Next-generation payment systems ensure safe and easy online payment transactions with secured and confidential payment details. The system is designed to facilitate secure and fast online transaction for both small scale and large scale business that can benefit a lot from it. With secured and confidential online payment details, businesses are able to build their own brand value and customer base. This system has proven useful in dealing with ease, security, credibility, and addressing inconvenience issues of those doing online payments. These are among the best benefits that one can get from this system. Such advantages are expected to aid in growth of the global next-generation payment technology market over the forecast period.
Launch of new payment services is expected to propel growth of the global next-generation payment technology market over the forecast period. For instance, in May 2021, Payroc, a merchant acquirer and payment processor, partnered with Ingenico to offer new payment technology that meets the most demanding use cases.
Increasing adoption of smartphones is expected to offer lucrative growth opportunities for players in the global next-generation payment technology market. For instance, according to Pew Research Center, as of February 2019, 81% of U.S. adults used smartphones compared to 77% in October 2018.
Major players operating in the global next-generation payment technology market are focused on launching new services to enhance their market share. For instance, in May 2021, Financial Software and Systems, a provider of integrated payment products and a payment processor, partnered with Zwipe to launch next generation contactless payment cards to issuers globally.
Major players operating in the market are also focused on adopting partnership strategies to enhance their market share. For instance, in May 2021, Sokin, a payments-focused fintech, partnered with Mastercard to provide its fixed-price payment services across Mexico and Brazil.
Key Takeaways
- Launch of new payment services is expected to propel growth of the global next-generation payment technology market over the forecast period
- Major players operating in the global next-generation payment technology market are focused on launching new services to enhance their market share. For instance, in February 2020, PayPal announced that it is set to launch UPI-based digital payments in India.
- Major players operating in the global next-generation payment technology market include, Adyen, Alipay, Apple, Inc., Cayan LLC, Citrus, Dwolla, Equinox, Zwipe, First Data Corporation, Gemalto, Google, Inc., Ingenico, MFS Africa, MasterCard, NEC, Noire, Oberthur, PAX Technology, PayPal, Payfort
This report studies the global Next Generation Payment Technology market, analyzes and researches the Next Generation Payment Technology development status and forecast in United States, EU, Japan, China, India and Southeast Asia.
This report focuses on the top players in global market, like
Adyen
Alipay
Apple
Cayan LLC
Citrus
Dwolla
Equinox
First Data Corporation
Gemalto
Google
Ingenico
MFS Africa
MasterCard
NEC
Noire
Oberthur
PAX Technology
PayPal
Payfort
Market segment by Regions/Countries, this report covers
United States
EU
Japan
China
India
Southeast Asia
Market segment by Type, Next Generation Payment Technology can be split into
EMV Chip
Near Field Communication (NFC)
Magnetic Secure Transmission (MST)
Bluetooth Low Energy (BLE)
Quick Response Code (QR Code)
Market segment by Application, Next Generation Payment Technology can be split into
