Cards & Payments IT Services Market

Global Cards & Payments IT Services Market Size, Trends & Analysis - Forecasts to 2029 By Service Type (Processing Services, Payment Gateway Services, Card Management Services, Fraud Detection and Prevention Services, Consulting and Advisory Services, and Infrastructure Services), By Payment Type (Credit Cards, Debit Cards, Prepaid Cards, Mobile Payments, and Contactless Payments), and By Region (North America, Asia Pacific, Central and South America, Europe, and Middle East and Africa), Competitive Landscape, Company Market Share Analysis, and End User Analysis

Category Electronics, Semiconductors and Information & Communication Technology
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This report was recently updated on April 22 2024 with the latest and most recent market numbers

Global Cards & Payments IT Services Market Size

The global cards & payments IT services market is estimated to exhibit a CAGR of 8.4% from 2024 to 2029. Cards and payments are one of the most important financial segments of the current world. A bank or other financial entity issues cards that allow users to withdraw money or make purchases using a line of credit. Payment instruments are tools that allow monies in accounts at credit, payment, or similar organizations to be transferred to a payee upon receipt of a payment order.

Several factors drive the growth of the global cards & payments IT services market. One of the key drivers of the market is the growing digitization of financial services, which includes payment options. This has led to increased demand for various payment applications like Google Pay, Venmo, and PhonePe, which further propels demand for IT services in financial services. Additionally, the introduction of virtual credit cards has significantly increased the need for IT services in cards & payment. Another important market driver is the advancement in various technologies like artificial intelligence (AI), machine learning (ML), and data analytics. The increasing usage of these technologies in financial services for better optimization and operation has led to significant growth in the card & payment IT services market.

Despite the various growth factors, several restraints hinder the growth of the global cards & payments IT services market. One of the biggest challenges of integrating IT services into cards is the cybersecurity concerns associated with digitization. As the IT services for cards & payments protect necessary financial information like account numbers, card numbers, and others, any disruptions in this data from cyber-attacks cause losses for service providers and customers.

global cards & payments it services market

Global Cards & Payments IT Services Market: By Service Type

On the basis of service type, the market is segmented into processing services, payment gateway services, card management services, fraud detection and prevention services, consulting and advisory services, and infrastructure services. The payment gateway services segment is expected to be the largest and fastest-growing segment during the forecast period. Payment gateway services are services that facilitate the purchase by customers using credit or debit cards on online platforms. These services aim to enhance payment efficiency for customers while enabling easy data management by service providers, leading to the dominance of the segment in the global cards & payments IT services market.

Global Cards & Payments IT Services Market: By Payment Type

On the basis of payment type, the market is segmented into credit cards, debit cards, prepaid cards, mobile payments, and contactless payments. The credit cards segment is expected to hold the largest share of the market during the forecast period. They offer users flexible payment options, rewards programs, and secure transactions. Moreover, the rising trend of digital transactions and e-commerce has further propelled the demand for credit card services. Their versatility, coupled with advancements in technology, positions credit cards as the largest segment in the market, reflecting the evolving preferences of consumers and businesses in the modern financial landscape.

The mobile payments segment is anticipated to be the fastest-growing in the global cards & payments IT services market during the forecast period. Mobile payments have observed a rapid rise in usage since the digitization of payment services. The ease of using mobile phones for various payments has been the primary cause of the segment's growth. Moreover, the introduction of applications like Venmo, Apple Pay, and Google Pay has played a significant role in propelling the growth of the segment in the market.

asia pacific cards & payments it services market

Global Cards & Payments IT Services Market: By Region

North America is expected to be the largest region in the global cards & payments IT services market. North America has been at the forefront of digitizing various payment services, owing to the presence of many top IT companies like IBM, Google, and Microsoft. This has led to the creation of multiple IT services in the financial sector. Also, the region has observed rapid growth in various financial sectors like credit and asset management, payment management, and others, which contributes to the growth of the payment services sector in the region.

Asia Pacific is anticipated to be the fastest-growing region in the global cards & payments IT services during the forecast period. The APAC region has observed a rapid increase in digitization initiatives, including card and payment services, in various emerging economies like India. The growing adoption of AI, ML, and other new technologies to optimize virtual services in the region is also an important driver for the regional market growth. Additionally, government investments in developing unique IT services have contributed to the growing market. For instance, the launch of the United Payments Interface (UPI) by the Indian government in 2016 has revolutionized the payment market in India. The increasing usage of mobile payments in the region is another major driver for the growth of the market in the region.

