Dublin, Sept. 04, 2023 (GLOBE NEWSWIRE) — The “Payment Processor Market Size & Share Analysis – Growth Trends & Forecasts (2023 – 2028)” report has been added to ResearchAndMarkets.com’s offering.
The Global Payment Processor Market is set to witness substantial expansion, with its valuation anticipated to surge from USD 50.87 billion in 2023 to a projected USD 84.57 billion by 2028. This robust growth is underpinned by a remarkable Compound Annual Growth Rate (CAGR) of 10.70% during the forecast period of 2023-2028.
The Digital Transformation Driving Market Dynamics
The growth trajectory of the payment processor market is intrinsically linked to the global proliferation of the internet and smartphones. The seamless access to the internet has led to a surge in digital payment processing, thereby propelling the expansion of payment processing solutions on a global scale.
Key Highlights
Rapid Evolution of the Payments Landscape: The convergence of digital transformation
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