Payment Processing Solutions Market Size, Share, Trends, Industry Analysis Report: By Mode of Payment, Deployment Type, End-User Industry, and Region

Description

List of Tables

The payment processing solutions market size is expected to reach USD 259.20 billion by 2034, according to a new study by Polaris Market Research. The report "Payment Processing Solutions Market Size, Share, Trends, Industry Analysis Report: By Mode of Payment, Deployment Type (On-Premise and Cloud-Based), End-User Industry, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2025 - 2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.

The Payment Processing Solutions Market refers to the industry that provides technologies and services enabling businesses to accept and process electronic payments securely and efficiently. These solutions include payment gateways, point-of-sale (POS) systems, mobile payment platforms, and digital wallets that facilitate transactions across various channels, including online, in-store, and mobile commerce.

The market is experiencing rapid growth due to the increasing adoption of digital payments, driven by the global shift toward cashless transactions. Rising e-commerce activities, advancements in financial technology, and the growing penetration of smartphones and internet connectivity are key factors fueling market expansion. Businesses are also prioritizing seamless, secure, and convenient payment experiences to enhance customer satisfaction, leading to greater demand for advanced payment solutions.

The increasing adoption of contactless payments and QR-based transactions, particularly after the COVID-19 pandemic, has further accelerated the market's growth. Additionally, regulatory initiatives promoting digital transactions, the emergence of blockchain-based payments, and the rise of embedded finance solutions are driving innovation in the sector. Security concerns, fraud prevention, and compliance with data protection regulations also play a crucial role in shaping the market landscape. As businesses continue to digitize, the payment processing solutions market is expected to witness sustained growth in the coming years.

Payment Processing Solutions Market Report Highlights

In 2024, the retail sector dominated the global market due to the rising trend of online shopping and the integration of advanced payment systems at physical stores.

Based on mode of payment, e-wallets segment had largest payment processing solutions market share, driven by the adoption of smartphones and the convenience they offer to users.

In 2024, North America dominated the market, due to its advanced digital infrastructure and widespread adoption of cashless payment systems.

Asia Pacific is poised for rapid growth during the forecast period, driven by increasing internet penetration, rising smartphone usage, and government initiatives promoting financial inclusion.

The global key market players are PayPal Holdings, Inc.; Visa Inc.; Mastercard Incorporated; Square, Inc. (Block, Inc.); Stripe, Inc.; Adyen NV; Worldline SA; Fiserv, Inc.; Global Payments Inc.; Alipay (Ant Group); Amazon Pay; PayU (Prosus Group); Clover Network, Inc. (Fiserv); Revolut Ltd.; and Paysafe Group.

Polaris Market Research has segmented the payment processing solutions market report based on mode of payment, deployment type, end-user industry, and region:

By Mode of Payment Outlook (Revenue, USD Billion, 2020 - 2034)

Credit Cards
Debit Cards
E-Wallets
Bank Transfers
Cryptocurrencies

By Deployment Type Outlook (Revenue, USD Billion, 2020 - 2034)

On-Premise
Cloud-Based

By End-User Industry Outlook (Revenue, USD Billion, 2020 - 2034)

Retail
BFSI
Healthcare
Hospitality
Transportation

By Regional Outlook (Revenue, USD Billion, 2020 - 2034)

North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Netherlands
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Malaysia
South Korea
Indonesia
Australia
Vietnam
Rest of Asia-Pacific
Middle East & Africa
Saudi Arabia
UAE
Israel
South Africa
Rest of Middle East & Africa
Latin America
Mexico
Brazil
Argentina
Rest of Latin America

Product Code: PM2612

1. Introduction

1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary

2.1. Market Highlights

3. Research Methodology

3.1. Overview
- 3.1.1. Data Mining
3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources

4. Global Payment Processing Solution Market Insights

4.1. Payment Processing Solution Market - Market Snapshot
4.2. Payment Processing Solution Market Dynamics
- 4.2.1. Drivers and Opportunities
  - 4.2.1.1. Surge in Digital Payment Adoption
  - 4.2.1.2. Government Initiatives
- 4.2.2. Restraints and Challenges
  - 4.2.2.1. High Initial Cost
4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Payment Processing Solution Market Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. Global Payment Processing Solution Market, by Mode of Payment

