The Latin America, Middle East and Africa Payment As A Service Market would witness market growth of 17.8% CAGR during the forecast period (2022-2028).
The PaaS solutions allow financial institutions, banks, and payment providers to offer advanced payment products without charging internal development investment costs to consumers. It also offers better products and services through on-premise or cloud-based third-party platforms. In recent years, traditional banks have slowly begun to be replaced by the neobanks. Neobanks are new-age banks that do not have any physical location and are present entirely online.
These banks offer online, mobile-first financial solutions for payments, lending, money transfer, and others. Compared to traditional banks tech-first neobanks provide numerous benefits like faster response time, smoother UI, automation, and lower operating costs. It is also advantageous for businesses to benefit from the cost-cutting, automation, and speedy services offered by these new-age banks.
More and more people are attracted to these digital setups. Due to the rising popularity of the neobanks many new-age banks are entering the arena which is supporting the PaaS model. Many businesses are also updating their payment processors to enable cryptocurrency. Cryptocurrency is similar to the other payment processors but with digital currencies. Merchants or vendors are now also offering cryptocurrency payment options to consumers. This will further enable them to accept digital transactions and receive fiat currency in exchange.
The adoption of a broad range of digital payment methods will accelerate digital payment in South Africa. People are widely using digital cards, cryptocurrency, online banking, buy now pay later services, and biometric services for various financial transactions in their routine life. Besides that, Africa is also keeping pace with innovative and transformative technologies. The regulatory shifts and influx of investments have greatly shaped the e-payments ecosystem in Africa. More & more people are engaging themselves in domestic as well as cross-border online payments.
The Brazil market dominated the LAMEA Payment As A Service Market by Country in 2021; thereby, achieving a market value of $558.4 million by 2028. The Argentina market is showcasing a CAGR of 18.5% during (2022 - 2028). Additionally, The UAE market would register a CAGR of 17.5% during (2022 - 2028).
Based on Component, the market is segmented into Platform and Services (Professional and Managed). Based on Industry, the market is segmented into Retail & E-commerce, BFSI, Healthcare, Travel & Hospitality, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Payment As A Service Market is Predict to reach $30.5 Billion by 2028, at a CAGR of 16.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Agilysys, Inc., PPRO Financial Ltd. (Alpha Fintech), Aurus, Inc., Deluxe Corporation (First American Payment Systems L.P.), Fiserv, Inc., Global Payments, Inc., Ingenico Apollo Global Management, Paysafe Limited, VeriFone, Inc. (Francisco Partners) and ACI worldwide, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Component
By Industry
- Retail & E-commerce
- BFSI
- Healthcare
- Travel & Hospitality
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Agilysys, Inc.
- PPRO Financial Ltd. (Alpha Fintech)
- Aurus, Inc.
- Deluxe Corporation (First American Payment Systems L.P.)
- Fiserv, Inc.
- Global Payments, Inc.
