Installment Payment Solution (Merchant Services) Market: By Product (Ecommerce Merchants, Brick & Mortar Merchants)By Payment Mode (Contact mode and Non-contact mode) By Application (Small and Medium Enterprises (SMEs), Large Enterprises) By Service Type (Credit Cards Installment Payment, Debit Cards Installment Payment) and Geography

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Installment Payment Solution (Merchant Services) Market size was valued at USD 2,092.7 million in 2022 and is expected to reach USD 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.

Installment Payment Solution (Merchant Services) Market Key Developments:
  • In Oct 2020, Mastercard Inc. (MA – Free Report) has expanded its partnership with fintech company Jifiti to continue providing point of sale (POS) financing. The agreement allows both merchants and issuers to offer credit and consumer financing to Mastercard holders. POS financing is a kind of buy-now-pay-later (BNPL) facility.

Installment Payment Solution Merchant Services Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

6.4%

Largest Market

North America

Fastest Growing Market

North-America
Installment Payment Solution (Merchant Services) Market Dynamics

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.

Key Features of the Reports

  • The installment payment solution merchant services market report provides granular level information about the market size, regional market share, historic market (2018-2022), and forecast (2023-2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Installment Payment Solution Merchant Services Market Segmentation

By Product Type
  • Ecommerce Merchants
  • Brick & Mortar Merchants
By Payment Mode
  • Contact mode
  • Non-contact mode
By Application
  • Small and Medium Enterprises (SMEs)
  • Large Enterprises

Frequently Asked Questions

The installment payment solution (merchant services) market size was valued at USD 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
  • Splitit USA Inc.
  • Afterpay Touch Group Limited
  • Global Payments Direct
  • Payfort International
  • PayClip
  • UNIVERSUM Group
  • AsiaPay Limited
  • Elavon
  • Flo2Cash Limited

Adjacent Markets