Enterprise Payments Solutions Market Scope
Enterprise payments solutions is a comprehensive payment engine that accepts a variety of payment types, manages the risks surrounding those payments, and processes them with particular channels. The solutions are helping to make, receive and process enterprise business transactions. It also improves visibility into a cash position for optimization.
Global Enterprise Payments Solutions is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Services and Solutions. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Enterprise Payments Solutions market throughout the predicted period.
Fiserv (United States), Jack Henry (United States), PayPal (United States), Payscout (United States), FIS (United States), Oracle Corporation (United States), Sage (United Kingdom) and Ripple (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are MineralTree (United States), Square (United States) and Tipalti (United States).
Segmentation Overview
The study have segmented the market of Global Enterprise Payments Solutions market by Type (EPS Platform, Check Conversion and ProfitStars® EPS SmartPay Express) and Region with country level break-up.
On the basis of geography, the market of Enterprise Payments Solutions has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Faster Payment Expectations and Increasing Regulatory Pressure
Market Growth Drivers:
Rising Number of Multiple Accounts and Payment Schemes
Challenges:
Regulatory Guidelines on the use of the Enterprise Payments Solutions
Restraints:
Lack of Trained Staff
Opportunities:
Increasing Fraud Activities can create Opportunities for the Enterprise Payments Solutions Market Growth
Market Leaders and their Expansionary Development Strategies
In December 2023, Fiserv, Inc. a leading global provider of payments and financial services technology solutions, today announced executive leadership changes that will take effect in 2024 Jennifer (Jenn) LaClair, will lead Global Business Solutions, beginning on January 1, 2024. She currently serves as Chief Revenue Officer for Fiserv and will succeed Suzan Kereere who is leaving Fiserv at the end of 2023.
In October 2021, Fiserv launched a Program to Bring Real-Time P2P Payments to Minority Depository Institutions. The new launch helps to build long-lasting relationships with customers, and that means continually evolving offerings to meet their needs.
As per the RBI, "Non-bank PAs shall require authorization from RBI under the Payment and Settlement Systems Act."
Key Target Audience
Enterprise Payments Solutions Providers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.