New York, USA, Aug. 04, 2021 (GLOBE NEWSWIRE) — Research Dive has added a new report on the global payment processing solutions market to its repository. As per the report, the market is expected to hit $176,749.5 million, growing with a remarkable CAGR of 12.6% in the 2020-2027 timeframe. The report is an in-depth study presenting all-inclusive lookout of the present scenario and future scope of the global industry. The report is drafted by expert market analysts and promises to be a reliable source of data and wide-ranging market insights for new entrants, investors, prevailing market players, stakeholders, shareholders, etc.
Download FREE Sample Report of the Payment Processing Solutions Market: https://www.researchdive.com/download-sample/416
Impact of COVID-19 Pandemic on the Market Growth:
The outburst of the COVID-19 pandemic has had a positive impact on the growth of the payment processing solutions market in 2020. Widespread adoption of digital payment solutions mainly in the ecommerce and retail sectors to buy daily essentials is fueling the demand for payment processing solutions in the pandemic period. Moreover, the fear of getting infected through direct contact is also boosting the need for digital payment options. All these factors are greatly contributing to the market growth.