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Market Snapshot

CAGR:9.57

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	9.57

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Report Overview

The Third Party Payment Market is set for substantial growth, projected to achieve a CAGR of 12.87% between 2022 and 2032. The market size is forecasted to increase by USD 8,579.23 million during this period. Third party payment refers to the process of using an intermediary platform to facilitate electronic transactions between buyers and sellers, providing secure and convenient payment options.

Third Party Payment Market Overview:

Drivers:

The increasing adoption of digital payments and the growth of e-commerce are key drivers of the third party payment market. Consumers and businesses prefer secure and efficient payment methods for online purchases, driving the demand for third party payment platforms.

Moreover, the focus on financial inclusion and expanding access to digital payment services is accelerating market growth. Third party payment platforms enable users without traditional banking services to participate in the digital economy.

Trends:

The integration of mobile wallets and contactless payment options in third party payment platforms is a prominent trend shaping the market. Mobile wallets offer convenient and quick payment options for in-store and online transactions.

Additionally, the emergence of blockchain and cryptocurrencies in third party payments is influencing market adoption. Blockchain technology provides transparency and security to transactions, while cryptocurrencies offer alternative payment methods.

Restraints:

Challenges related to regulatory compliance, data security, and fraud prevention can restrain the third party payment market growth. Ensuring compliance with varying regulations across regions and safeguarding sensitive payment data are crucial considerations.

Furthermore, the need for interoperability and seamless integration with various payment systems can be barriers. Establishing compatibility with different payment methods and platforms requires technical expertise.

Third Party Payment Market Segmentation by Payment Method: The "Digital Wallets" segment is expected to witness significant growth within the third party payment market. Digital wallets offer users a secure and convenient way to store payment information and make transactions.

Third Party Payment Market Segmentation by End User: The "Retail & E-commerce" segment is anticipated to experience substantial growth. Retailers and e-commerce platforms leverage third party payment services to offer diverse payment options to customers.

Regional Overview:

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Asia-Pacific (APAC) is projected to contribute significantly to the global third party payment market, accounting for 45% of the market's growth during the forecast period. The region's increasing internet penetration, expanding digital economy, and adoption of mobile payments drive its leadership in the market.

The growth of e-commerce, digital wallets, and government initiatives promoting cashless transactions further boost the demand for third party payment services in APAC.

Third Party Payment Market Customer Landscape: The report covers the customer adoption lifecycle, analyzing the factors influencing the adoption of third party payment services, from early adopters to more risk-averse users. It includes regional adoption trends and price sensitivity drivers, aiding companies in refining their growth strategies.

Major Third Party Payment Market Companies: Companies within the third party payment market are employing various strategies, including partnerships with financial institutions, expansion of payment options, and investing in security measures, to strengthen their market presence.

PayPal Holdings, Inc.: PayPal offers a widely used third party payment platform that enables users to make online payments, transfer funds, and manage digital wallets.
Square, Inc.: Square provides third party payment solutions tailored for small businesses, offering payment processing, point-of-sale hardware, and digital payment services.

The competitive landscape analysis includes insights into 10 key market players, including:

Alipay.com Co. Ltd.
Stripe, Inc.
Adyen N.V.
WeChat Pay (Tencent Holdings Limited)
Apple Inc.
Google LLC (Google Pay)
Amazon.com Inc. (Amazon Pay)
Skrill Ltd. (Paysafe Group)
Mastercard Incorporated (Masterpass)
Visa Inc.

Segment Overview:

The third party payment market report forecasts revenue growth globally, regionally, and at the payment method and end user levels, providing analyses of trends and growth opportunities from 2019 to 2032.

