The payments market consists of establishments primarily engaged in processing money transfers and payments between various accounts. This includes all institutions involved in payment processing such as banks, non-banking financial institutions, and others. Revenue generated from the payments market include all the processing and services fees levied by the banks and financial institutions for payment processing.
Market Analysis and Insights: Global and United States Payments Market
This report focuses on global and United States Payments market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global Payments market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, by Type, Credit Transfer accounting for % of the Payments global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Application, Banks was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.
NFC-based mobile payments are increasing rapidly and offer strong growth potential in both developed and developing countries. This growth is collectively driven by increasing competition between payment card issuers, mobile operators and smartphone manufacturers such as Apple and Samsung.
Global Payments Scope and Market Size
Payments market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Payments market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
For United States market, this report focuses on the Payments market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.
Segment by Type
Credit Transfer
Direct Debit
Check Payment
Cash Deposit
Segment by Application
Banks
Non-Banking Financial Institutions
Others
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
By Company
PayPal
FIS
Bank Of America
Industry And Commercial Bank Of China
Citi