Global Cards & Payments IT Services Market Share and Competitor Analysis

The key market players in the global cards & payments IT services market include Accenture, TCS, Tech Mahindra, Cognizant, Wipro, HCL, Capgemini, NTT Data, CGI, Infosys, LTI, Mindtree, Synechron, Virtusa, and Cigniti, among others.

Please note: This is not an exhaustive list of companies profiled in the report.

Global Cards & Payments IT Services Market: Recent Developments

In September 2023, WhatsApp announced that it would offer credit card payments and services from rival digital payment providers within its application in India. As per a Meta spoke person, while WhatsApp Pay users will remain capped in India, there is no such limit on the number of users permitted to transact with businesses on WhatsApp using the other methods.

In August 2023, Online payment platform CRED, in collaboration with the National Payments Corporation of India (NPCI), launched RuPay credit card-based Unified Payments Interface (UPI) payments for its members.

1          STRATEGIC INSIGHTS ON NEW REVENUE POCKETS

1.1    Strategic Opportunity & Attractiveness Analysis

1.1.1        Hot Revenue Pockets

1.1.2        Market Attractiveness Score

1.1.3        Revenue Impacting Opportunity

1.1.4        High Growing Region/Country

1.1.5        Competitor Analysis

1.1.6        Consumer Analysis

1.2    Global Market Estimates' View

1.3    Strategic Insights across Business Functions

1.3.1        For Chief Executive Officers

1.3.2        For Chief Marketing Officers

1.3.3        For Chief Strategy Officers

1.4    Evaluate the Potential of your Existing Business Lines vs. New Lines to Enter Into

2          TECHNOLOGICAL TRENDS

2.1   Technological Adoption Rate

2.2   Current Trend Impact Analysis

2.3   Future Trend Impact Analysis

2.4   Data Metrics on Feed Stocks

3          GLOBAL MARKET OUTLOOK

3.1   Market Pyramid Analysis

3.1.1        Introduction

3.1.2        Adjacent Market Opportunities

3.1.3        Ancillary Market Opportunities

3.2   Demand Side Analysis

3.2.1        Market Drivers: Impact Analysis

3.2.2        Market Restraints: Impact Analysis

3.2.3        Market Opportunities: Impact Analysis

3.2.4        Market Challenges: Impact Analysis

 

 

