
The global market for Payment Processing was valued at US$ 125050 million in the year 2024 and is projected to reach a revised size of US$ 317990 million by 2031, growing at a CAGR of 14.5% during the forecast period.
Payment processing is how businesses complete credit card and debit card transactions. Payment processing services expedite card transactions, and payment gateways securely transmit data so money from a customer's issuing bank can be transferred to a merchant's account. All of this happens in seconds.
In the simplest terms, a payment processor is a company that handles transactions between two parties, such as a merchant and a customer. It accomplishes the payment by relaying the payment information, like a credit card, from the customer to the merchant’s preferred bank account.
The global payment processing market is rapidly evolving, driven by advancements in technology and increasing consumer demand for seamless transactions. Key trends include the rise of digital wallets, contactless payments, and mobile payment solutions. Major players like Visa, Mastercard, and PayPal dominate, while fintech startups are innovating with blockchain and AI.
Market dynamics tracker:
In May 2024, Mastercard announced that it is set to revolutionize the Chinese payments scene through new service. Mastercard has commenced processing payments made in China using Mastercard cards issued by local banks. By leveraging its expertise and local partnerships, Mastercard aims to simplify the payment process and promote financial inclusion for Chinese cardholders at home and abroad. This move will revolutionize China's payment landscape, providing consumers and businesses with more choices, convenience and security of financial transactions.
PayPal has been on an acquisition spree over the past few years, aiming to enhance its payment services through acquisitions ranging from coupon platforms to logistics companies. Thredd enters the US credit card issuance processing market.
Network International (Network), a leading digital commerce enabler in the Middle East and Africa (MEA) region, has been appointed as a payment processor by Airtel, one of Africa's largest telecom operators.
This report aims to provide a comprehensive presentation of the global market for Payment Processing, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Payment Processing.
The Payment Processing market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Payment Processing market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Payment Processing companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
PayPal
Global Payments
Adyen
Fiserv
Stripe
Square
Worldline
GoCardless
Payline Data
Due Payments
Flagship Merchant Services
Cayan
BitPay
Segment by Type
Credit Card & Debit Card
eWallet
Others
Segment by Application
Large Enterprises
SMEs
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Payment Processing company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Payment Processing Market Size Growth Rate by Type: 2020 VS 2024 VS 2031
1.2.2 Credit Card & Debit Card
1.2.3 eWallet
1.2.4 Others
1.3 Market by Application
1.3.1 Global Payment Processing Market Growth by Application: 2020 VS 2024 VS 2031
1.3.2 Large Enterprises
1.3.3 SMEs
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Payment Processing Market Perspective (2020-2031)
2.2 Global Payment Processing Growth Trends by Region
2.2.1 Global Payment Processing Market Size by Region: 2020 VS 2024 VS 2031
2.2.2 Payment Processing Historic Market Size by Region (2020-2025)
2.2.3 Payment Processing Forecasted Market Size by Region (2026-2031)
2.3 Payment Processing Market Dynamics
2.3.1 Payment Processing Industry Trends
2.3.2 Payment Processing Market Drivers
2.3.3 Payment Processing Market Challenges
2.3.4 Payment Processing Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Payment Processing Players by Revenue
3.1.1 Global Top Payment Processing Players by Revenue (2020-2025)
3.1.2 Global Payment Processing Revenue Market Share by Players (2020-2025)
3.2 Global Payment Processing Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players Ranking by Payment Processing Revenue
3.4 Global Payment Processing Market Concentration Ratio
3.4.1 Global Payment Processing Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Payment Processing Revenue in 2024
3.5 Global Key Players of Payment Processing Head office and Area Served
3.6 Global Key Players of Payment Processing, Product and Application
3.7 Global Key Players of Payment Processing, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 Payment Processing Breakdown Data by Type
4.1 Global Payment Processing Historic Market Size by Type (2020-2025)
4.2 Global Payment Processing Forecasted Market Size by Type (2026-2031)
5 Payment Processing Breakdown Data by Application
5.1 Global Payment Processing Historic Market Size by Application (2020-2025)
5.2 Global Payment Processing Forecasted Market Size by Application (2026-2031)
6 North America
6.1 North America Payment Processing Market Size (2020-2031)