- Ingenico Apollo Global Management
- Paysafe Limited
- VeriFone, Inc. (Francisco Partners)
- ACI worldwide, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Payment As A Service Market, by Component
1.4.2 LAMEA Payment As A Service Market, by Industry
1.4.3 LAMEA Payment As A Service Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2019, Feb – 2022, Nov) Leading Players
Chapter 4. LAMEA Payment As A Service Market by Component
4.1 LAMEA Platform Market by Country
4.2 LAMEA Services Market by Country
4.3 LAMEA Payment As A Service Market by Services Type
4.3.1 LAMEA Professional Market by Country
4.3.2 LAMEA Managed Market by Country
Chapter 5. LAMEA Payment As A Service Market by Industry
5.1 LAMEA Retail & E-commerce Market by Country
5.2 LAMEA BFSI Market by Country
5.3 LAMEA Healthcare Market by Country
5.4 LAMEA Travel & Hospitality Market by Country
5.5 LAMEA Others Market by Country
Chapter 6. LAMEA Payment As A Service Market by Country
6.1 Brazil Payment As A Service Market
6.1.1 Brazil Payment As A Service Market by Component
6.1.1.1 Brazil Payment As A Service Market by Services Type
6.1.2 Brazil Payment As A Service Market by Industry
6.2 Argentina Payment As A Service Market
6.2.1 Argentina Payment As A Service Market by Component
6.2.1.1 Argentina Payment As A Service Market by Services Type
6.2.2 Argentina Payment As A Service Market by Industry
6.3 UAE Payment As A Service Market
6.3.1 UAE Payment As A Service Market by Component
6.3.1.1 UAE Payment As A Service Market by Services Type
6.3.2 UAE Payment As A Service Market by Industry
6.4 Saudi Arabia Payment As A Service Market
6.4.1 Saudi Arabia Payment As A Service Market by Component
6.4.1.1 Saudi Arabia Payment As A Service Market by Services Type
6.4.2 Saudi Arabia Payment As A Service Market by Industry
6.5 South Africa Payment As A Service Market
6.5.1 South Africa Payment As A Service Market by Component
6.5.1.1 South Africa Payment As A Service Market by Services Type
6.5.2 South Africa Payment As A Service Market by Industry
6.6 Nigeria Payment As A Service Market
6.6.1 Nigeria Payment As A Service Market by Component
6.6.1.1 Nigeria Payment As A Service Market by Services Type
6.6.2 Nigeria Payment As A Service Market by Industry
6.7 Rest of LAMEA Payment As A Service Market
6.7.1 Rest of LAMEA Payment As A Service Market by Component
6.7.1.1 Rest of LAMEA Payment As A Service Market by Services Type
6.7.2 Rest of LAMEA Payment As A Service Market by Industry
Chapter 7. Company Profiles
7.1 Fiserv, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Recent strategies and developments:
7.1.4.1 Acquisition and Mergers:
7.2 Global Payments, Inc.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Recent strategies and developments:
7.2.4.1 Partnerships, Collaborations, and Agreements:
7.2.4.2 Product Launches and Product Expansions:
7.2.4.3 Acquisition and Mergers:
7.3 Agilysys, Inc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Research & Development Expenses
7.3.4 Recent strategies and developments:
7.3.4.1 Partnerships, Collaborations, and Agreements:
7.3.4.2 Product Launches and Product Expansions:
7.3.4.3 Acquisition and Mergers:
7.4 Ingenico Apollo Global Management (Worldline)
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.5 Paysafe Limited
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.5.5 Recent strategies and developments:
7.5.5.1 Partnerships, Collaborations, and Agreements:
7.5.5.2 Product Launches and Product Expansions:
7.5.5.3 Acquisition and Mergers:
7.5.5.4 Geographical Expansions:
7.6 ACI Worldwide, Inc.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Regional & Segmental Analysis
7.6.4 Research & Development Expenses
7.6.5 Recent strategies and developments:
7.6.5.1 Partnerships, Collaborations, and Agreements:
7.6.5.2 Product Launches and Product Expansions:
7.6.5.3 Acquisition and Mergers:
7.7 PPRO Financial Ltd. (Alpha Fintech)
7.7.1 Company Overview
7.7.2 Recent strategies and developments:
7.7.2.1 Product Launches and Product Expansions:
7.8 Aurus, Inc.
7.8.1 Company Overview
7.8.2 Recent strategies and developments:
7.8.2.1 Partnerships, Collaborations, and Agreements:
7.8.2.2 Geographical Expansions:
7.9 Deluxe Corporation (First American Payment systems, L.P)
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Recent strategies and developments:
7.9.4.1 Partnerships, Collaborations, and Agreements:
7.10. VeriFone Holdings, Inc. (Francisco Partners)
7.10.1 Company Overview
TABLE 1 LAMEA Payment As A Service Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Payment As A Service Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements – Payment As A Service Market
TABLE 4 Product Launches And Product Expansions – Payment As A Service Market
TABLE 5 Acquisition and Mergers – Payment As A Service Market
TABLE 6 Geographical Expansions – Payment As A Service Market
TABLE 7 LAMEA Payment As A Service Market by Component, 2018 - 2021, USD Million
TABLE 8 LAMEA Payment As A Service Market by Component, 2022 - 2028, USD Million
TABLE 9 LAMEA Platform Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Platform Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Services Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Services Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Payment As A Service Market by Services Type, 2018 - 2021, USD Million
TABLE 14 LAMEA Payment As A Service Market by Services Type, 2022 - 2028, USD Million
TABLE 15 LAMEA Professional Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Professional Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Managed Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Managed Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Payment As A Service Market by Industry, 2018 - 2021, USD Million
TABLE 20 LAMEA Payment As A Service Market by Industry, 2022 - 2028, USD Million
TABLE 21 LAMEA Retail & E-commerce Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Retail & E-commerce Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA BFSI Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA BFSI Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Healthcare Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 27 LAMEA Travel & Hospitality Market by Country, 2018 - 2021, USD Million
TABLE 28 LAMEA Travel & Hospitality Market by Country, 2022 - 2028, USD Million
TABLE 29 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 30 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 31 LAMEA Payment As A Service Market by Country, 2018 - 2021, USD Million
TABLE 32 LAMEA Payment As A Service Market by Country, 2022 - 2028, USD Million
TABLE 33 Brazil Payment As A Service Market, 2018 - 2021, USD Million
TABLE 34 Brazil Payment As A Service Market, 2022 - 2028, USD Million
TABLE 35 Brazil Payment As A Service Market by Component, 2018 - 2021, USD Million
TABLE 36 Brazil Payment As A Service Market by Component, 2022 - 2028, USD Million
TABLE 37 Brazil Payment As A Service Market by Services Type, 2018 - 2021, USD Million
TABLE 38 Brazil Payment As A Service Market by Services Type, 2022 - 2028, USD Million
TABLE 39 Brazil Payment As A Service Market by Industry, 2018 - 2021, USD Million
TABLE 40 Brazil Payment As A Service Market by Industry, 2022 - 2028, USD Million
TABLE 41 Argentina Payment As A Service Market, 2018 - 2021, USD Million
TABLE 42 Argentina Payment As A Service Market, 2022 - 2028, USD Million
TABLE 43 Argentina Payment As A Service Market by Component, 2018 - 2021, USD Million
TABLE 44 Argentina Payment As A Service Market by Component, 2022 - 2028, USD Million
TABLE 45 Argentina Payment As A Service Market by Services Type, 2018 - 2021, USD Million
TABLE 46 Argentina Payment As A Service Market by Services Type, 2022 - 2028, USD Million
