Installment Payment Solution Market: By Product By Payment Mode By Application, Large Enterprises) By Service Type and Geography
Installment Payment Solution Market: By Product By Payment Mode By Application, Large Enterprises) By Service Type and Geography
Installment Payment Solution (Merchant Services) Market size was valued at US$ 2,092.7 million in 2022 and is expected to reach US$ 3,230.7 billion by 2029, at a CAGR of 6.4% during the forecast period 2023 to 2029. 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 installment payment solution (Merchant Services) market is 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, installment payment solution (Merchant Services) market report 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 installment payment solution (Merchant Services) market further 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
2024-2030Base Year
2023CAGR
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.
North America contributed major revenue followed by Europe and Asia Pacific. In 2019, North America region accounted huge growth rate and is anticipated to grow with a forecast year with the significant number of market players and high per capital income. Spending huge amount on technology advancement for better operational facilities. Europe led second with the buying capacity and the popularity. India and China, the world’s two most populous countries, are among the most sought-after consumer markets worldwide. Among the APAC nations, India and Indonesia saw the greatest growth last year, with India at 130 percent and Indonesia at 66 percent.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 2,092.7 million |
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Market Size in 2029 |
US$ 3,230.7 billion |
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Market CAGR |
6.4% |
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By Product Type |
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By Payment Mode |
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By Application |
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The installment payment solution (merchant services) market size was valued at US$ 2,092.7 million in 2022
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,2018-2022 and Forecast, 2023-2029 |
| 4.1. Market Analysis,2018-2022 and Forecast, 2023-2029(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, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 5.1. Ecommerce Merchants |
| 5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (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, 2018-2022 and Forecast, 2023-2029 (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, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 6.1. Contact Mode |
| 6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (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, 2018-2022 and Forecast, 2023-2029 (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, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 7.1. Small and Medium Enterprises (SMEs) |
| 7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (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, 2018-2022 and Forecast, 2023-2029 (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, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 8.1. Credit Cards Installment Payment |
| 8.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (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, 2018-2022 and Forecast, 2023-2029 (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, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2018-2022and Forecast, 2023-2029(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, 2018-2022and Forecast, 2023-2029(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, 2018-2022and Forecast, 2023-2029(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, 2018-2022and Forecast, 2023-2029(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, 2018-2022and Forecast, 2023-2029(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, 2023-2029 |
| 10. North America Installment Payment Solution (Merchant Services) Market Analysis,2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 10.1. Product Analysis 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029by 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, 2023-2029 |
| 10.7. North America Installment Payment Solution (Merchant Services) Market Dynamics – Trends |
| 11. Europe Installment Payment Solution (Merchant Services) Market Analysis, 2018-2022and Forecast, 2023-2029(Revenue, USD Mn) |
| 11.1. Product Analysis 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022and Forecast 2023-2029 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, 2023-2029 |
| 11.7. Europe Installment Payment Solution (Merchant Services) Market Dynamics – Trends |
| 12. Asia-Pacific Installment Payment Solution (Merchant Services) Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 12.1. Product Analysis 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 Analysis2018-2022and Forecast 2023-2029 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,2023-2029 |
| 12.7. Asia-Pacific Installment Payment Solution (Merchant Services) Market Dynamics – Trends |
| 13. Latin America Installment Payment Solution (Merchant Services) Market Analysis,2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 13.1. Product Analysis 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022and Forecast 2023-2029 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, 2023-2029 |
| 13.7. Latin America Installment Payment Solution (Merchant Services) Market Dynamics – Trends |
| 14. Middle East and Africa Installment Payment Solution (Merchant Services) Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 14.1. Product Analysis 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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, 2023-2029 |
| 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
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