Payment Gateway is a network where customer transfer funds or place an order where verification of customer card details is done and checked by payment gateway. Payment Gateway offer benefits such as faster payments, convenience and better security which help in reducing risk of credit card fraud incidences.

Wide variety of benefits such as faster payment and increased online transactions has given positive impact on target market growth. Growing E-commerce sector and cash displacement trend has driven the market growth. Growing partnerships of companies is expected to foster the demand for Payment Gateway market growth.

The report “Payment Gateway Market, By Type (Hosted, Non-hosted), By Enterprise Size (Small & Medium Enterprises, Large Enterprises), By End-Users (Retail & E-commerce, BFSI, Travel & Hospitality, Media & Entertainment, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

Key Highlights:

• In April 2020, Stripe a global tech company announced its launch with introducing new chapter of payment gateway in India. Stripe benefits various end-user sector such as B2B platforms, retail & e-commerce, and B2C Marketplaces.

Analyst View:

Growing acquisition & strategic partnerships to launch new product and to expand its product portfolio in market has fueled market growth. Growing online shopping and online transactions has powered the demand for Payment Gateway Market growth. As a result, market competition is intensifying, and both big international corporations and start-ups are vying to establish position in the market.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Payment Gateway Market, By Type (Hosted, Non-hosted), By Enterprise Size (Small & Medium Enterprises, Large Enterprises), By End-Users (Retail & E-commerce, BFSI, Travel & Hospitality, Media & Entertainment, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

Key Market Insights from the report:

Payment Gateway Market accounted for US$ 26.79 billion in 2022 and is estimated to be US$ 201.4 billion by 2032 and is anticipated to register a CAGR of 23.3%. The Payment Gateway Market is segmented based on Type, Enterprise Size, End-Users and Region.

• Based on Type, Payment Gateway Market is segmented into Hosted, Non-hosted.
• Based on Enterprise Size, Payment Gateway Market is segmented into Small & Medium Enterprises, Large Enterprises.
• Based on End-Users, Payment Gateway Market is segmented into Retail & E-commerce, BFSI, Travel & Hospitality, Media & Entertainment, and Others.
• By Region, the Payment Gateway Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Payment Gateway Market:

The prominent players operating in the Payment Gateway Market includes, PayPal Holdings Inc., Amazon Payments Inc., Stripe, Bitpay Inc., Adyen, Wepay Inc., Verifone Holdings Inc., PayU Group, Braintree, Authorize.Net and others.

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