Global Payment Services Provider Market Growth (Status and Outlook) 2023-2029

Payment service providers – also known as merchant service providers or PSPs – are third parties that help merchants accept payments. Simply put, payment service providers enable merchants to accept credit/debit payments (as well as Direct Debit, bank transfer, real-time bank transfer, etc.) by connecting them to the broader financial world. They provide both a merchant account and a payment gateway, ensuring that businesses can collect and manage their payments in a simple and efficient way.

LPI (LP Information)' newest research report, the “Payment Services Provider Industry Forecast” looks at past sales and reviews total world Payment Services Provider sales in 2022, providing a comprehensive analysis by region and market sector of projected Payment Services Provider sales for 2023 through 2029. With Payment Services Provider sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Payment Services Provider industry.

This Insight Report provides a comprehensive analysis of the global Payment Services Provider landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Payment Services Provider portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Payment Services Provider market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Payment Services Provider and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Payment Services Provider.

The global Payment Services Provider market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

In Europe market，Payment Services Provider key players include Worldline, FIS (Worldpay), PayPal, etc. Top 3 manufacturers hold a share over 40%.

In terms of product, Online Payment is the largest segment, with a share over 63%. And in terms of application, the largest application is E-commerce.

This report presents a comprehensive overview, market shares, and growth opportunities of Payment Services Provider market by product type, application, key players and key regions and countries.

Market Segmentation:
Segmentation by type
    Online Payment
    Offline Payment

Segmentation by application
    E-commerce
    Retail
    Hospitality
    Utilities and Telecommunication
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Worldline
    FIS (Worldpay)
    PayPal
    Stripe
    Apple Pay
    Mastercard
    Amazon Payments
    Nexi Payments SpA
    Arvato
    Poste Italiane
    Paysafe Group
    Adyen
    SIBS
    Shopify
    Lyra Network
    Vodafone Wallet
    Axepta SpA
    TWINT
    Paylib
    MobilePay
    Tesco Pay+
    Paym

