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Third Party Payment Market Share

Report ID: GMI7014
Published Date: Oct 2023
Report Format: PDF

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Third Party Payment Market Share

Major players operating in the third-party payment industry are:

Adyen NV
Alipay
Authorize.Net (CyberSource Corporation)
Bit Pay
Block Inc.
Fiserv Inc.
Flagship Merchant Services
GoCardless
Payline Data
PayPal Holdings Inc
Stripe Inc.

PayPal Holdings Inc. and Fiserv Inc. hold a dominant share in the third-party payment market. The competitive landscape in the third-party payment market is defined by innovation for seamless payment experiences and expansion in new territories. Key players constantly introduce cutting-edge technologies and enter strategic markets, vying for dominance in this dynamic & rapidly evolving industry.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size for third-party payment was USD 57.4 billion in 2022 and is estimated to register over 11.5% CAGR between 2023 and 2032.

The consumer payments segment held a market share of around 65% in 2022 and is expected to grow significantly by 2032 owing to the seamless nature of digital transactions.

North America third-party payment market held a revenue share of around 35% in 2022 and will grow through 2032 owing to technological advancements across the region.

Adyen NV, Alipay, Authorize.Net (CyberSource Corporation), Bit Pay, Block Inc., Fiserv Inc., Flagship Merchant Services, GoCardless, Payline Data, PayPal Holdings Inc, and Stripe Inc.