Unlock 30% off global market reports with code ONLINE30 – get insights on tariff changes, macro trends, and global economic shifts.
What is the current market size of the merchant acquiring industry, and what growth rate is it expected to achieve?
The merchant acquiring market size has grown rapidly in recent years. It will grow from $25.43 $ billion in 2024 to $28.2 $ billion in 2025 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to increasing demand for cross-border e-commerce, growth of peer-to-peer (p2p) payment systems, growth of digital banking and fintech innovations, growth of e-commerce, and rise in demand for cash alternatives.
The merchant acquiring market size is expected to see rapid growth in the next few years. It will grow to $42.16 $ billion in 2029 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to the increasing use of smartphones and mobile payments, rising adoption of contactless payments, increasing demand for digital payments, rising need for secure and fraud-resistant payment solutions, and growing investment in payment technology. Major trends in the forecast period include technological advancements, integration of AI, subscription-based models, digital currencies, and contactless wearables.
Download Your Free Sample PDF:
What are the major drivers contributing to the growth of the merchant acquiring market?
The increasing demand for digital payments is expected to propel the growth of merchant acquiring going forward. Digital payments refer to the electronic transfer of funds from one party to another using digital technologies, bypassing the need for physical cash or checks. The increasing demand for digital payments is driven by several factors, including the growth of e-commerce, the rise of contactless payment methods, and the widespread penetration of internet access. The use of digital payments in merchant acquiring streamlines transactions, reduces cash handling, and enhances payment security, leading to increased efficiency for businesses. For instance, in September 2023, according to the Consumer Financial Protection Bureau, a US-based government agency, American consumers used Google Pay (a mobile payment service developed by Google, designed to facilitate in-app, online, and in-person contactless purchases using mobile devices) to spend $65.2 billion at retail establishments in 2022, up from $24.8 billion in 2021. Therefore, the increasing demand for digital payments is driving the growth of the merchant acquiring market.
What are the major market segments driving the growth of the merchant acquiring industry?
The merchant acquiringmarket covered in this report is segmented –
1) By Type: Digital Commerce, Traditional Commerce
2) By Payment Method: Visa, Mastercard, American Express, Discover, Japan Credit Bureau, Local Card Networks, Alternative Payment Models
3) By Sales Channel: Direct Channel, Distribution Channel
4) By Application: Small And Medium Enterprises, Large Enterprises, Other Applications
Subsegments:
1) By Digital Commerce: E-commerce Payment Gateways, Mobile Payment Solutions, Online Point-of-Sale (POS) Systems, Digital Wallet and NFC Payments, Subscription-Based Payment Solutions, Peer-to-Peer (P2P) Payment Platforms
2) By Traditional Commerce: In-Store POS Systems, Card-Not-Present (CNP) Transactions, Retail Payment Solutions, Contactless Payment Solutions, Terminal-Based Payment Systems, Multi-Channel Payment Processing
View The Full Market Report:
What are the key trends shaping the merchant acquiring market in the forecast period?
Major companies operating in the merchant acquiring market are focused on forming strategic partnerships to gain a competitive edge in the market. Strategic partnerships in merchant acquiring involve collaborations between financial institutions, payment processors, and technology providers to enhance payment solutions and expand market reach. For instance, in July 2024, Shift4 Payments, Inc., a US-based payment processing company, partnered with Phos, a Bulgaria-based software company, to enhance Phos' acquiring capabilities and boost the adoption of its SoftPOS solution among merchant customers across Europe. This partnership enables Phos customers to utilize Shift4's global acquiring and payment processing services, allowing them to accept payments through global card networks and digital wallets.
Who are the key market players contributing to the growth of the merchant acquiring industry?
Major companies operating in the merchant acquiring market are Commercial and Industrial Bank of China, JPMorgan Chase & Co., Bank of America Merchant Services, Citi Merchant Services, American Express Company, ING Group N.V., Banco Bilbao Vizcaya Argentaria S.A., Fiserv Inc., Fidelity National Information Services Inc., Global Payments Inc., Sberbank, The Royal Bank of Scotland plc, Shift4 Payments Inc., Worldpay Group plc, Heartland Payment Systems Inc., Adyen N.V., Paysafe Group, Elavon Inc., Crédit Agricole S.A., Zettle by PayPal, Chase Paymentech Solutions LLC, PayCommerce Inc.
Which regions are leading the growth of the merchant acquiring market globally?
North America was the largest region in the merchant acquiring market in 2024. The regions covered in the merchant acquiring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
How Can Companies Use The Merchant Acquiring Market Report to Drive Business Results?
This report provides actionable insights tailored for business use—not academic analysis. Companies can leverage the data to:
• Time market entry or expansion using growth forecasts and CAGR trends.
• Develop competitive products by tracking key technology shifts and user preferences.
• Tailor regional strategies with in-depth geographic data and local market dynamics.
• Benchmark and plan partnerships using competitive landscape insights.
Purchase The Report And Get A Swift Delivery:
Need Customized Data On Merchant Acquiring Market?
For companies needing more tailored intelligence, The Business Research Company offers customized consulting and data services. Whether you're entering new regions, launching innovative products, or assessing M&A opportunities, our experts can develop actionable insights specific to your business objectives.
Request Customized Data:
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Americas +1 310-496-7795
Asia +44 2071930708
Europe +44 7882 955267
Email us at info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Comments
Post a Comment