5.1. Key Findings
5.2. Introduction
- 5.2.1. Global Payment Processing Solution Market, by Mode of Payment, 2020-2034 (USD billion)
5.3. Credit Cards
- 5.3.1. Global Payment Processing Solution Market, by Credit Cards, by Region, 2020-2034 (USD billion)
5.4. Debit Cards
- 5.4.1. Global Payment Processing Solution Market, by Debit Cards, by Region, 2020-2034 (USD billion)
5.5. E-Wallets
- 5.5.1. Global Payment Processing Solution Market, by E-Wallets, by Region, 2020-2034 (USD billion)
5.6. Bank Transfers
- 5.6.1. Global Payment Processing Solution Market, by Bank Transfers, by Region, 2020-2034 (USD billion)
5.7. Cryptocurrencies
- 5.7.1. Global Payment Processing Solution Market, by Cryptocurrencies, by Region, 2020-2034 (USD billion)

6. Global Payment Processing Solution Market, by Deployment Type

6.1. Key Findings
6.2. Introduction
- 6.2.1. Global Payment Processing Solution Market, by Deployment Type, 2020-2034 (USD billion)
6.3. On-Premise
- 6.3.1. Global Payment Processing Solution Market, by On-Premise, by Region, 2020-2034 (USD billion)
6.4. Cloud-Based
- 6.4.1. Global Payment Processing Solution Market, by Cloud-Based, by Region, 2020-2034 (USD billion)

7. Global Payment Processing Solution Market, by End User Industry

7.1. Key Findings
7.2. Introduction
- 7.2.1. Global Payment Processing Solution Market, by End User Industry, 2020-2034 (USD billion)
7.3. Retail
- 7.3.1. Global Payment Processing Solution Market, by Retail, by Region, 2020-2034 (USD billion)
7.4. BFSI
- 7.4.1. Global Payment Processing Solution Market, by BFSI, by Region, 2020-2034 (USD billion)
7.5. Healthcare
- 7.5.1. Global Payment Processing Solution Market, by Healthcare, by Region, 2020-2034 (USD billion)
7.6. Hospitality
- 7.6.1. Global Payment Processing Solution Market, by Hospitality, by Region, 2020-2034 (USD billion)
7.7. Transportation
- 7.7.1. Global Payment Processing Solution Market, by Transportation, by Region, 2020-2034 (USD billion)

