The banking sector on the global platform has advanced quite majorly in order to assist customers in the most comfortable manner. With the introduction of ePayment, customers can make financial transaction between sellers and buyers directly through the online platform. Such type of financial exchange is usually carried out with the help of a financial digital device that is supported by the bank or an intermediary. The popularity of the ePayment system is steadily growing, and has been actively studied through a smart research evaluation added to the broad database of Market Research Reports Search Engine (MRRSE). The report is titled “Global ePayment System Market: Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2026)”, which focuses on the key market regions and prominent players active in the global ePayment system market. As per research specifics, escalating internet banking as well as internet shopping have considerably driven the use of ePayment systems.
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The research study starts with the executive summary and market overview that covers useful details such as market size & forecast, Y-o-Y growth and knowledge about payment channel. Furthermore, a precise coverage of the market dynamics is enclosed in this portion of the report. The readers are enlightened about the drivers, restraints and opportunities prevailing in the global ePayment system market. According to research statistics, the overall market is projected to rise at a promising CAGR. The global ePayment system market grabbed a revenue of around US$ 256 Bn in 2017, and is anticipated to reach a valuation stage crossing US$ 793 Bn by 2026-end.
Considering the market segmentation section of the report, readers can access the geographical bifurcation. The key regions mentioned in the report are North America, Europe, Latin America, Japan, Asia Pacific excluding Japan (APEJ), and Middle East and Africa (MEA).For each of the mentioned regions, market outlook, current market scenario, future projections and market size are presented. Further, on the basis of product type, the prime segments include software platform and services. The software platforms division is anticipated to showcase exponential growth rate, registering 13.8% CAGR throughout the forecast period. On the basis of payment modes, the global market is segregated into credit cards, international debit cards, e-wallets and bank transfers.
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The concluding section discusses the competitive landscape, which focuses on the major players and their market rivalries. Some of these prominent players include pureLiFi, Oledcomm, Velmenni, Philips, Wipro, VLNComm, General Electric, Nakagawa Labs, LightPointe Communications and LVX System.
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