| Product Code: ETC4411176 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The payment as a service market in Australia is growing rapidly, driven by fintech innovations and the shift toward digital transactions. Businesses are adopting scalable, API-driven payment solutions to streamline online and mobile payments, ensuring security and compliance with evolving regulations.
The payment as a service market in Australia is driven by increasing demand for seamless and secure digital payment solutions. Rising adoption of mobile wallets and contactless payments is accelerating market growth. Enhanced regulatory support and growing e-commerce penetration are further boosting the market.
The payment as a service market in Australia faces challenges from increasing threats of payment fraud and high regulatory compliance costs. Lack of secure payment infrastructure and customer trust issues also hinder market growth.
The Australia Payment as a Service Market presents strong growth potential due to increasing adoption of cloud-based payment systems. Investment opportunities lie in developing secure, scalable platforms, improving real-time transaction processing, and expanding into retail and financial services.
Payment services are regulated under the Payments Systems (Regulation) Act 1998 and the Anti-Money Laundering and Counter-Terrorism Financing Act 2006. The Reserve Bank of Australia (RBA) oversees the licensing and operation of payment service providers. Companies offering payment services must implement strong encryption, real-time transaction monitoring, and fraud detection systems.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Payment as a Service Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Payment as a Service Market Revenues & Volume, 2021 & 2031F |
3.3 Australia Payment as a Service Market - Industry Life Cycle |
3.4 Australia Payment as a Service Market - Porter's Five Forces |
3.5 Australia Payment as a Service Market Revenues & Volume Share, By Component , 2021 & 2031F |
3.6 Australia Payment as a Service Market Revenues & Volume Share, By Service , 2021 & 2031F |
3.7 Australia Payment as a Service Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
4 Australia Payment as a Service Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of digital payments in Australia |
4.2.2 Growing demand for seamless and convenient payment solutions |
4.2.3 Rise in e-commerce and online shopping activities in the country |
4.3 Market Restraints |
4.3.1 Security concerns related to online payments |
4.3.2 Regulatory challenges and compliance requirements |
4.3.3 Limited awareness and understanding of payment as a service offerings among businesses |
5 Australia Payment as a Service Market Trends |
6 Australia Payment as a Service Market, By Types |
6.1 Australia Payment as a Service Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Australia Payment as a Service Market Revenues & Volume, By Component , 2021-2031F |
6.1.3 Australia Payment as a Service Market Revenues & Volume, By Platform , 2021-2031F |
6.1.4 Australia Payment as a Service Market Revenues & Volume, By Services, 2021-2031F |
6.2 Australia Payment as a Service Market, By Service |
6.2.1 Overview and Analysis |
6.2.2 Australia Payment as a Service Market Revenues & Volume, By Professional services, 2021-2031F |
6.2.3 Australia Payment as a Service Market Revenues & Volume, By Managed services, 2021-2031F |
6.3 Australia Payment as a Service Market, By Vertical |
6.3.1 Overview and Analysis |
6.3.2 Australia Payment as a Service Market Revenues & Volume, By Retail, 2021-2031F |
6.3.3 Australia Payment as a Service Market Revenues & Volume, By Hospitality, 2021-2031F |
6.3.4 Australia Payment as a Service Market Revenues & Volume, By Media and entertainment, 2021-2031F |
6.3.5 Australia Payment as a Service Market Revenues & Volume, By Healthcare, 2021-2031F |
6.3.6 Australia Payment as a Service Market Revenues & Volume, By Banking, Financial Services, and Insurance (BFSI), 2021-2031F |
6.3.7 Australia Payment as a Service Market Revenues & Volume, By Others, 2021-2031F |
7 Australia Payment as a Service Market Import-Export Trade Statistics |
7.1 Australia Payment as a Service Market Export to Major Countries |
7.2 Australia Payment as a Service Market Imports from Major Countries |
8 Australia Payment as a Service Market Key Performance Indicators |
8.1 Average transaction value processed through payment as a service platforms |
8.2 Number of active users or businesses using payment as a service solutions |
8.3 Percentage growth in mobile payment transactions in Australia |
8.4 Customer satisfaction ratings for payment as a service providers |
8.5 Rate of adoption of new payment technologies in the market |
9 Australia Payment as a Service Market - Opportunity Assessment |
9.1 Australia Payment as a Service Market Opportunity Assessment, By Component , 2021 & 2031F |
9.2 Australia Payment as a Service Market Opportunity Assessment, By Service , 2021 & 2031F |
9.3 Australia Payment as a Service Market Opportunity Assessment, By Vertical, 2021 & 2031F |
10 Australia Payment as a Service Market - Competitive Landscape |
10.1 Australia Payment as a Service Market Revenue Share, By Companies, 2024 |
10.2 Australia Payment as a Service Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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