SUBSCRIPTION AND RECURRING PAYMENT MARKET ANALYSIS

Subscription and Recurring Payment Market, By Type (Fixed Pricing Model and Variable Pricing Model), By Component (Services and Payment Platform), By End User (Media & Entertainment , BFSI, Healthcare, Telecom & IT, Government and Education, Retail, Others), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East)

Global Subscription and Recurring Payment Market- Recent Developments

New Product Launches

On June 29, 2023, Mastercard Payment Processing Corporation has teamed with Subaio to provide a straightforward and safe method for customers to discover and unsubscribe from recurring payments using reputable bank apps and internet services.
In October 2020, Lightspeed financial software company launched a new subscription-based offering that allows retailers using Lightspeed Payments in North America to collect recurring revenue through their point-of-sale system.
In July 2022, Brite Payments a payments platform launched a new recurring payments service designed to improve how consumers pay subscription-based online businesses.

Acquisition and Partnerships

In January 2022, Mollie, a payment service provider, has joined forces with Chargebee, a subscription management platform, in order to drive growth for its customers.
In May 2022, Chargebee revenue management platform partnered with Metomic, a company that provides deeper payment insights to merchants by combining subscription analytics from Chargebee with Metomic's financial data intelligence
On August 29, 2023, Trustly fintech company acquired SlimPay to build pan-european recurring payments service. This acquistion will facilitate error-free payment registration, improve conversion rates and offer greater flexibility for consumers.