Retail and Commercial
Enterprise
Healthcare
Hospitality
Others
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Table of Contents
Global Next Generation Payment Technology Market Size, Status and Forecast 2025
1 Industry Overview of Next Generation Payment Technology
1.1 Next Generation Payment Technology Market Overview
1.1.1 Next Generation Payment Technology Product Scope
1.1.2 Market Status and Outlook
1.2 Global Next Generation Payment Technology Market Size and Analysis by Regions
1.2.1 United States
1.2.2 EU
1.2.3 Japan
1.2.4 China
1.2.5 India
1.2.6 Southeast Asia
1.3 Next Generation Payment Technology Market by Type
1.3.1 EMV Chip?
1.3.2 Near Field Communication (NFC)?
1.3.3 Magnetic Secure Transmission (MST)?
1.3.4 Bluetooth Low Energy (BLE)?
1.3.5 Quick Response Code (QR Code)
1.4 Next Generation Payment Technology Market by End Users/Application
1.4.1 Retail and Commercial?
1.4.2 Enterprise?
1.4.3 Healthcare?
1.4.4 Hospitality?
1.4.5 Others
2 Global Next Generation Payment Technology Competition Analysis by Players
2.1 Next Generation Payment Technology Market Size (Value) by Players (2018 and 2019)
2.2 Competitive Status and Trend
2.2.1 Market Concentration Rate
2.2.2 Product/Service Differences
2.2.3 New Entrants
2.2.4 The Technology Trends in Future
3 Company (Top Players) Profiles
3.1 Adyen
3.1.1 Company Profile
3.1.2 Main Business/Business Overview
3.1.3 Products, Services and Solutions
3.1.4 Next Generation Payment Technology Revenue (Value) (2014-2019)
3.1.5 Recent Developments
3.2 Alipay
3.2.1 Company Profile
3.2.2 Main Business/Business Overview
3.2.3 Products, Services and Solutions
3.2.4 Next Generation Payment Technology Revenue (Value) (2014-2019)
3.2.5 Recent Developments
3.3 Apple
3.3.1 Company Profile
3.3.2 Main Business/Business Overview
3.3.3 Products, Services and Solutions
3.3.4 Next Generation Payment Technology Revenue (Value) (2014-2019)
3.3.5 Recent Developments
3.4 Cayan LLC
3.4.1 Company Profile
3.4.2 Main Business/Business Overview
3.4.3 Products, Services and Solutions
3.4.4 Next Generation Payment Technology Revenue (Value) (2014-2019)
3.4.5 Recent Developments
3.5 Citrus
3.5.1 Company Profile
3.5.2 Main Business/Business Overview
3.5.3 Products, Services and Solutions
3.5.4 Next Generation Payment Technology Revenue (Value) (2014-2019)
3.5.5 Recent Developments
3.6 Dwolla
3.6.1 Company Profile
3.6.2 Main Business/Business Overview
3.6.3 Products, Services and Solutions
3.6.4 Next Generation Payment Technology Revenue (Value) (2014-2019)
3.6.5 Recent Developments
3.7 Equinox
3.7.1 Company Profile
3.7.2 Main Business/Business Overview
3.7.3 Products, Services and Solutions
3.7.4 Next Generation Payment Technology Revenue (Value) (2014-2019)
3.7.5 Recent Developments
3.8 First Data Corporation
3.8.1 Company Profile
3.8.2 Main Business/Business Overview
3.8.3 Products, Services and Solutions
3.8.4 Next Generation Payment Technology Revenue (Value) (2014-2019)
3.8.5 Recent Developments
3.9 Gemalto
3.9.1 Company Profile
3.9.2 Main Business/Business Overview
3.9.3 Products, Services and Solutions
3.9.4 Next Generation Payment Technology Revenue (Value) (2014-2019)
3.9.5 Recent Developments
3.10 Google
3.10.1 Company Profile
3.10.2 Main Business/Business Overview
3.10.3 Products, Services and Solutions
3.10.4 Next Generation Payment Technology Revenue (Value) (2014-2019)
3.10.5 Recent Developments
3.11 Ingenico
3.12 MFS Africa
3.13 MasterCard
3.14 NEC
3.15 Noire
3.16 Oberthur
3.17 PAX Technology
3.18 PayPal
3.19 Payfort
4 Global Next Generation Payment Technology Market Size by Type and Application (2014-2019)
4.1 Global Next Generation Payment Technology Market Size by Type (2014-2019)
4.2 Global Next Generation Payment Technology Market Size by Application (2014-2019)
4.3 Potential Application of Next Generation Payment Technology in Future
4.4 Top Consumer/End Users of Next Generation Payment Technology
5 United States Next Generation Payment Technology Development Status and Outlook
5.1 United States Next Generation Payment Technology Market Size (2014-2019)
5.2 United States Next Generation Payment Technology Market Size and Market Share by Players (2018 and 2019)
6 EU Next Generation Payment Technology Development Status and Outlook
6.1 EU Next Generation Payment Technology Market Size (2014-2019)
6.2 EU Next Generation Payment Technology Market Size and Market Share by Players (2018 and 2019)
7 Japan Next Generation Payment Technology Development Status and Outlook
7.1 Japan Next Generation Payment Technology Market Size (2014-2019)
7.2 Japan Next Generation Payment Technology Market Size and Market Share by Players (2018 and 2019)
8 China Next Generation Payment Technology Development Status and Outlook
8.1 China Next Generation Payment Technology Market Size (2014-2019)
8.2 China Next Generation Payment Technology Market Size and Market Share by Players (2018 and 2019)
9 India Next Generation Payment Technology Development Status and Outlook
9.1 India Next Generation Payment Technology Market Size (2014-2019)
9.2 India Next Generation Payment Technology Market Size and Market Share by Players (2018 and 2019)
10 Southeast Asia Next Generation Payment Technology Development Status and Outlook
10.1 Southeast Asia Next Generation Payment Technology Market Size (2014-2019)
10.2 Southeast Asia Next Generation Payment Technology Market Size and Market Share by Players (2018 and 2019)
11 Market Forecast by Regions, Type and Application (2019-2025)
11.1 Global Next Generation Payment Technology Market Size (Value) by Regions (2019-2025)
11.1.1 United States Next Generation Payment Technology Revenue and Growth Rate (2019-2025)
11.1.2 EU Next Generation Payment Technology Revenue and Growth Rate (2019-2025)
11.1.3 Japan Next Generation Payment Technology Revenue and Growth Rate (2019-2025)
11.1.4 China Next Generation Payment Technology Revenue and Growth Rate (2019-2025)
11.1.5 India Next Generation Payment Technology Revenue and Growth Rate (2019-2025)
11.1.6 Southeast Asia Next Generation Payment Technology Revenue and Growth Rate (2019-2025)
11.2 Global Next Generation Payment Technology Market Size (Value) by Type (2019-2025)
11.3 Global Next Generation Payment Technology Market Size by Application (2019-2025)
12 Next Generation Payment Technology Market Dynamics
12.1 Next Generation Payment Technology Market Opportunities
12.2 Next Generation Payment Technology Challenge and Risk
12.2.1 Competition from Opponents
12.2.2 Downside Risks of Economy
12.3 Next Generation Payment Technology Market Constraints and Threat
12.3.1 Threat from Substitute
12.3.2 Government Policy
12.3.3 Technology Risks
12.4 Next Generation Payment Technology Market Driving Force
12.4.1 Growing Demand from Emerging Markets
12.4.2 Potential Application
13 Market Effect Factors Analysis
13.1 Technology Progress/Risk
13.1.1 Substitutes
13.1.2 Technology Progress in Related Industry
13.2 Consumer Needs Trend/Customer Preference
13.3 External Environmental Change
13.3.1 Economic Fluctuations
13.3.2 Other Risk Factors
14 Research Finding/Conclusion
15 Appendix
Methodology
Analyst Introduction
Data Source
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