Global Cards And Payments Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
30 Apr, 2021
The cards and payments market consists of sales of cards and payments services by entities (organizations, sole traders and partnerships) that are engaged in storing, processing and transmitting payment card data.
Global Cards And Payments Market Size And Drivers:
The cards and payments market expected to reach $671.73 billion in 2020 to $729.9 billion in 2021 at a compound annual growth rate (CAGR) of 8.7%. The market is expected to reach $961.34 billion in 2025 at a CAGR of 7%.
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Trends In The Global Cards And Payments Market
Cards and payments companies are investing in technologies and formulating guidelines to prevent card and payment frauds. In this regard, payment service providers and merchants have implemented various solutions including the Payment Card Industry Data Security Standard (PCI DSS) compliance, EMV technology, 3-D Secure services, tokenization, biometrics and end-to-end encryption. To combat the constantly evolving card fraud methods, the National Retail Federation (NRF) also updates its security guidelines continuously.
Global Cards And Payments Market Segments:
The global cards and payments market is further segmented based on type, institution type and geography.
By Type: Cards, Payments
By Institution Type: Banking Institutions, Non-Banking Institutions.
By Geography: The global cards and payments market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global cards & payments market, accounting for 33% of the market.
Read More On The Report For The Global Cards And Payments Market At:https://www.thebusinessresearchcompany.com/report/cards-and-payments-global-market-report
Cards And Payments Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides cards and payments market overviews, analyzes and forecasts market size and growth for the global cards and payments market, cards and payments market share, cards and payments market players, cards and payments market segments and geographies, cards and payments market’s leading competitors’ revenues, profiles and market shares. The cards and payments market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.