Market Overview:
The global payment bank solutions market is expected to grow at a CAGR of over 16% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for payment bank solutions from various end-use industries, such as BFSI, retail, healthcare, government divisions and others. In addition, the growing adoption of digital payments across the globe is also fueling the growth of this market. On the basis of type, the global payment bank solutions market can be segmented into software and hardware. The software segment is expected to account for a major share in this market owing to its ability to offer enhanced security features and faster processing time as compared to hardware-based solutions. On the basis of application, BFSI sector is expected to account for a major share in this market due high adoption rate by commercial banks and other financial institutions for their online/offline transactions needs.
Product Definition:
A payment bank is a type of bank that allows customers to deposit and withdraw money, but does not offer loans or credit products. Payment banks are designed to serve low-income customers who may not have access to traditional banking products. They also allow businesses and individuals to make electronic payments, such as international money transfers.
Software:
Software is the invisible hand that helps businesses to run more efficiently and effectively. It provides systems, processes, and tools to help organizations grow their profitability. Software solutions are used in various industries such as BFSI, healthcare & life sciences, IT & telecom among others for carrying out core activities such as sales force automation (SFA), customer relationship management (CRM) among others.
Hardware:
Hardware is the physical components of payment bank solutions such as devices, modules, and other integrated circuits. Hardware components are used in various stages of payment processing such as initiation, authorization and settlement. The hardware component plays an important role in ensuring secure transaction processing by providing assurance to customers that their card information has been handled securely.
Application Insights:
The retail segment accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The rising adoption of smartphones, internet banking, e-commerce has revolutionized the payment bank services at retailers level. It has become easier than ever for a customer to open an account with any of the banks or payment providers and start using their services straightaway. This approach is also expected to drive growth at online stores as they can easily integrate with existing banking infrastructure by adopting global payment bank solutions without having to invest heavily in setting up new systems or acquiring new licences from different regulatory authorities across countries.
The BFSI sector accounted for a significant market share in 2017 owing to increasing penetration of mobile payments.
Regional Analysis:
Europe dominated the global market in 2017, with a revenue share of over 35.0%. The region is expected to continue its dominance over the forecast period as well. This can be attributed to increasing adoption of payment banks in countries such as U.K., Germany, and Switzerland among others.
Asia Pacific is anticipated to witness significant growth during the forecast period owing to increasing awareness about digital payments and associated benefits coupled with rising disposable income especially among middle-class population groups in economies including China and India amongst others are expected drive regional demand for payment bank solutions marketplace in near future Furthermore; regulatory support aimed at promoting innovation through open marketplace approach will further propel industry expansion across this region In Japan; there are more than 20 different types of mobile money services offered by various providers which include telecom companies such as NTT Docomo Inc.
Growth Factors:
- Increasing demand for digital payments: The global payment bank solutions market is expected to grow at a CAGR of over 20% during the forecast period. This can be attributed to the increasing demand for digital payments, owing to the convenience and security offered by such modes of payment.
- Rising number of mobile users: The number of mobile users is increasing rapidly across the globe, which is resulting in an increase in demand for mobile-based payment bank solutions.
- Proliferation of smartphones: With declining prices and rising penetration, smartphones are becoming more affordable and are thus being adopted at a rapid pace across the world. This is aiding the growth of the global payment bank solutions market as these devices offer an ideal platform for deploying such solutions.
Scope Of The Report
Report Attributes
Report Details
Report Title
Payment Bank Solutions Market Research Report
By Type
Software, Hardware
By Application
BFSI, Retail, Healthcare, Government Divisions, Others
By Companies
MasterCard, EdgeVerve Systems, Mahindra Conviva, Gemalto, IBM, ACI Worldwide, BPC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
204
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Payment Bank Solutions Market Report Segments:
The global Payment Bank Solutions market is segmented on the basis of:
Types
Software, Hardware
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
BFSI, Retail, Healthcare, Government Divisions, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- MasterCard
- EdgeVerve Systems
- Mahindra Conviva
- Gemalto
- IBM
- ACI Worldwide
- BPC
Highlights of The Payment Bank Solutions Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Software
- Hardware
- By Application:
- BFSI
- Retail
- Healthcare
- Government Divisions
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Payment Bank Solutions Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Payment Bank Solutions is a payment processing company that helps businesses process payments. It offers a variety of services, including merchant account processing, card acceptance, and electronic funds transfer. Payment Bank Solutions also provides consulting services to help businesses improve their payment processes.
Some of the major companies in the payment bank solutions market are MasterCard, EdgeVerve Systems, Mahindra Conviva, Gemalto, IBM, ACI Worldwide, BPC.
The payment bank solutions market is expected to register a CAGR of 16%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Payment Bank Solutions Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Payment Bank Solutions Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Payment Bank Solutions Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Payment Bank Solutions Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Payment Bank Solutions Market Size & Forecast, 2020-2028
4.5.1 Payment Bank Solutions Market Size and Y-o-Y Growth
4.5.2 Payment Bank Solutions Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Software
5.2.2 Hardware
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 BFSI
6.2.2 Retail
6.2.3 Healthcare
6.2.4 Government Divisions
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Payment Bank Solutions Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Payment Bank Solutions Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Software
9.6.2 Hardware
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 BFSI
9.10.2 Retail
9.10.3 Healthcare
9.10.4 Government Divisions
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Software
10.6.2 Hardware
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 BFSI
10.10.2 Retail
10.10.3 Healthcare
10.10.4 Government Divisions
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Software
11.6.2 Hardware
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 BFSI
11.10.2 Retail
11.10.3 Healthcare
11.10.4 Government Divisions
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Software
12.6.2 Hardware
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 BFSI
12.10.2 Retail
12.10.3 Healthcare
12.10.4 Government Divisions
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Software
13.6.2 Hardware
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 BFSI
13.10.2 Retail
13.10.3 Healthcare
13.10.4 Government Divisions
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Payment Bank Solutions Market: Competitive Dashboard
14.2 Global Payment Bank Solutions Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 MasterCard
14.3.2 EdgeVerve Systems
14.3.3 Mahindra Conviva
14.3.4 Gemalto
14.3.5 IBM
14.3.6 ACI Worldwide
14.3.7 BPC
