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Payment Service Provider Market

Payment Service Provider Market (Component: Software [Payment Gateway Solutions, Payment Processing Solutions, Payment Security & Fraud Management Solutions, and PoS Solutions] and Services [Consulting Services, System Integration & Implementation Services, Support & Maintenance Services, and Managed/Outsourced Services]; Payment Channel: Digital Wallets, Token System, Net Banking, Real-time Payments, and Direct Carrier Billing; Payment Type: Customer to Customer, Customer to Business, and Business to Business; Application: Checkout/Recurring Payments and e-Commerce}; and End Use: Restaurants, Travel & Booking, Gaming, Healthcare, Retail, e-Commerce, Entertainment, BFSI, Telecommunications, and Others ) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027

Cryptocurrency Wallets and Blockchain Technology Eliminate Third-party Transactions

Worldwide digital transactions are surging due to innovation in Fintech. Likewise, digital wallets are sweeping the payment service provider market at the lightening speed, from a revenue share of ~19% in 2019 to ~25% by 2027. Hence, companies are capitalizing on various trends in the digital wallets, such as cryptocurrency wallets and blockchain technology that have established a network of secure payments. Cryptocurrency is no more reserved for multi-million dollar brands or exclusive investors. Thus, greater transparency in transactions with the help of the blockchain technology is creating waves of innovations in the payment service provider market.

Easy accessibility of cryptocurrency wallets for startups and small-scale businesses have led to increased adoption of digital wallets. Such trends are contributing toward the growth of the payment service provider market. Innovations in digital wallets have also led to the emergence of several cryptocurrency wallet app solutions in the market for payment service providers. Thus, the blockchain technology is eliminating the need for a third-party transaction, which allows secure transactions and also lowers costs.

payment service provider market infographic

Rise in e-Commerce Transactions Offers Incremental Opportunities

Once known as a prominent social networking site, Facebook has now turned into a dynamic business platform, which is enabling budding entrepreneurs and startups to take their business to the next level. Likewise, Facebook is now embracing digital payment methods that encourages customers to stay within the ecosystem. Since Facebook has upgraded its e-Commerce capabilities with the introduction of Facebook Pay, other market players in the market for payment service providers are following suit. This is evident, since the e-Commerce application segment is expected to account for ~51% share of the payment service provider market by 2027.

Innovations in the e-Commerce sector are facilitating increased retail transactions in the payment service provider market. e-Commerce payment service providers are enabling the option of online fundraising to bolster their credibility credentials in the global landscape. As such, e-Commerce transactions help service providers gain important insights about their users, and allow them to efficiently target market strategies and other advertising efforts.

Companies Focus on NFC Apps to Overcome Limitations in Aadhaar-enabled Payments

The payment service provider market is anticipated to expand at a CAGR of ~10% during the forecast period. However, certain limitations in digital payments are hampering market growth. For instance, Asia Pacific is anticipated to lead the payment service providers market during the forecast period. India being one of the primary economies of Asia Pacific is challenged by the slow growth of Aadhaar-enabled payments in the past couple of months. Since some agents were splitting single transactions into multiple small transactions to gain more commission, several public sector banks applied limitations on the number of Aadhaar-enabled transactions that can be conducted by users. Hence, manufacturers are leveraging opportunities in Near Field Communication (NFC) -based wallet solutions in the U.K., since such transactions have increased considerably in the past few years.

The payment service provider market in Europe is expected to generate significant revenue. Thus, companies in the payment service provider market are tapping opportunities for the development of NFC apps, since contactless payments are gaining strong grounds in the U.K.

Developments in IoT and AI Drive Payment Service Provider Market

Apart from digital wallet and NFC apps, companies in the payment service provider market are tapping opportunities in international remittance. On the other hand, IoT payments are anticipated to become commonplace in the near future. Moreover, the integration of virtual voice assistants such as Alexa and Google Assistant has led to the trend of AI-powered payments using voice command. Thus, voice-activated payments are acquiring popularity worldwide. Moreover, there is a growing interest in payments involved with a connected car or a smart fridge, owing to the advantages of IoT and industry 4.0. Biometric payments are gaining traction in the market for payment service providers, as biometric features of smartphones are increasingly being used in mobile payments.

payment service provider market segmentation

Analysts’ Viewpoint

The payment service provider market is estimated to reach a value of ~US$ 88 Bn by the end of 2027. AI-based wallet solutions are bringing about a change in the market landscape, since novel solutions help to automate routine transactions. The AI and NFC technologies are being highly publicized as a game changer in the global market.

Companies are aiming to provide a frictionless experience through increased cost savings. However, critical challenges of cybersecurity issues faced by players in the digital payment ecosystem pose as a restraint for companies. Hence, companies should focus on improving standards involved with stronger authentication and data confidentiality to avoid risks of cybersecurity.

Payment Service Provider Market: Overview

  • The payment service provider market is expected to register a CAGR of ~10% between 2019 and 2027. The market is projected to be driven by rapid increase in financial inclusion specifically in developing countries. Increasing competitiveness in the Fintech industry is expected to boost the payment service provider market in the near future.
  • The global payment service provider market is expected to reach ~US$ 88 Bn by 2027 from ~US$ 40 Bn in 2019. Rising adoption of smartphones and digital devices is expected to boost the growth of the market.
  • The payment service provider market in Asia Pacific and Middle East & Africa is anticipated to expand at a rapid pace during the forecast period, followed by South America
  • Asia Pacific remains the dominant leader in the global payment service provider market, with market size of US$ 11,878.6 Mn in year 2019, primarily due to tremendous growth in adoption of smartphones among both millennial and older population for payment. Therefore, exponential growth in smartphone device volumes is likely to drive the payment service provider market in the region.
  • North America is projected to see significant growth in the global payment service provider market during the forecast period. Strong network infrastructure and increasing adoption of digital mode of payments such as wallets and token is expected to drive the consistent growth of the North America payment service provider market.