3.3   Supply Side Analysis

3.3.1        Porter’s Five Forces Analysis

3.3.1.1 Threat of New Entrants

3.3.1.2 Threat of New Substitutes

3.3.1.3 Bargaining Power of Suppliers

3.3.1.4 Bargaining Power of Buyers

3.3.1.5 Intensity of Competitive Rivalry

3.3.2        SWOT Analysis; By Factor (Political & Legal, Economic, and Technological)

3.3.2.1 Political Landscape

3.3.2.2 Economic Landscape

3.3.2.3 Social Landscape

3.3.2.4 Technology Landscape

3.3.3        Value Chain Analysis

3.3.4        Trend Analysis

3.3.5        Gap Analysis

3.3.6        Cost Analysis

4          GLOBAL CARDS & PAYMENTS IT SERVICES MARKET, BY SERVICE TYPE

4.1   Introduction

4.2   Cards & Payments IT Services Market: Service Type Scope Key Takeaways

4.3   Revenue Growth Analysis, 2023 & 2029

4.4   Processing Services

4.4.1        Processing Services Market Estimates and Forecast, 2021-2029 (USD Million)

4.5   Payment Gateway Services

4.5.1        Payment Gateway Services Market Estimates and Forecast, 2021-2029 (USD Million)

4.6   Card Management Services

4.6.1        Card Management Services Market Estimates and Forecast, 2021-2029 (USD Million)

4.7   Fraud Detection & Prevention Services

4.7.1           Fraud Detection & Prevention Services Market Estimates and Forecast, 2021-2029 (USD Million)

4.8   Consulting & Advisory Services

4.8.1           Consulting & Advisory Services Market Estimates and Forecast, 2021-2029 (USD Million)

4.9   Infrastructure Services

4.9.1           Infrastructure Services Market Estimates and Forecast, 2021-2029 (USD Million)

5          GLOBAL CARDS & PAYMENTS IT SERVICES MARKET, BY PAYMENT TYPE

5.1   Introduction

5.2   Cards & Payments IT Services Market: Payment Type Scope Key Takeaways

5.3   Revenue Growth Analysis, 2023 & 2029

5.4   Credit Cards

5.4.1        Credit Cards Market Estimates and Forecast, 2021-2029 (USD Million)

5.5   Debit Cards

5.5.1        Debit Cards Market Estimates and Forecast, 2021-2029 (USD Million)

5.6   Prepaid Cards

5.6.1        Prepaid Cards Market Estimates and Forecast, 2021-2029 (USD Million)

5.7   Mobile Payments

5.7.1        Mobile Payments Market Estimates and Forecast, 2021-2029 (USD Million)

5.8   Contactless Payments

5.8.1        Contactless Payments Market Estimates and Forecast, 2021-2029 (USD Million)

6          GLOBAL CARDS & PAYMENTS IT SERVICES MARKET, BY REGION

6.1   Introduction

6.2   North America Cards & Payments IT Services Market Estimates and Forecast, 2021-2029 (USD Million)

6.2.1        By Service Type

6.2.2        By Payment Type

6.2.3        By Country

6.2.3.1     U.S. Cards & Payments IT Services Market Estimates and Forecast, 2021-2029 (USD Million)

6.2.3.1.1        By Service Type

6.2.3.1.2        By Payment Type

6.2.3.2     Canada Cards & Payments IT Services Market Estimates and Forecast, 2021-2029 (USD Million)

6.2.3.2.1        By Service Type

6.2.3.2.2        By Payment Type

6.2.3.3     Mexico Cards & Payments IT Services Market Estimates and Forecast, 2021-2029 (USD Million)

6.2.3.3.1        By Service Type

6.2.3.3.2        By Payment Type

6.3   Europe Cards & Payments IT Services Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.1        By Service Type

6.3.2        By Payment Type

6.3.3        By Country

6.3.3.1     Germany Cards & Payments IT Services Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.1.1        By Service Type

6.3.3.1.2        By Payment Type

6.3.3.2     U.K. Cards & Payments IT Services Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.2.1        By Service Type

6.3.3.2.2        By Payment Type

6.3.3.3     France Cards & Payments IT Services Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.3.1        By Service Type

6.3.3.3.2        By Payment Type

6.3.3.4     Italy Cards & Payments IT Services Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.4.1        By Service Type

6.3.3.4.2        By Payment Type

6.3.3.5     Spain Cards & Payments IT Services Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.5.1        By Service Type

6.3.3.5.2        By Payment Type

6.3.3.6     Netherlands Cards & Payments IT Services Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.6.1        By Service Type

6.3.3.6.2        By Payment Type

6.3.3.7     Rest of Europe Cards & Payments IT Services Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.6.1        By Service Type

6.3.3.6.2        By Payment Type

6.4   Asia Pacific Cards & Payments IT Services Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.1        By Service Type

6.4.2        By Payment Type

6.4.3        By Country

6.4.3.1     China Cards & Payments IT Services Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.1.1        By Service Type

6.4.3.1.2        By Payment Type

6.4.3.2     Japan Cards & Payments IT Services Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.2.1        By Service Type

6.4.3.2.2        By Payment Type

6.4.3.3     India Cards & Payments IT Services Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.3.1        By Service Type

6.4.3.3.2        By Payment Type

6.4.3.4     South Korea Cards & Payments IT Services Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.4.1        By Service Type

6.4.3.4.2        By Payment Type

6.4.3.5     Singapore Cards & Payments IT Services Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.5.1        By Service Type

6.4.3.5.2        By Payment Type

6.4.3.6     Malaysia Cards & Payments IT Services Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.6.1        By Service Type

6.4.3.6.2        By Payment Type

6.4.3.7     Thailand Cards & Payments IT Services Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.6.1        By Service Type

6.4.3.6.2        By Payment Type

6.4.3.8     Indonesia Cards & Payments IT Services Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.7.1        By Service Type

6.4.3.7.2        By Payment Type

6.4.3.9     Vietnam Cards & Payments IT Services Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.8.1        By Service Type

6.4.3.8.2        By Payment Type

6.4.3.10  Taiwan Cards & Payments IT Services Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.10.1 By Service Type

6.4.3.10.2 By Payment Type

6.4.3.11  Rest of Asia Pacific Cards & Payments IT Services Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.11.1 By Service Type

6.4.3.11.2 By Payment Type

6.5   Middle East and Africa Cards & Payments IT Services Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.1        By Service Type

6.5.2        By Payment Type

6.5.3        By Country

6.5.3.1     Saudi Arabia Cards & Payments IT Services Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.1.1        By Service Type

6.5.3.1.2        By Payment Type

6.5.3.2     U.A.E. Cards & Payments IT Services Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.2.1        By Service Type

