Global Payment as a Service (PaaS) Market Overview

Global Payment as a Service (PaaS) Market Size Was Valued At USD 10.32 Billion In 2021, And Is Projected To Reach USD 28.99 Billion By 2028, Growing At A CAGR Of 15.9% From 2022 To 2028.

The PaaS (Payment-as-a-Service) model enables banks and other financial institutions to provide advanced payment products and services to their customers without incurring resource-intensive internal development investment costs. PaaS providers enable banks and other organizations to transition to a more flexible, agile model in which they offer optimal products via one or more cloud-based third-party platforms. Non-banks such as large technology companies, retailers, fintechs, and even telecommunications providers specializing in niche, value-added payment processing services have severely disrupted the payment sector. In this highly competitive industry, outsourcing as a business strategy has grown in popularity. PaaS offerings today extend across the entire payment value chain via cloud-based platforms. PaaS providers may collaborate with banks, FinTech, insurers, telecoms, e-commerce firms, and other industries to provide customers with access to a cloud-based service. Customers can use open APIs to integrate their solutions with PaaS platforms. Customers can choose PaaS offerings based on their business requirements. PaaS has gained a lot of traction in the payment domain because it provides scalability, availability, and a cost benefit to customers thus, supporting the development of the payment as a service market over the forecasted period.

Market Dynamics And Factors For Payment as a Service(PaaS) Market

Drivers:

  • Helps In Rolling Out New Functionalities At A Faster Rate

Restraints:

  • ID Thefts, Phishing Attacks, And Database Exploitation

Opportunity:

  • Expansion Of The eCommerce Industry Specifically In The Developing Regions

Challenges:

  • Regulatory Compliance And Keeping The Total Cost Of Ownership Low

Covid-19 Impact Analysis On Payment as a Service(PaaS) Market

The COVID-19 pandemic has had a significant impact on the payment as a service industry, owing to an increase in consumer usage and adoption of online and digitalized payment methods globally. Furthermore, payment as a service is rapidly expanding as consumers become acquainted with the market's payment technology. Furthermore, a significant increase in retailer adoption of digital payments has been observed, owing to an increase in COVID-19 patients, which has further reduced the trend of carrying and paying with cash. As a result, during the global health crisis, this has become one of the major growth factors for the payment as a service market.

Top Key Players Covered In Payment as a Service(PaaS) Market

  • Verifone
  • Agilysys Inc.
  • PaySafe
  • Alpha Fintech
  • TSYS (Global Payments Inc.)
  • Aurus
  • First American Payments Systems
  • Rapyd Financial Network Ltd.
  • First Data (Fiserv Inc.)
  • Helcim
  • FIS
  • Ingenico
  • Pineapple Payments
  • Magna International Inc. And Other Major Players.

Key Industry Development In The Payment as a Service(PaaS) Market

In July 2021, Rapyd, a global Fintech as a Service company, announced a definitive agreement to acquire Valitor, an Icelandic payments solutions company, from Arion Banki (Arion Bank). The transaction is worth $100 million and is subject to regulatory approval (Approved on 23rd May 2022). Rapyd's existing payment capabilities in Europe will be supplemented by the acquisition of Valitor, as will its issuing portfolio

Global Payment as a Service (PaaS) Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD 10.32 Bn.

Forecast Period 2022-28 CAGR:

15.9%

Market Size in 2028:

USD 28.99 Bn.

Segments Covered:

By Component

  • Platform
  • Services

By Vertical

  • BFSI
  • Retail & eCommerce
  • Travel & Hospitality
  • Healthcare
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Helps In Rolling Out New Functionalities At A Faster Rate

Key Market Restraints:

  • ID Thefts, Phishing Attacks, And Database Exploitation

Key Opportunities:

  • Expansion Of The eCommerce Industry And Growing Internet Penetration In The Developing Regions

Companies Covered in the report:

  • Rapyd Financial Network Ltd., Fiserv Inc., Helcim, FIS, Ingenico, Pineapple Payments, Magna International Inc., and Other Major Players.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Component
 3.2 By Vertical