Payment Service Provider Market: Definition

  • The payment service provider market report provides analysis of the global payment service provider market for the period 2017 – 2027, wherein 2018 is the base year and 2019 to 2027 is the forecast period. Data for 2017 has been included as historical information.
  • The report studies the payment service provider market from the perspective of different modes of payment, applications, payment type, and payment channel. While evaluating the market size, transaction volume, and average per transaction cost has been considered while the currency exchange transaction has not been considered in the scope.
  • The report analyzes the various types of transactions, payment channels, transaction value, transaction volume, and network provider market share

Asia Pacific Payment Service Provider Market: Snapshot

  • Asia Pacific is seen as a new growth hub for technology driven enterprise business models, due to its high population ratio and adoption of new technologies. For the same reason, Asia Pacific is expected to see highest opportunity addition in the payment service provider market globally, with Europe being the next closest region.

Key Challenges Faced by Payment Service Provider Market Players

  • Cost is the major factor, which can impact the growth of the market. Adoption of digital technology in payments has led to significant increase in cost. Costs relate to the procurement of the digital solution, installation and maintenance, system integration, and system downtime cost.
  • All these costs are incurred while deploying the digital payment solution for any enterprise. These are the additional costs which an enterprise incurs. Adoption of digital payment methods is low within developing regions because of the additional cost to the business. Retailers and sellers hesitate to deploy digital payment technology to reduce the business cost.

Payment Service Provider Market Developments

  • In August 2018, Visa Inc. partnered with Maxcom to provide mobile payment services in the Tanzanian market. More than 30,000 retailers and 20,000 local agents in Tanzania will be connected to mobile payments with this new partnership, thus increasing its market share.
  • In September 2018, PayPal acquired iZettle, which would help PayPal to expand its in-store presence and strengthen its payments platform to help small businesses around the world
  • In 2017, First Data Corporation completed the acquisition of BluePay, a provider of technology-enabled payment processing for merchants in the U.S. and Canada, and was one of the company’s largest distribution partners with a strong focus on software-enabled payments and card-not-present transactions.

Payment Service Provider Market: Company Profile Snapshot

  • Visa Inc.: Founded in 1958, Visa, Inc. is a global payments technology company. It connects businesses, consumers, governments, and banks in more than 200 countries and regions, allowing them to use a digital payment system instead of checks and cash. Majorly, Visa transactions are done through merchants, acquirers, issuers, and the cardholder. The company has nearly 3.3 billion cards worldwide with over 46 million merchant locations. Visa has tied up with nearly 15,900 financial institutions.
  • American Express Company: Founded in 1850, American Express Company is well known for its charge card, travelers’ check, and credit card businesses. It provides travel and expense management solutions and innovative payment solutions to individuals as well as to all sizes of businesses. The company also provides NFC specifications to support POS terminals to accept American Express cards on digital wallets to better meet the requirement of cardholders. In 2013, American Express Company re-launched its online payment platform and increased its prepaid offerings.
  • PayU: Founded in 2002, PayU is the fintech and e-payments division of Prosus, which is one of the largest technology investors in the world. PayU is an online payment service provider for cross border and local payments, which develops in-house payment technology for merchants across the globe. PayU has more than 1,800 payment specialists and caters to over 300,000 merchants and millions of consumers making online payments.
  • Other major players operating in the global payment service provider market and profiled in the report include
    • ACI Worldwide, Inc.
    • MasterCard International, Inc.
    • Adyen
    • Global Payments Direct, Inc.
    • CCBill, LLC.
    • Discover Financial Services (Diners Club International Ltd )
    • Stripe
    • Total System Services, Inc.
    • TSYS
    • Amazon Web Services, Inc.
    • First Data Corporation
    • PayPal, Inc.
    • Ingenico Group.
  • Companies are shifting toward advanced technology to gain competitive advantage in the payment service provider market apart from maintaining their position in the market.

