Payments Global Market 2020 and Forecast 2021-2027

                                          
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.

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.

Market Analysis and Insights: Global Payments Market


The global Payments market size is projected to reach US$ XX million by 2026, from US$ XX million in 2020, at a CAGR of XX% during 2021-2026.

With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Payments market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Payments market in terms of revenue.

On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Payments market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Payments market.

Payments Breakdown Data by Type

 	
Credit Transfer
 	
Direct Debit
 	
Check Payment
 	
Cash Deposit

Payments Breakdown Data by Application

 	
Banks
 	
Non-Banking Financial Institutions
 	
Others

In the competitive analysis section of the report, leading as well as prominent players of the global Payments market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.

The following players are covered in this report:

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


This research comprehensively answers the following 9 important questions:

 	
Q.1. What are some of the most promising growth trends in the Payments market worldwide?
 	
Q.2.Which segments and sub-segments will grow at a faster pace and why? Which segment is nearing the peak and demand saturation?
 	
Q.3.Which region will witness a higher growth rate and why? Which region might see a slower or negative growth?
 	
Q.4.What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in Payments market?
 	
Q.5.What are the business risks and who pose challenges to the global leaders and are competitive threats in this Payments market?
 	
Q.6.What are the emerging trends post COVID-19 reshuffle in this Payments market and the what are reasons behind these trends and do they translate in global exploration?
 	
Q.7. Who are the major global and regional players in the Payments market? Which are the strategic initiatives key players are pursuing for business growth?
 	
Q.8.Which are the competing products in Payments market and how big of a threat do they pose for loss of market share by material or product substitution?
 	
Q.9.What M & A activity has occurred in the last 5 years and what is its impact on the Payments industry?