8. Global Payment Processing Solution Market, by Geography

8.1. Key Findings
8.2. Introduction
- 8.2.1. Payment Processing Solution Market Assessment, By Geography, 2020-2034 (USD billion)
8.3. Payment Processing Solution Market - North America
- 8.3.1. North America: Payment Processing Solution Market, by Mode of Payment, 2020-2034 (USD billion)
- 8.3.2. North America: Payment Processing Solution Market, by Deployment Type, 2020-2034 (USD billion)
- 8.3.3. North America: Payment Processing Solution Market, by End User Industry, 2020-2034 (USD billion)
- 8.3.4. Payment Processing Solution Market - U.S.
  - 8.3.4.1. U.S.: Payment Processing Solution Market, by Mode of Payment, 2020-2034 (USD billion)
  - 8.3.4.2. U.S.: Payment Processing Solution Market, by Deployment Type, 2020-2034 (USD billion)
  - 8.3.4.3. U.S.: Payment Processing Solution Market, by End User Industry, 2020-2034 (USD billion)
- 8.3.5. Payment Processing Solution Market - Canada
  - 8.3.5.1. Canada: Payment Processing Solution Market, by Mode of Payment, 2020-2034 (USD billion)
  - 8.3.5.2. Canada: Payment Processing Solution Market, by Deployment Type, 2020-2034 (USD billion)
  - 8.3.5.3. Canada: Payment Processing Solution Market, by End User Industry, 2020-2034 (USD billion)
8.4. Payment Processing Solution Market - Europe
- 8.4.1. Europe: Payment Processing Solution Market, by Mode of Payment, 2020-2034 (USD billion)
- 8.4.2. Europe: Payment Processing Solution Market, by Deployment Type, 2020-2034 (USD billion)
- 8.4.3. Europe: Payment Processing Solution Market, by End User Industry, 2020-2034 (USD billion)
- 8.4.4. Payment Processing Solution Market - UK
  - 8.4.4.1. UK: Payment Processing Solution Market, by Mode of Payment, 2020-2034 (USD billion)
  - 8.4.4.2. UK: Payment Processing Solution Market, by Deployment Type, 2020-2034 (USD billion)
  - 8.4.4.3. UK: Payment Processing Solution Market, by End User Industry, 2020-2034 (USD billion)
- 8.4.5. Payment Processing Solution Market - France
  - 8.4.5.1. France: Payment Processing Solution Market, by Mode of Payment, 2020-2034 (USD billion)
  - 8.4.5.2. France: Payment Processing Solution Market, by Deployment Type, 2020-2034 (USD billion)
  - 8.4.5.3. France: Payment Processing Solution Market, by End User Industry, 2020-2034 (USD billion)
- 8.4.6. Payment Processing Solution Market - Germany
  - 8.4.6.1. Germany: Payment Processing Solution Market, by Mode of Payment, 2020-2034 (USD billion)
  - 8.4.6.2. Germany: Payment Processing Solution Market, by Deployment Type, 2020-2034 (USD billion)
  - 8.4.6.3. Germany: Payment Processing Solution Market, by End User Industry, 2020-2034 (USD billion)
- 8.4.7. Payment Processing Solution Market - Italy
  - 8.4.7.1. Italy: Payment Processing Solution Market, by Mode of Payment, 2020-2034 (USD billion)
  - 8.4.7.2. Italy: Payment Processing Solution Market, by Deployment Type, 2020-2034 (USD billion)
  - 8.4.7.3. Italy: Payment Processing Solution Market, by End User Industry, 2020-2034 (USD billion)
- 8.4.8. Payment Processing Solution Market - Spain
  - 8.4.8.1. Spain: Payment Processing Solution Market, by Mode of Payment, 2020-2034 (USD billion)
  - 8.4.8.2. Spain: Payment Processing Solution Market, by Deployment Type, 2020-2034 (USD billion)
  - 8.4.8.3. Spain: Payment Processing Solution Market, by End User Industry, 2020-2034 (USD billion)
- 8.4.9. Payment Processing Solution Market - Netherlands
  - 8.4.9.1. Netherlands: Payment Processing Solution Market, by Mode of Payment, 2020-2034 (USD billion)
  - 8.4.9.2. Netherlands: Payment Processing Solution Market, by Deployment Type, 2020-2034 (USD billion)
  - 8.4.9.3. Netherlands: Payment Processing Solution Market, by End User Industry, 2020-2034 (USD billion)
- 8.4.10. Payment Processing Solution Market - Russia
  - 8.4.10.1. Russia: Payment Processing Solution Market, by Mode of Payment, 2020-2034 (USD billion)
  - 8.4.10.2. Russia: Payment Processing Solution Market, by Deployment Type, 2020-2034 (USD billion)
  - 8.4.10.3. Russia: Payment Processing Solution Market, by End User Industry, 2020-2034 (USD billion)
- 8.4.11. Payment Processing Solution Market - Rest of Europe
  - 8.4.11.1. Rest of Europe: Payment Processing Solution Market, by Mode of Payment, 2020-2034 (USD billion)
  - 8.4.11.2. Rest of Europe: Payment Processing Solution Market, by Deployment Type, 2020-2034 (USD billion)