1. Preface

    1.1. Market Scope

    1.2. Market Segmentation

    1.3. Key Research Objectives

    1.4. Research Highlights

2. Assumptions and Research Methodology

    2.1. Market Taxonomy - Segment Definitions

    2.2. Research Methodology

        2.2.1. List of Primary and Secondary Sources

    2.3. Key Assumptions for Data Modelling

3. Executive Summary: Global Payment Service Provider Market 

4. Market Overview

    4.1. Introduction

    4.2. Global Market – Macroeconomic Factors Overview

        4.2.1. World GDP Indicator – For Top Economies

        4.2.2. Global ICT Spending (US$ Mn), 2013, 2019, 2023 and 2027

    4.3. Technology/ Product Roadmap

    4.4. Market Factor Analysis

        4.4.1. Porter’s Five Forces Analysis

        4.4.2. Ecosystem Analysis/ Value Chain Analysis

            4.4.2.1. Key End-user/Customers Analysis

        4.4.3. PESTEL Analysis

        4.4.4. Market Dynamics (Growth Influencers)

            4.4.4.1. Drivers

            4.4.4.2. Restraints

            4.4.4.3. Opportunities

            4.4.4.4. Impact Analysis of Drivers and Restraints

    4.5. Key Market Indicators 

        4.5.1. Global Cyber Security Industry

        4.5.2. Global Cyber Security Spending Share

        4.5.3. Economic Impact of Global Cyber Attacks

    4.6. Global Payment Service Provider Market, by Mode of Transaction (2017)

        4.6.1. POS Terminal

            4.6.1.1. Wireless/ Mobile POS Terminal

            4.6.1.2. Fixed POS Terminal

        4.6.2. Cards/Web/Wallet

        4.6.3. Wearable Devices

    4.7. Penetration of Different Payment Systems (%)

        4.7.1. Cash

        4.7.2. Digital/ Cashless

            4.7.2.1. Proximity

            4.7.2.2. Remote

    4.8. Pricing Model Analysis

        4.8.1. Subscription

        4.8.2. Recurring

    4.9. Overview of Various E-payment Methods

        4.9.1. Debit/ Credit Cards

        4.9.2. Bank Transfers

        4.9.3. E-Wallets

        4.9.4. Prepaid Cards

    4.10. Global Payment Service Provider Market Analysis and Forecast, 2013 - 2027

        4.10.1. Market Revenue Analysis (US$ Mn)

            4.10.1.1. Historic Growth Trends, 2013-2018

            4.10.1.2. Forecast Trends, 2019-2027

    4.11. Market Opportunity Assessment – by Region (North America/ Europe/ Asia Pacific/ Middle East & Africa/ South America)

