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Payment Processing Solutions Market Study by Application, Segmentation and Regional Outlook to 2026

The ongoing market growth can further be ascribed to increasing penetration of smartphones and adoption of various mobile payment applications

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Payment Processing Solutions Market Study by Application, Segmentation and Regional Outlook to 2026

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  1. Payment Processing Solutions Market is expected to witness rapid escalation globally during 2020 - 2026 • The payment processing solutions market is projected to witness a rate of lucrative business growth over the upcoming years due to the increasing demand for safe digital channels, across various sectors, to conduct fast and secure financial transactions. The ongoing market growth can further be ascribed to increasing penetration of smartphones and adoption of various mobile payment applications. As per a new Global Market Insights, Inc., research report, payment processing solutions market is estimated to surpass a $140 billion valuation by 2026. • With the growing adoption of smartphones, key market players are focusing on innovations to differentiate their solution offerings from that of competitor. These players are adopting key strategies in order to strengthen their foothold in the payment processing solutions industry. For instance, in October 2020, Thryv Holdings, Inc., a leading provider of Thryv® software, a fully-integrated, end-to-end customer experience platform to help small businesses run and grow, reportedly announced the novel launch of its first payment processing service, ThryvPaySM. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  2. The novel software is specifically designed for service-driven small businesses. It essentially allows customers to get paid through ACH payments and credit card. The software solution also enables small businesses to book appointments, send invoices, create estimates, and get paid through a private consumer login area, online, and text, all from a single dashboard. • With respect to deployment model, the mobile deployment model segment is likely to grow substantially with a CAGR of around 10% over the forecast time period. This anticipated growth can be attributed to the high penetration of smartphones and increasing adoption of internet services. The rise of mobile payment applications has further resulted in increased peer-to-merchant as well as peer-to-peer transactions. Furthermore, numerous key players active in the market are developing new and innovative mobile payment processing solutions by incorporating POS terminals, BLEs, QR codes, and NFC. • In terms of end-user, the market is categorized into government and public sector, healthcare, BFSI, retail & e-commerce, and tourism & hospitality. Among these, the healthcare segment is anticipated to witness a respectable CAGR of more than 10% over the projected time period. It is required from healthcare organizations that they focus on facilitating secure payment gateways and improving the patient experience as a whole. At present, numerous companies actively operating in the industry are offering purpose designed payment solutions for the healthcare industry. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  3. Request for a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/3597 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  4. Regional Analysis • On the geographical front, Europe payment processing solutions sector is projected to witness substantial growth and is likely to account for more than 20% of the global industry share by the end of the forecast time period. Favorable government policies coupled with initiatives that are designed to improve digital banking infrastructure are anticipated to fuel regional growth over the forthcoming years. • Competitive Analysis • The payment gateway of Infintech would be integrated with the PCRS (Policy Claim and Reporting Solutions™) platform of PCMI. Through the new team up, PCRS administrators now have the capability of supporting both integrated credit cards and ACH from dealers. • Global Payments, Inc., Adyen, Square, Inc., PayPal Holdings, Inc., Fiserv, Inc., and Fidelity National Information Services, Inc. among many others are some of the key players operating in the payment processing solutions market © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  5. Latest Research Report On Payment Processing Solutions Market @ https://www.gminsights.com/industry-analysis/payment-processing-solutions-market Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/3597 Request for customization @https://www.gminsights.com/roc/3597 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  6. Stay In Touch You can visit us at: www.gminsights.com Thank You…! © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com www.gminsights.com

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