Payments Global Market Briefing 2018
Including: Credit Transfer, Direct Debit, Check Payment and Cash Deposit
Covering: PayPal, FIS, Bank of America, Industrial and Commercial Bank of China, Citigroup Inc
The Business Research Company’s reports are based on the methodology below.
Our datasets are created using a wide range of proprietary and public sources including leading government bodies, associations, trade journals, market intelligence reports and trade magazines. Data is modelled based on hard data, extrapolation, regression analysis based on known macro data inputs, interpolation between hard figures, comparisons with other geographies and markets, price estimations, and qualitative inputs. Data is triangulated within our unique market data model covering an exhaustive list of 200+ markets across 12 countries and 5 regions. Comparable data is used for sanity check and trend analysis. For example our global market value data is compared to unit sales and price data for the relevant market as well as relevant macro-economic datasets in order to establish validity.
Analysis is drawn from our Consultants’ wide range of industry and research experience as well as public and proprietary sources. Consultants are trained in research techniques and ethics by the Market Research Society.
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The Business Research Company prides itself on the quality and validity of its data and analysis. Our unique ‘end noted’ referencing approach allows the user to trace our market numbers and analysis back to the specific data sources they were derived from.
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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