Market Overview and Forecast with Impact of COVID-19 (2022-2027)

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According to a research report published by Azoth Analytics in July 2021, the global merchant acquiring market was valued at around USD 24.91 billion in 2021.

New York, Aug. 03, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Merchant Acquiring Market – Analysis by Type, End User, Distribution Channel, Technology, Region, Country (Edit 2022): Market Overview and Forecast with Impact of COVID-19 (2022-2027)” – https://www.reportlinker.com/p06311753/?utm_source=GNW
Payments are increasingly cashless and industry’s role in promoting inclusion has become a high priority. The card acquiring industry has grown gradually over time providing retailers and merchants with a platform to manage card payment transactions quickly and efficiently.

Over the past 10 years, merchant acquiring has become a commodity and players in the field are now differentiating their offerings by lowering margins on transactional volume. Future-oriented growth in this space is about creating an enhanced “merchant acquirer” that will provide value-added services to existing customers and create new business in the SME market. Factors such as the shift to cashless promises to reduce costs, increase convenience, and increase security for consumers and businesses are driving the merchant acquiring market.

The retail segment accounts for the bulk of the merchant acquiring market. Rising population, rapid urbanization, increasing disposable income, and changing consumer preferences are factors that are driving the retail segment resulting in high number of cashless transactions. Merchant acquiring business is one of the profitable businesses in the restaurant and hotel segment where customers can check in with quick and hassle-free card payments.

The Americas region holds the leading merchant acquiring market share with the US merchant acquiring market, driven by a surge in innovation, an enthusiastic community of new entrants, and a proliferation of new payment experiences.

Report scope
• The report analyzes Merchant Acquisitions Market by Value (USD Million), by Volume (in Figures)

• The report analyzes the merchant acquiring market by type (debit card, credit card)

• The report analyzes the merchant acquiring market by end user (Retail, Hotels & Restaurants, Healthcare, Others)

• Global merchant acquisition market analyzed by country (USA, Canada, Germany, UK, France, Italy, China, Japan, India, South Korea)

• Key insights from the report have been presented through the frameworks of the company’s SWOT analysis and Porter’s Five Forces analysis. Also, market attractiveness has been presented by region, by type, by end user

• Further, major industry opportunities, trends, drivers and challenges have been analyzed in the report.

• The report tracks competitive developments, strategies, mergers and acquisitions, and new product development. Companies analyzed in the report include – Fiserv, Inc., JPMorgan Chase & Co., Fidelity National Information Services, Inc. (FIS), Sberbank, Bank of America, Global Payments Inc., Adyen, SHIFT4 PAYMENTS, INC., Citigroup Inc., China UMS

• The report presents the analysis of the merchant acquiring market for the historic period of 2017-2021 and the forecast period of 2022-2027

Key target audience

• Merchant Acquirer Market players

• Financial and non-financial companies, retailers, etc.

• Government and policy makers

• Regulatory authorities
Read the full report: https://www.reportlinker.com/p06311753/?utm_source=GNW

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