Artificial Intelligence
Payment Processing Solutions Market: Collaboration between Major Companies Such as Fiserv Inc. and Visa Inc. to Create Promising Growth Opportunities, says Fortune Business Insights™
Pune, India, July 19, 2021 (GLOBE NEWSWIRE) — The global payment processing solutions market size is expected to showcase an exponential growth by reaching USD 116.17 billion by 2027. This is attributable to the increasing adoption of value-added services by major Fintech firms, along with the growing demand for payments through credit & debit cards that is leading the developers to introduce advanced payment solutions globally. Fortune Business Insights, published this information in its latest report, titled, “Payment Processing Solutions Market Size, Share & COVID-19 Impact Analysis, By Payment Method (Debit Card, Credit Card, e-Wallet, Automated Clearing House (ACH), and Others), By Industry Vertical (Banking, Financial Services and Insurance (BFSI), Manufacturing, IT and Telecommunications, Travel and Hospitality, Retail and Consumer Goods, Healthcare, Transportation and Logistics, and Others), and Regional Forecast, 2020-2027.” The report further mentions that the market stood at USD 48.60 billion in 2019 and is likely to exhibit a CAGR of 11.7% between 2020 and 2027.
What does the Report Provide?
The Payment Processing Solutions Market report includes a detailed analysis of several factors such as the key drivers and restraints that will have an impact on the market. Furthermore, the report includes significant insights into the regional insights that include different regions, which are contributing to the market growth. It includes the competitive landscape involving the leading companies and the adoption of strategies by them to introduce new products, announce partnerships, collaborate, and acquire other companies that will contribute to the market growth during the forecast period. Moreover, the research analyst has adopted several research methodologies such as SWOT analysis to obtain information about the current trends and industry developments that will drive the market growth during the forecast period.
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REGIONAL INSIGHTS
North America to Remain Dominant; Increasing Number of Online Transactions to Augment Growth
Among all the regions, North America is expected to remain dominant and hold the highest position in the global payment processing solutions market during the forecast period. This dominance is attributable to the increasing number of online transactions backed by the e-commerce boom in the region between 2020 and 2027. North America stood at USD 17.06 billion in 2019.
The Payment Processing Solutions Market in Asia-Pacific is anticipated to experience substantial growth during the forecast period. This is ascribable to factors such as the rising retail and consumer goods industry that is driving the demand for advanced payment processing solutions in countries such as Australia, India, and China in the region.
Click here to get the short-term and long-term impact of COVID-19 on this Payment Processing Solutions Market.
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SEGMENTATION
E-wallet Segment Held 18.2% Market Share in 2019
The e-wallet segment, based on the payment method, held a market share of about 18.2% in 2019 and is anticipated to gain momentum backed by the growing rate of digital payments amid COVID-19 that is driving the adoption of innovative e-wallet payment processing solutions globally.
DRIVING FACTORS
Increasing Adoption of Value-Added Services by Fintech Firms to Augment Growth
The emergence of advanced technologies has led to a massive overhaul in the operations of several Fintech firms and major banks globally. They are adopting modern technologies such as artificial intelligence (AI) and machine learning to provide their customers with contextual and customized payment solutions. This is driving the demand for advanced payment solutions to enable fast, simple, and secure business transactions. Furthermore, the surging use of credit and debit cards over cash is likely to boost the global payment processing solutions market growth in the forthcoming years.
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Payment Processing Solutions Market Report Scope and segmentation:
| Report Coverage | Details |
| Forecast Period | 2020 to 2027 |
| Forecast Period 2021 to 2028 CAGR | 11.7% |
| 2027 Value Projection | USD 116.17 Billion |
| Base Year | 2019 |
| Market Size in 2020 | USD 48.60 Billion |
| Historical Data for | 2016 to 2018 |
| No. of Pages | 120 |
| Segments covered | Payment Method, Industry Vertical, Manufacturing, IT, healthcare |
| Growth Drivers | Increasing Adoption of Value-Added Services by Fintech Firms to Augment Growth |
| North America to Remain Dominant; Increasing Number of Online Transactions to Augment Growth | |
| Adoption of Online Transactions has Risen During the Covid-19 Pandemic | |
|
Pitfalls & Challenges |
Data Security and Identity Theft Concerns to Impede Market Growth |
Massive Surge in Online Transaction amid COVID-19 to Aid Market Growth
The global pandemic has led to a massive surge in online contactless transactions over cash payments. Bound by the fear of contracting the disease, several consumers are opting for digital payments when purchasing commodities at stores. This rise in online payments presents a lucrative opportunity for the developers to introduce advanced payment solutions that will contribute to the Payment Processing Solutions Market growth in the near future.
