The Evolving Payments Purchasing Chain

How Digitization and Economic Pressures Are Changing the Ecosystem in 2023

Report by Jaime Toplin  | Feb 28, 2023

The Payments Ecosystem 2023

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The Key Trends Changing How Providers Compete for Customers and Transactions

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Table of Contents
Executive Summary
Key Points
Purchasing Chain Players Are Resilient, but in Flux
Acquirers and Processors
Networks
Issuers
Sources
Media Gallery
About This Report
Economic uncertainty and rapid technological innovation are shifting industry dynamics for players across the payments ecosystem, including acquirers and processors, networks, and issuers.
Topics
Payments
United States
Table of Contents
Executive Summary
Key Points
Purchasing Chain Players Are Resilient, but in Flux
Acquirers and Processors
Networks
Issuers
Sources
Media Gallery

Executive Summary

Acquirers and processors, networks, and issuers must balance economic headwinds with digital payments growth and technological innovation to stay resilient and competitive in 2023.

3 KEY QUESTIONS THIS REPORT WILL ANSWER

  1. What roles do payments providers play in an end-to-end transaction?
  2. How are market dynamics changing the payments purchasing chain and the way its stakeholders interact?
  3. What are the top trends impacting acquirers and processors, networks, and issuers in 2023?

WHAT’S IN THIS REPORT? We define the major categories of payment providers, discuss their volume and revenues, and evaluate key trends impacting their performance.

KEY STAT: Payments industry revenues will grow at an 8.3% compound annual growth rate worldwide between 2021 and 2026, per Boston Consulting Group (BCG), as providers across categories—including those shown in the graphic—digitize and innovate to meet shifting demands in a period of economic uncertainty.

Here’s what’s in the full report

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Table of Contents

  1. Executive Summary
  2. Key Points
  3. Purchasing Chain Players Are Resilient, but in Flux
  1. Acquirers and Processors
  2. Networks
  3. Issuers
  1. Sources
  2. Media Gallery

Charts in This Report

Payment Revenue Growth Worldwide, by Company Type, 2019-2023 (% change)Payments Industry Merger and Acquisition Activity Worldwide, 2019-2022 (billions and number of deals)
Merchant Acquiring Revenues Worldwide, by Company Size, 2021 & 2026 (billions)Integrated Software Vendor (ISV) Adoption by US Small Businesses, April 2022 (% of respondents)
US Total Card Transaction Value, by Card Network, 2020-2024 (billions)Issuer Revenues Worldwide, by Region and Type, 2021 (billions)

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authors

Jaime Toplin

Contributors

Eleni Digalaki
Principal Analyst
David Morris
Principal Analyst
Melissa Rosenberg
Senior Researcher