How big is the Payment as a Service Market?

The Payment as a Service Market size is expected to reach USD 10.98 billion in 2024 and grow at a CAGR of 32.26% to reach USD 44.44 billion by 2029. Read More

What is the current Payment as a Service Market size?

In 2024, the Payment as a Service Market size is expected to reach USD 10.98 billion. Read More

Who are the key players in Payment as a Service Market?

FIS, Thales Group, Ingenico Group, Agilysys, Inc. and Paysafe Holdings UK Limited. are the major companies operating in the Payment as a Service Market. Read More

Which is the fastest growing region in Payment as a Service Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Payment as a Service Market?

In 2024, the North America accounts for the largest market share in Payment as a Service Market. Read More

What years does this Payment as a Service Market cover, and what was the market size in 2023?

In 2023, the Payment as a Service Market size was estimated at USD 8.30 billion. The report covers the Payment as a Service Market historical market size for years: 2021, 2022 and 2023. The report also forecasts the Payment as a Service Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Payment as a Service Market - Trends, Share & Analysis

Payment as a Service Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Payments as a Service Providers and the Market is Segmented by Type of Services (Merchant Financing, Regulatory Compliance, Security and Fraud Protection, Payment Applications and Gateways), End-user Industry (Retail and E-commerce, BFSI, Hospitality, Media and Entertainment, Healthcare), and Geography. The market sizes and forecasts are provided in terms of value (USD billion) for all the above segments.

Payment as a Service (PAAS) Industry Overview

The payment as a service market is highly competitive and fragmented, owing to the presence of many payment service providers. The market players are consistently focusing on developing innovative products. The vendors increasingly focus on mergers and acquisitions to increase market share and gain market traction.

In November 2022, Adyen, the global financial technology platform of choice for leading businesses, announced that Instacart, the leading grocery technology company in North America, has selected the company as an additional payments processing partner.
In October 2022, Ingenico, the technological partner in payments acceptance, and Live Payments, one of Australia's leading payment service providers, entered a long-term strategic partnership to equip retailers and taxis with seamless, convenient payment and commerce solutions. Ingenico will roll out its AXIUM range of Android Smart POS for Live Payments across Australia.