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.
In 2018, the global Payments market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Payments status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Payments development in United States, Europe and China.
The key players covered in this study
Bank Of America
Industry And Commercial Bank Of China
Market segment by Type, the product can be split into
Market segment by Application, split into
Non-Banking Financial Institutions
Market segment by Regions/Countries, this report covers
Central & South America
The study objectives of this report are:
To analyze global Payments status, future forecast, growth opportunity, key market and key players.
To present the Payments development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Payments are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.