"Smart Strategies, Giving Speed to your Growth Trajectory"

Payment as a service Market Size, Share & Industry Analysis, By Component (Platform, Services), By Service (Professional service, Managed service), By End User (Media and Entertainment, Healthcare, Energy and Utilities) And Regional Forecast, 2024-2032

Region : Global | Report ID: FBI105888 | Status : Ongoing



Payment as a service market offers an end user to make epayments by using debit cards, credit cards and bank transfer based on online banking. It is a third party transferring technique which help retailer to accept wide variety of online payment through one single mode.

Payment as service market provide a quick and secure payment experience for end user. Adoption of techniques such as artificial intelligence (AI) based payment option and machine learning (ML) is expected to drive the growth of the market. Payments made through e-wallet, debit card, credit card are more likely to reduce transaction time, provide efficiency and provide safe and secure payment experience for the user which would anticipate for the further growth of the market.

Outbreak of COVID-19 is likely to drive the growth of the market as customers are using digital payments, contactless payments. Digital payment has become important for sellers and consumers in order to protect themselves during pandemic.

Key Market Driver -

• Adoption of digital payment technique by retailers. • Availability of digital payments options. • Wide range of features are being introduced by vendors such as AI enabled payment options

Key Market Restraint -

• Global standards for cross border payments. • Online fraud to hamper the growth of the market

Key Players Covered:

Major market player in payment as a service market are First Data, TSYS, Paysafe, Verifone, Aurus, Alpha Fintech, Ingenico, First American Payment System, Pineapple Payment, PPRO, PayStand, Valitor, FIS, Helcim, allpago and others.

Companies are providing secure and risk free environment for end users which ensure that payment should be made using authentic sources and no fraud should be detected during the transaction period. Major vendor are enhancing their product regularly to meet the requirement of the market.

Regional Analysis:

Europe and North America are expected to show the highest market share, as many of the leading payment options such as Apple pay, Google pay, and Paypal are being offered across region. The payment as a service market is very competitive in Europe and North America due to the presence of many payment service providers. The growth in Europe is mainly due to countries like U.K. and Germany whereas in North America countries contributing highest growth rate are U.S. and Canada.

Asia Pacific is anticipated to be fastest growing market in payment market as a service market. The growth is mainly due to strong economies in the market such as China, Japan, New Zealand, Australia and South Korea. Countries in this region has undertaken many initiatives such as promoting the cross border banking transaction which would further help in drive the growth of the market.

Whereas, Middle East and Africa have also seen significant growth in payment as a service market, the stores and services across the region are adopting new payment gateways such as Google pay, Apple pay, and other such applications to accept payments.

To gain extensive insights into the market, Request for Customization




By  Component


  • Platform

  • Services

By  Service                        

  • Professional service

  • Managed service

By End User

  • Media and Entertainment

  • Healthcare

  • Energy and Utilities

  • Transportation

  • Architecture and engineering

  • Government and Defense

  • Others

By Region

  • North America (United States, Canada, and Mexico)

  • South America (Brazil, Argentina, and Rest of South America)

  • Europe (U.K., Germany, France, Italy, Spain, Russia, Benelux, Nordics, and Rest of Europe)

  • Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, and Rest of the Middle East & Africa)

  • Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, and Rest of Asia Pacific)

Key Industry Developments

  • In September 2019 – Global payment Inc merged with TSYS  to provide innovative payments and software solutions to end users. It would provide its services in 100 cvountries with over 600 million end users.

  • In May 2019 – Ingenico epayments announced its partnership with Radial. Ingenico payments to provide a top layer of protection such as fraud detection using machine learning and big data. The combined solution of Radial and Ingenico payments make it easy for retailers to maximize sales without exposing themselves into fraud risks.

  • In April 2019 – Paysafe payments expanding its business with payment sources to include online portal allowing tax and bill payments

  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Information & Technology Clients

Bain & Company

Client Testimonials

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.