6.5.3.2.2        By Payment Type

6.5.3.3     Israel Cards & Payments IT Services Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.3.1        By Service Type

6.5.3.3.2        By Payment Type

6.5.3.4     South Africa Cards & Payments IT Services Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.4.1        By Service Type

6.5.3.4.2        By Payment Type

6.5.3.5     Rest of Middle East and Africa Cards & Payments IT Services Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.5.1        By Service Type

6.5.3.5.2        By Payment Type

6.6   Central & South America Cards & Payments IT Services Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.1        By Service Type

6.6.2        By Payment Type

6.6.3        By Country

6.6.3.1     Brazil Cards & Payments IT Services Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.3.1.1        By Service Type

6.6.3.1.2        By Payment Type

6.6.3.2     Argentina Cards & Payments IT Services Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.3.2.1        By Service Type

6.6.3.2.2        By Payment Type

6.6.3.3     Chile Cards & Payments IT Services Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.3.3.1        By Service Type

6.6.3.3.2        By Payment Type

6.6.3.3     Rest of Central & South America Cards & Payments IT Services Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.3.3.1        By Service Type

6.6.3.3.2        By Payment Type

7          COMPETITIVE LANDCAPE

7.1   Company Market Share Analysis

7.2   Four Quadrant Positioning Matrix

7.2.1        Market Leaders

7.2.2        Market Visionaries

7.2.3        Market Challengers

7.2.4        Niche Market Players

7.3   Vendor Landscape

7.3.1        North America

7.3.2        Europe

7.3.3        Asia Pacific

7.3.4        Rest of the World

7.4   Company Profiles  

7.4.1        Accenture

7.4.1.1 Business Description & Financial Analysis

7.4.1.2 SWOT Analysis

7.4.1.3 Products & Services Offered

7.4.1.4 Strategic Alliances between Business Partners

7.4.2        TCS

7.4.2.1 Business Description & Financial Analysis

7.4.2.2 SWOT Analysis

7.4.2.3 Products & Services Offered

7.4.2.4 Strategic Alliances between Business Partners

7.4.3        Tech Mahindra

7.4.3.1 Business Description & Financial Analysis

7.4.3.2 SWOT Analysis

7.4.3.3 Products & Services Offered

7.4.3.4 Strategic Alliances between Business Partners

7.4.4        Cognizant

7.4.4.1 Business Description & Financial Analysis

7.4.4.2 SWOT Analysis

7.4.4.3 Products & Services Offered

7.4.4.4 Strategic Alliances between Business Partners

7.4.5        Wipro

7.4.5.1 Business Description & Financial Analysis

7.4.5.2 SWOT Analysis

7.4.5.3 Products & Services Offered

7.4.5.4 Strategic Alliances between Business Partners

7.4.6        HCL

7.4.6.1 Business Description & Financial Analysis

7.4.6.2 SWOT Analysis

7.4.6.3 Products & Services Offered

7.4.6.4 Strategic Alliances between Business Partners

7.4.7        Capgemini  

7.4.7.1 Business Description & Financial Analysis

7.4.7.2 SWOT Analysis

7.4.7.3 Products & Services Offered

7.4.7.4 Strategic Alliances between Business Partners

7.4.8        NTT Data

7.4.8.1 Business Description & Financial Analysis

7.4.8.2 SWOT Analysis

7.4.8.3 Products & Services Offered

7.4.8.4 Strategic Alliances between Business Partners

7.4.9        Infosys

7.4.9.1 Business Description & Financial Analysis

7.4.9.2 SWOT Analysis

7.4.9.3 Products & Services Offered

7.4.9.4 Strategic Alliances between Business Partners

7.4.10      CGI

7.4.10.1 Business Description & Financial Analysis

7.4.10.2 SWOT Analysis

7.4.10.3 Products & Services Offered

7.4.10.4 Strategic Alliances between Business Partners

7.4.11      LTI

7.4.11.1 Business Description & Financial Analysis

7.4.11.2 SWOT Analysis

7.4.11.3 Products & Services Offered

7.4.11.4 Strategic Alliances between Business Partners

7.4.12      Mindtree

7.4.12.1 Business Description & Financial Analysis

7.4.12.2 SWOT Analysis

7.4.12.3 Products & Services Offered

7.4.12.4 Strategic Alliances between Business Partners

7.4.13      Synechron

7.4.13.1 Business Description & Financial Analysis

7.4.13.2 SWOT Analysis

7.4.13.3 Products & Services Offered

