment as a Service Market, by Component, 2021-2031 ($Million)
Table 122. Australia Service Payment as a Service Market, by Service, 2021-2031 ($Million)
Table 123. Australia Payment as a Service Market, by Payment Method, 2021-2031 ($Million)
Table 124. Australia Cards Payment as a Service Market, by Cards, 2021-2031 ($Million)
Table 125. Australia Payment as a Service Market, by Industry Vertical, 2021-2031 ($Million)
Table 126. South Korea Payment as a Service Market, by Component, 2021-2031 ($Million)
Table 127. South Korea Service Payment as a Service Market, by Service, 2021-2031 ($Million)
Table 128. South Korea Payment as a Service Market, by Payment Method, 2021-2031 ($Million)
Table 129. South Korea Cards Payment as a Service Market, by Cards, 2021-2031 ($Million)
Table 130. South Korea Payment as a Service Market, by Industry Vertical, 2021-2031 ($Million)
Table 131. Singapore Payment as a Service Market, by Component, 2021-2031 ($Million)
Table 132. Singapore Service Payment as a Service Market, by Service, 2021-2031 ($Million)
Table 133. Singapore Payment as a Service Market, by Payment Method, 2021-2031 ($Million)
Table 134. Singapore Cards Payment as a Service Market, by Cards, 2021-2031 ($Million)
Table 135. Singapore Payment as a Service Market, by Industry Vertical, 2021-2031 ($Million)
Table 136. Rest of Asia-Pacific Payment as a Service Market, by Component, 2021-2031 ($Million)
Table 137. Rest of Asia-Pacific Service Payment as a Service Market, by Service, 2021-2031 ($Million)
Table 138. Rest of Asia-Pacific Payment as a Service Market, by Payment Method, 2021-2031 ($Million)
Table 139. Rest of Asia-Pacific Cards Payment as a Service Market, by Cards, 2021-2031 ($Million)
Table 140. Rest of Asia-Pacific Payment as a Service Market, by Industry Vertical, 2021-2031 ($Million)
Table 141. LAMEA Payment as a Service Market, by Component, 2021-2031 ($Million)
Table 142. LAMEA Service Payment as a Service Market, by Service, 2021-2031 ($Million)
Table 143. LAMEA Payment as a Service Market, by Payment Method, 2021-2031 ($Million)
Table 144. LAMEA Cards Payment as a Service Market, by Cards, 2021-2031 ($Million)
Table 145. LAMEA Payment as a Service Market, by Industry Vertical, 2021-2031 ($Million)
Table 146. LAMEA Payment as a Service Market, by Country, 2021-2031 ($Million)
Table 147. Latin America Payment as a Service Market, by Component, 2021-2031 ($Million)
Table 148. Latin America Service Payment as a Service Market, by Service, 2021-2031 ($Million)
Table 149. Latin America Payment as a Service Market, by Payment Method, 2021-2031 ($Million)
Table 150. Latin America Cards Payment as a Service Market, by Cards, 2021-2031 ($Million)
Table 151. Latin America Payment as a Service Market, by Industry Vertical, 2021-2031 ($Million)
Table 152. Middle East Payment as a Service Market, by Component, 2021-2031 ($Million)
Table 153. Middle East Service Payment as a Service Market, by Service, 2021-2031 ($Million)
Table 154. Middle East Payment as a Service Market, by Payment Method, 2021-2031 ($Million)
Table 155. Middle East Cards Payment as a Service Market, by Cards, 2021-2031 ($Million)
Table 156. Middle East Payment as a Service Market, by Industry Vertical, 2021-2031 ($Million)
Table 157. Africa Payment as a Service Market, by Component, 2021-2031 ($Million)
Table 158. Africa Service Payment as a Service Market, by Service, 2021-2031 ($Million)
Table 159. Africa Payment as a Service Market, by Payment Method, 2021-2031 ($Million)
Table 160. Africa Cards Payment as a Service Market, by Cards, 2021-2031 ($Million)
