The global Payments Landscape market size is expected to reach USD 311.19 Billion in 2030 and register a revenue CAGR of 15.0% over the forecast period, according to latest report by Reports and Data. Increasing use of smartphones, especially in developing countries, is a key factor expected to drive market revenue growth. Rising use of technology for Offline Payments is the latest trend observed in this market, and the newer generation, being increasingly tech-savvy, use smartphones for various purposes, such as paying bills, shopping online, and even for peer-to-peer Offline Payments. Moreover, cryptocurrencies, such as bitcoins and digital wallets, including GooglePay and Paytm, are being increasingly promoted. The rise of e-commerce and adoption of embedded payment systems is another factor driving revenue growth of the global Payments Landscape market to a significant extent, as increasing number of consumers are shopping online and using embedded payment systems to pay for items purchased.

However, lack of global standards for cross-border Offline Payments is a primary factor that could hamper market revenue growth to a certain extent. Development of cross-border Offline Payments has been comparatively slow, mainly due to differences in currency exchange rates. Increasing cases of cyber-attacks on digital payment platforms is also expected to restrain market revenue growth, as the threat of cyber-attacks is preventing many potential users from using digital Offline Payments. The rapid shift towards digitization has created opportunities for potential cybercriminals and has raised the risks of cyber-attacks. Platforms deploying technologies, such as digital payment platforms, or e-commerce companies are at a higher risk of such attacks.

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The rise of e-commerce and the widespread adoption of embedded payment systems are poised to drive significant revenue growth in the market over the foreseeable future. This growth can be attributed to the seamless convergence of mobile technology and e-commerce websites, which has dramatically enhanced the online shopping experience, making it more user-friendly and interactive than ever before.

The majority of e-commerce platforms now leverage embedded payment systems, a technology that streamlines the entire purchase process, from selecting items to checkout and settlement. This streamlined approach has made online shopping not only fast but also incredibly convenient. Consequently, an increasing number of individuals are turning to online shopping as their preferred mode of making purchases.

The rapid expansion of the e-commerce sector is contributing to a notable shift away from traditional cash transactions in favor of electronic and digital payment methods. As more and more people embrace online shopping, the trend towards digital payments on websites is on the rise. This shift is not only more efficient but also safer and more secure.

Major players in the market are making substantial investments in advanced payment technologies to stay ahead of the curve. For instance, Alibaba, a prominent China-based e-commerce company, has pioneered Alipay, a third-party mobile and online payment platform. Alipay plays a crucial role in facilitating payment services between sellers and customers, enhancing the overall e-commerce experience. Such innovative developments are expected to have a profoundly positive impact on the revenue growth of the global market, further accelerating the globalization of merchant payments and reducing reliance on traditional cash transactions. The decline in the use of cash is a testament to the growing dominance of digital payments in the ever-expanding world of online shopping, setting the stage for continued growth and transformation in the e-commerce and embedded payment system landscape.

Top Companies Operating in the Global Payments Landscape Market:

Mastercard, Novatti Group Ltd., PayPal Offline Payments Pvt. Ltd., Säästöpankkiliitto, American Express Company/American Express Banking Corp., Danske Bank, Diners Club International Ltd., Visa, Stripe, Inc., and FIS.

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The global market is further segmented into type and application:

Payment Methods Outlook (Revenue, USD Billion; 2019-2030)

• Cash
• Credit Cards
• Debit Cards
• Bank Transfer
• e-Wallets
• Cryptocurrency
• Others

Payment Mode Outlook (Revenue, USD Billion; 2019-2030)

• Online Offline Payments
• Offline Offline Payments

Vertical Outlook (Revenue, USD Billion; 2019-2030)

• Banking, Financial Services & Insurance
• Retail & e-Commerce
• Healthcare
• Travel & Hospitality
• Transportation & Logistics
• Media & Entertainment
• Other Verticals

Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.

• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
• Latin America (Brazil, Rest of LATAM)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Some Key Highlights From the Report

·       e-Wallet segment is expected to register a rapid growth rate during the forecast period. e-Wallet is a secure virtual vault of an individual’s cash and is used to transfer money and make other transactions virtually. Demand for e-Wallets has been rising in various verticals, such as e-commerce, telecom, media & entertainment, and travel & tourism.

·       The online payments segment is expected to register a fast growth rate during the forecast period, due to increase in the number of people opting for this payment method. Integration of technologies, such as Artificial Intelligence (AI) and Machine Learning (ML), is expected to improve security of online payment platforms, which is expected to increase consumer trust in this payment mode.

·       Banking, Financial Services & Insurance (BFSI) segment is expected to account for largest revenue share over the forecast period. Increasing adoption and improvement of payment gateways are expected expand offerings and enable the provision of more seamless services to customers, which is expected to drive revenue growth of this segment.

·       Market in North America accounted for largest revenue share in the global payments landscape market in 2021, which can be attributed to rapidly expanding e-commerce sector in countries in the region. Another factor supporting market revenue growth in the region is presence of leading players, such as Mastercard, FIS, and American Express, among others.

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Overall, the adoption of embedded payment systems in e-commerce is expected to continue driving revenue growth in the global market. As consumers become more accustomed to shopping online and using digital payment methods, the trend is likely to accelerate, leading to further growth opportunities for companies in the e-commerce and payment processing industries.

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