7.4.13.4 Strategic Alliances between Business Partners

7.4.14      Virtusa

7.4.14.1 Business Description & Financial Analysis

7.4.14.2 SWOT Analysis

7.4.14.3 Products & Services Offered

7.4.14.4 Strategic Alliances between Business Partners

7.4.15      Cigniti

7.4.15.1 Business Description & Financial Analysis

7.4.15.2 SWOT Analysis

7.4.15.3 Products & Services Offered

7.4.15.4 Strategic Alliances between Business Partners

7.4.16      Other Companies

7.4.16.1 Business Description & Financial Analysis

7.4.16.2 SWOT Analysis

7.4.16.3 Products & Services Offered

7.4.16.4 Strategic Alliances between Business Partners

8          RESEARCH METHODOLOGY

8.1   Market Introduction

8.1.1        Market Definition

8.1.2        Market Scope & Segmentation

8.2   Information Procurement

8.2.1        Secondary Research

8.2.1.1 Purchased Databases

8.2.1.2 GMEs Internal Data Repository

8.2.1.3 Secondary Resources & Third Party Perspectives

8.2.1.4 Company Information Sources

8.2.2        Primary Research

8.2.2.1 Various Types of Respondents for Primary Interviews

8.2.2.2 Number of Interviews Conducted throughout the Research Process

8.2.2.3 Primary Stakeholders

8.2.2.4 Discussion Guide for Primary Participants

8.2.3        Expert Panels

8.2.3.1 Expert Panels Across 30+ Industry

8.2.4        Paid Local Experts

8.2.4.1 Paid Local Experts Across 30+ Industry Across each Region

8.3   Market Estimation

8.3.1        Top-Down Approach

8.3.1.1 Macro-Economic Indicators Considered

8.3.1.2 Micro-Economic Indicators Considered

8.3.2        Bottom Up Approach

8.3.2.1 Company Share Analysis Approach

8.3.2.2 Estimation of Potential Product Sales

8.4   Data Triangulation

8.4.1        Data Collection

8.4.2        Time Series, Cross Sectional & Panel Data Analysis

8.4.3        Cluster Analysis

8.5   Analysis and Output

8.5.1        Inhouse AI Based Real Time Analytics Tool

8.5.2        Output From Desk & Primary Research

8.6   Research Assumptions & Limitations

8.6.1        Research Assumptions

8.6.2        Research Limitations

LIST OF TABLES

1 Global Cards & Payments IT Services Market, By Service Type, 2021-2029 (USD Million)

2 Processing Services Market, By Region, 2021-2029 (USD Million)              

3 Payment Gateway Services Market, By Region, 2021-2029 (USD Million)   

4 Card Management Services Market, By Region, 2021-2029 (USD Million)

5 Fraud Detection & Prevention Services Market, By Region, 2021-2029 (USD Million)

6 Consulting & Advisory Services Market, By Region, 2021-2029 (USD Million)      

7 Infrastructure Services Market, By Region, 2021-2029 (USD Million)     

8 Global Cards & Payments IT Services Market, By Payment Type, 2021-2029 (USD Million)             

9 Credit Cards Market, By Region, 2021-2029 (USD Million)

10 Debit Cards Market, By Region, 2021-2029 (USD Million)

11 Prepaid Cards Market, By Region, 2021-2029 (USD Million)

12 Mobile payments Market, By Region, 2021-2029 (USD Million)

13 Contactless payments Market, By Region, 2021-2029 (USD Million)

14 Regional Analysis, 2021-2029 (USD Million)              

15 North America Cards & Payments IT Services Market, By Service Type, 2021-2029 (USD Million)       

16 North America Cards & Payments IT Services Market, By Payment Type, 2021-2029 (USD Million)       

17 North America Cards & Payments IT Services Market, By Country, 2021-2029 (USD Million)

18 U.S. Cards & Payments IT Services Market, By Service Type, 2021-2029 (USD Million)

19 U.S. Cards & Payments IT Services Market, By Payment Type, 2021-2029 (USD Million)

20 Canada Cards & Payments IT Services Market, By Service Type, 2021-2029 (USD Million)              

21 Canada Cards & Payments IT Services Market, By Payment Type, 2021-2029 (USD Million)

22 Mexico Cards & Payments IT Services Market, By Service Type, 2021-2029 (USD Million)

23 Mexico Cards & Payments IT Services Market, By Payment Type, 2021-2029 (USD Million)              

24 Europe Cards & Payments IT Services Market, By Service Type, 2021-2029 (USD Million)

25 Europe Cards & Payments IT Services Market, By Payment Type, 2021-2029 (USD Million)

26 Europe Cards & Payments IT Services Market, By Country, 2021-2029 (USD Million)