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Payment as a Service Market by Component
 5.1 Payment as a Service Market Overview Snapshot and Growth Engine
 5.2 Payment as a Service Market Overview
 5.3 Platform
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Platform: Geographic Segmentation
 5.4 Services
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Services: Geographic Segmentation

Chapter 6: Payment as a Service Market by Vertical
 6.1 Payment as a Service Market Overview Snapshot and Growth Engine
 6.2 Payment as a Service Market Overview
 6.3 BFSI
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 BFSI: Geographic Segmentation
 6.4 Retail & eCommerce
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Retail & eCommerce: Geographic Segmentation
 6.5 Travel & Hospitality
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2016-2028F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Travel & Hospitality: Geographic Segmentation
 6.6 Healthcare
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size (2016-2028F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Healthcare: Geographic Segmentation
 6.7 Others
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size (2016-2028F)
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 Others: Geographic Segmentation

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Positioning
  7.1.2 Payment as a Service Sales and Market Share By Players
  7.1.3 Industry BCG Matrix
  7.1.4 Heat Map Analysis
  7.1.5 Payment as a Service Industry Concentration Ratio (CR5 and HHI)
  7.1.6 Top 5 Payment as a Service Players Market Share
  7.1.7 Mergers and Acquisitions
  7.1.8 Business Strategies By Top Players
 7.2 VERIFONE
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Operating Business Segments
  7.2.5 Product Portfolio
  7.2.6 Business Performance
  7.2.7 Key Strategic Moves and Recent Developments
  7.2.8 SWOT Analysis
 7.3 AGILYSYS INC.
 7.4 PAYSAFE
 7.5 ALPHA FINTECH
 7.6 GLOBAL PAYMENTS INC.
 7.7 AURUS
 7.8 FIRST AMERICAN PAYMENTS SYSTEMS
 7.9 RAPYD FINANCIAL NETWORK LTD.
 7.10 FISERV INC.
 7.11 HELCIM
 7.12 FIS
 7.13 INGENICO
 7.14 PINEAPPLE PAYMENTS
 7.15 MAGNA INTERNATIONAL INC.
 7.16 OTHER MAJOR PLAYERS

Chapter 8: Global Payment as a Service Market Analysis, Insights and Forecast, 2016-2028
 8.1 Market Overview
 8.2 Historic and Forecasted Market Size By Component
  8.2.1 Platform
  8.2.2 Services
 8.3 Historic and Forecasted Market Size By Vertical
  8.3.1 BFSI
  8.3.2 Retail & eCommerce
  8.3.3 Travel & Hospitality
  8.3.4 Healthcare
  8.3.5 Others

Chapter 9: North America Payment as a Service Market Analysis, Insights and Forecast, 2016-2028
 9.1 Key Market Trends, Growth Factors and Opportunities
 9.2 Impact of Covid-19
 9.3 Key Players
 9.4 Key Market Trends, Growth Factors and Opportunities
 9.4 Historic and Forecasted Market Size By Component
  9.4.1 Platform
  9.4.2 Services
 9.5 Historic and Forecasted Market Size By Vertical
  9.5.1 BFSI
  9.5.2 Retail & eCommerce
  9.5.3 Travel & Hospitality
  9.5.4 Healthcare
  9.5.5 Others
 9.6 Historic and Forecast Market Size by Country
  9.6.1 U.S.
  9.6.2 Canada
  9.6.3 Mexico

Chapter 10: Europe Payment as a Service Market Analysis, Insights and Forecast, 2016-2028
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Component
  10.4.1 Platform
  10.4.2 Services
 10.5 Historic and Forecasted Market Size By Vertical
  10.5.1 BFSI
  10.5.2 Retail & eCommerce
  10.5.3 Travel & Hospitality
  10.5.4 Healthcare
  10.5.5 Others
 10.6 Historic and Forecast Market Size by Country
  10.6.1 Germany
  10.6.2 U.K.
  10.6.3 France
  10.6.4 Italy
  10.6.5 Russia
  10.6.6 Spain
  10.6.7 Rest of Europe

