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According to the latest research, the global Merchant Acquiring market size was valued at USD 20429.9 million in 2022 and is expected to expand at a CAGR of 7.57% during the forecast period, reaching USD 31659.3 million by 2028.
Generally speaking, merchant acquiring is an integral part of card payment transaction processing. Acquirers enable merchants to accept card payments by acting as a link between merchants, issuers, and payment networks—providing authorization, clearing and settlement, dispute management, and information services to merchants. Today, non-card payments and emerging payments are also an integral part of acquiring services.
Short-term Impact
The COVID-19 pandemic has disrupted the growth momentum of the payments industry and has had a huge impact on acquirers worldwide. While digital and contactless payments have proliferated, point-of-sale (PoS) transaction volumes have declined significantly.
The economic impact of COVID-19 led to a sharp decline in consumer and business spending. Stagnant orders, forced closures of non-essential businesses, and a massive increase in unemployment and other financial hardships. However, the severity of the current COVID-19 crisis and its resulting financial catastrophe affected the industry unevenly, and the declines were not uniform. Some specific merchant categories maintained trading volumes. Other categories, such as tourism, almost ceased activity, with declines of up to 90 percent.
E-commerce, by contrast, is booming. The adoption of online ordering of groceries, restaurant take-out, health products, and other items has increased dramatically. This is not limited to those who are already tech-savvy; older generations are also embracing mobile purchasing out of necessity. Restaurants, liquor stores, local merchants, and others have added remote commerce options seemingly overnight, with regulators and government entities granting exemptions for items that were once only physically transacted. Consumers, advised by health professionals, have expressed a broad desire for in-store contactless payments. Visa/MasterCard has raised transaction limits for contactless payments. adoption of Apple Pay, Samsung Pay, Google Pay and other wallet applications is likely to increase. Conversely, the use of cash is declining in order to reduce physical interaction with paper money and cashiers.
Long-term Impact
In the long term, merchant acquiring will maintain a steady growth rate. Reimagining the post-COVID world in the payments space could provide new opportunities to reignite performance. Issuing and promoting digital wallets and installing POS devices with contactless capabilities have been instrumental in meeting consumer demand for contactless payments. Acquirers around the world can take inspiration from developing countries such as China and India, where the massive use of QR codes in mobile payments has provided real-time contactless payments.
Risks of the payment industry upgrading and changing payment methods
With the rapid development of mobile Internet technology and emerging business models, there are many new requirements for electronic payment technologies and services, and acquirers must keep abreast of user needs and changes in market conditions to innovate. With the rapid development of mobile Internet, the upgrading of emerging payment technologies and the emergence of new application scenarios brought about by changes in public consumption patterns, the emergence of innovative mobile payment technologies such as QR codes, NFC, face recognition, etc. has changed the way users access payments, and new payment technologies are better able to process transactions and provide solutions for accumulating retail customers. As a result, traditional payment mediums are gradually being replaced by new payment methods as a solution to better process transactions and accumulate retail customers. Emerging payment technologies and payment scenarios are driving industry upgrades and business model iterations in the payment industry, which pose new challenges to acquirers today. If acquirers are unable to adapt to the changes in industry technology innovation and business model iteration, fail to update and upgrade their business and products in accordance with the development of emerging payment technologies, and fail to maintain comprehensive service capabilities in line with the market environment, it will adversely affect their market competitiveness and corporate performance.
Industry consolidation
The increase in contactless and digital payments underscores the importance of acquirers investing in contactless terminals and the challenge for PoS financial providers to deepen partnerships with online merchants or brick-and-mortar merchants with strong digital channels. In addition, as the regulatory environment tightens (fewer authorized third-party payment companies) and the industry matures, the offline acquiring market will continue to consolidate, as evidenced by fewer payment licenses being issued and the exit of non-licensed and non-compliant payment companies. Acquirers would be able to expand their market reach through mergers, acquisitions, and corporate partnerships, updating existing technology and making the industry more standardized.
Region Overview:
In 2022, the share of the Merchant Acquiring market in North America stood at 35.96%.
Company Overview:
Chase Paymentech Solutions is one of the major players operating in the Merchant Acquiring market, holding a share of 12.83% in 2023.