27 Germany Cards & Payments IT Services Market, By Service Type, 2021-2029 (USD Million)

28 Germany Cards & Payments IT Services Market, By Payment Type, 2021-2029 (USD Million)

29 U.K. Cards & Payments IT Services Market, By Service Type, 2021-2029 (USD Million)

30 U.K. Cards & Payments IT Services Market, By Payment Type, 2021-2029 (USD Million)

31 France Cards & Payments IT Services Market, By Service Type, 2021-2029 (USD Million)

32 France Cards & Payments IT Services Market, By Payment Type, 2021-2029 (USD Million)             

33 Italy Cards & Payments IT Services Market, By Service Type, 2021-2029 (USD Million)

34 Italy Cards & Payments IT Services Market, By Payment Type, 2021-2029 (USD Million)

35 Spain Cards & Payments IT Services Market, By Service Type, 2021-2029 (USD Million)

36 Spain Cards & Payments IT Services Market, By Payment Type, 2021-2029 (USD Million) 

37 Netherlands Cards & Payments IT Services Market, By Service Type, 2021-2029 (USD Million)

38 Netherlands Cards & Payments IT Services Market, By Payment Type, 2021-2029 (USD Million)

39 Rest Of Europe Cards & Payments IT Services Market, By Service Type, 2021-2029 (USD Million)       

40 Rest Of Europe Cards & Payments IT Services Market, By Payment Type, 2021-2029 (USD Million)       

41 Asia Pacific Cards & Payments IT Services Market, By Service Type, 2021-2029 (USD Million)

42 Asia Pacific Cards & Payments IT Services Market, By Payment Type, 2021-2029 (USD Million)

43 Asia Pacific Cards & Payments IT Services Market, By Country, 2021-2029 (USD Million)

44 China Cards & Payments IT Services Market, By Service Type, 2021-2029 (USD Million)

45 China Cards & Payments IT Services Market, By Payment Type, 2021-2029 (USD Million) 

46 Japan Cards & Payments IT Services Market, By Service Type, 2021-2029 (USD Million)

47 Japan Cards & Payments IT Services Market, By Payment Type, 2021-2029 (USD Million) 

48 India Cards & Payments IT Services Market, By Service Type, 2021-2029 (USD Million)

49 India Cards & Payments IT Services Market, By Payment Type, 2021-2029 (USD Million)  

50 South Korea Cards & Payments IT Services Market, By Service Type, 2021-2029 (USD Million)

51 South Korea Cards & Payments IT Services Market, By Payment Type, 2021-2029 (USD Million)

52 Singapore Cards & Payments IT Services Market, By Service Type, 2021-2029 (USD Million)

53 Singapore Cards & Payments IT Services Market, By Payment Type, 2021-2029 (USD Million)

54 Thailand Cards & Payments IT Services Market, By Service Type, 2021-2029 (USD Million)

55 Thailand Cards & Payments IT Services Market, By Payment Type, 2021-2029 (USD Million)

56 Malaysia Cards & Payments IT Services Market, By Service Type, 2021-2029 (USD Million)

57 Malaysia Cards & Payments IT Services Market, By Payment Type, 2021-2029 (USD Million)

58 Indonesia Cards & Payments IT Services Market, By Service Type, 2021-2029 (USD Million)

59 Indonesia Cards & Payments IT Services Market, By Payment Type, 2021-2029 (USD Million)

60 Vietnam Cards & Payments IT Services Market, By Service Type, 2021-2029 (USD Million)             

61 Vietnam Cards & Payments IT Services Market, By Payment Type, 2021-2029 (USD Million)

62 Taiwan Cards & Payments IT Services Market, By Service Type, 2021-2029 (USD Million)

63 Taiwan Cards & Payments IT Services Market, By Payment Type, 2021-2029 (USD Million)              

64 Rest of APAC Cards & Payments IT Services Market, By Service Type, 2021-2029 (USD Million)

65 Rest of APAC Cards & Payments IT Services Market, By Payment Type, 2021-2029 (USD Million)

66 Middle East and Africa Cards & Payments IT Services Market, By Service Type, 2021-2029 (USD Million)     

67 Middle East and Africa Cards & Payments IT Services Market, By Payment Type, 2021-2029 (USD Million)     

68 Middle East and Africa Cards & Payments IT Services Market, By Country, 2021-2029 (USD Million)       

69 Saudi Arabia Cards & Payments IT Services Market, By Service Type, 2021-2029 (USD Million)

70 Saudi Arabia Cards & Payments IT Services Market, By Payment Type, 2021-2029 (USD Million)

71 UAE Cards & Payments IT Services Market, By Service Type, 2021-2029 (USD Million)