Table 161. Africa Payment as a Service Market, by Industry Vertical, 2021-2031 ($Million)
Table 162. Aci Worldwide, Inc.: Company Snapshot
Table 163. Aci Worldwide, Inc.: Operating Segments
Table 164. Aci Worldwide, Inc.: Product Portfolio
Table 165. Aci Worldwide, Inc.: Net Sales
Table 166. Aci Worldwide, Inc.: Key Strategies
Table 167. Alipay. Com: Company Snapshot
Table 168. Alipay. Com: Operating Segments
Table 169. Alipay. Com: Product Portfolio
Table 170. Alipay. Com: Net Sales
Table 171. Alipay. Com: Key Strategies
Table 172. Amazon Payments, Inc.: Company Snapshot
Table 173. Amazon Payments, Inc.: Operating Segments
Table 174. Amazon Payments, Inc.: Product Portfolio
Table 175. Amazon Payments, Inc.: Net Sales
Table 176. Amazon Payments, Inc.: Key Strategies
Table 177. American Express: Company Snapshot
Table 178. American Express: Operating Segments
Table 179. American Express: Product Portfolio
Table 180. American Express: Net Sales
Table 181. American Express: Key Strategies
Table 182. Apple Inc.: Company Snapshot
Table 183. Apple Inc.: Operating Segments
Table 184. Apple Inc.: Product Portfolio
Table 185. Apple Inc.: Net Sales
Table 186. Apple Inc.: Key Strategies
Table 187. Block, Inc.: Company Snapshot
Table 188. Block, Inc.: Operating Segments
Table 189. Block, Inc.: Product Portfolio
Table 190. Block, Inc.: Net Sales
Table 191. Block, Inc.: Key Strategies
Table 192. Fis: Company Snapshot
Table 193. Fis: Operating Segments
Table 194. Fis: Product Portfolio
Table 195. Fis: Net Sales
Table 196. Fis: Key Strategies
Table 197. Google: Company Snapshot
Table 198. Google: Operating Segments
Table 199. Google: Product Portfolio
Table 200. Google: Net Sales
Table 201. Google: Key Strategies
Table 202. Ingenico: Company Snapshot
Table 203. Ingenico: Operating Segments
Table 204. Ingenico: Product Portfolio
Table 205. Ingenico: Net Sales
Table 206. Ingenico: Key Strategies
Table 207. Jpmorgan Chase & Co.: Company Snapshot
Table 208. Jpmorgan Chase & Co.: Operating Segments
Table 209. Jpmorgan Chase & Co.: Product Portfolio
Table 210. Jpmorgan Chase & Co.: Net Sales
Table 211. Jpmorgan Chase & Co.: Key Strategies
Table 212. Mastercard: Company Snapshot
Table 213. Mastercard: Operating Segments
Table 214. Mastercard: Product Portfolio
Table 215. Mastercard: Net Sales
Table 216. Mastercard: Key Strategies
Table 217. One97 Communications Limited: Company Snapshot
Table 218. One97 Communications Limited: Operating Segments
Table 219. One97 Communications Limited: Product Portfolio
Table 220. One97 Communications Limited: Net Sales
Table 221. One97 Communications Limited: Key Strategies
Table 222. Paypal Holdings Inc.: Company Snapshot
Table 223. Paypal Holdings Inc.: Operating Segments
Table 224. Paypal Holdings Inc.: Product Portfolio
Table 225. Paypal Holdings Inc.: Net Sales
Table 226. Paypal Holdings Inc.: Key Strategies
Table 227. Samsung: Company Snapshot
Table 228. Samsung: Operating Segments
Table 229. Samsung: Product Portfolio
Table 230. Samsung: Net Sales
Table 231. Samsung: Key Strategies
Table 232. Visa Inc.: Company Snapshot
Table 233. Visa Inc.: Operating Segments
Table 234. Visa Inc.: Product Portfolio
Table 235. Visa Inc.: Net Sales
Table 236. Visa Inc.: Key Strategies
Table 237. Payu: Company Snapshot
Table 238. Payu: Operating Segments
Table 239. Payu: Product Portfolio
Table 240. Payu: Net Sales
Table 241. Payu: Key Strategies
Table 242. Obopay: Company Snapshot
Table 243. Obopay: Operating Segments
Table 244. Obopay: Product Portfolio
Table 245. Obopay: Net Sales
Table 246. Obopay: Key Strategies

