Payment as a Service Market Growing at a CAGR 23.9% | Key Player First Data, TSYS, Paysafe, Verifone

Jonytoal29 Dec, 2021Business

Payment as a Service Market by Component (Platform and Services), Service (Professional (Integration & Deployment and Support & Maintenance) and Managed Services), Vertical (Retail and Hospitality), and Region ? Global Forecast to 2024 The Payment as a Service Market size is expected to grow from USD 5.7 billion in 2019 to USD 16.7 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 23.9% during the forecast period. Regulatory initiatives to promote payment solutions thriving on secure and real-time transactions, and optimized customer/merchant experience with quick and secure payment methods are the major factors driving the growth of the payment as a service market.