72 UAE Cards & Payments IT Services Market, By Payment Type, 2021-2029 (USD Million)

73 Israel Cards & Payments IT Services Market, By Service Type, 2021-2029 (USD Million)

74 Israel Cards & Payments IT Services Market, By Payment Type, 2021-2029 (USD Million)

75 South Africa Cards & Payments IT Services Market, By Service Type, 2021-2029 (USD Million)

76 South Africa Cards & Payments IT Services Market, By Payment Type, 2021-2029 (USD Million)

77 Rest Of Middle East and Africa Cards & Payments IT Services Market, By Service Type, 2021-2029 (USD Million)          

78 Rest Of Middle East and Africa Cards & Payments IT Services Market, By Payment Type, 2021-2029 (USD Million)          

79 Central & South America Cards & Payments IT Services Market, By Service Type, 2021-2029 (USD Million)     

80 Central & South America Cards & Payments IT Services Market, By Payment Type, 2021-2029 (USD Million)     

81 Central & South America Cards & Payments IT Services Market, By Country, 2021-2029 (USD Million)       

82 Brazil Cards & Payments IT Services Market, By Service Type, 2021-2029 (USD Million)

83 Brazil Cards & Payments IT Services Market, By Payment Type, 2021-2029 (USD Million)

84 Chile Cards & Payments IT Services Market, By Service Type, 2021-2029 (USD Million)

85 Chile Cards & Payments IT Services Market, By Payment Type, 2021-2029 (USD Million)  

86 Argentina Cards & Payments IT Services Market, By Service Type, 2021-2029 (USD Million)        

87 Argentina Cards & Payments IT Services Market, By Payment Type, 2021-2029 (USD Million)

88 Rest Of Central & South America Cards & Payments IT Services Market, By Service Type, 2021-2029 (USD Million)          

89 Rest Of Central & South America Cards & Payments IT Services Market, By Payment Type, 2021-2029 (USD Million)          

90 Accenture: Products & Services Offering 

91 TCS: Products & Services Offering 

92 Tech Mahindra: Products & Services Offering       

93 Cognizant: Products & Services Offering  

94 Wipro: Products & Services Offering           

95 HCL: Products & Services Offering 

96 Capgemini : Products & Services Offering 

97 NTT Data: Products & Services Offering      

98 Infosys, Inc: Products & Services Offering              

99 CGI: Products & Services Offering  

100 LTI: Products & Services Offering

101 Mindtree: Products & Services Offering

102 Synechron: Products & Services Offering

103 Virtusa: Products & Services Offering

104 Cigniti: Products & Services Offering

105 Other Companies: Products & Services Offering

LIST OF FIGURES

1 Global Cards & Payments IT Services Market Overview

2 Global Cards & Payments IT Services Market Value From 2021-2029 (USD Million)

3 Global Cards & Payments IT Services Market Share, By Service Type (2023)

4 Global Cards & Payments IT Services Market Share, By Payment Type (2023)

5 Global Cards & Payments IT Services Market, By Region (Global Market)

6 Technological Trends In Global Cards & Payments IT Services Market

7 Four Quadrant Competitor Positioning Matrix

8 Impact Of Macro & Micro Indicators On The Market

9 Impact Of Key Drivers On The Global Cards & Payments IT Services Market

10 Impact Of Challenges On The Global Cards & Payments IT Services Market

11 Porter’s Five Forces Analysis

12 Global Cards & Payments IT Services Market: By Service Type Scope Key Takeaways

13 Global Cards & Payments IT Services Market, By Service Type Segment: Revenue Growth Analysis

14 Processing Services Market, By Region, 2021-2029 (USD Million)  

15 Payment Gateway Services Market, By Region, 2021-2029 (USD Million) 

16 Card Management Services Market, By Region, 2021-2029 (USD Million) 

17 Fraud Detection & Prevention Services Market, By Region, 2021-2029 (USD Million)          

18 Consulting & Advisory Services Market, By Region, 2021-2029 (USD Million)       

19 Infrastructure Services Market, By Region, 2021-2029 (USD Million)

20 Global Cards & Payments IT Services Market: By Payment Type Scope Key Takeaways

21 Global Cards & Payments IT Services Market, By Payment Type Segment: Revenue Growth Analysis

22 Credit Cards Market, By Region, 2021-2029 (USD Million)    