List of Tables
    Table 1. Payment Services Provider Market Size CAGR by Region (2018 VS 2022 VS 2029) & ($ Millions)
    Table 2. Major Players of Online Payment
    Table 3. Major Players of Offline Payment
    Table 4. Payment Services Provider Market Size CAGR by Type (2018 VS 2022 VS 2029) & ($ Millions)
    Table 5. Global Payment Services Provider Market Size by Type (2018-2023) & ($ Millions)
    Table 6. Global Payment Services Provider Market Size Market Share by Type (2018-2023)
    Table 7. Payment Services Provider Market Size CAGR by Application (2018 VS 2022 VS 2029) & ($ Millions)
    Table 8. Global Payment Services Provider Market Size by Application (2018-2023) & ($ Millions)
    Table 9. Global Payment Services Provider Market Size Market Share by Application (2018-2023)
    Table 10. Global Payment Services Provider Revenue by Players (2018-2023) & ($ Millions)
    Table 11. Global Payment Services Provider Revenue Market Share by Player (2018-2023)
    Table 12. Payment Services Provider Key Players Head office and Products Offered
    Table 13. Payment Services Provider Concentration Ratio (CR3, CR5 and CR10) & (2021-2023)
    Table 14. New Products and Potential Entrants
    Table 15. Mergers & Acquisitions, Expansion
    Table 16. Global Payment Services Provider Market Size by Regions 2018-2023 & ($ Millions)
    Table 17. Global Payment Services Provider Market Size Market Share by Regions (2018-2023)
    Table 18. Global Payment Services Provider Revenue by Country/Region (2018-2023) & ($ millions)
    Table 19. Global Payment Services Provider Revenue Market Share by Country/Region (2018-2023)
    Table 20. Americas Payment Services Provider Market Size by Country (2018-2023) & ($ Millions)
    Table 21. Americas Payment Services Provider Market Size Market Share by Country (2018-2023)
    Table 22. Americas Payment Services Provider Market Size by Type (2018-2023) & ($ Millions)
    Table 23. Americas Payment Services Provider Market Size Market Share by Type (2018-2023)
    Table 24. Americas Payment Services Provider Market Size by Application (2018-2023) & ($ Millions)
    Table 25. Americas Payment Services Provider Market Size Market Share by Application (2018-2023)
    Table 26. APAC Payment Services Provider Market Size by Region (2018-2023) & ($ Millions)
    Table 27. APAC Payment Services Provider Market Size Market Share by Region (2018-2023)
    Table 28. APAC Payment Services Provider Market Size by Type (2018-2023) & ($ Millions)
    Table 29. APAC Payment Services Provider Market Size Market Share by Type (2018-2023)
    Table 30. APAC Payment Services Provider Market Size by Application (2018-2023) & ($ Millions)
    Table 31. APAC Payment Services Provider Market Size Market Share by Application (2018-2023)
    Table 32. Europe Payment Services Provider Market Size by Country (2018-2023) & ($ Millions)
    Table 33. Europe Payment Services Provider Market Size Market Share by Country (2018-2023)
    Table 34. Europe Payment Services Provider Market Size by Type (2018-2023) & ($ Millions)
    Table 35. Europe Payment Services Provider Market Size Market Share by Type (2018-2023)
    Table 36. Europe Payment Services Provider Market Size by Application (2018-2023) & ($ Millions)
    Table 37. Europe Payment Services Provider Market Size Market Share by Application (2018-2023)
    Table 38. Middle East & Africa Payment Services Provider Market Size by Region (2018-2023) & ($ Millions)
    Table 39. Middle East & Africa Payment Services Provider Market Size Market Share by Region (2018-2023)
    Table 40. Middle East & Africa Payment Services Provider Market Size by Type (2018-2023) & ($ Millions)
    Table 41. Middle East & Africa Payment Services Provider Market Size Market Share by Type (2018-2023)
    Table 42. Middle East & Africa Payment Services Provider Market Size by Application (2018-2023) & ($ Millions)
    Table 43. Middle East & Africa Payment Services Provider Market Size Market Share by Application (2018-2023)
    Table 44. Key Market Drivers & Growth Opportunities of Payment Services Provider
    Table 45. Key Market Challenges & Risks of Payment Services Provider
    Table 46. Key Industry Trends of Payment Services Provider
    Table 47. Global Payment Services Provider Market Size Forecast by Regions (2024-2029) & ($ Millions)
    Table 48. Global Payment Services Provider Market Size Market Share Forecast by Regions (2024-2029)
    Table 49. Global Payment Services Provider Market Size Forecast by Type (2024-2029) & ($ Millions)
    Table 50. Global Payment Services Provider Market Size Forecast by Application (2024-2029) & ($ Millions)
    Table 51. Worldline Details, Company Type, Payment Services Provider Area Served and Its Competitors
    Table 52. Worldline Payment Services Provider Product Offered
    Table 53. Worldline Payment Services Provider Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 54. Worldline Main Business
    Table 55. Worldline Latest Developments
    Table 56. FIS (Worldpay) Details, Company Type, Payment Services Provider Area Served and Its Competitors
