Press release
Online Payment Gateway Market 2023 | Leading Key Players - Visa, Inc. (U.S.), CCBill, LLC (U.S.), PayPal Holdings, Inc. (U.S.), Naspers Ltd. (South Africa), Worldpay, Inc. (U.S.), Global Payments, Inc. (US), First Data Corp. (U.S.), Verizon Communications
Research Nester
Market analysis
Present day customers can bridle the intensity of the internet to make consistent exchanges. Nationalized and private banks have chosen to profit by this pattern and presented their very own mode for making monetary exchanges a piecemeal for clients.
Online payment gateways are the merchant services which go about as a mediator for handling the exchanges among clients and online destinations with a protected scrambled encrypted handshake. The expanding tendency of clients towards cashless and cardless installments is relied upon to drive the market development.
The infiltration of cell phones into purchaser ways of life has incited the requirement for online payment applications and hopes to reinforce market request amid the estimated time frame. However, security concerns with respect to installment can be an obstacle for the market. The global online payment gateway market is projected to expand at a rate of 12.8% CAGR during the forecast period 2018 to 2023.
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Market segmentation
The Global Online Payment Gateway Market is segmented on the basis of its type, application, and regional demand. Based on its type, the online payment gateways market is segmented into pro/self-hosted payment gateways, platform-based gateway solution, local bank integrates, and others. On the basis of its applications, the market is classified into mid-size enterprises, micro & small enterprises, and large enterprises.
Regional analysis
Geographically, the Global Online Payment Gateway Market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.
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Major players
Visa, Inc. (U.S.), CCBill, LLC (U.S.), PayPal Holdings, Inc. (U.S.), Naspers Ltd. (South Africa), Worldpay, Inc. (U.S.), Global Payments, Inc. (US), First Data Corp. (U.S.), Verizon Communications, Inc. (U.S.), Alibaba Group Holding Ltd. (China), 2Checkout.com, Inc. (U.S.), among others are some of the major players in the Global Online Payment Gateway Market.
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Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.
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