The Europe 3D Secure Payment Authentication Market would witness market growth of 11.4% CAGR during the forecast period (2022-2028).
The limitations on liability for 3D secure have been somewhat altered, giving merchants even more advantages. The responsibility still passes to the issuer if a merchant seeks to verify a transaction and the issuer doesn't really participate in either the 3DS1 or 3DS2 schemes.
Compared to 3DS1, 3D secure enables the merchant to send ten times more information to issuers with every transaction. 3D Secure is able to gather information about the consumer's environment and device it through the device data collection (DDC) method. This information can be used by issuers to conduct more thorough analyses of transactions and confirm the identity of the cardholder.
Risk-based authentication, which allows an issuer to authenticate a payment without further input from the customer, is possible when the issuer is certain that the transaction has minimal risk. Because the customer journey is frictionless, this is frequently referred to as a flow.
The United Kingdom is one of the key global centers for financial services, and fintech is one of its fastest-growing sectors. Digital banking ecosystems are beginning to thrive in the UK. Due to early legislation & acceptance of open banking, the subsequent growth of fintech disruptors, and other factors, the UK has an advantage over all other Western countries in a variety of digital domains.
The Germany market dominated the Europe 3D Secure Payment Authentication Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $138.2 million by 2028. The UK market is anticipated to grow at a CAGR of 10.4% during (2022 - 2028). Additionally, The France market would experience a CAGR of 12.2% during (2022 - 2028).
Based on Application, the market is segmented into Banks and Merchants & Payment Gateway. Based on Component, the market is segmented into Merchant Plug-in, Access Control Server, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global 3D Secure Payment Authentication Market will Hit $2 Billion by 2028, at a CAGR of 11.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Mastercard, Inc., Broadcom, Inc. (CA Technologies, Inc.), American Express Company, Visa, Inc., Bluefin Payment Systems LLC, Decta Limited, GPayments Pty Ltd. (Neurocom Group), Modirum, JCB Co., Ltd., and RSA Security LLC (Symphony Technology Group)
By Application
By Component
By Country
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