Global Payments Market Report 2019 - Market Size, Share, Price, Trend and Forecast

GLOBAL PAYMENTS MARKET OVERVIEW

The prominence of payments has undeniably increased in the global financial services scheme over the years.

While the Asia-Pacific region and China, in particular, has been the development of motor unsurprisingly, there is no shortage of opportunities for companies of all nations and categories to follow, both geographic and channel-based. The exciting development, in reality, belies a sector amid a significant disturbance in which fresh and reworked business models pose competitive threats. To guarantee their place in the value chain, even established companies in this robust industry may need to consider short-term conversion.

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Per-transaction income metrics are under intense pressure; luckily, transaction growth fundamentals are healthy, generating possibilities for redesigning back-office procedures to continue delivering impressive scale margins despite changing dynamics

Payments Market Report covers in-depth about four key segments, namely, Competitor Segment, Product Type Segment, End-Use/application Segment, And Geography Segment.

REGION WISE MARKET ANALYSIS

• As has been the case for several years, payment income development is dominated by the Asia-Pacific region. The area now accounts for almost half of global payment revenue at more than $900 billion, compared to less than a quarter just six years ago.

• EMEA earnings were likewise close to flat, a trend that has persisted over the previous decade. Eastern European and African developing nations have achieved elevated single-digit development, compensating for nominal decreases in Western Europe. Fee sales were the primary growth factor, while a constant low-interest-rate atmosphere— which sometimes reaches adverse concentrations— is an impetus to development.

• The payments industry in Latin America has been the fastest-growing industry in the latest past among the primary areas (although off the lowest income pool). While several Latin American nations continued to generate double-digit development in 2017, the payment sector in Brazil–the dominant income engine in the region–was hampered by regulatory intervention aimed at loan card prices.

• North America has become the first region to perform more than half of its transactions electronically. It brings other areas on this dimension far and away at 450 electronic transactions per capita per year.

• European nations such as Sweden and Norway execute no more than 20% of their money transactions while producing 520 per capita non-cash transactions per year.

SEGMENTS AND CLASSIFICATION

The global Payments Market Report has been classified into three sections based on type, region and

Segments In Global Payments Market Report Based On Type

• Credit Transfer
• Direct Debit
• Check Payment
• Cash Deposit

Segments In Global Payments Market Report Based On Application

•  Banks
•  Non-Banking Financial Institutions
•  Others

Segments In Global Payments Market Report Based On Application

•  North America
•  South America
•  Asia & Pacific
•  Europe
• MEA (Middle East and Africa)

FEATURED COMPANY

In the global payments industry, the competitive rivalry is mild, as a decent amount of players prevail. Despite several companies being studied in the industry, companies are needed to continue to innovate their goods to achieve a viable competitive advantage over their competitors and provide product differentiation.

• PayPal
• FIS
• Bank Of America
• Industry And Commercial Bank Of China
• Citi

WHAT THE REPORT HAS TO OFFER

Payments Market Report offers essential statistics on the payments market status and is a useful source of market intelligence for industry-interested businesses and people. The report further estimates market trends in the payments sector in 2019-2024. Upstream raw materials analysis, downstream demand, and present market dynamics are also conducted.