According to the report, the global payment as a service market generated $8.0 billion in 2021, and is estimated to generate $53.6 billion by 2031, manifesting a CAGR of 21.4% from 2022 to 2031. Surge in smartphone penetration, incorporation of online payment services, increase in e-commerce sales, and rise in reliance on cloud technologies drive the growth of the …
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Payment as a Service Market in Emerging Economies is Expected to Reach USD 53.6 Billion | 2021-2031
A surge in smartphone penetration, incorporation of online payment services, increase in e-commerce sales, and rise in reliance on cloud technologies drive the growth of the global payment as a service market. In addition, supportive initiatives of governments and the untapped potential of emerging economies supplement market growth. However, privacy and security concerns restrain the …
Payment as a Service Market Growth Opportunities and Future Scope, 2021–2031
Surge in smartphone penetration, incorporation of online payment services, increase in e-commerce sales, and rise in reliance on cloud technologies drive the growth of the global Payment as a Service Market. In addition, supportive initiatives of governments and untapped potential of emerging economies supplement the market growth. However, privacy and security concerns restrain the market …
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