  - 8.4.11.3. Rest of Europe: Payment Processing Solution Market, by End User Industry, 2020-2034 (USD billion)
8.5. Payment Processing Solution Market - Asia Pacific
- 8.5.1. Asia Pacific: Payment Processing Solution Market, by Mode of Payment, 2020-2034 (USD billion)
- 8.5.2. Asia Pacific: Payment Processing Solution Market, by Deployment Type, 2020-2034 (USD billion)
- 8.5.3. Asia Pacific: Payment Processing Solution Market, by End User Industry, 2020-2034 (USD billion)
- 8.5.4. Payment Processing Solution Market - China
  - 8.5.4.1. China: Payment Processing Solution Market, by Mode of Payment, 2020-2034 (USD billion)
  - 8.5.4.2. China: Payment Processing Solution Market, by Deployment Type, 2020-2034 (USD billion)
  - 8.5.4.3. China: Payment Processing Solution Market, by End User Industry, 2020-2034 (USD billion)
- 8.5.5. Payment Processing Solution Market - India
  - 8.5.5.1. India: Payment Processing Solution Market, by Mode of Payment, 2020-2034 (USD billion)
  - 8.5.5.2. India: Payment Processing Solution Market, by Deployment Type, 2020-2034 (USD billion)
  - 8.5.5.3. India: Payment Processing Solution Market, by End User Industry, 2020-2034 (USD billion)
- 8.5.6. Payment Processing Solution Market - Malaysia
  - 8.5.6.1. Malaysia: Payment Processing Solution Market, by Mode of Payment, 2020-2034 (USD billion)
  - 8.5.6.2. Malaysia: Payment Processing Solution Market, by Deployment Type, 2020-2034 (USD billion)
  - 8.5.6.3. Malaysia: Payment Processing Solution Market, by End User Industry, 2020-2034 (USD billion)
- 8.5.7. Payment Processing Solution Market - Japan
  - 8.5.7.1. Japan: Payment Processing Solution Market, by Mode of Payment, 2020-2034 (USD billion)
  - 8.5.7.2. Japan: Payment Processing Solution Market, by Deployment Type, 2020-2034 (USD billion)
  - 8.5.7.3. Japan: Payment Processing Solution Market, by End User Industry, 2020-2034 (USD billion)
- 8.5.8. Payment Processing Solution Market - Indonesia
  - 8.5.8.1. Indonesia: Payment Processing Solution Market, by Mode of Payment, 2020-2034 (USD billion)
  - 8.5.8.2. Indonesia: Payment Processing Solution Market, by Deployment Type, 2020-2034 (USD billion)
  - 8.5.8.3. Indonesia: Payment Processing Solution Market, by End User Industry, 2020-2034 (USD billion)
- 8.5.9. Payment Processing Solution Market - South Korea
  - 8.5.9.1. South Korea: Payment Processing Solution Market, by Mode of Payment, 2020-2034 (USD billion)
  - 8.5.9.2. South Korea: Payment Processing Solution Market, by Deployment Type, 2020-2034 (USD billion)
  - 8.5.9.3. South Korea: Payment Processing Solution Market, by End User Industry, 2020-2034 (USD billion)
- 8.5.10. Payment Processing Solution Market - Australia
  - 8.5.10.1. Australia: Payment Processing Solution Market, by Mode of Payment, 2020-2034 (USD billion)
  - 8.5.10.2. Australia: Payment Processing Solution Market, by Deployment Type, 2020-2034 (USD billion)
  - 8.5.10.3. Australia: Payment Processing Solution Market, by End User Industry, 2020-2034 (USD billion)
- 8.5.11. Payment Processing Solution Market - Rest of Asia Pacific
  - 8.5.11.1. Rest of Asia Pacific: Payment Processing Solution Market, by Mode of Payment, 2020-2034 (USD billion)
  - 8.5.11.2. Rest of Asia Pacific: Payment Processing Solution Market, by Deployment Type, 2020-2034 (USD billion)
  - 8.5.11.3. Rest of Asia Pacific: Payment Processing Solution Market, by End User Industry, 2020-2034 (USD billion)
8.6. Payment Processing Solution Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Payment Processing Solution Market, by Mode of Payment, 2020-2034 (USD billion)
- 8.6.2. Middle East & Africa: Payment Processing Solution Market, by Deployment Type, 2020-2034 (USD billion)
- 8.6.3. Middle East & Africa: Payment Processing Solution Market, by End User Industry, 2020-2034 (USD billion)
- 8.6.4. Payment Processing Solution Market - Saudi Arabia
  - 8.6.4.1. Saudi Arabia: Payment Processing Solution Market, by Mode of Payment, 2020-2034 (USD billion)
  - 8.6.4.2. Saudi Arabia: Payment Processing Solution Market, by Deployment Type, 2020-2034 (USD billion)
  - 8.6.4.3. Saudi Arabia: Payment Processing Solution Market, by End User Industry, 2020-2034 (USD billion)
- 8.6.5. Payment Processing Solution Market - UAE
  - 8.6.5.1. UAE: Payment Processing Solution Market, by Mode of Payment, 2020-2034 (USD billion)
  - 8.6.5.2. UAE: Payment Processing Solution Market, by Deployment Type, 2020-2034 (USD billion)