        4.11.1. By Country

        4.11.2. By Component

        4.11.3. By Payment Type

        4.11.4. By Payment Channel 

        4.11.5. By Application

        4.11.6. By End-use

    4.12. Competitive Scenario and Trends

        4.12.1. Payment Service Provider Market Concentration Rate

            4.12.1.1. List of Emerging, Prominent and Leading Players 

        4.12.2. Mergers & Acquisitions, Expansions

    4.13. Market Outlook

5. Global Payment Service Provider Market Analysis and Forecast, by Component

    5.1. Overview and Definitions

    5.2. Key Segment Analysis

    5.3. Payment Service Provider Market Size (US$ Mn) Forecast, by Component, 2017 - 2027

        5.3.1. Software

            5.3.1.1. Payment Gateway Solutions

            5.3.1.2. Payment Processing Solutions

            5.3.1.3. Payment Security & Fraud Management Solutions

            5.3.1.4. PoS Solutions 

        5.3.2. Service

            5.3.2.1. Consulting Services

            5.3.2.2. System Integration & Implementation Services

            5.3.2.3. Support & Maintenance Services

            5.3.2.4. Managed/ Outsourced Services

6. Global Payment Service Provider Market Analysis and Forecast, by Payment Type

    6.1. Overview and Definitions

    6.2. Key Segment Analysis

    6.3. Payment Service Provider Market Size (US$ Mn) Forecast, by Payment Type, 2017 - 2027

        6.3.1. Customer to Customer

        6.3.2. Customer to Business

        6.3.3. Business to Business

7. Global Payment Service Provider Market Analysis and Forecast, by Payment Channel

    7.1. Overview and Definitions

    7.2. Key Segment Analysis

    7.3. Payment Service Provider Market Size (US$ Mn) Forecast, by Payment Channel, 2017 - 2027

        7.3.1. Digital wallets

        7.3.2. Token System

        7.3.3. Net Banking

        7.3.4. Real-Time Payments

        7.3.5. Direct Carrier Billing

        7.3.6. Customer to Customer

8. Global Payment Service Provider Market Analysis and Forecast, by Application

    8.1. Overview and Definitions

    8.2. Key Segment Analysis

    8.3. Payment Service Provider Market Size (US$ Mn) Forecast, by Application, 2017 - 2027

        8.3.1. Checkout/ Recurring Payments

        8.3.2. E-commerce

9. Global Payment Service Provider Market Analysis and Forecast, by End-use

    9.1. Overview and Definitions

    9.2. Key Segment Analysis

    9.3. Payment Service Provider Market Size (US$ Mn) Forecast, by End-use, 2017 - 2027

        9.3.1. Restaurants

        9.3.2. Travel & Booking

        9.3.3. Gaming

        9.3.4. Healthcare

        9.3.5. Retail

        9.3.6. E-commerce

        9.3.7. Entertainment

        9.3.8. BFSI

        9.3.9. Telecommunications

        9.3.10. Others (Government, Transportation)

10. Global Payment Service Provider Market Analysis and Forecast, by Region

    10.1. Key Findings

    10.2. Emerging Markets/Countries

    10.3. Payment Service Provider Market Size (US$ Mn) Forecast, by Region, 2017 - 2027

        10.3.1. North America

        10.3.2. Europe

        10.3.3. Asia Pacific

        10.3.4. Middle East & Africa

        10.3.5. South America

11. North America Payment Service Provider Market Analysis and Forecast

    11.1. Regional Outlook

    11.2. Key Findings

    11.3. Payment Service Provider Market Size (US$ Mn) Forecast, by Component, 2017 - 2027

        11.3.1. Software

            11.3.1.1. Payment Gateway Solutions

            11.3.1.2. Payment Processing Solutions

            11.3.1.3. Payment Security & Fraud Management Solutions

            11.3.1.4. PoS Solutions 

        11.3.2. Service

            11.3.2.1. Consulting Services

            11.3.2.2. System Integration & Implementation Services

            11.3.2.3. Support & Maintenance Services

            11.3.2.4. Managed/ Outsourced Services

    11.4. Payment Service Provider Market Size (US$ Mn) Forecast, by Payment Type, 2017 - 2027

        11.4.1. Customer to Customer

        11.4.2. Customer to Business

        11.4.3. Business to Business

    11.5. Payment Service Provider Market Size (US$ Mn) Forecast, by Payment Channel, 2017 - 2027

        11.5.1. Digital wallets

        11.5.2. Token System

        11.5.3. Net Banking

        11.5.4. Real-Time Payments

        11.5.5. Direct Carrier Billing

        11.5.6. Customer to Customer

    11.6. Payment Service Provider Market Size (US$ Mn) Forecast, by Application, 2017 - 2027

        11.6.1. Checkout/ Recurring Payments

        11.6.2. E-commerce

    11.7. Payment Service Provider Market Size (US$ Mn) Forecast, by End-use, 2017 - 2027

        11.7.1. Restaurants

        11.7.2. Travel & Booking

        11.7.3. Gaming

        11.7.4. Healthcare

        11.7.5. Retail

        11.7.6. Ecommerce

        11.7.7. Entertainment

        11.7.8. BFSI

        11.7.9. Telecommunications

        11.7.10. Others (Government, Transportation)

    11.8. Payment Service Provider Market Size (US$ Mn) Forecast, by Country, 2017 - 2027

        11.8.1. U.S.

        11.8.2. Canada

        11.8.3. Mexico

12. Europe Payment Service Provider Market Analysis and Forecast

    12.1. Regional Outlook

    12.2. Key Findings

    12.3. Payment Service Provider Market Size (US$ Mn) Forecast, by Component, 2017 - 2027

        12.3.1. Software

            12.3.1.1. Payment Gateway Solutions

            12.3.1.2. Payment Processing Solutions

            12.3.1.3. Payment Security & Fraud Management Solutions

            12.3.1.4. PoS Solutions 

        12.3.2. Service

            12.3.2.1. Consulting Services

            12.3.2.2. System Integration & Implementation Services

            12.3.2.3. Support & Maintenance Services

            12.3.2.4. Managed/ Outsourced Services

    12.4. Payment Service Provider Market Size (US$ Mn) Forecast, by Payment Type, 2017 - 2027

        12.4.1. Customer to Customer

        12.4.2. Customer to Business

        12.4.3. Business to Business

    12.5. Payment Service Provider Market Size (US$ Mn) Forecast, by Payment Channel, 2017 - 2027

        12.5.1. Digital wallets

        12.5.2. Token System

        12.5.3. Net Banking

        12.5.4. Real-Time Payments

        12.5.5. Direct Carrier Billing

        12.5.6. Customer to Customer

    12.6. Payment Service Provider Market Size (US$ Mn) Forecast, by Application, 2017 - 2027

        12.6.1. Checkout/ Recurring Payments

        12.6.2. E-commerce

    12.7. Payment Service Provider Market Size (US$ Mn) Forecast, by End-use, 2017 - 2027