    Table 57. FIS (Worldpay) Payment Services Provider Product Offered
    Table 58. FIS (Worldpay) Main Business
    Table 59. FIS (Worldpay) Payment Services Provider Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 60. FIS (Worldpay) Latest Developments
    Table 61. PayPal Details, Company Type, Payment Services Provider Area Served and Its Competitors
    Table 62. PayPal Payment Services Provider Product Offered
    Table 63. PayPal Main Business
    Table 64. PayPal Payment Services Provider Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 65. PayPal Latest Developments
    Table 66. Stripe Details, Company Type, Payment Services Provider Area Served and Its Competitors
    Table 67. Stripe Payment Services Provider Product Offered
    Table 68. Stripe Main Business
    Table 69. Stripe Payment Services Provider Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 70. Stripe Latest Developments
    Table 71. Apple Pay Details, Company Type, Payment Services Provider Area Served and Its Competitors
    Table 72. Apple Pay Payment Services Provider Product Offered
    Table 73. Apple Pay Main Business
    Table 74. Apple Pay Payment Services Provider Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 75. Apple Pay Latest Developments
    Table 76. Mastercard Details, Company Type, Payment Services Provider Area Served and Its Competitors
    Table 77. Mastercard Payment Services Provider Product Offered
    Table 78. Mastercard Main Business
    Table 79. Mastercard Payment Services Provider Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 80. Mastercard Latest Developments
    Table 81. Amazon Payments Details, Company Type, Payment Services Provider Area Served and Its Competitors
    Table 82. Amazon Payments Payment Services Provider Product Offered
    Table 83. Amazon Payments Main Business
    Table 84. Amazon Payments Payment Services Provider Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 85. Amazon Payments Latest Developments
    Table 86. Nexi Payments SpA Details, Company Type, Payment Services Provider Area Served and Its Competitors
    Table 87. Nexi Payments SpA Payment Services Provider Product Offered
    Table 88. Nexi Payments SpA Main Business
    Table 89. Nexi Payments SpA Payment Services Provider Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 90. Nexi Payments SpA Latest Developments
    Table 91. Arvato Details, Company Type, Payment Services Provider Area Served and Its Competitors
    Table 92. Arvato Payment Services Provider Product Offered
    Table 93. Arvato Main Business
    Table 94. Arvato Payment Services Provider Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 95. Arvato Latest Developments
    Table 96. Poste Italiane Details, Company Type, Payment Services Provider Area Served and Its Competitors
    Table 97. Poste Italiane Payment Services Provider Product Offered
    Table 98. Poste Italiane Main Business
    Table 99. Poste Italiane Payment Services Provider Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 100. Poste Italiane Latest Developments
    Table 101. Paysafe Group Details, Company Type, Payment Services Provider Area Served and Its Competitors
    Table 102. Paysafe Group Payment Services Provider Product Offered
    Table 103. Paysafe Group Payment Services Provider Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 104. Paysafe Group Main Business
    Table 105. Paysafe Group Latest Developments
    Table 106. Adyen Details, Company Type, Payment Services Provider Area Served and Its Competitors
    Table 107. Adyen Payment Services Provider Product Offered
    Table 108. Adyen Main Business
    Table 109. Adyen Payment Services Provider Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 110. Adyen Latest Developments
    Table 111. SIBS Details, Company Type, Payment Services Provider Area Served and Its Competitors
    Table 112. SIBS Payment Services Provider Product Offered
    Table 113. SIBS Main Business
    Table 114. SIBS Payment Services Provider Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 115. SIBS Latest Developments
    Table 116. Shopify Details, Company Type, Payment Services Provider Area Served and Its Competitors
    Table 117. Shopify Payment Services Provider Product Offered
    Table 118. Shopify Main Business
    Table 119. Shopify Payment Services Provider Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 120. Shopify Latest Developments
    Table 121. Lyra Network Details, Company Type, Payment Services Provider Area Served and Its Competitors
    Table 122. Lyra Network Payment Services Provider Product Offered
    Table 123. Lyra Network Main Business
    Table 124. Lyra Network Payment Services Provider Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 125. Lyra Network Latest Developments
    Table 126. Vodafone Wallet Details, Company Type, Payment Services Provider Area Served and Its Competitors
    Table 127. Vodafone Wallet Payment Services Provider Product Offered
    Table 128. Vodafone Wallet Main Business
    Table 129. Vodafone Wallet Payment Services Provider Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 130. Vodafone Wallet Latest Developments
