Payment as a Service Market: by Component (Service (Professional, Managed, Platform), by Vertical (BFSI, Retail, Healthcare, Media & Entertainment, Hospitality), by Region (North America, Europe, Asia-Pacific, ROW) - Forecast till 2027

10 day(s) ago
URL: https://www.marketresearchfuture.com/reports/payment-service-market-8020
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The payment as a service market was valued at USD 4.27 billion in 2018 and is expected to reach USD 14.37 Billion by 2024 growing at a 23.20% CAGR during the forecast period 2019–2024. Increasing adoption of cashless transactions worldwide, especially in developing nations supported by the respective governments, development of smart technology products, and increasing use of smartphones by users are some of the primary factors driving the growth of payment as a service market. However, the lack of standard payment guidelines is one of the crucial factors expected to restrain the growth of payment as a service market in the coming years.

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