Learn about the global payments market through The Business Research Company, which provides information on payments market size, payments market drivers and restraints, payments market players, the COVID-19 impact on the payments market, and more.

The global payments market size is expected to grow from $511.87 billion in 2021 to $572.06 billion in 2022 at a compound annual growth rate (CAGR) of 11.8%. The global payment market size is then expected to grow to $870.09 billion in 2026 at a CAGR of 11.1%.

The outbreak of COVID-19 is expected to drive the growth of the payments market over the forecast period.

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The payments market consists of sales of payments services by entities (organizations, sole traders, and partnerships) that are engaged in facilitating payment transfers between individuals, companies, or both. The payments industry 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 includes all the processing and services fees levied by the banks and financial institutions for payment processing.

Global Payments Market Segments Include:

By Type: Credit Transfer, Direct Debit, Check Payment, Cash Deposit

By Application: Banks, Non-Banking Financial Institutions, Others

By End-User Industry: Retail, Banking and Financial Service, Telecommunication, Government, Transportation, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the payments market in 2021.

The integration of biometric authentication technology in payments is a key trend gaining popularity in the payments market. Biometric authentication is a specific and significant payment method that integrates and offers accuracy, effectiveness, and protection within a single package. The methods of authentication include fingerprint scanners, facial recognition, iris recognition, pulse tracking, and venous mapping.

TBRC’s payments market report covers:

Major Market Players: PayPal, Square Inc., Apple Inc, Amazon Payments, Flagship Merchant Services, GoCardless, Bitpay, Stripe, Payline Data, FIS., ACI Worldwide, MasterCard, Fiserv.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Payments Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides payments market overviews, analyzes and forecasts market size, share, payments market players, payments market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s payments market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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Open Banking Global Market Report 2022

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Digital Payments Global Market Report 2022 

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