Industry Background:
Cards and payments are used for all banking and nonbanking transactions, it is specialized in nature with integrated EMV technology for enhances security in payments and transactions. The payment and cards provide coverages of the entire lifecycle for all types of cards like a credit card, debit card, charge card, ATM card, stored-value card, fleet card, and others. It gives operating environments, core technology requirements, risk management, and other supporting services.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Mastercard Inc. (United States), IntegraPay (United States), Visa Inc. (United States), Cardlink (Greece), PayPal Holdings, Inc. (United States), FIS Payments (United States), Bankingblocks (United Kingdom), Merchant Warrior (Australia), SecurePay (Australia), Barclays (United Kingdom), JPMorgan Chase & Co. (United States), PayMate (India), SafetyPay (United States) and Eway (Australia) |
According to AMA, the market for Cards and Payments is expected to register a CAGR of 10.4% during the forecast period to 2030. This growth is primarily driven by Increasing Advancement in the Baking Operations and Growing Phishing Threats Requires High Level of Payment Security.
Globally, a noticeable market trend is evident Emerging EMV Technology in the Card Payments Activities Major Players, such as Mastercard Inc. (United States), IntegraPay (United States), Visa Inc. (United States), Cardlink (Greece), PayPal Holdings, Inc. (United States), FIS Payments (United States), Bankingblocks (United Kingdom), Merchant Warrior (Australia), SecurePay (Australia), Barclays (United Kingdom), JPMorgan Chase & Co. (United States), PayMate (India), SafetyPay (United States) and Eway (Australia), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 5th March 2021, Mastercard completed its acquisition of the majority of the Corporate Services business of Nets, a leading European PayTech company, having met the conditions set out by the European Commission. The additions to Mastercard will support a broader set of account-to-account capabilities, including clearing and settlement instant payment infrastructure, bill payment, and E-invoicing applications.
On 30th November 2021, Mastercard and its partners, TSYS, a Global Payments company, and Extend, introduced a mobile virtual card solution that enables virtual corporate cards to be easily loaded into a mobile wallet for fast and secure contactless payments.
Influencing Trend:
Emerging EMV Technology in the Card Payments Activities
Market Growth Drivers:
Increasing Advancement in the Baking Operations and Growing Phishing Threats Requires High Level of Payment Security
Challenges:
Regulatory Standards Associated with Cards and Payments
Restraints:
Issues with Rising Card Frauds with Cards and Payments Market
Opportunities:
Surging Demand for Cards and Payments from the Developing Nations Shifting Towards the Card Payment Options for Secured Payments
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Cards and Payments Market
- Analysis about New Entrants in Cards and Payments Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Cards and Payments Study Sheds Light on
The Cards and Payments Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Cards and Payments industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cards and Payments industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.