        12.7.1. Restaurants

        12.7.2. Travel & Booking

        12.7.3. Gaming

        12.7.4. Healthcare

        12.7.5. Retail

        12.7.6. E-commerce

        12.7.7. Entertainment

        12.7.8. BFSI

        12.7.9. Telecommunications

        12.7.10. Others (Government, Transportation)

    12.8. Payment Service Provider Market Size (US$ Mn) Forecast, by Country and Sub-region, 2017 - 2027

        12.8.1. Germany

        12.8.2. U.K.

        12.8.3. France

        12.8.4. Spain

        12.8.5. Russia

        12.8.6. Rest of Europe

13. Asia Pacific Payment Service Provider Market Analysis and Forecast

    13.1. Regional Outlook

    13.2. Key Findings

    13.3. Payment Service Provider Market Size (US$ Mn) Forecast, by Component, 2017 - 2027

        13.3.1. Software

            13.3.1.1. Payment Gateway Solutions

            13.3.1.2. Payment Processing Solutions

            13.3.1.3. Payment Security & Fraud Management Solutions

            13.3.1.4. PoS Solutions 

        13.3.2. Service

            13.3.2.1. Consulting Services

            13.3.2.2. System Integration & Implementation Services

            13.3.2.3. Support & Maintenance Services

            13.3.2.4. Managed/ Outsourced Services

    13.4. Payment Service Provider Market Size (US$ Mn) Forecast, by Payment Type, 2017 - 2027

        13.4.1. Customer to Customer

        13.4.2. Customer to Business

        13.4.3. Business to Business

    13.5. Payment Service Provider Market Size (US$ Mn) Forecast, by Payment Channel, 2017 - 2027

        13.5.1. Digital wallets

        13.5.2. Token System

        13.5.3. Net Banking

        13.5.4. Real-Time Payments

        13.5.5. Direct Carrier Billing

        13.5.6. Customer to Customer

    13.6. Payment Service Provider Market Size (US$ Mn) Forecast, by Application, 2017 - 2027

        13.6.1. Checkout/ Recurring Payments

        13.6.2. E-commerce

    13.7. Payment Service Provider Market Size (US$ Mn) Forecast, by End-use, 2017 - 2027

        13.7.1. Restaurants

        13.7.2. Travel & Booking

        13.7.3. Gaming

        13.7.4. Healthcare

        13.7.5. Retail

        13.7.6. Ecommerce

        13.7.7. Entertainment

        13.7.8. BFSI

        13.7.9. Telecommunications

        13.7.10. Others (Government, Transportation)

    13.8. Payment Service Provider Market Size (US$ Mn) Forecast, by Country and Sub-region, 2017 - 2027

        13.8.1. China

        13.8.2. Japan

        13.8.3. India

        13.8.4. Australia and New Zealand

        13.8.5. South Korea

        13.8.6. ASEAN

        13.8.7. Rest of Asia Pacific

14. Middle East & Africa (MEA) Payment Service Provider Market Analysis and Forecast

    14.1. Regional Outlook

    14.2. Key Findings

    14.3. Payment Service Provider Market Size (US$ Mn) Forecast, by Component, 2017 - 2027

        14.3.1. Software

            14.3.1.1. Payment Gateway Solutions

            14.3.1.2. Payment Processing Solutions

            14.3.1.3. Payment Security & Fraud Management Solutions

            14.3.1.4. PoS Solutions 

        14.3.2. Service

            14.3.2.1. Consulting Services

            14.3.2.2. System Integration & Implementation Services

            14.3.2.3. Support & Maintenance Services

            14.3.2.4. Managed/ Outsourced Services

    14.4. Payment Service Provider Market Size (US$ Mn) Forecast, by Payment Type, 2017 - 2027

        14.4.1. Customer to Customer

        14.4.2. Customer to Business

        14.4.3. Business to Business

    14.5. Payment Service Provider Market Size (US$ Mn) Forecast, by Payment Channel, 2017 - 2027

        14.5.1. Digital wallets

        14.5.2. Token System

        14.5.3. Net Banking

        14.5.4. Real-Time Payments

        14.5.5. Direct Carrier Billing

        14.5.6. Customer to Customer

    14.6. Payment Service Provider Market Size (US$ Mn) Forecast, by Application, 2017 - 2027

        14.6.1. Checkout/ Recurring Payments

        14.6.2. E-commerce

    14.7. Payment Service Provider Market Size (US$ Mn) Forecast, by End-use, 2017 - 2027

        14.7.1. Restaurants

        14.7.2. Travel & Booking

        14.7.3. Gaming

        14.7.4. Healthcare

        14.7.5. Retail

        14.7.6. E-commerce

        14.7.7. Entertainment

        14.7.8. BFSI

        14.7.9. Telecommunications

        14.7.10. Others (Government, Transportation)

    14.8. Payment Service Provider Market Size (US$ Mn) Forecast, by Country and Sub-region, 2017 - 2027

        14.8.1. United Arab Emirates (U.A.E.)

        14.8.2. Saudi Arabia

        14.8.3. South Africa

        14.8.4. Rest of MEA

15. South America Payment Service Provider Market Analysis and Forecast

    15.1. Regional Outlook

    15.2. Key Findings

    15.3. Payment Service Provider Market Size (US$ Mn) Forecast, by Component, 2017 - 2027

        15.3.1. Software

            15.3.1.1. Payment Gateway Solutions

            15.3.1.2. Payment Processing Solutions

            15.3.1.3. Payment Security & Fraud Management Solutions

            15.3.1.4. PoS Solutions 

        15.3.2. Service

            15.3.2.1. Consulting Services

            15.3.2.2. System Integration & Implementation Services

            15.3.2.3. Support & Maintenance Services

            15.3.2.4. Managed/ Outsourced Services

    15.4. Payment Service Provider Market Size (US$ Mn) Forecast, by Payment Type, 2017 - 2027

        15.4.1. Customer to Customer

        15.4.2. Customer to Business

        15.4.3. Business to Business

    15.5. Payment Service Provider Market Size (US$ Mn) Forecast, by Payment Channel, 2017 - 2027

        15.5.1. Digital wallets

        15.5.2. Token System

        15.5.3. Net Banking

        15.5.4. Real-Time Payments

        15.5.5. Direct Carrier Billing

        15.5.6. Customer to Customer

    15.6. Payment Service Provider Market Size (US$ Mn) Forecast, by Application, 2017 - 2027

        15.6.1. Checkout/ Recurring Payments

        15.6.2. E-commerce

    15.7. Payment Service Provider Market Size (US$ Mn) Forecast, by End-use, 2017 - 2027

        15.7.1. Restaurants

        15.7.2. Travel & Booking

        15.7.3. Gaming

        15.7.4. Healthcare

        15.7.5. Retail

        15.7.6. E-commerce

        15.7.7. Entertainment

        15.7.8. BFSI

        15.7.9. Telecommunications

        15.7.10. Others (Government, Transportation)

