The Europe Payment Processing Solutions Market would witness market growth of 9.1% CAGR during the forecast period (2018 - 2024). Real-time transfers (RTP) are a popular subject in Europe owing to the recent launch of the Single Euro Payment Area (SEPA) Instant Credit Transfer (SCT Inst) scheme. The European Central Bank (ECB) has introduced an advanced pan-European service to immediately settle digital transactions. TARGET instant payment settlement (TIPS) uses cash from the central bank to settle payments individually in less than 10 seconds. Banks across Europe can now pursue the lead of France, Germany and Spain, which have already linked to TIPS, by connecting to the platform and creating user-friendly alternatives that promote immediate payment by appealing to both retailers and consumers.
Based on Payment method, the market is segmented into Credit Card, Debit card and Ewallet. Based on End User, the market is segmented into Hospitality, Retail, Utilities & Telecommunication, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe. The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include PayPal Holdings, Inc., Global Payments Inc., First Data Corporation, Square Inc., Wirecard AG, Naspers Limited, Visa Inc., Jack Henry & Associates Inc., Adyen N.V., and Paysafe Group Limited.
Market Segmentation:
By Payment Method
By End User
By Country
Companies Profiled
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