Payment Processing Solutions Industry Overview
The competitive landscape of the Payment Processing Solutions Market is expected to move towards fragmentation owing to the emergence and rapid adoption of digital/mobile payments coupled with the massive growth of e-commerce across industries. The market players are viewing strategic partnerships and collaborations as a lucrative path to foster growth and enhance market presence. Also, the market players are making consistent innovations and product development to bolster their market share.
- October 2019 - Kabbage introduced payment processing solutions, which are expected to reduce the time it takes for small businesses to get paid, with many remittances received within 24 hours.
- October 2019 - simPRO partnered with Square to provide fast and simple payment processing options to field service professionals. simPRO is a comprehensive software solution with features to simplify field service management for trade contracting businesses.
Payment Processing Solutions Market Leaders
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PayPal (Braintree)
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Mastercard Inc.
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Square, Inc.
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CCBill, LLC
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Fidelity National Information Services, Inc.
- *Disclaimer: Major Players sorted in no particular order
