Installment Payment Solution Market: By Product By Payment Mode By Application, Large Enterprises) By Service Type and Region Forecast 2019-2030
Installment Payment Solution (Merchant Services) Market size was valued at US$ 2,092.7 million in 2023 and is expected to reach US$ 3,230.7 million by 2030, at a CAGR of 6.4% from 2024 to 2030. It has been estimated with a significant growth with the help of key drivers which include as it enables you to stretch the cost of purchases over a manageable period of time. Factors which may hamper the growth of global marketis the additional cost need to pay during the installment and some technical error. Technology advancement with other collaborative features open up opportunity towards the global market. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
In addition, marketreport includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Global marketfurther reveals that the key player’s increasingly adopting strategies such as strategic acquisitions, merger, agreements, collaborations and partnerships to enhance market revenue share.
Study Period
2025-2031Base Year
2024CAGR
6.4%Largest Market
North-AmericaFastest Growing Market
North-America
It is noticed that the global installment payment solution (Merchant Services) market has a significant market growth rate on the perspective of increasing advancement in technology and needs of people. In a customer’s perspective, splitting a payment in parts is always a benefit. They can go for a purchase without having to think much about a lump sum payment. Adding installments in the payment options of your online store can help you gain more conversions as the customers are in for an easy way to purchase. With automatic payment reminders and customize the reminder emails boost the global market substantially.
Report Benchmarks |
Details |
Report Study Period |
2025-2031 |
Market Size in 2023 |
US$ 2,092.7 million |
Market Size in 2030 |
US$ 3,230.7 million |
Market CAGR |
6.4% |
By Product Type |
|
By Payment Mode |
|
By Application |
|
By Region |
|
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The installment payment solution merchant services market size was valued at US$ 2,092.7 Mn in 2023 and will reach US$ 3,230.7 Mn by 2030, at a CAGR of 6.4% from 2024-2030
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
Splitit USA Inc., Afterpay Touch Group Limited, Global Payments Direct, Payfort International, PayClip, UNIVERSUM Group
1. Executive Summary |
2. Global Installment Payment Solution (Merchant Services) Market Introduction |
2.1. Global Installment Payment Solution (Merchant Services) Market – Taxonomy |
2.2. Global Installment Payment Solution (Merchant Services) Market – Definitions |
2.2.1. By Product |
2.2.2. By Payment Mode |
2.2.3. By Application |
2.2.4. By Service Type |
2.2.5. By Region |
3. Global Installment Payment Solution (Merchant Services) Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Global Installment Payment Solution (Merchant Services) Market Dynamic Factors - Impact Analysis |
3.6. Global Installment Payment Solution (Merchant Services) Market – Competition Landscape |
4. Global Installment Payment Solution (Merchant Services) Market Analysis,2019 - 2023 and Forecast, 2024 - 2030 |
4.1. Market Analysis,2019 - 2023 and Forecast, 2024 - 2030(Revenue, USD Mn) |
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Installment Payment Solution (Merchant Services) Market, By Product, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
5.1. Ecommerce Merchants |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Brick & Mortar Merchants |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
6. Global Installment Payment Solution (Merchant Services) Market, By Payment Mode, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
6.1. Contact Mode |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Non-contact Mode |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
7. Global Installment Payment Solution (Merchant Services) Market, By Application, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
7.1. Small and Medium Enterprises (SMEs) |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Large Enterprises |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
8. Global Installment Payment Solution (Merchant Services) Market, By Service Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
8.1. Credit Cards Installment Payment |
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Debit Cards Installment Payment |
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
9. Global Installment Payment Solution (Merchant Services) Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
9.1. North America |
9.1.1. Market Analysis, 2019 - 2023and Forecast, 2024 - 2030(Revenue, USD Mn) |
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.1.3. Market Opportunity Analysis |
9.2. Europe |
9.2.1. Market Analysis, 2019 - 2023and Forecast, 2024 - 2030(Revenue, USD Mn) |
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.2.3. Market Opportunity Analysis |
9.3. Asia-Pacific |
9.3.1. Market Analysis, 2019 - 2023and Forecast, 2024 - 2030(Revenue, USD Mn) |
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.3.3. Market Opportunity Analysis |
9.4. Latin America |
9.4.1. Market Analysis, 2019 - 2023and Forecast, 2024 - 2030(Revenue, USD Mn) |
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.4.3. Market Opportunity Analysis |
9.5. Middle East and Africa |
9.5.1. Market Analysis, 2019 - 2023and Forecast, 2024 - 2030(Revenue, USD Mn) |
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.5.3. Market Opportunity Analysis |
9.6. Global Installment Payment Solution (Merchant Services) Market - Opportunity Analysis Index, By Product, Payment Mode, Application, Service Type, and Region, 2024 - 2030 |
10. North America Installment Payment Solution (Merchant Services) Market Analysis,2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