Chase Paymentech Solutions
Chase Paymentech is the payment processing and merchant acquiring business of JPMorgan Chase. Paymentech payment platforms support businesses of all sizes to process payments, including credit, debit, and digital, alternative, and mobile payment options. Paymentech can authorize payment transactions in more than 130 currencies. The company also provides business analytics, payment fraud detection, and data security solutions.
FIS
FIS is a leader in technology and services that helps businesses and communities thrive by advancing commerce and the financial world. Its solutions in three primary segments: Merchant Solutions, Banking Solutions, and Capital Market Solutions.
Segmentation Overview:
By type, E-commerce segment accounted for the largest share of market in 2022.
E-commerce
E-commerce refers to businesses, companies, and individuals selling goods or services online.
M-commerce
M-commerce is the buying and selling of goods and services through wireless handheld devices such as smartphones and tablets.
Application Overview:
In the Merchant Acquiring market, 73.21% of the total value was generated through the Commercial segment by application in 2022.
This report elaborates on the market size, market characteristics, and market growth of the Merchant Acquiring industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Merchant Acquiring. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Merchant Acquiring Market Report Include:
Market Size Estimates: Merchant Acquiring market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Merchant Acquiring market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Merchant Acquiring market
Segment Market Analysis: Merchant Acquiring market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Merchant Acquiring market situations and prospects in major and top regions and countries
Merchant Acquiring Market
Merchant Acquiring Industry Chain: Merchant Acquiring market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Merchant Acquiring Industry News, Policies by regions
Merchant Acquiring Industry Porters Five Forces Analysis
Key players in the global Merchant Acquiring market are covered in Chapter 2:
Elavon
Chase Paymentech Solutions
Citi Merchant Services
CUP Merchant Services
First Data
Commercial and Industrial Bank of China
Wells Fargo Merchant Services
Global Payments
Bank of America Merchant Services
FIS
In Chapter 6 and Chapter 9, on the basis of types, the Merchant Acquiring market from 2018 to 2028 is primarily split into:
E-commerce
M-commerce
In Chapter 7 and Chapter 10, on the basis of applications, the Merchant Acquiring market from 2018 to 2028 covers:
Government
Commercial
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Merchant Acquiring market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Merchant Acquiring industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Merchant Acquiring market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Merchant Acquiring industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Merchant Acquiring market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Merchant Acquiring market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Merchant Acquiring market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Generally speaking, merchant acquiring is an integral part of card payment transaction processing. Acquirers enable merchants to accept card payments by acting as a link between merchants, issuers, and payment networks—providing authorization, clearing and settlement, dispute management, and information services to merchants. Today, non-card payments and emerging payments are also an integral part of acquiring services.
Short-term Impact
The COVID-19 pandemic has disrupted the growth momentum of the payments industry and has had a huge impact on acquirers worldwide. While digital and contactless payments have proliferated, point-of-sale (PoS) transaction volumes have declined significantly.
The economic impact of COVID-19 led to a sharp decline in consumer and business spending. Stagnant orders, forced closures of non-essential businesses, and a massive increase in unemployment and other financial hardships. However, the severity of the current COVID-19 crisis and its resulting financial catastrophe affected the industry unevenly, and the declines were not uniform. Some specific merchant categories maintained trading volumes. Other categories, such as tourism, almost ceased activity, with declines of up to 90 percent.
E-commerce, by contrast, is booming. The adoption of online ordering of groceries, restaurant take-out, health products, and other items has increased dramatically. This is not limited to those who are already tech-savvy; older generations are also embracing mobile purchasing out of necessity. Restaurants, liquor stores, local merchants, and others have added remote commerce options seemingly overnight, with regulators and government entities granting exemptions for items that were once only physically transacted. Consumers, advised by health professionals, have expressed a broad desire for in-store contactless payments. Visa/MasterCard has raised transaction limits for contactless payments. adoption of Apple Pay, Samsung Pay, Google Pay and other wallet applications is likely to increase. Conversely, the use of cash is declining in order to reduce physical interaction with paper money and cashiers.
Long-term Impact
In the long term, merchant acquiring will maintain a steady growth rate. Reimagining the post-COVID world in the payments space could provide new opportunities to reignite performance. Issuing and promoting digital wallets and installing POS devices with contactless capabilities have been instrumental in meeting consumer demand for contactless payments. Acquirers around the world can take inspiration from developing countries such as China and India, where the massive use of QR codes in mobile payments has provided real-time contactless payments.