List of Figures
Figure 1. Payment as a Service Market Segmentation
Figure 2. Payment as a Service Market, 2021-2031
Figure 3. Payment as a Service Market, 2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Payment as a Service Mark.:Drivers, Restraints and Opportunities
Figure 12. Payment as a Service Market, By Component, 2021(%)
Figure 13. Comparative Share Analysis of Platform Payment as a Service Market, 2021-2031(%)
Figure 14. Comparative Share Analysis of Service Payment as a Service Market, 2021-2031(%)
Figure 15. Payment as a Service Market, By Payment Method, 2021(%)
Figure 16. Comparative Share Analysis of Cards Payment as a Service Market, 2021-2031(%)
Figure 17. Comparative Share Analysis of App/Ewallet Payment as a Service Market, 2021-2031(%)
Figure 18. Comparative Share Analysis of Automated Clearing House (Ach) Payment as a Service Market, 2021-2031(%)
Figure 19. Comparative Share Analysis of Others Payment as a Service Market, 2021-2031(%)
Figure 20. Payment as a Service Market, By Industry Vertical, 2021(%)
Figure 21. Comparative Share Analysis of Bfsi Payment as a Service Market, 2021-2031(%)
Figure 22. Comparative Share Analysis of It and Telecom Payment as a Service Market, 2021-2031(%)
Figure 23. Comparative Share Analysis of Healthcare Payment as a Service Market, 2021-2031(%)
Figure 24. Comparative Share Analysis of Retail and Ecommerce Payment as a Service Market, 2021-2031(%)
Figure 25. Comparative Share Analysis of Media and Entertainment Payment as a Service Market, 2021-2031(%)
Figure 26. Comparative Share Analysis of Government and Utilities Payment as a Service Market, 2021-2031(%)
Figure 27. Comparative Share Analysis of Travel and Hospitality Payment as a Service Market, 2021-2031(%)
Figure 28. Comparative Share Analysis of Others Payment as a Service Market, 2021-2031(%)
Figure 29. Payment as a Service Market by Region, 2021
Figure 30. U.S. Payment as a Service Market, 2021-2031($Million)
Figure 31. Canada Payment as a Service Market, 2021-2031($Million)
Figure 32. Uk Payment as a Service Market, 2021-2031($Million)
Figure 33. Germany Payment as a Service Market, 2021-2031($Million)
Figure 34. France Payment as a Service Market, 2021-2031($Million)
Figure 35. Italy Payment as a Service Market, 2021-2031($Million)
Figure 36. Spain Payment as a Service Market, 2021-2031($Million)
Figure 37. Netherlands Payment as a Service Market, 2021-2031($Million)
Figure 38. Rest of Europe Payment as a Service Market, 2021-2031($Million)
Figure 39. China Payment as a Service Market, 2021-2031($Million)
Figure 40. Japan Payment as a Service Market, 2021-2031($Million)
Figure 41. India Payment as a Service Market, 2021-2031($Million)
Figure 42. Australia Payment as a Service Market, 2021-2031($Million)
Figure 43. South Korea Payment as a Service Market, 2021-2031($Million)
Figure 44. Singapore Payment as a Service Market, 2021-2031($Million)
Figure 45. Rest of Asia-Pacific Payment as a Service Market, 2021-2031($Million)
Figure 46. Latin America Payment as a Service Market, 2021-2031($Million)
Figure 47. Middle East Payment as a Service Market, 2021-2031($Million)
Figure 48. Africa Payment as a Service Market, 2021-2031($Million)
Figure 49. Top Winning Strategies, by Year
Figure 50. Top Winning Strategies, by Development
Figure 51. Top Winning Strategies, by Company
Figure 52. Product Mapping of Top 10 Players
Figure 53. Competitive Dashboard
Figure 54. Competitive Heatmap of Top 10 Key Players
Figure 55. Aci Worldwide, Inc.: Net Sales, ($Million)
Figure 56. Alipay.Co.: Net Sales, ($Million)
Figure 57. Amazon Payments, Inc.: Net Sales, ($Million)
Figure 58. American Expres.: Net Sales, ($Million)
Figure 59. Apple Inc.: Net Sales, ($Million)
Figure 60. Block, Inc.: Net Sales, ($Million)
Figure 61. Fi.: Net Sales, ($Million)
Figure 62. Googl.: Net Sales, ($Million)
Figure 63. Ingenic.: Net Sales, ($Million)
Figure 64. Jpmorgan Chase & Co.: Net Sales, ($Million)
Figure 65. Mastercar.: Net Sales, ($Million)
Figure 66. One97 Communications Limite.: Net Sales, ($Million)
Figure 67. Paypal Holdings Inc.: Net Sales, ($Million)
Figure 68. Samsun.: Net Sales, ($Million)
Figure 69. Visa Inc.: Net Sales, ($Million)
Figure 70. Pay.: Net Sales, ($Million)
Figure 71. Obopa.: Net Sales, ($Million)