    Table 131. Axepta SpA Details, Company Type, Payment Services Provider Area Served and Its Competitors
    Table 132. Axepta SpA Payment Services Provider Product Offered
    Table 133. Axepta SpA Main Business
    Table 134. Axepta SpA Payment Services Provider Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 135. Axepta SpA Latest Developments
    Table 136. TWINT Details, Company Type, Payment Services Provider Area Served and Its Competitors
    Table 137. TWINT Payment Services Provider Product Offered
    Table 138. TWINT Main Business
    Table 139. TWINT Payment Services Provider Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 140. TWINT Latest Developments
    Table 141. Paylib Details, Company Type, Payment Services Provider Area Served and Its Competitors
    Table 142. Paylib Payment Services Provider Product Offered
    Table 143. Paylib Main Business
    Table 144. Paylib Payment Services Provider Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 145. Paylib Latest Developments
    Table 146. MobilePay Details, Company Type, Payment Services Provider Area Served and Its Competitors
    Table 147. MobilePay Payment Services Provider Product Offered
    Table 148. MobilePay Main Business
    Table 149. MobilePay Payment Services Provider Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 150. MobilePay Latest Developments
    Table 151. Tesco Pay+ Details, Company Type, Payment Services Provider Area Served and Its Competitors
    Table 152. Tesco Pay+ Payment Services Provider Product Offered
    Table 153. Tesco Pay+ Payment Services Provider Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 154. Tesco Pay+ Main Business
    Table 155. Tesco Pay+ Latest Developments
    Table 156. Paym Details, Company Type, Payment Services Provider Area Served and Its Competitors
    Table 157. Paym Payment Services Provider Product Offered
    Table 158. Paym Main Business
    Table 159. Paym Payment Services Provider Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 160. Paym Latest Developments
List of Figures
    Figure 1. Payment Services Provider Report Years Considered
    Figure 2. Research Objectives
    Figure 3. Research Methodology
    Figure 4. Research Process and Data Source
    Figure 5. Global Payment Services Provider Market Size Growth Rate 2018-2029 ($ Millions)
    Figure 6. Payment Services Provider Sales by Geographic Region (2018, 2022 & 2029) & ($ millions)
    Figure 7. Payment Services Provider Sales Market Share by Country/Region (2022)
    Figure 8. Payment Services Provider Sales Market Share by Country/Region (2018, 2022 & 2029)
    Figure 9. Global Payment Services Provider Market Size Market Share by Type in 2022
    Figure 10. Payment Services Provider in E-commerce
    Figure 11. Global Payment Services Provider Market: E-commerce (2018-2023) & ($ Millions)
    Figure 12. Payment Services Provider in Retail
    Figure 13. Global Payment Services Provider Market: Retail (2018-2023) & ($ Millions)
    Figure 14. Payment Services Provider in Hospitality
    Figure 15. Global Payment Services Provider Market: Hospitality (2018-2023) & ($ Millions)
    Figure 16. Payment Services Provider in Utilities and Telecommunication
    Figure 17. Global Payment Services Provider Market: Utilities and Telecommunication (2018-2023) & ($ Millions)
    Figure 18. Payment Services Provider in Others
    Figure 19. Global Payment Services Provider Market: Others (2018-2023) & ($ Millions)
    Figure 20. Global Payment Services Provider Market Size Market Share by Application in 2022
    Figure 21. Global Payment Services Provider Revenue Market Share by Player in 2022
    Figure 22. Global Payment Services Provider Market Size Market Share by Regions (2018-2023)
    Figure 23. Americas Payment Services Provider Market Size 2018-2023 ($ Millions)
    Figure 24. APAC Payment Services Provider Market Size 2018-2023 ($ Millions)
    Figure 25. Europe Payment Services Provider Market Size 2018-2023 ($ Millions)
    Figure 26. Middle East & Africa Payment Services Provider Market Size 2018-2023 ($ Millions)
    Figure 27. Americas Payment Services Provider Value Market Share by Country in 2022
    Figure 28. United States Payment Services Provider Market Size Growth 2018-2023 ($ Millions)
    Figure 29. Canada Payment Services Provider Market Size Growth 2018-2023 ($ Millions)
    Figure 30. Mexico Payment Services Provider Market Size Growth 2018-2023 ($ Millions)
    Figure 31. Brazil Payment Services Provider Market Size Growth 2018-2023 ($ Millions)
    Figure 32. APAC Payment Services Provider Market Size Market Share by Region in 2022
    Figure 33. APAC Payment Services Provider Market Size Market Share by Type in 2022
    Figure 34. APAC Payment Services Provider Market Size Market Share by Application in 2022
    Figure 35. China Payment Services Provider Market Size Growth 2018-2023 ($ Millions)
    Figure 36. Japan Payment Services Provider Market Size Growth 2018-2023 ($ Millions)
    Figure 37. Korea Payment Services Provider Market Size Growth 2018-2023 ($ Millions)