10.1. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.1.1. Ecommerce Merchants |
10.1.2. Brick & Mortar Merchants |
10.2. Payment Mode Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.2.1. Contact Mode |
10.2.2. Non-contact Mode |
10.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
10.3.1. Small and Medium Enterprises (SMEs) |
10.3.2. Large Enterprises |
10.4. Service Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
10.4.1. Credit Cards Installment Payment |
10.4.2. Debit Cards Installment Payment |
10.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
10.5.1. USA |
10.5.2. Canada |
10.6. North America Installment Payment Solution (Merchant Services) Market - Opportunity Analysis Index, By Product, Payment Mode, Application, Service Type, and Country, 2024 - 2030 |
10.7. North America Installment Payment Solution (Merchant Services) Market Dynamics – Trends |
11. Europe Installment Payment Solution (Merchant Services) Market Analysis, 2019 - 2023and Forecast, 2024 - 2030(Revenue, USD Mn) |
11.1. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.1.1. Ecommerce Merchants |
11.1.2. Brick & Mortar Merchants |
11.2. Payment Mode Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.2.1. Contact Mode |
11.2.2. Non-contact Mode |
11.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.3.1. Small and Medium Enterprises (SMEs) |
11.3.2. Large Enterprises |
11.4. Service Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.4.1. Credit Cards Installment Payment |
11.4.2. Debit Cards Installment Payment |
11.5. Country Analysis 2019 - 2023and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
11.5.1. Germany |
11.5.2. UK |
11.5.3. France |
11.5.4. Spain |
11.5.5. Italy |
11.5.6. Russia |
11.5.7. Rest of Europe |
11.6. Europe Installment Payment Solution (Merchant Services) Market - Opportunity Analysis Index, By Product, Payment Mode, Application, Service Type, and Country, 2024 - 2030 |
11.7. Europe Installment Payment Solution (Merchant Services) Market Dynamics – Trends |
12. Asia-Pacific Installment Payment Solution (Merchant Services) Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
12.1. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.1.1. Ecommerce Merchants |
12.1.2. Brick & Mortar Merchants |
12.2. Payment Mode Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.2.1. Contact Mode |
12.2.2. Non-contact Mode |
12.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.3.1. Small and Medium Enterprises (SMEs) |
12.3.2. Large Enterprises |
12.4. Service Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.4.1. Credit Cards Installment Payment |
12.4.2. Debit Cards Installment Payment |
12.5. Country Analysis2019 - 2023and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
12.5.1. China |
12.5.2. India |
12.5.3. Japan |
12.5.4. ASEAN |
12.5.5. Australia & New Zealand |
12.5.6. Rest of Asia-Pacific |
12.6. Asia-Pacific Installment Payment Solution (Merchant Services) Market - Opportunity Analysis Index, By Product, Payment Mode, Application, Service Type, and Country,2024 - 2030 |
12.7. Asia-Pacific Installment Payment Solution (Merchant Services) Market Dynamics – Trends |
13. Latin America Installment Payment Solution (Merchant Services) Market Analysis,2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
13.1. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.1.1. Ecommerce Merchants |
13.1.2. Brick & Mortar Merchants |
13.2. Payment Mode Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.2.1. Contact Mode |
13.2.2. Non-contact Mode |
13.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.3.1. Small and Medium Enterprises (SMEs) |
13.3.2. Large Enterprises |
13.4. Service Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.4.1. Credit Cards Installment Payment |
13.4.2. Debit Cards Installment Payment |
13.5. Country Analysis 2019 - 2023and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
13.5.1. Brazil |
13.5.2. Mexico |
13.5.3. Rest of Latin America |
13.6. Latin America Installment Payment Solution (Merchant Services) Market - Opportunity Analysis Index, By Product, Payment Mode, Application, Service Type, and Country, 2024 - 2030 |
13.7. Latin America Installment Payment Solution (Merchant Services) Market Dynamics – Trends |
14. Middle East and Africa Installment Payment Solution (Merchant Services) Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
14.1. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
14.1.1. Ecommerce Merchants |
14.1.2. Brick & Mortar Merchants |
14.2. Payment Mode Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
14.2.1. Contact Mode |
14.2.2. Non-contact Mode |
14.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
14.3.1. Small and Medium Enterprises (SMEs) |
14.3.2. Large Enterprises |
14.4. Service Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
14.4.1. Credit Cards Installment Payment |
14.4.2. Debit Cards Installment Payment |
14.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
14.5.1. Gulf Cooperation Council (GCC) Countries |
14.5.2. South Africa |
14.5.3. Rest of MEA |
14.6. MEA Installment Payment Solution (Merchant Services) Market - Opportunity Analysis Index, By Product, Payment Mode, Application, Service Type, and Country, 2024 - 2030 |
14.7. MEA Installment Payment Solution (Merchant Services) Market Dynamics – Trends |
15. Competition Landscape |
15.1. Strategic Dashboard of Top Market Players |
15.2. Company Profiles (Introduction, Financial Analysis, KeyOfferings, Key Developments, Strategies, and SWOT Analysis) |
15.2.1. Affirm, Inc. |
15.2.2. Afterpay |
15.2.3. AsiaPay Limited |
15.2.4. Dividio |
15.2.5. Elavon |
15.2.6. Flo2Cash Limited |
15.2.7. Global Payments Direct, Inc. |
15.2.8. Klarna |
15.2.9. PayClip |
15.2.10. Amazon (Payfort) |
15.2.11. PayPal |
15.2.12. Sezzle |
15.2.13. Splitit |
15.2.14. UNIVERSUM Group |
15.2.15. Zip (QuadPay) |
16. Research Methodology |
17. Key Assumptions and Acronyms |
Key Market Players