Payments Global Market Briefing 2018

Jan 2018| MKB059B| TBRC (Publisher)

Report Highlights

Including: Credit Transfer, Direct Debit, Check Payment and Cash Deposit

Covering: PayPal, FIS, Bank of America, Industrial and Commercial Bank of China, Citigroup Inc

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Referencing –

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Competitor Market Share Data –

The competitor market share data is intended to represent the companies that gain the most revenues from the given market and the percentage share of the market that they hold. If a company derives most of its revenues from the market, its revenues are given in full. If a large part of the company's revenues come from other markets, only the division of the company which operates in this market is included. Where accurate information is not available on the revenues a company generates from the market its market share is not included, however a profile of the company may still be included if it is a significant competitor in the market.

Market Numbers –

Market value is defined as the revenues earned by organizations for products and services within the specified market. The break down by geography is revenue generated within the specific industry by organizations in the specified geography, irrespective of where they are produced.

Methodology - Payments

The global payments market value has been estimated based on the following inputs:

a) Transaction Values

We have obtained transaction values data on money transfers from various central banks and national statistical bodies.

b) Average Transaction Fee

We have obtained various charges levied on money transfers from various secondary sources. Average transaction fee is estimated from all the relevant transaction fees.

The payments market size in each country is calculated by multiplying both the inputs for the historic years. For the forecast period, the market is estimated using growth rates derived from base drivers such as GDP, population and other macroeconomic indicators.

Data used in the calculation process is given in the country sub-section of the main report body.

Note on Currency Conversions –

All currency conversions are done on the basis of 2016 exchange rates.

The payments market consists of establishments primarily engaged in processing money transfers and payments between various accounts. This includes all institutions involved in payment processing such as banks, non-banking financial institutions, and others. Revenue generated from the payments market include all the processing and services fees levied by the banks and financial institutions for payment processing.

The Asia Pacific was the largest geographic market in the Payments industry in 2017, accounting for around 38% of the global market. North America was the second-largest geographic market, accounting for around 35% of the global market. Africa was the smallest region, accounting for around 1% of the global market.

Developing countries are overshadowing developed countries in terms of payments innovation. This trend is a result of increasing financial inclusion and the launch of various regulatory and industry initiatives in developing countries. This includes licensing of payment banks providing banking services to low-income consumers and migrant labors in India, in August 2015, and launch of mobile financial service bKash in Bangladesh, in July 2011. Similarly, other payments innovation such as mobile payments system M-Pesa are also available in developing countries.

  • Table 1 : Global Payments Historic Market, 2013 – 2017
  • Table 2 : Global Payments Forecast Market, 2017 – 2021
  • Table 3 : Global Payments Market, Split By Region, 2017
  • Table 4 : Global Payments Market, Historic And Forecast Growth Rate, By Region, 2013-2021
  • Table 5 : Global Payments Market, Split By Country, 2017
  • Table 6 : Payments Value of Transactions, By Country, 2017
  • Table 7 : Global Payments Market, Historic and Forecast Growth Rate, By Country, 2013 – 2021
  • Table 8 : Global Payments Market, Key Competitor Estimated Market Shares, 2017
  • Figure 1 : Global Payments Historic Market, 2013 – 2017
  • Figure 2 : Global Payments Forecast Market, 2017 – 2021
  • Figure 3 : Global Payments Market, Split By Region, 2017
  • Figure 4 : Global Payments Market Size, Historic and Forecast Growth Rate, By Region, 2013 – 2021
  • Figure 5 : Global Payments Market, Split By Country, 2017
  • Figure 6 : Global Payments Market, Historic and Forecast Growth Rate, By Country, 2013 – 2021
  • Figure 7 : Global Payments Market, Key Competitor Estimated Market Shares, 2017

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