    15.8. Payment Service Provider Market Size (US$ Mn) Forecast, by Country and Sub-region, 2017 - 2027

        15.8.1. Brazil

        15.8.2. Rest of South America

16. Competition Landscape

    16.1. Market Competition Matrix, by Leading Players 

    16.2. Market Revenue Share Analysis (%), by Leading Players (2018)

17. Company Profiles (Details – Business Overview, Geographical Presence, Key Competitors, Revenue and Strategy) 

    17.1. ACI Worldwide, Inc

        17.1.1. Business Overview

        17.1.2. Geographical Presence

        17.1.3. Key Competitors

        17.1.4. Revenue and Strategy

    17.2. Adyen, N.V

        17.2.1. Business Overview

        17.2.2. Geographical Presence

        17.2.3. Key Competitors

        17.2.4. Revenue and Strategy

    17.3. Amazon Web Services (Amazon pay)

        17.3.1. Business Overview

        17.3.2. Geographical Presence

        17.3.3. Key Competitors

        17.3.4. Revenue and Strategy

    17.4. American Express Banking Corp.

        17.4.1. Business Overview

        17.4.2. Geographical Presence

        17.4.3. Key Competitors

        17.4.4. Revenue and Strategy

    17.5. ASEAN Payments Direct, Inc.

        17.5.1. Business Overview

        17.5.2. Geographical Presence

        17.5.3. Key Competitors

        17.5.4. Revenue and Strategy

    17.6. CCBill, LLC

        17.6.1. Business Overview

        17.6.2. Geographical Presence

        17.6.3. Key Competitors

        17.6.4. Revenue and Strategy

    17.7. Diners Club International Ltd

        17.7.1. Business Overview

        17.7.2. Geographical Presence

        17.7.3. Key Competitors

        17.7.4. Revenue and Strategy

    17.8. First Data Corporation (Fiserv)

        17.8.1. Business Overview

        17.8.2. Geographical Presence

        17.8.3. Key Competitors

        17.8.4. Revenue and Strategy

    17.9. Ingenico Group

        17.9.1. Business Overview

        17.9.2. Geographical Presence

        17.9.3. Key Competitors

        17.9.4. Revenue and Strategy

    17.10. MasterCard, Inc

        17.10.1. Business Overview

        17.10.2. Geographical Presence

        17.10.3. Key Competitors

        17.10.4. Revenue and Strategy

    17.11. PayPal Holdings, Inc.

        17.11.1. Business Overview

        17.11.2. Geographical Presence

        17.11.3. Key Competitors

        17.11.4. Revenue and Strategy

    17.12. PayU Group

        17.12.1. Business Overview

        17.12.2. Geographical Presence

        17.12.3. Key Competitors

        17.12.4. Revenue and Strategy

    17.13. Stripe, Inc.

        17.13.1. Business Overview

        17.13.2. Geographical Presence

        17.13.3. Key Competitors

        17.13.4. Revenue and Strategy

    17.14. Total System Services, Inc. (TSYS)

        17.14.1. Business Overview

        17.14.2. Geographical Presence

        17.14.3. Key Competitors

        17.14.4. Revenue and Strategy

    17.15. Visa Inc.

        17.15.1. Business Overview

        17.15.2. Geographical Presence

        17.15.3. Key Competitors

        17.15.4. Revenue and Strategy

18. Key Takeaways

List of Tables

Table No.1 Penetration of Different Payment Systems

Table No.2 Global Payment Service Provider Market Size (US$ Mn), by Component, 2017–2027

Table No.3 Global Payment Service Provider Market Size (US$ Mn), by Component, by Software, 2017–2027

Table No.4 Global Payment Service Provider Market Size (US$ Mn), by Component, by Services, 2017–2027

Table No.5 Global Payment Service Provider Market Size (US$ Mn), by Payment Type, 2017–2027

Table No.6 Global Payment Service Provider Market Size (US$ Mn), by Application, 2017–2027

Table No.7 Global Payment Service Provider Market Size (US$ Mn), by Payment Channel, 2017–2027

Table No.8 Global Payment Service Provider Market Size (US$ Mn), by End-use, 2017–2027

Table No.9 Global Payment Service Provider Market Size (US$ Mn), by Country, 2017–2027

Table No.10 North America Payment Service Provider Market Size (US$ Mn), by Component, 2017–2027

Table No.11 North America Payment Service Provider Market Size (US$ Mn), by Component, by Software, 2017–2027

Table No.12 North America Payment Service Provider Market Size (US$ Mn), by Component, by Services, 2017–2027

Table No.13 North America Payment Service Provider Market Size (US$ Mn), by Payment Type, 2017–2027

Table No.14 North America Payment Service Provider Market Size (US$ Mn), by Application, 2017–2027

Table No.15 North America Payment Service Provider Market Size (US$ Mn), by Payment Channel, 2017–2027

Table No.16 North America Payment Service Provider Market Size (US$ Mn), by End-use, 2017–2027

Table No.17 North America Payment Service Provider Market Size (US$ Mn), by Country, 2017–2027

Table No.18 Europe Payment Service Provider Market Size (US$ Mn), by Component, 2017–2027

Table No.19 Europe Payment Service Provider Market Size (US$ Mn), by Component, by Software, 2017–2027

Table No.20 Europe Payment Service Provider Market Size (US$ Mn), by Component, by Services, 2017–2027

Table No.21 Europe Payment Service Provider Market Size (US$ Mn), by Payment Type, 2017–2027

Table No.22 Europe Payment Service Provider Market Size (US$ Mn), by Application, 2017–2027

Table No.23 Europe Payment Service Provider Market Size (US$ Mn), by Payment Channel, 2017–2027

Table No.24 Europe Payment Service Provider Market Size (US$ Mn), by End-use, 2017–2027

Table No.25 Europe Payment Service Provider Market Size (US$ Mn), by Country, 2017–2027

Table No.26 Asia Pacific Payment Service Provider Market Size (US$ Mn), by Component, 2017–2027

Table No.27 Asia Pacific Payment Service Provider Market Size (US$ Mn), by Component, by Software, 2017–2027

Table No.28 Asia Pacific Payment Service Provider Market Size (US$ Mn), by Component, by Services, 2017–2027

Table No.29 Asia Pacific Payment Service Provider Market Size (US$ Mn), by Payment Type, 2017–2027

Table No.30 Asia Pacific Payment Service Provider Market Size (US$ Mn), by Application, 2017–2027

Table No.31 Asia Pacific Payment Service Provider Market Size (US$ Mn), by Payment Channel, 2017–2027

Table No.32 Asia Pacific Payment Service Provider Market Size (US$ Mn), by End-use, 2017–2027

Table No.33 Asia Pacific Payment Service Provider Market Size (US$ Mn), by Country, 2017–2027

Table No.34 Middle East & Africa Payment Service Provider Market Size (US$ Mn), by Component, 2017–2027

Table No.35 Middle East & Africa Payment Service Provider Market Size (US$ Mn), by Component, by Software, 2017–2027

