What is the Significance of Payment Processing Solutions in the BFSI Sector?

The increasing e-commerce sales along with the mounting internet penetration and increasing utilization of smartphones all over the world has led to the expansion of the payment processing solution sector.

Payment Processing Solutions Market Growth Analysis 2022-2030
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Payment Processing Solutions Market Growth Analysis 2022-2030

The global payment processing solutions market size was $90.4 billion in 2021, which is projected to advance at a CAGR of 22.7% during 2021–2030. The BFSI category is expected to hold the largest share, of around 25%, in 2030 in the industry.