Payment processing solutions are a medium that enables efficient handling of transactions when the customers purchase things. The payment processing provider promptly establishes a communication between the customer’s credit/debit card, mobile wallet, and others to the bank of the customer to enable a fast and secure transaction. The growing focus on digitization provides a platform for developers to innovate payment solutions, along with the addition of modern technologies to cater to the customer’s online payment demand.
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COMPETITIVE LANDSCAPE
Eminent Companies Focus on Collaboration to Strengthen Their Market Positions
The global payment processing solutions market is consolidated by the presence of major companies that are trying to maintain a stronghold by focusing on adopting inorganic and organic strategies. These companies are collaborating with other companies to expand and develop advanced solutions that will bode well for market growth.
Industry Development:
- October 2020 – Rapyd Financial Network Ltd., a leading Fintech firm, announced the launch of its new all-in-one payment processing solutions for the South Korean market. According to the company, the payment solution is likely to aid in processing payment efficiently and provides a platform for easy transaction across mobile wallets and international cards.
List of the Companies Profiled in the Global Payment Processing Solutions Market:
- PayPal Holdings, Inc. (California, United States)
- Fiserv Inc. (Wisconsin, United States)
- GLOBAL PAYMENTS INC. (Georgia, United States)
- Mastercard Incorporated (New York, United States)
- Square, Inc. (California, United States)
- VISA Inc. (California, United States)
- PayMyTuition (Toronto, Canada)
- Rapyd Financial Network Ltd. (London, United Kingdom)
- Stripe (California, United States)
- PAYU (Hoofddorp, Netherlands)
- CCBill, LLC. (Malta, Europe)
- AUTHORIZE.NET (Utah, United States)
- Jack Henry & Associates, Inc. (Missouri, United States)
- Paysafe Group Limited (London, United Kingdom)
- Alipay (Shanghai, China)
- BlueSnap Inc. (Massachusetts, United States)
- Worldline (Bezons, France)
- Fattmerchant Inc. (Orlando, Florida)
- SignaPay (Irving, Texas)
- Dwolla (Iowa, United States)
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Table Of Content Payment Processing Solutions Market:
- Introduction
- Definition, By Segment
- Research Methodology/Approach
- Data Sources
- Key Takeaways
- Payment Processing Solutions Market Dynamics
- Macro and Micro Economic Indicators
- Drivers, Restraints, Opportunities and Trends
- Impact of COVID-19
- Short-term Impact
- Long-term Impact
- Competition Landscape
- Business Strategies Adopted by Key Players
- Consolidated SWOT Analysis of Key Players
- PESTLE Analysis
- Porter’s Five Force Analysis
- Supply chain Analysis
- Global Market Share Analysis and Matrix, 2019
- Key Payment Processing Solutions Market Insights and Strategic Recommendations
- Profiles of Key Players (Would be provided for 10 players only)
- Overview
- Key Management
- Headquarters etc
- Offerings/Business Segments
- Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
- Employee Size
- Key Financials
- Past and Current Revenue
- Gross Margin
- Geographical Share
- Business Segment Share
- Recent Developments
- Overview
- Primary Interview Responses
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About Us:
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Read Press Release https://www.fortunebusinessinsights.com/press-release/global-payment-processing-solutions-market-10337
Artificial Intelligence
Aetina Accelerates Embedded AI with High-performance, Small Form-factor Aetina IA380E-QUFL Graphics Card
TAIPEI, April 25, 2024 /PRNewswire/ — Aetina, a leading Edge AI solution provider, announced the launch of the Aetina IA380E-QUFL at Embedded World 2024 in Nuremberg, Germany. This groundbreaking product is a small form factor PCIe graphics card powered by the high-performance Intel Arc A380E GPU.
Unmatched Power in a Compact Design
The Aetina IA380E-QUFL delivers workstation-level performance packed into a low-profile, single-slot form factor. This innovative solution consumes only 50W, making it ideal for space and power-constrained edge computing environments. Embedded system manufacturers and integrators can leverage the power of 4.096 TFLOPs peak FP32 performance delivered by the Intel Arc A380E GPU[1].
Beyond Small Size: Big Capabilities
Despite its compact size, the IA380E-QUFL offers native support for 4 mini-DisplayPort outputs and 6GB of GDDR6 memory, enabling the connection of multiple high-resolution displays (UHD). This makes the IA380E-QUFL an excellent choice for a wide range of applications, including commercial gaming, video walls, medical imaging, and visual inference for smart cities.
“The demand for slim and energy-efficient AI systems is rapidly escalating,” said Jackal Chen, Senior Product Manager at Aetina. “The Aetina IA380E-QUFL addresses this need head-on, offering a powerful GPU solution in a compact, single-slot form factor with minimal power consumption. This empowers developers to create powerful and efficient edge systems for a wide range of applications.”.
