The winning Middle East and Africa Payment Processing Solutions market report performs geographical analysis for the major areas such as North America, China, Europe, Southeast Asia, Japan, and India, with respect to the production, price, revenue and market share for top manufacturers. This market document is composed of myriad of factors that have an influence on the market and include industry insight and critical success factors (CSFs), market segmentation and value chain analysis, industry dynamics, market drivers, market restraints, key opportunities, technology and application outlook, country-level and regional analysis, competitive landscape, company market share analysis, and key company profiles.
Data Bridge Market Research analyses that the payment processing solutions market was valued at USD 4184.93 million in 2021 and is expected to reach the value of USD 8713.10 million by 2029, at a CAGR of 9.60% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Browse Full Report Along With Facts and Figures @ t https://www.databridgemarketresearch.com/reports/middle-east-and-north-africa-payment-processing-solutions-market
Market Overview:
Payment processing solutions are the combined technological offerings that operate in collaboration with customer and merchant to process financial transactions with the generation of a payment gateway that works on a set of factors which pre-defined by merchant. These solutions act as a middleman between consumer and merchant, providing an effective flow of financial transactions. These payment processing solutions combine all the processes that work together to deliver better transactional flow.
COVID-19 Impact on Payment Processing Solutions Market
The outbreak of covid-19 has impacted the payment processing solutions market in a positive way. The fear of coronavirus has made people all over the globe adopt digital payment services, which is projected to be the major driving factor for market growth. E-commerce platforms, specifically websites which deliver groceries have seen an increase in the orders for important goods, and retail stores have augmented online payment. Most of the people stay at home and order food through several online platforms and make payment online with numerous sources, which is projected to increase the global payment processing solution market in a progressive manner during the pandemic.
Recent Development
In June, 2019, Noor Bank introduced digital payment service e-Wallet for consumers through their partnership with Etisalat. This new service is used to attract consumers from the UAE country with aid of fintech Company. Such initiative to increase consumer services generates demand and opportunity to grow for the market.
In October, 2019, NCPI has announced the expansion of the UPI, BHIM, RuPay and other payment solutions to the Singapore and UAE countries. Such initiative to facilitate the Indian customer in the UAE nation is assisting the segment in growing in the forecast period.
Some of the major players operating in the payment processing solutions market are:
l ACI Worldwide (U.S.)
l PayPal, Inc. (U.S.)
l Novatti Group Ltd (Australia)
l Global Payments Inc. (U.S.)
l Visa (U.S.)
l Stripe, Inc. (Ireland)
l Google(U.S.)
l Finastra (U.K.)
l SAMSUNG (South Korea)
l Amazon Web Services, Inc. (U.S.)
l Financial Software & Systems Pvt. Ltd. (U.S.)
l Aurus Inc. (U.S.)
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