Major companies operating in the payment bank solutions industry are:
Gemalto (Thales Group)
The payment bank solutions industry features intense competition with numerous players offering diverse solutions that leverage data science, AI, and advanced technologies.
Frequently Asked Questions (FAQ) :
The market size of payment bank solutions reached USD 57.7 billion in 2023 and is set to observe over 13.5% CAGR between 2024 and 2032, owing to the increasing demand for swift payment processing and transfers.
The software segment accounted for a market share of around 67% in 2023, due to the proliferation of payment applications designed for merchants to accept cashless payments.
North America market held over 39% revenue share in 2023, attributed to the technological advancements across the region.