Payment Method Outlook (USD Million, 2019 - 2032)

Digital Wallets
Payment Gateway
Bank Transfers
Prepaid Cards
Others

End User Outlook (USD Million, 2019 - 2032)

Retail & E-commerce
Travel & Hospitality
Banking & Financial Services
Telecommunication
Others

Geography Outlook (USD Million, 2019 - 2032)

North America

The U.S.
Canada

Europe

U.K.
Germany
France
Rest of Europe

APAC

China
India

South America

Brazil
Argentina
Chile

Middle East & Africa

Saudi Arabia
South Africa
Rest of the Middle East & Africa

TABLE OF CONTENTS: GLOBAL Third Party Payment MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Third Party Payment MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Third Party Payment Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.5.1. Power Of Suppliers

4.5.2. Power Of Buyers

4.5.3. Threat Of Substitutes

4.5.4. Threat Of New Entrants

4.5.5. Competitive Rivalry

Chapter 5. Third Party Payment MARKET BY type landscape

SIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 Online

5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 Mobile

5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.4 Point-of-Sale (PoS)

5.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Third Party Payment MARKET BY End user INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2 BFSI

6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3 E-Commerce

6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.4 Retail

6.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Third Party Payment MARKET REGIONAL OUTLOOK

7.1. Third Party Payment Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

7.2.1. North America Third Party Payment Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.2. North America Third Party Payment Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.3. North America Third Party Payment Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.4. North America Third Party Payment Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

7.2.5.1. U.S. Third Party Payment Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.5.2. U.S. Third Party Payment Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.5.3. U.S. Third Party Payment Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.5.4. U.S. Third Party Payment Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

7.2.6.1. Canada Third Party Payment Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.6.2. Canada Third Party Payment Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.6.3. Canada Third Party Payment Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.6.4. Canada Third Party Payment Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

7.3.1. Europe Third Party Payment Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.2. Europe Third Party Payment Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.3. Europe Third Party Payment Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.4. Europe Third Party Payment Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

7.3.5.1. Germany Third Party Payment Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.5.2. Germany Third Party Payment Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.5.3. Germany Third Party Payment Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.5.4. Germany Third Party Payment Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

7.3.6.1. France Third Party Payment Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.6.2. France Third Party Payment Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.6.3. France Third Party Payment Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.6.4. France Third Party Payment Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

7.3.7.1. U.K. Third Party Payment Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.7.2. U.K. Third Party Payment Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.7.3. U.K. Third Party Payment Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.7.4. U.K. Third Party Payment Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

7.4.1. Asia Pacific Third Party Payment Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.2. Asia Pacific Third Party Payment Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.3. Asia Pacific Third Party Payment Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.4. Asia Pacific Third Party Payment Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.5. CHINA

7.4.5.1. China Third Party Payment Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.5.2. China Third Party Payment Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.5.3. China Third Party Payment Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.5.4. China Third Party Payment Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

7.4.6.1. India Third Party Payment Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.6.2. India Third Party Payment Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.6.3. India Third Party Payment Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.6.4. India Third Party Payment Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

7.4.7.1. Japan Third Party Payment Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.7.2. Japan Third Party Payment Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.7.3. Japan Third Party Payment Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.7.4. Japan Third Party Payment Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

7.4.8.1. Australia Third Party Payment Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.8.2. Australia Third Party Payment Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.8.3. Australia Third Party Payment Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.8.4. Australia Third Party Payment Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

7.5.1. Mea Third Party Payment Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.5.2. Mea Third Party Payment Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.5.3. Mea Third Party Payment Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.5.4. Mea Third Party Payment Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

7.6.1. Latin America Third Party Payment Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.6.2. Latin America Third Party Payment Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.6.3. Latin America Third Party Payment Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.6.4. Latin America Third Party Payment Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

7.6.5. Latin America Third Party Payment Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

8.2.1. New Product Launches

8.2.2. Investment & Expansion

8.2.3. Acquisitions

8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

8.3.1. North American Suppliers

8.3.2. European Suppliers

8.3.3. Asia-Pacific Suppliers

8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 Paypal Holdings

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2 Stripe

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3 2Checkout

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4 First Data

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5 Amazon Pay

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6 Authorize.net

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7 Alipay

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8 Company 8

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

9.9 Company 9

9.9.1. Company Overview

9.9.2. Financial Performance

9.9.3. Product Insights

9.9.4. Strategic Initiatives

9.10 Company 10

9.10.1. Company Overview

9.10.2. Financial Performance

9.10.3. Product Insights

9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Third Party Payment Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032