Verifone Strengths, Domain Expertise, and Key Differentiators
Verifone is a FinTech leader providing valuable end-to-end payment and commerce solutions to the world’s best-known retail brands, major financial institutions, and directly to more than 600,000 merchants alike. The company’s global services platform is built on a four-decade history of innovation and uncompromised security and handles 10.4B+ online and in-store transactions annually, totaling more than $440B. Trusted and recognized by consumers for its growing footprint of 35 million devices in more than 150 countries, businesses choose Verifone for its global scale, local capabilities, omnichannel prowess and solution flexibility.
Verifone Recent Developments
In 2021, BitPay partnered with Verifone to extend BitPay’s blockchain payment technology to enable consumer cryptocurrency payments on Verifone’s in-store and eCommerce Cloud Services platforms in the United States. The solution is easy for merchants to implement and intuitive for consumers. Merchants will be able to accept crypto payments directly from Verifone without the need for an account with BitPay.
Verifone Mergers and Acquisitions (M&A) Activities
In April 2018, Verifone was acquired by an investor group led by Francisco Partners for $3.4 billion.
Verifone Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Verifone applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Verifone and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Verifone Payment Processing customers.
Ownership: - Francisco Partners
Number of Employees: 4600
Verifone Key Enterprise and Cloud Applications
Verifone Payment Processing
Verifone Revenues, $M:
|Type/Year||2020||2021||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|Enterprise Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Verifone Revenue Breakdown By Type, $M:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
Verifone Enterprise Applications Revenues By Functional Markets, $M:
Verifone Enterprise Applications Revenues By Verticals, $M:
Verifone Revenues By Region, $M
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 Enterprise Applications Revenues, $M||2021 Cloud Applications Revenues, $M|
Verifone Direct vs Indirect sales
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Verifone Customers - Breakdown by Geo, Size, Vertical and Product
No. of Verifone Customers: 600000
No. of Verifone Enterprise Applications Customers: x
No. of Verifone Cloud Customers: x
No. of Verifone Cloud Subscribers: x
Verifone's clients consist primarily of financial institutions, payment processors, large retailers, petroleum companies, transportation companies, government organizations, healthcare companies and quick service restaurants.
Verifone Market Opportunities, M&A and Geo Expansions
In September 2020, Verifone has aquired 2Checkout, a digital commerce & payments provider that helps companies sell their products and services via multiple channels, acquire customers across multiple touch points, increase customer and revenue retention, leverage smarter payment options and subscription billing models, and maximize sales conversion rates. The company’s clients include ABBYY, Absolute, Bitdefender, FICO, HP Software, Kaspersky Lab, and many more companies across the globe.
Verifone Risks and Challenges
Verifone's business is based on Payment Processing Services.
Verifone Ecosystem, Partners, Resellers and SI
In December 2020, Verifone partnered with Klarna. The integration to Verifone's Cloud Services platform empowers consumers to leverage Klarna's payment suite.
Verifone Cloud Infrastructure Insights
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- Verifone Public Cloud and Infrastructure (IaaS)
- Verifone Platform (PaaS)
- Verifone Application Delivery
- Verifone Private Cloud and Data Centers
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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