PayPal Holdings, Inc., Visa and Mastercard are Dominating the Europe Digital Payment Market in 2019

Europe Digital Payment Market is expected to grow with the CAGR of 18.2% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Europe digital payment market is a highly fragmented market, which includes number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in Europe digital payment market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in May 2020, FIS launched automated portal integrated by FIS Real-Time Payment which streamlines and automates the PPP loan forgiveness process for small businesses. The new portal will enhance the customer base of the company.

PayPal Holdings, Inc. is the dominating player in Europe digital payment market. The other key players existing in the market includes ACI Worldwide, Inc., Visa, Novatti Group Pty Ltd, Global Payments Inc., Stripe, Google (A Subsidiary of Alphabet Inc.), Finastra, SAMSUNG, Amazon Web Services, Inc. (a subsidiary of Amazon.com, Inc.), Financial Software & Systems Pvt. Ltd., Sage Pay Europe Limited, Adyen, Apple Inc., Fiserv, Inc., FIS, WEX Inc., Wirecard, Mastercard among others.

Europe Digital Payment MarketPayPal Holdings, Inc.

PayPal Holdings, Inc. is headquartered in California, U.S and was founded in 1998. The company focuses in providing digital payments platform for both online and mobile payments which are used by various merchants and consumers in Europe. Company offers personal, business as products.

For instance,

  • In May 2020, PayPal launched QR codes purchase of goods, which is integrated in PayPal app and is introduced during the pandemic for hands free, safe and secure payments. The new product will increase the awareness and market share of the company.

The company has wide Europe presence across Americas, Africa, Europe, and Asia-Pacific and generates revenue from subsidiaries such as Venmo (U.S.), Xoom Corporation (U.S.), Honey (U.S.), Braintree (U.S.), iZettle (Sweden), PayPal Singapore Private ltd (Singapore) among others.

Visa

Visa is headquartered in California, U.S. and was established in year 1958. The company focuses in providing digital payment solutions to various businesses, governments, banks, and consumers. The company offers wide range of product categories such as cards + perks, travel support, business tools, partner solutions in which cards + perks is market focused category.

For instance,

  • In June 2020, Visa announced partnership with CPI Card Group Inc., a provider of prepaid, debit and credit solutions. This new partnership will provide ecofriendly made of 98percent upcycled plastic; this partnered product will attract more customers increasing the market share of the company.

The company has wide Europe presence across Americas, Europe, Asia-Pacific, Middle East and Africa with its various subsidiaries such as Plaid (U.S.), CyberSource (U.S.), Authorize.Net (U.S.), Verifi (U.S.) and Plus (U.S.) among others.

Mastercard

Mastercard is headquartered in New York, U.S. and was established in 1966. The company focuses in providing electronic forms of payment to governments, merchants, financial institutions and consumers. Company offers mastercard for you, mastercard for business products.

For instance,

  • In May 2020, Mastercard announced partnership with Samsung Electronics America, Inc. in order to provide debit card options for Samsung Pay. This partnership will allow payments via MasterCard debit card through Samsung pay app. The new partnership will enhance the customer base of the company.

The company has presence across the globe in Asia / Pacific, Europe, Latin America / Caribbean, Middle East & Africa, North America. In addition to it, the company also generates its revenue from the various subsidiary companies such as Cirrus (U.S.), Ethoca Limited (Canada), Transfast (U.S.), RiskRecon Inc. (U.S.) and DataCash (U.K.) among others.