Market Share of Payment Processing Solutions Industry
The competitive landscape of the Payment Processing Solutions Market is expected to move towards fragmentation owing to the emergence and rapid adoption of digital/mobile payments coupled with the massive growth of e-commerce across industries. The market players are viewing strategic partnerships and collaborations as a lucrative path to foster growth and enhance market presence. Also, the market players are making consistent innovations and product development to bolster their market share.
- October 2019 - Kabbage introduced payment processing solutions, which are expected to reduce the time it takes for small businesses to get paid, with many remittances received within 24 hours.
- October 2019 - simPRO partnered with Square to provide fast and simple payment processing options to field service professionals. simPRO is a comprehensive software solution with features to simplify field service management for trade contracting businesses.
Payment Processing Solutions Market Leaders
PayPal (Braintree)
Mastercard Inc.
Square, Inc.
CCBill, LLC
Fidelity National Information Services, Inc.
*Disclaimer: Major Players sorted in no particular order