Unparalleled Commitment: 5-Year Product Supply
Acknowledging the critical need for long-term product stability in industrial applications, Aetina ensures a 5-year product supply for the Aetina IA380E-QUFL, which streamlines system roadmaps and reduces the need for costly redesign. Our commitment is aligned with Intel’s announced product plans for the Intel Arc A380E GPU.[1]
[1]https://www.intel.com/content/www/us/en/content-details/820389/intel-arc-gpu-for-the-edge-public-30-3-30.html?wapkw=Intel%20Arc%20GPU%2030-3-30&DocID=820389 Intel, the Intel logo, and other Intel marks are trademarks of Intel Corporation or its subsidiaries.
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Meta description : Explore IG Canada’s advanced trading platform, educational resources, and robust security features. Achieve your trading goals with the innovative tools.
NOTTINGHAM, England, April 25, 2024 /PRNewswire/ — IG Canada, a premier online trading platform, is pleased to announce significant enhancements to its trading technology, designed to empower both novice and experienced traders with superior tools and resources. This development is part of IG Canada’s commitment to providing the best trading experience in the Canadian market.
IG Canada has upgraded its platform with advanced features that streamline trading processes and improve the accuracy of trade execution. These enhancements include customizable charts, a wider range of indicators, and improved mobile access, ensuring traders can operate efficiently from anywhere at any time.
Recognizing the importance of education in trading success, IG Canada has expanded its educational resources. The brokerage now offers a comprehensive learning center featuring webinars, tutorials, and articles that cater to various skill levels. These resources are designed to help traders develop robust trading strategies and improve their market knowledge.
Security remains a top priority for IG Canada. The latest updates include enhanced encryption and multi-factor authentication to protect client data and funds. These security measures provide peace of mind for traders, knowing their investments are safeguarded against potential threats.
IG Canada is a leading online brokerage that provides trading services across multiple asset classes, including forex, stocks, commodities, and indices. With a focus on innovation and customer service, IG Canada is committed to helping Canadian traders achieve their investment goals through a transparent and efficient trading environment.
In addition, IG Canada is committed to engaging with the community through upcoming webinars, live events, and partnerships with local financial experts. These initiatives are designed not only to support the growth and education of the clients but also to foster a stronger, more connected trading community in Canada.
Press Contact:Contact Name: Timothy C. SherwinEmail: [email protected] Phone: +447 441425053
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Artificial Intelligence
Sentrycs Now Part of the UK National Protective Security Authority Catalog of Security Equipment
This inclusion into the NPSA CSE marks a significant milestone in the company’s commitment to enhancing national and international airspace security and to leading the C-UAS market toward multi-layer strategy optimization and excellence.
TEL-AVIV, Israel, April 25, 2024 /PRNewswire/ — Sentrycs, a leading innovator in adaptive counter-drone solutions, is proud to announce its inclusion in the prestigious UK National Protective Security Authority Catalogue of Security Equipment (NPSA CSE).
Following a rigorous assessment process, Sentrycs’ cutting-edge Counter Unmanned Aerial Systems (C-UAS) solution has met the high standards set by the NPSA for Detection, Tracking, and Identification (DTI). The testing, conducted at the NPSA’s designated testing facilities in August 2023, rigorously evaluated the Sentrycs system against the NPSA’s DTI Testing and Evaluation Standard v3.1.
Sentrycs elected to be assessed under Configuration D as a 3D system with Ground Control Station (GCS) detection capability and platform identification capability, which is the most demanding test scenario with the highest number of scored parameters.
The Sentrycs system demonstrated exceptional capabilities in various security scenarios, showcasing its robustness in detecting and tracking with high accuracy and zero false alarms. The system’s innovative use of cyber techniques to extract data from targets and its streamlined human-machine interface were especially noted for their efficiency and ease of use.
“Our team is proud to have Sentrycs recognized by the UK National Protective Security Authority,” said Yoav Zaltzman, CEO of Sentrycs. “Being listed in the CSE is not just an honor; it’s a testament to our technology’s reliability and effectiveness in contributing to the ever-changing airspace security landscape.”
Sentrycs’ technology is now accessible through the NPSA CSE, providing security practitioners with verified solutions that meet the UK’s rigorous security standards. This inclusion not only underscores Sentrycs’ role in advancing security technology but also enhances its visibility and credibility on a global stage.
For more details on Sentrycs’ solutions and their impact, visit www.sentrycs.com.
For further information regarding the NPSA and the Catalog of Security Equipment, please visit the NPSA’s official website.
About Sentrycs
Sentrycs is a leader in adaptive counter-drone solutions, supported by innovative technology designed to passively identify, mitigate, and where necessary, intercept unauthorized drones custom-built for various environments – including airports, borders, prisons, critical infrastructure, and mass events. Founded in 2017, Sentrycs’ has offices in Israel and the US, serving customers worldwide. By uniting its field-proven technology and expertise in global drone environments, Sentrycs is leading the way towards a safer and more secure drone-driven future. Learn more at www.sentrycs.com
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