    Figure 38. Southeast Asia Payment Services Provider Market Size Growth 2018-2023 ($ Millions)
    Figure 39. India Payment Services Provider Market Size Growth 2018-2023 ($ Millions)
    Figure 40. Australia Payment Services Provider Market Size Growth 2018-2023 ($ Millions)
    Figure 41. Europe Payment Services Provider Market Size Market Share by Country in 2022
    Figure 42. Europe Payment Services Provider Market Size Market Share by Type (2018-2023)
    Figure 43. Europe Payment Services Provider Market Size Market Share by Application (2018-2023)
    Figure 44. Germany Payment Services Provider Market Size Growth 2018-2023 ($ Millions)
    Figure 45. France Payment Services Provider Market Size Growth 2018-2023 ($ Millions)
    Figure 46. UK Payment Services Provider Market Size Growth 2018-2023 ($ Millions)
    Figure 47. Italy Payment Services Provider Market Size Growth 2018-2023 ($ Millions)
    Figure 48. Russia Payment Services Provider Market Size Growth 2018-2023 ($ Millions)
    Figure 49. Middle East & Africa Payment Services Provider Market Size Market Share by Region (2018-2023)
    Figure 50. Middle East & Africa Payment Services Provider Market Size Market Share by Type (2018-2023)
    Figure 51. Middle East & Africa Payment Services Provider Market Size Market Share by Application (2018-2023)
    Figure 52. Egypt Payment Services Provider Market Size Growth 2018-2023 ($ Millions)
    Figure 53. South Africa Payment Services Provider Market Size Growth 2018-2023 ($ Millions)
    Figure 54. Israel Payment Services Provider Market Size Growth 2018-2023 ($ Millions)
    Figure 55. Turkey Payment Services Provider Market Size Growth 2018-2023 ($ Millions)
    Figure 56. GCC Country Payment Services Provider Market Size Growth 2018-2023 ($ Millions)
    Figure 57. Americas Payment Services Provider Market Size 2024-2029 ($ Millions)
    Figure 58. APAC Payment Services Provider Market Size 2024-2029 ($ Millions)
    Figure 59. Europe Payment Services Provider Market Size 2024-2029 ($ Millions)
    Figure 60. Middle East & Africa Payment Services Provider Market Size 2024-2029 ($ Millions)
    Figure 61. United States Payment Services Provider Market Size 2024-2029 ($ Millions)
    Figure 62. Canada Payment Services Provider Market Size 2024-2029 ($ Millions)
    Figure 63. Mexico Payment Services Provider Market Size 2024-2029 ($ Millions)
    Figure 64. Brazil Payment Services Provider Market Size 2024-2029 ($ Millions)
    Figure 65. China Payment Services Provider Market Size 2024-2029 ($ Millions)
    Figure 66. Japan Payment Services Provider Market Size 2024-2029 ($ Millions)
    Figure 67. Korea Payment Services Provider Market Size 2024-2029 ($ Millions)
    Figure 68. Southeast Asia Payment Services Provider Market Size 2024-2029 ($ Millions)
    Figure 69. India Payment Services Provider Market Size 2024-2029 ($ Millions)
    Figure 70. Australia Payment Services Provider Market Size 2024-2029 ($ Millions)
    Figure 71. Germany Payment Services Provider Market Size 2024-2029 ($ Millions)
    Figure 72. France Payment Services Provider Market Size 2024-2029 ($ Millions)
    Figure 73. UK Payment Services Provider Market Size 2024-2029 ($ Millions)
    Figure 74. Italy Payment Services Provider Market Size 2024-2029 ($ Millions)
    Figure 75. Russia Payment Services Provider Market Size 2024-2029 ($ Millions)
    Figure 76. Spain Payment Services Provider Market Size 2024-2029 ($ Millions)
    Figure 77. Egypt Payment Services Provider Market Size 2024-2029 ($ Millions)
    Figure 78. South Africa Payment Services Provider Market Size 2024-2029 ($ Millions)
    Figure 79. Israel Payment Services Provider Market Size 2024-2029 ($ Millions)
    Figure 80. Turkey Payment Services Provider Market Size 2024-2029 ($ Millions)
    Figure 81. GCC Countries Payment Services Provider Market Size 2024-2029 ($ Millions)
    Figure 82. Global Payment Services Provider Market Size Market Share Forecast by Type (2024-2029)
    Figure 83. Global Payment Services Provider Market Size Market Share Forecast by Application (2024-2029)

Worldline
FIS (Worldpay)
PayPal
Stripe
Apple Pay
Mastercard
Amazon Payments
Nexi Payments SpA
Arvato
Poste Italiane
Paysafe Group
Adyen
SIBS
Shopify
Lyra Network
Vodafone Wallet
Axepta SpA
TWINT
Paylib
MobilePay
Tesco Pay+
Paym

LP Information presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

• Primary Source
  Players/Suppliers
  Industry Experts
  Distributors/Traders
  Opinion Leaders
  Front-line Staff
  Marketing Executives

  Secondary Source
  Journals and Periodicals
  Government Bodies
  Annual Reports
  Presentations
  Paid Databases
  LPI Internal Repository

• Data Synthesis
  Information Gathering
  Collation of Data
  Estimation of Key Figures
  Analysis of Derived Insights

  Data Validation
  Triangulation with Data Models
  Reference Against Proprietary
  Databases
  Corroboration with Industry Experts

• Qualitative Analysis
  Market drivers
  Market challenges
  Market trends
  Five forces analysis

  Qualitative Analysis
  Market size and forecast
  Market segmentation
  Geographical insights
  Competitive landscape