Payment Services Provider Market

Payment service providers ? also known as merchant service providers or PSPs ? are third parties that help merchants accept payments. Simply put, payment service providers enable merchants to accept credit/debit payments (as well as Direct Debit, bank transfer, real-time bank transfer, etc.) by connecting them to the broader financial world. They provide both a merchant account and a payment gateway, ensuring that businesses can collect and manage their payments in a simple and efficient way.
Payment Services Provider Market contains market size and forecasts of Payment Services Provider in Global, including the following market information:
Global Payment Services Provider Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Payment Services Provider market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Online Payment Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Payment Services Provider include Worldline, FIS (Worldpay), PayPal, Stripe, Apple Pay, Mastercard, Amazon Payments, Nexi Payments SpA and Arvato, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Payment Services Provider companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Payment Services Provider Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Payment Services Provider Market Segment Percentages, by Type, 2021 (%)
Online Payment
Offline Payment
Global Payment Services Provider Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Payment Services Provider Market Segment Percentages, by Application, 2021 (%)
E-commerce
Retail
Hospitality
Utilities and Telecommunication
Others
Global Payment Services Provider Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Payment Services Provider Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Payment Services Provider revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Payment Services Provider revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Worldline
FIS (Worldpay)
PayPal
Stripe
Apple Pay
Mastercard
Amazon Payments
Nexi Payments SpA
Arvato
Poste Italiane
Paysafe Group
Adyen
SIBS
Shopify
Lyra Network
Vodafone Wallet
Axepta SpA
TWINT
Paylib
MobilePay
Tesco Pay+
Paym