Chapter 11: Asia-Pacific Payment as a Service Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Component
  11.4.1 Platform
  11.4.2 Services
 11.5 Historic and Forecasted Market Size By Vertical
  11.5.1 BFSI
  11.5.2 Retail & eCommerce
  11.5.3 Travel & Hospitality
  11.5.4 Healthcare
  11.5.5 Others
 11.6 Historic and Forecast Market Size by Country
  11.6.1 China
  11.6.2 India
  11.6.3 Japan
  11.6.4 Singapore
  11.6.5 Australia
  11.6.6 New Zealand
  11.6.7 Rest of APAC

Chapter 12: Middle East & Africa Payment as a Service Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Component
  12.4.1 Platform
  12.4.2 Services
 12.5 Historic and Forecasted Market Size By Vertical
  12.5.1 BFSI
  12.5.2 Retail & eCommerce
  12.5.3 Travel & Hospitality
  12.5.4 Healthcare
  12.5.5 Others
 12.6 Historic and Forecast Market Size by Country
  12.6.1 Turkey
  12.6.2 Saudi Arabia
  12.6.3 Iran
  12.6.4 UAE
  12.6.5 Africa
  12.6.6 Rest of MEA

Chapter 13: South America Payment as a Service Market Analysis, Insights and Forecast, 2016-2028
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Component
  13.4.1 Platform
  13.4.2 Services
 13.5 Historic and Forecasted Market Size By Vertical
  13.5.1 BFSI
  13.5.2 Retail & eCommerce
  13.5.3 Travel & Hospitality
  13.5.4 Healthcare
  13.5.5 Others
 13.6 Historic and Forecast Market Size by Country
  13.6.1 Brazil
  13.6.2 Argentina
  13.6.3 Rest of SA

Chapter 14 Investment Analysis

Chapter 15 Analyst Viewpoint and Conclusion

Global Payment as a Service (PaaS) Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD 10.32 Bn.

Forecast Period 2022-28 CAGR:

15.9%

Market Size in 2028:

USD 28.99 Bn.

Segments Covered:

By Component

  • Platform
  • Services

By Vertical

  • BFSI
  • Retail & eCommerce
  • Travel & Hospitality
  • Healthcare
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Helps In Rolling Out New Functionalities At A Faster Rate

Key Market Restraints:

  • ID Thefts, Phishing Attacks, And Database Exploitation

Key Opportunities:

  • Expansion Of The eCommerce Industry And Growing Internet Penetration In The Developing Regions

Companies Covered in the report:

  • Rapyd Financial Network Ltd., Fiserv Inc., Helcim, FIS, Ingenico, Pineapple Payments, Magna International Inc., and Other Major Players.