Executive Summary

According to the report, “Payment as a Service Market," the payment as a service market was valued at $8 billion in 2021, and is estimated to reach $53.6 billion by 2031, growing at a CAGR of 21.4% from 2022 to 2031.

Payment as a service providing companies are increasingly designing next-generation solutions for consumer and enterprise-oriented services. Moreover, government agencies also demand for a need to shift toward modern payment tools and techniques. The payment services companies integrate several emerging technologies such as Europay, Mastercard and Visa cards (EMV), blockchain, near field communication (NFC), and integrates Payment Card Industry Data Security Standard (PCI DSS) compliance to maintain a secured payment environment.

Factors such as increased smartphone penetration & incorporation of online payment services, rise in e-commerce sales, and increase in reliance on cloud technologies propel the payment as a service market growth. In addition, support & initiatives of the government toward payment as a service market and untapped potential of emerging economies are expected to provide lucrative opportunities for the payment as a service market in the coming years. Moreover, the global payment as a service market is in its developing phase, and exhibits high growth potential, due to rise in need for operational efficiency & transparency during transactions and surge in demand for customized digitalized payment options globally. For instance, according to a study conducted by Mastercard in 2020, about 95% of South African consumers consider using at least one emerging payment method, such as contactless, mobile payments, cryptocurrency, or QR code in the next year.

On the basis of payment method, the cards segment acquired major share. This is attributed to the fact that card payment services provide convenient payment options for customers along with security. In addition, it offers a range of payment solutions to help merchants for analyzing customer behavior & metrics.

On the basis of region, North America dominated the payment as a service market share in 2021 during the forecast period. This is attributed to growth in technology adoption in the payment industry and rise in online transactions.

The demand for payment as a service has increased considerably during the COVID-19 pandemic. This is attributed to increased familiarity toward digital payments among consumers and initiatives by governing bodies across the globe to curb the spread of virus by initiating various policies for conducting payments. Moreover, payment as a service method is expected to be intact by economic downturn and is anticipated to remain high during the forecast period. These factors, thus promote the growth of the payment as a service industry during the pandemic situation.

Key Findings of the Study

  • By industry vertical, the BFSI segment led the highest payment as a service market share, in terms of revenue in 2021.
  • By payment method, the app/eWallet segment is expected to exhibit the fastest growth rate during the payment as a service market forecast period.
  • Region wise, North America generated the highest revenue in 2021 in payment as a service market size.
  • The key players operating in the payment as a service market analysis include Aurus, Inc., Alpha Fintech, ACI Worldwide, Apple Inc., First Data (Fiserv, Inc.), Google, LLC, Ingenico, Mastercard, Paysafe, PayPal Holdings, Inc., Paystand, Pineapple payments (Fiserv, Inc.), VeriFone, Inc., Visa Inc., Valitor, PayU, and Obopay. These players have adopted various strategies to increase their market penetration and strengthen their position in the payment as a service industry.

Companies Mentioned

  • ACI Worldwide, Inc.
  • Alipay.com
  • Amazon Payments, Inc.
  • American Express
  • Apple Inc.
  • Block, Inc.
  • FIS
  • Google
  • Ingenico
  • JPMorgan Chase & Co.
  • Mastercard
  • One97 Communications Limited
  • PayPal Holdings Inc.
  • Samsung
  • Visa Inc.
  • PayU
  • Obopay

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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