Payments

Global payment-as-a-service market to surpass $45B

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February 1, 2023

The global payment-as-a-service market will reach $45.84 billion by 2030, according to data from ResearchandMarkets.com. It will grow at a compound annual growth rate of 16.1% from 2022 to 2030, according to a press release.

Key market drivers include:

• Growth in e-commerce and internet penetration rates.
• Government initiatives to encourage digital payments.
• Growth of digital wallets.
• Growth of stablecoins.
• COVID-19.