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. PAYMENT AS A SERVICE MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. PAYMENT AS A SERVICE MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. PAYMENT AS A SERVICE MARKET COMPETITIVE RIVALRY
TABLE 005. PAYMENT AS A SERVICE MARKET THREAT OF NEW ENTRANTS
TABLE 006. PAYMENT AS A SERVICE MARKET THREAT OF SUBSTITUTES
TABLE 007. PAYMENT AS A SERVICE MARKET BY COMPONENT
TABLE 008. PLATFORM MARKET OVERVIEW (2016-2028)
TABLE 009. SERVICES MARKET OVERVIEW (2016-2028)
TABLE 010. PAYMENT AS A SERVICE MARKET BY VERTICAL
TABLE 011. BFSI MARKET OVERVIEW (2016-2028)
TABLE 012. RETAIL & ECOMMERCE MARKET OVERVIEW (2016-2028)
TABLE 013. TRAVEL & HOSPITALITY MARKET OVERVIEW (2016-2028)
TABLE 014. HEALTHCARE MARKET OVERVIEW (2016-2028)
TABLE 015. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 016. NORTH AMERICA PAYMENT AS A SERVICE MARKET, BY COMPONENT (2016-2028)
TABLE 017. NORTH AMERICA PAYMENT AS A SERVICE MARKET, BY VERTICAL (2016-2028)
TABLE 018. N PAYMENT AS A SERVICE MARKET, BY COUNTRY (2016-2028)
TABLE 019. EUROPE PAYMENT AS A SERVICE MARKET, BY COMPONENT (2016-2028)
TABLE 020. EUROPE PAYMENT AS A SERVICE MARKET, BY VERTICAL (2016-2028)
TABLE 021. PAYMENT AS A SERVICE MARKET, BY COUNTRY (2016-2028)
TABLE 022. ASIA PACIFIC PAYMENT AS A SERVICE MARKET, BY COMPONENT (2016-2028)
TABLE 023. ASIA PACIFIC PAYMENT AS A SERVICE MARKET, BY VERTICAL (2016-2028)
TABLE 024. PAYMENT AS A SERVICE MARKET, BY COUNTRY (2016-2028)
TABLE 025. MIDDLE EAST & AFRICA PAYMENT AS A SERVICE MARKET, BY COMPONENT (2016-2028)
TABLE 026. MIDDLE EAST & AFRICA PAYMENT AS A SERVICE MARKET, BY VERTICAL (2016-2028)
TABLE 027. PAYMENT AS A SERVICE MARKET, BY COUNTRY (2016-2028)
TABLE 028. SOUTH AMERICA PAYMENT AS A SERVICE MARKET, BY COMPONENT (2016-2028)
TABLE 029. SOUTH AMERICA PAYMENT AS A SERVICE MARKET, BY VERTICAL (2016-2028)
TABLE 030. PAYMENT AS A SERVICE MARKET, BY COUNTRY (2016-2028)
TABLE 031. VERIFONE: SNAPSHOT
TABLE 032. VERIFONE: BUSINESS PERFORMANCE
TABLE 033. VERIFONE: PRODUCT PORTFOLIO
TABLE 034. VERIFONE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 034. AGILYSYS INC.: SNAPSHOT
TABLE 035. AGILYSYS INC.: BUSINESS PERFORMANCE
TABLE 036. AGILYSYS INC.: PRODUCT PORTFOLIO
TABLE 037. AGILYSYS INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 037. PAYSAFE: SNAPSHOT
TABLE 038. PAYSAFE: BUSINESS PERFORMANCE
TABLE 039. PAYSAFE: PRODUCT PORTFOLIO
TABLE 040. PAYSAFE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 040. ALPHA FINTECH: SNAPSHOT
TABLE 041. ALPHA FINTECH: BUSINESS PERFORMANCE
TABLE 042. ALPHA FINTECH: PRODUCT PORTFOLIO
TABLE 043. ALPHA FINTECH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 043. GLOBAL PAYMENTS INC.: SNAPSHOT
TABLE 044. GLOBAL PAYMENTS INC.: BUSINESS PERFORMANCE
TABLE 045. GLOBAL PAYMENTS INC.: PRODUCT PORTFOLIO
TABLE 046. GLOBAL PAYMENTS INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 046. AURUS: SNAPSHOT
TABLE 047. AURUS: BUSINESS PERFORMANCE
TABLE 048. AURUS: PRODUCT PORTFOLIO
TABLE 049. AURUS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 049. FIRST AMERICAN PAYMENTS SYSTEMS: SNAPSHOT
TABLE 050. FIRST AMERICAN PAYMENTS SYSTEMS: BUSINESS PERFORMANCE
TABLE 051. FIRST AMERICAN PAYMENTS SYSTEMS: PRODUCT PORTFOLIO
TABLE 052. FIRST AMERICAN PAYMENTS SYSTEMS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. RAPYD FINANCIAL NETWORK LTD.: SNAPSHOT
TABLE 053. RAPYD FINANCIAL NETWORK LTD.: BUSINESS PERFORMANCE
TABLE 054. RAPYD FINANCIAL NETWORK LTD.: PRODUCT PORTFOLIO
TABLE 055. RAPYD FINANCIAL NETWORK LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 055. FISERV INC.: SNAPSHOT
TABLE 056. FISERV INC.: BUSINESS PERFORMANCE
TABLE 057. FISERV INC.: PRODUCT PORTFOLIO
TABLE 058. FISERV INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 058. HELCIM: SNAPSHOT
TABLE 059. HELCIM: BUSINESS PERFORMANCE
TABLE 060. HELCIM: PRODUCT PORTFOLIO
TABLE 061. HELCIM: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 061. FIS: SNAPSHOT
TABLE 062. FIS: BUSINESS PERFORMANCE
TABLE 063. FIS: PRODUCT PORTFOLIO
TABLE 064. FIS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 064. INGENICO: SNAPSHOT
TABLE 065. INGENICO: BUSINESS PERFORMANCE
TABLE 066. INGENICO: PRODUCT PORTFOLIO
TABLE 067. INGENICO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 067. PINEAPPLE PAYMENTS: SNAPSHOT
TABLE 068. PINEAPPLE PAYMENTS: BUSINESS PERFORMANCE
TABLE 069. PINEAPPLE PAYMENTS: PRODUCT PORTFOLIO
TABLE 070. PINEAPPLE PAYMENTS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 070. MAGNA INTERNATIONAL INC.: SNAPSHOT
TABLE 071. MAGNA INTERNATIONAL INC.: BUSINESS PERFORMANCE
TABLE 072. MAGNA INTERNATIONAL INC.: PRODUCT PORTFOLIO
TABLE 073. MAGNA INTERNATIONAL INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 073. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 074. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 075. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 076. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. PAYMENT AS A SERVICE MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. PAYMENT AS A SERVICE MARKET OVERVIEW BY COMPONENT
FIGURE 012. PLATFORM MARKET OVERVIEW (2016-2028)
FIGURE 013. SERVICES MARKET OVERVIEW (2016-2028)
FIGURE 014. PAYMENT AS A SERVICE MARKET OVERVIEW BY VERTICAL
FIGURE 015. BFSI MARKET OVERVIEW (2016-2028)
FIGURE 016. RETAIL & ECOMMERCE MARKET OVERVIEW (2016-2028)
FIGURE 017. TRAVEL & HOSPITALITY MARKET OVERVIEW (2016-2028)
FIGURE 018. HEALTHCARE MARKET OVERVIEW (2016-2028)
FIGURE 019. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 020. NORTH AMERICA PAYMENT AS A SERVICE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 021. EUROPE PAYMENT AS A SERVICE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. ASIA PACIFIC PAYMENT AS A SERVICE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. MIDDLE EAST & AFRICA PAYMENT AS A SERVICE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 024. SOUTH AMERICA PAYMENT AS A SERVICE MARKET OVERVIEW BY COUNTRY (2016-2028)

