In October 2021, Zettle Terminal was launched. It is a new, all-in-one point-of-sale solution that provides increased mobility in-store for SMEs. By 2022, Zettle Terminal would reach the U.S. It has already been launched in the U.K. in 2021.
The market for payment processing solutions is anticipated to reach US$ 231.7 billion by 2032, growing at a 9.9% CAGR over that time. The market is anticipated to be significantly driven throughout the projected period by the expanding applications of smartphones and the expanding use of the internet globally.
Additionally, supportive actions are being made by a number of nations, including France, India, and others, which are predicted to improve the market during the forecast period. To facilitate digital payments throughout the nation, the Indian government created the Unified Payments Interface (UPI). To encourage contactless payments, the French National Cashless Payments Committee was founded in 2015.
Global financial inclusion is increasing, and there are expected to be many chances for market expansion in the future. The Reserve Bank of India estimates that by the end of March 2021, India’s Financial Inclusion Index would have reached 53.9. The market size is anticipated to increase throughout the forecast period as a result of the rising financial inclusion in emerging economies.
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Key Takeaways from the Market Study:
Competition Analysis
Major players in global payment processing solutions include Mastercard, Global Payments, Paypal, Visa, Wirecard, and others. Recent developments in the industry are:
More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the global payment processing solutions market, presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.
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Key Segments Profiled in the Payment Processing Solutions Market
Payment Processing Solutions by Payment Method:
Payment Processing Solutions by Mode of Deployment:
Payment Processing Solutions by Vertical:
Payment Processing Solutions by Region:
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Jul 14, 2023