  - 8.6.5.3. UAE: Payment Processing Solution Market, by End User Industry, 2020-2034 (USD billion)
- 8.6.6. Payment Processing Solution Market - Israel
  - 8.6.6.1. Israel: Payment Processing Solution Market, by Mode of Payment, 2020-2034 (USD billion)
  - 8.6.6.2. Israel: Payment Processing Solution Market, by Deployment Type, 2020-2034 (USD billion)
  - 8.6.6.3. Israel: Payment Processing Solution Market, by End User Industry, 2020-2034 (USD billion)
- 8.6.7. Payment Processing Solution Market - South Africa
  - 8.6.7.1. South Africa: Payment Processing Solution Market, by Mode of Payment, 2020-2034 (USD billion)
  - 8.6.7.2. South Africa: Payment Processing Solution Market, by Deployment Type, 2020-2034 (USD billion)
  - 8.6.7.3. South Africa: Payment Processing Solution Market, by End User Industry, 2020-2034 (USD billion)
- 8.6.8. Payment Processing Solution Market - Rest of Middle East & Africa
  - 8.6.8.1. Rest of Middle East & Africa: Payment Processing Solution Market, by Mode of Payment, 2020-2034 (USD billion)
  - 8.6.8.2. Rest of Middle East & Africa: Payment Processing Solution Market, by Deployment Type, 2020-2034 (USD billion)
  - 8.6.8.3. Rest of Middle East & Africa: Payment Processing Solution Market, by End User Industry, 2020-2034 (USD billion)
8.7. Payment Processing Solution Market - Latin America
- 8.7.1. Latin America: Payment Processing Solution Market, by Mode of Payment, 2020-2034 (USD billion)
- 8.7.2. Latin America: Payment Processing Solution Market, by Deployment Type, 2020-2034 (USD billion)
- 8.7.3. Latin America: Payment Processing Solution Market, by End User Industry, 2020-2034 (USD billion)
- 8.7.4. Payment Processing Solution Market - Mexico
  - 8.7.4.1. Mexico: Payment Processing Solution Market, by Mode of Payment, 2020-2034 (USD billion)
  - 8.7.4.2. Mexico: Payment Processing Solution Market, by Deployment Type, 2020-2034 (USD billion)
  - 8.7.4.3. Mexico: Payment Processing Solution Market, by End User Industry, 2020-2034 (USD billion)
- 8.7.5. Payment Processing Solution Market - Brazil
  - 8.7.5.1. Brazil: Payment Processing Solution Market, by Mode of Payment, 2020-2034 (USD billion)
  - 8.7.5.2. Brazil: Payment Processing Solution Market, by Deployment Type, 2020-2034 (USD billion)
  - 8.7.5.3. Brazil: Payment Processing Solution Market, by End User Industry, 2020-2034 (USD billion)
- 8.7.6. Payment Processing Solution Market - Argentina
  - 8.7.6.1. Argentina: Payment Processing Solution Market, by Mode of Payment, 2020-2034 (USD billion)
  - 8.7.6.2. Argentina: Payment Processing Solution Market, by Deployment Type, 2020-2034 (USD billion)
  - 8.7.6.3. Argentina: Payment Processing Solution Market, by End User Industry, 2020-2034 (USD billion)
- 8.7.7. Payment Processing Solution Market - Rest of Latin America
  - 8.7.7.1. Rest of Latin America: Payment Processing Solution Market, by Mode of Payment, 2020-2034 (USD billion)
  - 8.7.7.2. Rest of Latin America: Payment Processing Solution Market, by Deployment Type, 2020-2034 (USD billion)
  - 8.7.7.3. Rest of Latin America: Payment Processing Solution Market, by End User Industry, 2020-2034 (USD billion)

9. Competitive Landscape

9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions

10. Company Profiles

10.1. PayPal Holdings, Inc.
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
10.2. Visa Inc.
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
10.3. Mastercard Incorporated
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
10.4. Square, Inc. (Block, Inc.)
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
10.5. Stripe, Inc.
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
10.6. Adyen NV
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
10.7. Worldline SA
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
10.8. Fiserv, Inc.
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
10.9. Global Payments Inc.
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
10.10. Alipay (Ant Group)
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
10.11. Amazon Pay
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
10.12. PayU (Prosus Group)
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
10.13. Clover Network, Inc. (Fiserv)
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
10.14. Revolut Ltd.
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development
10.15. Paysafe Group
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Recent Development