Risks of the payment industry upgrading and changing payment methods
With the rapid development of mobile Internet technology and emerging business models, there are many new requirements for electronic payment technologies and services, and acquirers must keep abreast of user needs and changes in market conditions to innovate. With the rapid development of mobile Internet, the upgrading of emerging payment technologies and the emergence of new application scenarios brought about by changes in public consumption patterns, the emergence of innovative mobile payment technologies such as QR codes, NFC, face recognition, etc. has changed the way users access payments, and new payment technologies are better able to process transactions and provide solutions for accumulating retail customers. As a result, traditional payment mediums are gradually being replaced by new payment methods as a solution to better process transactions and accumulate retail customers. Emerging payment technologies and payment scenarios are driving industry upgrades and business model iterations in the payment industry, which pose new challenges to acquirers today. If acquirers are unable to adapt to the changes in industry technology innovation and business model iteration, fail to update and upgrade their business and products in accordance with the development of emerging payment technologies, and fail to maintain comprehensive service capabilities in line with the market environment, it will adversely affect their market competitiveness and corporate performance.
Industry consolidation
The increase in contactless and digital payments underscores the importance of acquirers investing in contactless terminals and the challenge for PoS financial providers to deepen partnerships with online merchants or brick-and-mortar merchants with strong digital channels. In addition, as the regulatory environment tightens (fewer authorized third-party payment companies) and the industry matures, the offline acquiring market will continue to consolidate, as evidenced by fewer payment licenses being issued and the exit of non-licensed and non-compliant payment companies. Acquirers would be able to expand their market reach through mergers, acquisitions, and corporate partnerships, updating existing technology and making the industry more standardized.
Region Overview:
In 2022, the share of the Merchant Acquiring market in North America stood at 35.96%.
Company Overview:
Chase Paymentech Solutions is one of the major players operating in the Merchant Acquiring market, holding a share of 12.83% in 2023.
Chase Paymentech Solutions
Chase Paymentech is the payment processing and merchant acquiring business of JPMorgan Chase. Paymentech payment platforms support businesses of all sizes to process payments, including credit, debit, and digital, alternative, and mobile payment options. Paymentech can authorize payment transactions in more than 130 currencies. The company also provides business analytics, payment fraud detection, and data security solutions.
FIS
FIS is a leader in technology and services that helps businesses and communities thrive by advancing commerce and the financial world. Its solutions in three primary segments: Merchant Solutions, Banking Solutions, and Capital Market Solutions.
Segmentation Overview:
By type, E-commerce segment accounted for the largest share of market in 2022.
E-commerce
E-commerce refers to businesses, companies, and individuals selling goods or services online.
M-commerce
M-commerce is the buying and selling of goods and services through wireless handheld devices such as smartphones and tablets.
Application Overview:
In the Merchant Acquiring market, 73.21% of the total value was generated through the Commercial segment by application in 2022.
This report elaborates on the market size, market characteristics, and market growth of the Merchant Acquiring industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Merchant Acquiring. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Merchant Acquiring Market Report Include:
Market Size Estimates: Merchant Acquiring market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Merchant Acquiring market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Merchant Acquiring market
Segment Market Analysis: Merchant Acquiring market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Merchant Acquiring market situations and prospects in major and top regions and countries
Merchant Acquiring Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Merchant Acquiring Industry Chain: Merchant Acquiring market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Merchant Acquiring Industry News, Policies by regions
Merchant Acquiring Industry Porters Five Forces Analysis
Key players in the global Merchant Acquiring market are covered in Chapter 2:
Elavon
Chase Paymentech Solutions
Citi Merchant Services
CUP Merchant Services
First Data
Commercial and Industrial Bank of China
Wells Fargo Merchant Services
Global Payments
Bank of America Merchant Services
FIS
In Chapter 6 and Chapter 9, on the basis of types, the Merchant Acquiring market from 2018 to 2028 is primarily split into:
E-commerce
M-commerce
In Chapter 7 and Chapter 10, on the basis of applications, the Merchant Acquiring market from 2018 to 2028 covers:
Government
Commercial
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Merchant Acquiring market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Merchant Acquiring industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Merchant Acquiring market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Merchant Acquiring industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Merchant Acquiring market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Merchant Acquiring market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Merchant Acquiring market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