TABLE 47 Argentina Payment As A Service Market by Industry, 2018 - 2021, USD Million
TABLE 48 Argentina Payment As A Service Market by Industry, 2022 - 2028, USD Million
TABLE 49 UAE Payment As A Service Market, 2018 - 2021, USD Million
TABLE 50 UAE Payment As A Service Market, 2022 - 2028, USD Million
TABLE 51 UAE Payment As A Service Market by Component, 2018 - 2021, USD Million
TABLE 52 UAE Payment As A Service Market by Component, 2022 - 2028, USD Million
TABLE 53 UAE Payment As A Service Market by Services Type, 2018 - 2021, USD Million
TABLE 54 UAE Payment As A Service Market by Services Type, 2022 - 2028, USD Million
TABLE 55 UAE Payment As A Service Market by Industry, 2018 - 2021, USD Million
TABLE 56 UAE Payment As A Service Market by Industry, 2022 - 2028, USD Million
TABLE 57 Saudi Arabia Payment As A Service Market, 2018 - 2021, USD Million
TABLE 58 Saudi Arabia Payment As A Service Market, 2022 - 2028, USD Million
TABLE 59 Saudi Arabia Payment As A Service Market by Component, 2018 - 2021, USD Million
TABLE 60 Saudi Arabia Payment As A Service Market by Component, 2022 - 2028, USD Million
TABLE 61 Saudi Arabia Payment As A Service Market by Services Type, 2018 - 2021, USD Million
TABLE 62 Saudi Arabia Payment As A Service Market by Services Type, 2022 - 2028, USD Million
TABLE 63 Saudi Arabia Payment As A Service Market by Industry, 2018 - 2021, USD Million
TABLE 64 Saudi Arabia Payment As A Service Market by Industry, 2022 - 2028, USD Million
TABLE 65 South Africa Payment As A Service Market, 2018 - 2021, USD Million
TABLE 66 South Africa Payment As A Service Market, 2022 - 2028, USD Million
TABLE 67 South Africa Payment As A Service Market by Component, 2018 - 2021, USD Million
TABLE 68 South Africa Payment As A Service Market by Component, 2022 - 2028, USD Million
TABLE 69 South Africa Payment As A Service Market by Services Type, 2018 - 2021, USD Million
TABLE 70 South Africa Payment As A Service Market by Services Type, 2022 - 2028, USD Million
TABLE 71 South Africa Payment As A Service Market by Industry, 2018 - 2021, USD Million
TABLE 72 South Africa Payment As A Service Market by Industry, 2022 - 2028, USD Million
TABLE 73 Nigeria Payment As A Service Market, 2018 - 2021, USD Million
TABLE 74 Nigeria Payment As A Service Market, 2022 - 2028, USD Million
TABLE 75 Nigeria Payment As A Service Market by Component, 2018 - 2021, USD Million
TABLE 76 Nigeria Payment As A Service Market by Component, 2022 - 2028, USD Million
TABLE 77 Nigeria Payment As A Service Market by Services Type, 2018 - 2021, USD Million
TABLE 78 Nigeria Payment As A Service Market by Services Type, 2022 - 2028, USD Million
TABLE 79 Nigeria Payment As A Service Market by Industry, 2018 - 2021, USD Million
TABLE 80 Nigeria Payment As A Service Market by Industry, 2022 - 2028, USD Million
TABLE 81 Rest of LAMEA Payment As A Service Market, 2018 - 2021, USD Million
TABLE 82 Rest of LAMEA Payment As A Service Market, 2022 - 2028, USD Million
TABLE 83 Rest of LAMEA Payment As A Service Market by Component, 2018 - 2021, USD Million
TABLE 84 Rest of LAMEA Payment As A Service Market by Component, 2022 - 2028, USD Million
TABLE 85 Rest of LAMEA Payment As A Service Market by Services Type, 2018 - 2021, USD Million
TABLE 86 Rest of LAMEA Payment As A Service Market by Services Type, 2022 - 2028, USD Million
TABLE 87 Rest of LAMEA Payment As A Service Market by Industry, 2018 - 2021, USD Million
TABLE 88 Rest of LAMEA Payment As A Service Market by Industry, 2022 - 2028, USD Million
TABLE 89 Key Information –Fiserv, Inc.
TABLE 90 Key information – Global Payments, Inc.
TABLE 91 Key Information – Agilysys, Inc.
TABLE 92 Key Information – Ingenico Apollo Global Management
TABLE 93 Key Information – PAYSAFE LIMITED
TABLE 94 Key information – ACI Worldwide, Inc.
TABLE 95 Key Information – PPRO Financial Ltd.
TABLE 96 Key Information – Aurus, Inc.
TABLE 97 Key Information – Deluxe Corporation
TABLE 98 Key Information – VeriFone Holdings, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2019, Feb – 2022, Nov) Leading Players
FIG 5 Recent strategies and developments: Global Payments, Inc.
FIG 6 Recent strategies and developments: Agilysys, Inc.
FIG 7 Recent strategies and developments: Paysafe Limited
FIG 8 Recent strategies and developments: ACI worldwide, Inc.
FIG 9 Recent strategies and developments: Aurus, Inc.