Payment bank solutions market is set for robust growth, fueled by rising digital banking adoption, financial inclusion efforts, and mobile technology expansion.

NEWARK, DE, UNITED STATES, January 16, 2025 /EINPresswire.com/ -- The global payment bank solutions market is expected to achieve a revenue of USD 178.37 billion by 2033. This represents a significant increase from the USD 52.55 billion revenue recorded in 2023. The growth is anticipated to occur steadily, with a Compound Annual Growth Rate (CAGR) of 13% over the forecast period, spanning from 2023 to 2033.

Numerous banks have started to offer a range of options for banking payments as a result of the growing popularity of digital and online banking. As a result, there is currently a growing need for payment bank solutions.

The quick adoption of these solutions can also be attributed to payment institutions’ contribution to the modernization of banking through the provision of unique payment solutions to consumers.

The concept of payment bank solutions is growing at a quicker rate as a result of the rising use of mobile technologies to provide financial help in off-the-grid locations.

The market for payment bank solutions refers to the many goods and services provided by firms that focus on offering people and businesses financial services. For payments, transfers, and other financial transactions, payment institutions often provide a variety of options.

The market for payment bank solutions has grown recently due to the expansion of digital payments and the rising popularity of mobile devices. Payment bank solutions suppliers have responded with a variety of cutting-edge goods and services as consumers and organisations look for quicker and more practical ways to perform financial transactions.

In the upcoming years, the market for payment bank solutions is anticipated to expand as a result of rising demand for digital payments and the development of mobile networks in developing economies. Regulatory changes, security issues, and competition from new players are all expected to present difficulties for the market.

𝐑𝐞𝐜𝐞𝐧𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

Payment Wheel is a cutting-edge solution for Canadian educational institutions that was introduced by PayMyTuition, one of the top providers of technology-based payment processing solutions. This is anticipated to make it easier for institutions and tuition to manage their finances and payments.
Leading financial solutions provider Fiserv Inc. joined forces with Deluxe Corporation, a market-leading technology firm, to introduce merchant solutions for Deluxe’s small business clients.
Visa obtained Pismo in June 2023 to offer basic banking and issuer processing services for customers across debit, prepayments, credit, and business cards via cloud-native APIs, as well as promote and connectivity for arising payment rails, such as Pix in Brazil, for financial institution consumers.


“The global payment bank solutions market is witnessing rapid growth driven by the rising adoption of digital banking and the increasing need for financial inclusion. Payment bank solutions are playing a pivotal role in modernizing banking systems, particularly in unbanked and underbanked regions, by leveraging mobile technology to offer seamless payment options.”, - opines Sudip Saha, managing director at Future Market Insights (FMI) analyst.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

Infosys Finacle
MasterCard
Mahindra Conviva
Gemalto
EdgeVerve Systems
BPC
ACI Worldwide
IBM

𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐁𝐚𝐧𝐤 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

By Type:

Hardware
ATM cards
Debit cards
Forex cards
Software
Platforms
Mobile Apps

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia & Pacific
East Asia
Middle East & Africa


𝐓𝐨 𝐆𝐚𝐢𝐧 𝐈𝐧-𝐃𝐞𝐩𝐭𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐁𝐫𝐨𝐰𝐬𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.futuremarketinsights.com/reports/payment-bank-solutions-market

𝐓𝐨𝐩 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐭𝐨 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐌𝐚𝐫𝐤𝐞𝐭:

The mobile payment transaction market size is set for significant expansion, with an anticipated valuation of US$ 1,656.7 million by 2023. The market displays a considerable trend, featuring a noteworthy CAGR of 4.2%, expected to endure until 2033.

Global E-tailing solutions market is expected to register a CAGR of 14% during the forecast period of 2020-2030

𝐀𝐮𝐭𝐡𝐨𝐫:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector across verticals in APAC, EMEA, and the Americas reflecting his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client's requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

𝐀𝐛𝐨𝐮𝐭 𝐅𝐮𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 (𝐅𝐌𝐈)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Ankush Nikam
Future Market Insights, Inc.
+ +91 90966 84197
email us here
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