Table No.36 Middle East & Africa Payment Service Provider Market Size (US$ Mn), by Component, by Services, 2017–2027

Table No.37 Middle East & Africa Payment Service Provider Market Size (US$ Mn), by Payment Type, 2017–2027

Table No.38 Middle East & Africa Payment Service Provider Market Size (US$ Mn), by Application, 2017–2027

Table No.39 Middle East & Africa Payment Service Provider Market Size (US$ Mn), by Payment Channel , 2017–2027

Table No.40 Middle East & Africa Payment Service Provider Market Size (US$ Mn), by End-use , 2017–2027

Table No.41 Middle East & Africa Payment Service Provider Market Size (US$ Mn), by Payment Channel , 2017–2027

Table No.42 South America Payment Service Provider Market Size (US$ Mn), by Component, 2017–2027

Table No.43 South America Payment Service Provider Market Size (US$ Mn), by Component, by Software, 2017–2027

Table No.44 South America Payment Service Provider Market Size (US$ Mn), by Component, by Services, 2017–2027

Table No.45 South America Payment Service Provider Market Size (US$ Mn), by Payment Type, 2017–2027

Table No.46 South America Payment Service Provider Market Size (US$ Mn), by Application, 2017–2027

Table No.47 South America Payment Service Provider Market Size (US$ Mn), by Payment Channel , 2017–2027

Table No.48 South America Payment Service Provider Market Size (US$ Mn), by End-use , 2017–2027

Table No.49 South America Payment Service Provider Market Size (US$ Mn), by Payment Channel , 2017–2027

List of Figures

Figure No.1 Global Payment Service Provider Market Size (US$ Mn) Forecast, 2017–2027

Figure No.2 Global Payment Service Provider Market Size (US$ Mn) Forecast, by Component, 2017–2027

Figure No.3 Global Payment Service Provider Market Size (US$ Mn) Forecast, by Payment Type, 2017–2027

Figure No.4 Global Payment Service Provider Market Size (US$ Mn) Forecast, by Application, 2017–2027

Figure No.5 Global Payment Service Provider Market Size (US$ Mn) Forecast, by Payment Channel, 2017–2027

Figure No.6 Global Payment Service Provider Market Size (US$ Mn) Forecast, by End-use, 2017–2027

Figure No.7 Global Payment Service Provider Market Size (US$ Mn) Forecast, by Country, 2017–2027

Figure No.8 GDP (US$ Bn), Top Countries (2014 – 2019)

Figure No.9 Top Economies GDP Landscape, 2018

Figure No.11 Global ICT Spending (US$ Bn), Regional Contribution, 2019

Figure No.10 Global ICT Spending (%), by Region, 2019

Figure No.12 Global ICT Spending (US$ Bn), Spending Type Contribution, 2019

Figure No.13 Global ICT Spending (%), by Type, 2019

Figure No.14 Global Payment Service Provider Market Size (US$ Mn), 2013 - 2018

Figure No.15 Global Payment Service Provider Market Y-o-Y Growth (Value %), 2013 - 2018

Figure No.16 Global Payment Service Provider Market Size (US$ Mn), 2019 - 2027

Figure No.17 Global Payment Service Provider Market Y-o-Y Growth (Value %), 2019 - 2027

Figure No.18 Global Payment Service Provider Market Opportunity Assessment, by Component (2019)

Figure No.19 Global Payment Service Provider Market Opportunity Assessment, by Payment Type (2019)

Figure No.20 Global Payment Service Provider Market Opportunity Assessment, by Application (2019)

Figure No.21 Global Payment Service Provider Market Opportunity Assessment, by Payment Channel (2019)

Figure No.22 Global Payment Service Provider Market Opportunity Assessment, by End-use (2019)

Figure No.23 Global Payment Service Provider Market Opportunity Assessment, by Region (2019)

Figure No.25 Global Payment Service Provider Market, by Payment Type, CAGR (%) (2019 – 2027)

Figure No.27 Global Payment Service Provider Market, by Payment Channel, CAGR (%) (2019 – 2027)

Figure No.24 Global Payment Service Provider Market, by Component, CAGR (%) (2019 – 2027)

Figure No.26 Global Payment Service Provider Market, by Application, CAGR (%) (2019 – 2027)

Figure No.28 Global Payment Service Provider Market, by End-use, CAGR (%) (2019 – 2027)

Figure No.29 Global Payment Service Provider Market, by Country, CAGR (%) (2019 – 2027)

Figure No.30 Global Payment Service Provider Market Share Analysis, by Component (2019)

Figure No.31 Global Payment Service Provider Market Share Analysis, by Component (2027)

Figure No.32 Global Payment Service Provider Market Share Analysis, by Payment Type (2019)

Figure No.33 Global Payment Service Provider Market Share Analysis, by Payment Type (2027)

Figure No.34 Global Payment Service Provider Market Share Analysis, by Application (2019)

Figure No.35 Global Payment Service Provider Market Share Analysis, by Application (2027)

Figure No.36 Global Payment Service Provider Market Share Analysis, by Payment Channel (2019)

Figure No.37 Global Payment Service Provider Market Share Analysis, by Payment Channel (2027)

Figure No.38 Global Payment Service Provider Market Share Analysis, by End-use (2019)

Figure No.39 Global Payment Service Provider Market Share Analysis, by End-use (2027)

Figure No.40 Global Payment Service Provider Market Share Analysis, by Region (2019)

Figure No.41 Global Payment Service Provider Market Share Analysis, by Region (2027)

Figure No.42 North America Payment Service Provider Market Share Analysis, by Component (2019)

Figure No.43 North America Payment Service Provider Market Share Analysis, by Component (2027)