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Frequently Asked Questions :

What would be forecast period in the Payment as a Service(PaaS) Market research report?

The forecast period in the Payment as a Service(PaaS) Market research report is 2022-2028.

Who are the key players in Payment as a Service(PaaS) Market?

Verifone, Agilysys Inc., PaySafe, Alpha Fintech, Global Payments Inc., Aurus, First American Payments Systems, Rapyd Financial Network Ltd., Fiserv Inc., Helcim, FIS, Ingenico, Pineapple Payments, Magna International Inc., and Other Major Players.

What are the segments of Payment as a Service(PaaS) Market?

The Payment as a Service Market is segmented into Component, Vertical, and Region. By Component the market is categorized into Platform, and Services. By Vertical the market is categorized into BFSI, Retail & eCommerce, Travel & Hospitality, Healthcare, and Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain etc.), Asia-Pacific (China; India; Japan; Southeast Asia etc.), South America (Brazil; Argentina etc.), Middle East & Africa (Saudi Arabia; South Africa etc.).

What is the Payment as a Service(PaaS) Market?

The PaaS (Payment-as-a-Service) model enables banks and other financial institutions to provide advanced payment products and services to their customers without incurring resource-intensive internal development investment costs. PaaS providers enable banks and other organizations to transition to a more flexible, agile model in which they offer optimal products via one or more cloud-based third-party platforms.

How big is the Payment as a Service(PaaS) Market?

Global Payment as a Service(PaaS) Market size was valued at USD 10.32 Billion in 2021, and is projected to reach USD 28.99 billion by 2028, growing at a CAGR of 15.9% from 2022 to 2028.