Electronic Payment Processing Market Report 2025

The electronic payment processing market size has grown rapidly in recent years. It will grow from $100.73 billion in 2024 to $112.36 billion in 2025 at a compound annual growth rate (CAGR) of 11.5%. Growth in the historic period was driven by the expansion of internet and smartphone penetration, rising demand for convenient cashless transactions, the emergence of global e-commerce platforms, stronger government support for digital payment ecosystems, and the growing need for secure and efficient financial transactions.

The credit score tracking service market size is expected to see rapid growth in the next few years. It will grow to $171.71 billion in 2029 at a compound annual growth rate (CAGR) of 11.2%. Growth in the forecast period is expected to be supported by the increasing use of biometric authentication in digital payments, wider adoption of blockchain for cross-border transactions, the rise of subscription-based and recurring payment models, growing merchant use of payment orchestration platforms, and greater integration of open banking APIs in fintech solutions. Key trends projected for this period include advancements in real-time payment technologies, the development of AI-powered fraud prevention systems, innovations in biometric and token-based authentication, progress in payment orchestration and routing platforms, and the emergence of blockchain-enabled cross-border payment solutions.

The growing preference for cashless transactions is expected to drive the expansion of the electronic payment processing market in the coming years. Cashless transactions involve making payments without physical currency, using digital options such as cards, mobile wallets, QR codes, or online banking. This preference is increasing because of the convenience of instant and hassle-free payments that allow users to complete transactions quickly without handling cash. Electronic payment processing enables these cashless transactions by providing secure and real-time digital payments through multiple platforms, improving speed, convenience, and financial accessibility. For example, in January 2024, the European Central Bank reported that contactless card payments grew by 24.3% to 20.9 billion in 2023 compared to the previous year. This trend highlights how the shift toward cashless payments is fueling growth in the electronic payment processing market.

Companies in the electronic payment processing market are increasingly developing advanced solutions such as biometric authentication to strengthen transaction security and improve the user experience. Biometric authentication platforms verify identity using unique biological traits such as fingerprints, facial features, iris scans, voice, or behavioral patterns. For instance, in August 2024, Mastercard Inc., a US-based payments technology company, introduced a payment passkey service that simplifies and secures both online and card transactions. The service uses biometric verification, enabling users to authorize payments with a fingerprint or facial recognition instead of entering passwords. This innovation is designed to minimize fraud, reduce checkout delays, and deliver a faster and safer digital payment process.

In January 2024, Visa Inc., a US-based payment solutions company, completed the acquisition of Pismo Soluções Tecnológicas Limitada (Pismo) for an undisclosed amount. This move allows Visa to integrate Pismo’s cloud-native issuer processing and core banking platform, enhancing its range of banking and payment solutions. Pismo, based in Brazil, specializes in providing electronic payment processing platforms. The acquisition strengthens Visa’s technological capabilities and supports its efforts to deliver more scalable and innovative payment services globally.

Major players in the electronic payment processing market are Amazon.com Inc., Apple Inc., JPMorgan Chase & Co., Samsung Electronics Co. Ltd., HSBC Holdings plc, Alibaba Group Holding Limited, Wells Fargo & Company, American Express Company, Barclays PLC, Visa Inc., PayPal Holdings Inc., Mastercard Incorporated, Fiserv Inc., Stripe Inc., Global Payments Inc., Adyen N.V., Block Inc., Worldline SA, Revolut Ltd, Payoneer Inc., Checkout Ltd, PayU Global B.V., Rapyd Financial Network Ltd., Airwallex Pty Ltd, Nium Pte. Ltd.

North America was the largest region in the electronic payment processing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in electronic payment processing report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the electronic payment processing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the financial sector, particularly in investment strategies and risk management. Heightened tariffs have fueled market volatility, prompting cautious behavior among institutional investors and increasing demand for hedging instruments. Banks and asset managers are facing higher costs associated with cross-border transactions, as tariffs disrupt global supply chains and dampen corporate earnings, key drivers of equity market performance. Insurance companies, meanwhile, are grappling with increased claims risks tied to supply chain disruptions and trade-related business losses. Additionally, reduced consumer spending and weakened export demand are constraining credit growth and investment appetite. The sector must now prioritize diversification, digital transformation, and robust scenario planning to navigate the heightened economic uncertainty and protect profitability.

Electronic payment processing refers to the digital management of financial transactions between buyers and sellers through electronic methods, covering the authorization, clearing, and settlement of payments made via credit or debit cards, mobile wallets, or online banking. It allows for fast, secure, and efficient fund transfers without relying on cash or checks.

The primary payment methods in electronic payment processing include credit or debit cards, digital wallets, bank transfers, cryptocurrencies, and contactless payments. Credit and debit cards are physical or digital instruments issued by financial institutions that enable users to make electronic purchases or withdraw funds, either by borrowing (credit cards) or using available balances (debit cards). Electronic payment processing supports different transaction types such as one-time, recurring, mobile, and in-app payments and can be deployed through on-premises, cloud-based, or hybrid solutions. It is applied across a wide range of use cases for both individuals and enterprises, with key end-user industries including retail, e-commerce, travel and hospitality, healthcare, education, and government.

The electronic payment processing market research report is one of a series of new reports that provides electronic payment processing market statistics, including the electronic payment processing industry global market size, regional shares, competitors with the electronic payment processing market share, detailed electronic payment processing market segments, market trends, and opportunities, and any further data you may need to thrive in the electronic payment processing industry. This electronic payment processing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The electronic payment processing market consists of revenues earned by entities by providing services such as payment gateway integration, transaction authorization, settlement processing, recurring billing management, fraud detection, chargeback handling, and digital wallet support. The market value includes the value of related goods sold by the service provider or included within the service offering. The electronic payment processing market also includes sales of point-of-sale (POS) terminals, payment gateways, virtual terminals, contactless payment devices, and payment security tools. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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