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Major companies operating in the payment bank solutions industry are:
The payment bank solutions industry features intense competition with numerous players offering diverse solutions that leverage data science, AI, and advanced technologies.
The market size of payment bank solutions reached USD 57.7 billion in 2023 and is set to observe over 13.5% CAGR between 2024 and 2032, owing to the increasing demand for swift payment processing and transfers.
The software segment accounted for a market share of around 67% in 2023, due to the proliferation of payment applications designed for merchants to accept cashless payments.
EdgeVerve Systems, MasterCard Incorporated, Comviva, Gemalto (Thales Group), IBM, ACI Worldwide, BPC, Adyen N.V., and Authorize.net.
North America market held over 39% revenue share in 2023, attributed to the technological advancements across the region.