Market Snapshot:
Online payment solutions are a virtual credit card terminal that allows customers to pay for their goods online. With flourishing e-commerce sector, online payment has witnessed widespread growth over the period, thereby paving way for online payment solutions. In addition, increasing cashless transactions across the world have brought the need for online payments solutions.
Highlights from e-Payment Solutions Market Study
Attributes | Details |
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Study Period | 2019-2029 |
Base Year | 2023 |
Unit | Value (USD Million) |
The key Players profiled in the report are Paypal Payments Pro (United States), Stripe (United States), Google (United States), Amazon Payments (United States), Adyen (Netherlands), Paysafe Group (United Kingdom), Facebook Messenger payments (United States), 2CheckOut (United States), Alipay (China) and Apple Pay (United States). Additionally, other players that are part of this comprehensive study are 2C2P (Singapore), BPay (Australia), China Union Pay Company Limited (China), E-payment Solutions (United States) and Paytm (India).
Geographic Breakdown and Segment Analysis
The Global e-Payment Solutions market presents a comprehensive analysis of the e-Payment Solutions market by end-user/application (BFSI, Retail, Healthcare, Tourism & hospitality, Media and Entertainment, Airlines, E-Commerce and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global e-Payment Solutions industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the e-Payment Solutions market
Analyst at AMA have segmented the market study of Global e-Payment Solutions market by Type, Application and Region.
Influencing Trend:
Surging High-Speed Internet Infrastructure Across the World, Especially in Emerging Nations and Rapid Growth of Consulting Services for Software and Cloud Computing
Market Growth Drivers:
Rising proliferation of smartphones and user facilitation of payment and Massive Growth in E-Commerce and Rapid Adoption of Internet Banking in Both Developed and Developing Nations
Challenges:
Increasing network vulnerabilities, data breaches and security threats
Restraints:
Lack of awareness regarding e-payment solutions in underdeveloped countries
Opportunities:
Growing government initiatives and awareness in developing countries and Increasing International Transaction among Numerous Businesses
Market Developments Activities:
In October 2023, Klarna introduced its new "Shop Now, Pay Later" (BNPL) solution for in-store purchases, available at select retailers. This expands Klarna's BNPL offerings beyond online shopping and caters to the growing demand for flexible payment options at physical stores.
Regulatory Insights:
California Consumer Privacy Act (CCPA) is passing a law for protection of data in United States which will be effective by January, 2020. It is expected to be country’s highest commendable security and privacy law. Also, SEC is taking risk prohibiting steps to overcome breaches in financial sectors specific to public listed companies to increase risk assurance.
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on production technologies, efficiency enhancement, and product life. There are various growth opportunities in this market which are captured by leading players via tracking the ongoing process enhancement and huge investment in market growth strategies.
Key Target Audience
Enterprises, New Entrance, Potential Investors, Government bodies and Others