6.2 North America Payment Processing Market Growth Rate by Country: 2020 VS 2024 VS 2031
6.3 North America Payment Processing Market Size by Country (2020-2025)
6.4 North America Payment Processing Market Size by Country (2026-2031)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Payment Processing Market Size (2020-2031)
7.2 Europe Payment Processing Market Growth Rate by Country: 2020 VS 2024 VS 2031
7.3 Europe Payment Processing Market Size by Country (2020-2025)
7.4 Europe Payment Processing Market Size by Country (2026-2031)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Payment Processing Market Size (2020-2031)
8.2 Asia-Pacific Payment Processing Market Growth Rate by Region: 2020 VS 2024 VS 2031
8.3 Asia-Pacific Payment Processing Market Size by Region (2020-2025)
8.4 Asia-Pacific Payment Processing Market Size by Region (2026-2031)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Payment Processing Market Size (2020-2031)
9.2 Latin America Payment Processing Market Growth Rate by Country: 2020 VS 2024 VS 2031
9.3 Latin America Payment Processing Market Size by Country (2020-2025)
9.4 Latin America Payment Processing Market Size by Country (2026-2031)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Payment Processing Market Size (2020-2031)
10.2 Middle East & Africa Payment Processing Market Growth Rate by Country: 2020 VS 2024 VS 2031
10.3 Middle East & Africa Payment Processing Market Size by Country (2020-2025)
10.4 Middle East & Africa Payment Processing Market Size by Country (2026-2031)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 PayPal
11.1.1 PayPal Company Details
11.1.2 PayPal Business Overview
11.1.3 PayPal Payment Processing Introduction
11.1.4 PayPal Revenue in Payment Processing Business (2020-2025)
11.1.5 PayPal Recent Development
11.2 Global Payments
11.2.1 Global Payments Company Details
11.2.2 Global Payments Business Overview
11.2.3 Global Payments Payment Processing Introduction
11.2.4 Global Payments Revenue in Payment Processing Business (2020-2025)
11.2.5 Global Payments Recent Development
11.3 Adyen
11.3.1 Adyen Company Details
11.3.2 Adyen Business Overview
11.3.3 Adyen Payment Processing Introduction
11.3.4 Adyen Revenue in Payment Processing Business (2020-2025)
11.3.5 Adyen Recent Development
11.4 Fiserv
11.4.1 Fiserv Company Details
11.4.2 Fiserv Business Overview
11.4.3 Fiserv Payment Processing Introduction
11.4.4 Fiserv Revenue in Payment Processing Business (2020-2025)
11.4.5 Fiserv Recent Development
11.5 Stripe
11.5.1 Stripe Company Details
11.5.2 Stripe Business Overview
11.5.3 Stripe Payment Processing Introduction
11.5.4 Stripe Revenue in Payment Processing Business (2020-2025)
11.5.5 Stripe Recent Development
11.6 Square
11.6.1 Square Company Details
11.6.2 Square Business Overview
11.6.3 Square Payment Processing Introduction
11.6.4 Square Revenue in Payment Processing Business (2020-2025)
11.6.5 Square Recent Development
11.7 Worldline
11.7.1 Worldline Company Details
11.7.2 Worldline Business Overview
11.7.3 Worldline Payment Processing Introduction
11.7.4 Worldline Revenue in Payment Processing Business (2020-2025)
11.7.5 Worldline Recent Development
11.8 GoCardless
11.8.1 GoCardless Company Details
11.8.2 GoCardless Business Overview
11.8.3 GoCardless Payment Processing Introduction
11.8.4 GoCardless Revenue in Payment Processing Business (2020-2025)
11.8.5 GoCardless Recent Development
11.9 Payline Data
11.9.1 Payline Data Company Details
11.9.2 Payline Data Business Overview
11.9.3 Payline Data Payment Processing Introduction
11.9.4 Payline Data Revenue in Payment Processing Business (2020-2025)
11.9.5 Payline Data Recent Development
11.10 Due Payments
11.10.1 Due Payments Company Details
11.10.2 Due Payments Business Overview
11.10.3 Due Payments Payment Processing Introduction
11.10.4 Due Payments Revenue in Payment Processing Business (2020-2025)
11.10.5 Due Payments Recent Development
11.11 Flagship Merchant Services
11.11.1 Flagship Merchant Services Company Details
11.11.2 Flagship Merchant Services Business Overview
11.11.3 Flagship Merchant Services Payment Processing Introduction
11.11.4 Flagship Merchant Services Revenue in Payment Processing Business (2020-2025)
11.11.5 Flagship Merchant Services Recent Development
11.12 Cayan
11.12.1 Cayan Company Details
11.12.2 Cayan Business Overview
11.12.3 Cayan Payment Processing Introduction
11.12.4 Cayan Revenue in Payment Processing Business (2020-2025)
11.12.5 Cayan Recent Development
11.13 BitPay
11.13.1 BitPay Company Details
11.13.2 BitPay Business Overview
11.13.3 BitPay Payment Processing Introduction
11.13.4 BitPay Revenue in Payment Processing Business (2020-2025)
11.13.5 BitPay Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Market Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer
PayPal
Global Payments
Adyen
Fiserv
Stripe
Square
Worldline
GoCardless
Payline Data
Due Payments
Flagship Merchant Services
Cayan
BitPay
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*If Applicable.