Figure No.44 North America Payment Service Provider Market Share Analysis, by Payment Type (2019)

Figure No.45 North America Payment Service Provider Market Share Analysis, by Payment Type (2027)

Figure No.46 North America Payment Service Provider Market Share Analysis, by Application (2019)

Figure No.47 North America Payment Service Provider Market Share Analysis, by Application (2027)

Figure No.48 North America Payment Service Provider Market Share Analysis, by Payment Channel (2019)

Figure No.49 North America Payment Service Provider Market Share Analysis, by Payment Channel (2027)

Figure No.50 North America Payment Service Provider Market Share Analysis, by End-use (2019)

Figure No.51 North America Payment Service Provider Market Share Analysis, by End-use (2027)

Figure No.52 North America Payment Service Provider Market Share Analysis, by Country (2019)

Figure No.53 North America Payment Service Provider Market Share Analysis, by Country (2027)

Figure No.54 Europe Payment Service Provider Market Share Analysis, by Component (2019)

Figure No.55 Europe Payment Service Provider Market Share Analysis, by Component (2027)

Figure No.56 Europe Payment Service Provider Market Share Analysis, by Payment Type (2019)

Figure No.57 Europe Payment Service Provider Market Share Analysis, by Payment Type (2027)

Figure No.58 Europe Payment Service Provider Market Share Analysis, by Application (2019)

Figure No.59 Europe Payment Service Provider Market Share Analysis, by Application (2027)

Figure No.60 Europe Payment Service Provider Market Share Analysis, by Payment Channel (2019)

Figure No.61 Europe Payment Service Provider Market Share Analysis, by Payment Channel (2027)

Figure No.62 Europe Payment Service Provider Market Share Analysis, by End-use (2019)

Figure No.63 Europe Payment Service Provider Market Share Analysis, by End-use (2027)

Figure No.64 Europe Payment Service Provider Market Share Analysis, by Country (2019)

Figure No.65 Europe Payment Service Provider Market Share Analysis, by Country (2027)

Figure No.66 Asia Pacific Payment Service Provider Market Share Analysis, by Component (2019)

Figure No.67 Asia Pacific Payment Service Provider Market Share Analysis, by Component (2027)

Figure No.68 Asia Pacific Payment Service Provider Market Share Analysis, by Payment Type (2019)

Figure No.69 Asia Pacific Payment Service Provider Market Share Analysis, by Payment Type (2027)

Figure No.70 Asia Pacific Payment Service Provider Market Share Analysis, by Singapore (2019)

Figure No.71 Asia Pacific Payment Service Provider Market Share Analysis, by Application (2027)

Figure No.72 Asia Pacific Payment Service Provider Market Share Analysis, by Payment Channel (2019)

Figure No.73 Asia Pacific Payment Service Provider Market Share Analysis, by Payment Channel (2027)

Figure No.74 Asia Pacific Payment Service Provider Market Share Analysis, by End-use (2019)

Figure No.75 Asia Pacific Payment Service Provider Market Share Analysis, by End-use (2027)

Figure No.76 Asia Pacific Payment Service Provider Market Share Analysis, by Country (2019)

Figure No.77 Asia Pacific Payment Service Provider Market Share Analysis, by Country (2027)

Figure No.78 Middle East & Africa Payment Service Provider Market Share Analysis, by Component (2019)

Figure No.79 Middle East & Africa Payment Service Provider Market Share Analysis, by Component (2027)

Figure No.80 Middle East & Africa Payment Service Provider Market Share Analysis, by Payment Type (2019)

Figure No.81 Middle East & Africa Payment Service Provider Market Share Analysis, by Payment Type (2027)

Figure No.82 Middle East & Africa Payment Service Provider Market Share Analysis, by Singapore (2019)

Figure No.83 Middle East & Africa Payment Service Provider Market Share Analysis, by Application (2027)

Figure No.84 Middle East & Africa Payment Service Provider Market Share Analysis, by Payment Channel (2019)

Figure No.85 Middle East & Africa Payment Service Provider Market Share Analysis, by Payment Channel (2027)

Figure No.86 Middle East & Africa Payment Service Provider Market Share Analysis, by End-use (2019)

Figure No.87 Middle East & Africa Payment Service Provider Market Share Analysis, by End-use (2027)

Figure No.88 Middle East & Africa Payment Service Provider Market Share Analysis, by Country (2019)

Figure No.89 Middle East & Africa Payment Service Provider Market Share Analysis, by Country (2027)

Figure No.90 South America Payment Service Provider Market Share Analysis, by Component (2019)

Figure No.91 South America Payment Service Provider Market Share Analysis, by Component (2027)

Figure No.92 South America Payment Service Provider Market Share Analysis, by Payment Type (2019)

Figure No.93 South America Payment Service Provider Market Share Analysis, by Payment Type (2027)

Figure No.94 South America Payment Service Provider Market Share Analysis, by Singapore (2019)

Figure No.95 South America Payment Service Provider Market Share Analysis, by Application (2027)

Figure No.96 South America Payment Service Provider Market Share Analysis, by Payment Channel (2019)

Figure No.97 South America Payment Service Provider Market Share Analysis, by Payment Channel (2027)

Figure No.98 South America Payment Service Provider Market Share Analysis, by End-use (2019)

Figure No.99 South America Payment Service Provider Market Share Analysis, by End-use (2027)

Figure No.100 South America Payment Service Provider Market Share Analysis, by Country (2019)

Figure No.101 South America Payment Service Provider Market Share Analysis, by Country (2027)

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Payment Service Provider Market

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