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Payvision: How to reduce the complexity Payment Service Providers face in a global e-commerce market

Research Type: Overview
Published: 03 Jul 2012
Pages: 24
File Type: PDF
Size: 1734kb
Analysts: Ionela Barbuta
Geographic Scope:    World
Editions: Online Payments
Topics: Company, Market, Online-Payments, Product, Services
Companies: Payvision

During the last decade, e-commerce has experienced exceptional growth rates of around 20%. As a consequence, payment service providers (PSPs) have performed extremely well. However, the European market is currently showing the first signs of maturity.

This could be a clear indication of what the rest of the world might expect, in terms of future growth figures. We see consolidation in the market with increased activity around mergers & acquisitions.

Besides, there is pressure on pricing and more focus on efficiency. Higher demands affect the position of major players in the market. Given current developments the question arises, whether the amount of PSPs in business by 2015 will decline and in which way PSPs will continue to provide added value in the future.

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