23 Debit Cards Market, By Region, 2021-2029 (USD Million)

24 Prepaid Cards Market, By Region, 2021-2029 (USD Million)

25 Mobile payments Market, By Region, 2021-2029 (USD Million)

26 Contactless payments Market, By Region, 2021-2029 (USD Million)

27 Regional Segment: Revenue Growth Analysis

28 Global Cards & Payments IT Services Market: Regional Analysis

29 North America Cards & Payments IT Services Market Overview

30 North America Cards & Payments IT Services Market, By Service Type

31 North America Cards & Payments IT Services Market, By Payment Type

32 North America Cards & Payments IT Services Market, By Country

33 U.S. Cards & Payments IT Services Market, By Service Type

34 U.S. Cards & Payments IT Services Market, By Payment Type

35 Canada Cards & Payments IT Services Market, By Service Type

36 Canada Cards & Payments IT Services Market, By Payment Type

37 Mexico Cards & Payments IT Services Market, By Service Type

38 Mexico Cards & Payments IT Services Market, By Payment Type

39 Four Quadrant Positioning Matrix

40 Company Market Share Analysis

41 Accenture: Company Snapshot

42 Accenture: SWOT Analysis

43 Accenture: Geographic Presence

44 TCS: Company Snapshot

45 TCS: SWOT Analysis

46 TCS: Geographic Presence

47 Tech Mahindra: Company Snapshot

48 Tech Mahindra: SWOT Analysis

49 Tech Mahindra: Geographic Presence

50 Cognizant: Company Snapshot

51 Cognizant: Swot Analysis

52 Cognizant: Geographic Presence

53 Wipro: Company Snapshot

54 Wipro: SWOT Analysis

55 Wipro: Geographic Presence

56 HCL: Company Snapshot

57 HCL: SWOT Analysis

58 HCL: Geographic Presence

59 Capgemini : Company Snapshot

60 Capgemini : SWOT Analysis

61 Capgemini : Geographic Presence

62 NTT Data: Company Snapshot

63 NTT Data: SWOT Analysis

64 NTT Data: Geographic Presence

65 Infosys, Inc.: Company Snapshot

66 Infosys, Inc.: SWOT Analysis

67 Infosys, Inc.: Geographic Presence

68 CGI: Company Snapshot

69 CGI: SWOT Analysis

70 CGI: Geographic Presence

71 LTI: Company Snapshot

72 LTI: SWOT Analysis

73 LTI: Geographic Presence

74 Mindtree: Geographic Presence

75 Mindtree: Company Snapshot

76 Mindtree: SWOT Analysis

77 Synechron: Geographic Presence

78 Synechron: Company Snapshot

79 Synechron: SWOT Analysis

80 Virtusa: Geographic Presence

81 Virtusa: Company Snapshot

82 Virtusa: SWOT Analysis

83 Cigniti: Geographic Presence

84 Cigniti: Company Snapshot

85 Cigniti: SWOT Analysis

86 Other Companies: Geographic Presence

87 Other Companies: Company Snapshot

88 Other Companies: SWOT Analysis

The Global Cards & Payments IT Services Market has been studied from the year 2019 till 2029. However, the CAGR provided in the report is from the year 2024 to 2029. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

Cards & Payments IT Services Market Size

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Cards & Payments IT Services Market.

Cards & Payments IT Services Market Growth

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Cards & Payments IT Services Market Trends

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

Cards & Payments IT Services Market Share

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Frequently Asked Questions

The global cards & payments IT services market is expected to grow at a CAGR of 8.4% from 2024 to 2029.
The key market players in the global cards & payments IT services market include Accenture, TCS, Tech Mahindra, Cognizant, Wipro, HCL, Capgemini, NTT Data, CGI, Infosys, LTI, Mindtree, Synechron, Virtusa, and Cigniti, among others.
Key market players can capitalize on opportunities by investing in innovative payment technologies, enhancing cybersecurity measures, expanding digital banking solutions, and leveraging AI for personalized customer experiences in the dynamic cards and payments IT services market.
The global cards and payments IT services market is driven by factors such as the growing digitization of financial services, increased demand for payment applications like Google Pay and Venmo, the rise of virtual credit cards, and advancements in technologies like AI, ML, and data analytics for optimization in financial operations.

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